With a nickname like the Jewel of the Blue Ridge Mountains, it is straightforward to see why Smith Mountain Lake is such a beloved position for Virginians. The 20,000-acre lake stretches out around 40 miles with 500 miles of shoreline, and it is all nestled into the loving embrace of the mighty Blue Ridge Mountains. The visually arresting mixture of sparkling deep blue h2o and rolling green hills is genuinely a sight to behold.
As the 2nd premier entire body of freshwater in the state, Smith Mountain Lake has been drawing locals from surrounding smaller towns, as very well as metropolitan areas like Roanoke and Lynchburg (each about an hour’s travel absent), for a long time. Just lately, the cat’s gotten out of the bag about what a lovely and serene spot this is, and more folks from exterior the spot have been popping by to see what the fuss is about.
Joel Mulbah/Courtesy of Virginia Tourism Corporation
Evolve, a common trip rental home organization, named Smith Mountain Lake a person of its 12 most effective areas to get a lake household in 2023. To make their picks, the enterprise appeared at a few metrics: getaway rental overall performance metrics for lake towns across the state to establish which bookings led to greater median value Zillow’s 2022 median residence to identify listing charges in lake towns and the approximated annually charges to run a vacation rental to assist estimate the cap rate.
Based on all that info, Smith Mountain Lake came in as amount five on the record. The business established median rental income in Smith Mountain Lake to be $33,692, when the median listing price for houses in the area was $462,772, leading to a cap amount of 5.1{5a5867cc9cca71cf546db38f42fbf171004839e3542174405390d177276b4f49}. True lake front qualities in Smith Mountain Lake mostly fell in the vary of $500,000 to $1 million, but the state’s decreased property taxes could easily offset the larger sized initial investment decision.
If you have been fantasizing about proudly owning a lake household, Smith Mountain Lake may be the ideal way to turn all those desires into fact. The lake is a well-liked spot for every single watersport imaginable from ability boating, canoeing, and kayaking to wakeboarding, waterskiing, and jet skiing. With summer season water temperatures averaging in the 70-diploma assortment, it is normally an inviting spot to dive in and go for a swim. For the ardent anglers, the lake is stocked with quite a few species of freshwater fish. There are striped, smallmouth, largemouth, and black bass, as effectively as crappie, catfish, muskellunge, and walleye.
Chad Williams/Courtesy of Virginia Tourism Company
One of the most effective locations to commit time on Smith Mountain Lake (other than your have personal dock, of training course!) is Smith Mountain Lake Condition Park. Found on the lake’s northern border, the park contains a 500-foot seaside with a snack shack, a general public boat launch, boat rentals, 13 miles of hiking trails, cabins and campsites, and several picnic shelters.
Nevertheless want convincing to contemplate this Virginia lake city for a holiday dwelling? Just imagine the fiery sunshine placing above tranquil waters and majestic mountains looming just driving. We can not imagine of a far more awe-inspiring impression to see from the comfort of your dwelling.
