Aerial Photo of Smith Mountain Lake Property

Smith Mountain Lake Water Access Homes and Lots

Smith Mountain Lake Water Access Homes and Water Access Lots

Smith Mountain Lake has experienced tremendous growth over the last few years as all waterfront property has and several waterfront homes and lots have priced themselves out of reach for many home buyers. Several water access neighborhoods have sprung up and offer a very practical solution to the problem. You can still live at Smith Mountain Lake with access to the water and do so by living just off the water. Water access means that the neighborhood has a boat ramp of its own and usually has a day dock where you can tie up for the day, the lot has a deeded dock in a community boat house area or is close to a marina that has dock slips for lease. The cost to lease a boat slip for a year varies depending on the length of the slip, if it is covered or not and if you want to raise your boat out of the water. The prices start at around $1500 and go up from there. Amenities of the neighborhoods vary from having pools, tennis courts, beaches and a clubhouse to just the bare minimum of the boat ramp. Amazingly, prices don’t vary too much because of the amenities unless you’re in a golf course community. Save a lot of money by buying water access property instead of lakefront property in Virginia.

Average Water Access Lot with a Boat Ramp or other access:
   Approximately $40,000 – $80,000
Average Water Access Houses on Above Lot, square footage ranging from 1300 – 3000sf:
   Approximately $200,000 – $450,000

Average Water Access Lot with a Deeded Boat Slip:
   Approximately $150,000 – $200,000
Average Water Access House on Above Lot, square footage ranging from 1600 – 3200sf:
   Approximately $350,000 – $475,000

Average Water Access Lot in a Golf Course Community with Boat Ramp or Leased Boat Slip:
   Approximately $40,000 – $150,000
Average Water Access House on Above Lot, square footage ranging from 1600 – 4000sf:
   Approximately $275,000 – $600,000

Please Note: All above prices are approximate and vary depending on market condition as well as location, view, terrain and many other factors.

Smith Mountain Lake Property Types And Approximate Prices