188 Locust Lane , Penhook, VA 24137(Pittsylvania County)

Absolute Substitute Trustee Foreclosure Auction Smith Mountain Dock & Lodge. Sale site located at The Water's Edge Country Club, 1825 Waters Edge Drive, Penhook, VA, on Friday, July 27, at 5:00 p.m. Marina Snack Bar Fuel Tanks Floating Docks Covered Docks with Lifts Dry Storage Cradles Boat Ramp Land Residential Rental Units Single Family Residence. There are very few marinas on Smith Mountain Lake and here is your opportunity to own this desirable Smith Mountain Lake Landmark! The property will be offered in 8 parcels and sold absolute to the highest bidder. The marina, which is located on auction tract 3, will sell with the Smith Mountain Dock and Lodge name and all of the stock in the corporation. The marina is currently open for business. Auction Tract 1: This 11 acre parcel is located on Smith Mountain Road and Waterlocked Road and it used to house the Ponderosa Trailer Park. There is a class B well and septic systems that were used for the trailers. There is a residence, a gazebo and dock in addition to the multiple floating docks.

Auction Tract 2: This 5.5 acre parcel is located on Smith Mountain Road and Locust Lane. This parcel offers great building sites and the fire department currently docks a boat on the water frontage.

Auction Tract 3: This 4.5 acre parcel houses the actual Smith Mountain Dock and Lodge. It has the 2 bedroom, 2 bath lodge, marina, fuel tanks and pumps, dry dock storage area, numerous sheds, 14 covered boat lifts and docks that are currently leased. There are actually 15 rental slips at the covered dock area; but, one boat is tied to the outside and has an electrical hook up. There are also 6 floating finger docks, boat ramp and an area to launch the dry dock boats into the water. An income producer here! Auction Tract 4: This 2.3 acre parcel has 12 covered boat lifts, 3 hand crank Jet Ski lifts and 10 floating finger docks. Another income producer! Auction Tract 5: Residence and .97 acre. This is where Todd and Donna live and oversee the operation of the Dock and Lodge. It has 2 bedrooms and 2 baths with great water views. Auction Tract 6: This water front tract is .97 acre and is further enhanced with 4 efficiency units and one storage unit. The storage unit houses the washer, dryer, water heater and storage for supplies. Auction Tract 7: This .4 acre parcel is located on Waterlocked Road and has 3 efficiency rental units and docks. Auction Tract 8: Also located on Waterlocked Road, this property offers .3 acre and a 2 bedroom, 2 bath rental unit with dock. The property is currently zoned RPD (residential planned unit development district) and the information on zoning is available on our web site or through Pittsylvania County. Go to the Woltz website for additional property details, photos, and complete terms and conditions of the auction.