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Condos & Townhomes
Lock the door and go. The lake's lowest-maintenance path to the water — and often the easiest one to rent out.
The market, briefly
What this costs at Smith Mountain Lake
Waterfront condos and townhomes closed around an average of $527K in 2024, at 97% of list and about 51 days on market — with entry-level units in some communities well below that.
Figures reflect publicly reported Smith Mountain Lake area activity and are for general orientation only — they are not an appraisal. Ask us for current numbers on your specific segment.
The amenity communities do the work for you
Bernard's Landing has three pools, tennis and pickleball, a beach, a marina, and waterfront dining on a seventy-acre peninsula. Mariners Landing wraps a Robert Trent Jones Sr. golf course with restaurants and a spa. Vista Pointe puts forty-eight condominiums on a peninsula with 360-degree views.
Slip arrangements vary by building, not by lake
Highland Pointe and Harbor Ridge include deeded covered slips. Bernard's Landing and Mariners Landing lease them. Bridgewater Pointe offers covered slip leases. The same question — "does it come with a slip?" — has a different answer at every address.
Rental permissions are the hinge
Several condo communities expressly allow short-term rentals, which changes both the income math and the character of your hallway. If you want a quiet building, ask what percentage of units are rented weekly.
Read the reserve study, not just the dues
Waterfront buildings face weather, docks, and pools. Low dues with an underfunded reserve is a special assessment waiting to happen. This is where a specialist agent earns their keep.
Use this
Questions to ask any agent about this
Ask these of whoever you end up working with — us, someone we introduce you to, or an agent you found yourself. A specialist answers them easily. Everyone else gets vague.
- Is a boat slip included, deeded, leased, or waitlisted?
- What do the dues cover and what is the reserve balance?
- Are short-term rentals allowed, and what share of units rent weekly?
- Have there been special assessments in the last five years?
- What are the pet, parking, and guest rules?
Communities that fit
A starting point. Details change — always verify current rules with the HOA and the county.
| Community | Where | What it is |
|---|---|---|
| Mariners LandingGolf · Resort · Condos | Huddleston, Bedford Co. | A large resort community on Craddock Creek with a Robert Trent Jones Sr. course, several restaurants, indoor and outdoor pools, a beach and a spa. Short-term rentals permitted; slips leased. |
| Bernard's LandingCondos · Resort | Moneta, Franklin Co. | A 70-acre peninsula with three pools, tennis and pickleball, a beach, marina and waterfront dining. Slips leased; short-term rentals allowed. |
| Bridgewater PointeCondos | Moneta, Bedford Co. | Waterfront condominiums near Bridgewater Plaza with a pool, day docks and covered slip leases. Short-term rentals allowed. |
| Vista PointeCondos | Moneta, Bedford Co. | Forty-eight condominiums on a peninsula with 360-degree water views. |
| Stripers LandingCondos · Rental | Moneta, Bedford Co. | Waterfront condominiums where short-term rentals are permitted. |
| Highland PointeCondos · Deeded Slips | Union Hall, Franklin Co. | Pool, hot tub, tennis and pickleball, boat ramp — with deeded covered boat slips included and short-term rentals allowed. |
| Harbor RidgeTownhomes · Deeded Slips | Goodview, Bedford Co. | Waterfront common area and pool, with one to two deeded slips per property and short-term rental eligibility in Bedford County. |
| The Cottages of Contentment IslandTownhomes | Moneta, Bedford Co. | Sixty-two waterfront townhomes up to 5,000 square feet. |
Where to look for this on the lake
Westlake & Hales Ford
The center of gravity. Groceries, the clinic, Bridgewater Plaza, and the bridge everyone crosses — plus the lake's densest cluster of condos and townhomes.
Explore this areaUnion Hall & the South Shore
Newer, larger, quieter. The upscale planned communities of the Blackwater side, with golf, equestrian, and gated entries.
Explore this areaMoneta & the North Shore
The classic lake side. Cottages and chalets tucked into wooded coves, the State Park, and the county where short-term rentals are permitted.
Explore this areaOr maybe you're really after…
Waterfront Homes
True deeded waterfront where the dock is yours. The most sought-after — and the most technically complicated — thing to buy at this lake.
What to knowOff-Water & Water Access
Lake life at a fraction of the price — if you understand exactly what "water access" does and does not include.
What to knowGolf Communities
Four distinct clubs, four very different memberships. Choosing the course is really choosing the community.
What to knowLooking for condos & townhomes?
Tell us the specifics and we'll introduce you to an agent who does this every week — not one who does it occasionally. Free, and no obligation whatsoever.
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