750 Penn Hall RD, Union Hall, VA 24176
New Listing
$4,999,000
Property Type:
Commercial
Baths:
8
Lot Size (sq. ft.):
1,139,094
Status:
Active
Current Price:
$4,999,000
List Date:
3/05/2026
Last Modified:
3/05/2026
Description
Milan manor is a once in a generation opportunity offering a level of scale, privacy and lakefront that is virtually impossible to replicate at Smith Mountain Lake. Situated on 26.15 acreas of Contiguous private lakefront land with 658 feet of pristine shoreline. The property combines historic character, modern luxury, and complete seclusion in a in a setting designed for investors seeking huge scale and upside. Full 2025 Renovation done to historic mansion onsite. Owner has secured Special Use Permit allowing the property to operate as a resort. Blueprints, Proforma, Site and Engineering plans for Wedding Barn, Clubhouse, and 40 2 bedroom 2 bath villas. Permitted Dock partially completed with contractor guaranteed place in line for Summer 2026 Completion (see letter).
Supplements: Permitted Docks include huge 4 slip 34x54 dock with storage and an uncovered 30x30 dock. Rare Lakefront Privacy (no other residence for over a mile).
More Information MLS# 925166
General Property Description
Construction Status: Completed
Total Acreage: 26.15
Flood Area: No
Gross Lot SqFt: 1139094
On site Parking: Yes
Basement Y/N: Yes
Parking Spaces: 40
Water Class: Waterfront Property
Water ID: Smith Mtn Lake
Gross Building SqFt: 6638
Length of Waterfront: 658
Lease Available: No
Year Built: 1940
Total Bths: 8
Location, Tax & Legal
Major Area: 04 - Franklin County
Legal: Wilson Craig R Jr Angela
Tax ID: 051 00-020 02
Annual Taxes: 9150
Zoning Code: A1 See Remarks
Area: 0490 - SML Franklin County
Street Number: 750
Street Name: Penn Hall
Street Suffix: RD
State/Province: VA
Zip Code: 24176
Municipality: Franklin County
Remarks & Misc
Directions: From Old Franklin Turnpike (Route 40), Turn Left on Kemp Ford Road, Right on Dillards Hill Road, Right on Penn Hall Road. Property is on the Right.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Vinyl: 1
Wood: 1
Commercial Type
Investment: 1
Views
Lake: 1
Mountain(s): 1
Sunrise: 1
Sunset: 1
Business Type
Bed & Breakfast: 1
Hotel/Motel: 1
Other: 1
Sale Includes
Building: 1
Building & Land: 1
Heating
Electric: 1
Heat Pump: 1
Miscellaneous Info
Ceiling Height: 9
Amps: 1200
Cooling
Electric: 1
Heat Pump: 1
Water Description
Private Water: 1
Documents Available
Phase One: 1
Phase Two: 1
Survey: 1
Sewer Description
Private Septic: 1
Manufactured Homes
No HUD Tag: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Roof System
Shingle: 1
Levels
Two: 1
Internet Access
Cable: 1
Cur'nt Internet Prov: Shentel
Floors
Luxury Vinyl Plank: 1
Tile: 1
Wood: 1
Boat Dock Desc
A-Roof: 1
Floater: 1
Stationary: 1
Water Features
Cove: 1
Point: 1
Riprap Shoreline: 1
Southern Exp to Wtr: 1
Additional Features
Additional Buildings: 1
Other Water Details
Nbr of Covered Slips: 4
Short Term Rental: 1
Topography
Level: 1
Contract Information
Current Price: $4,999,000
List Price: $4,999,000
List Date: 2026-03-05
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment
Business Type: Bed & Breakfast; Hotel/Motel; Other
Sale Includes: Building; Building & Land
Construction: Brick; Vinyl; Wood
Roof System: Shingle
Levels: Two
Heating: Electric; Heat Pump
Cooling: Electric; Heat Pump
Floors: Luxury Vinyl Plank; Tile; Wood
Manufactured Homes: No HUD Tag
Additional Features: Additional Buildings
Water Description: Private Water
Sewer Description: Private Septic
Water Heater Type: Tank
Water Heater Energy: Electric
Internet Access: Cable
Documents Available: Phase One; Phase Two; Survey
Topography: Level
Views: Lake; Mountain(s); Sunrise; Sunset
Boat Dock Desc: A-Roof; Floater; Stationary
Water Features: Cove; Point; Riprap Shoreline; Southern Exp to Wtr
Other Water Details: Short Term Rental
Listing Office: RE/MAX LAKEFRONT REALTY INC
Last Updated: March - 05 - 2026
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