Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    385 Penninsula Pointe Lynch Station, VA 24571

    Sponsored
    For Sale
    $55,500

    Residential - Single Family - Lynch Station, VA

    Type:Single Family Residence
    Lot size:
    1.15 Acres
    Days on Market:
    244
    Last Refresh:
    Jan 9 at 12:06 pm

    Property Features for 385 Penninsula Pointe

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Exterior features
    Cable Tv Avail, Underground Util
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Expense value
    531
    Expense
    POA Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    Lyons Team Brokerage Firm LLC (540) 297-7777 [email protected]

    Listing agent ARTHUR REOCH (540) 297-7777

    Listing date May 11, 2025

    MLS# 917099 Listing URL

    Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Lot in Runaway Bay

    Located in the Runaway Bay community, this residential lot offers an opportunity to build a home on a 1.15-acre property. The wooded, sloping lot features 263 feet of lake frontage on Leesville Lake. Runaway Bay amenities include a private boat ramp, day dock, locked RV/boat storage, tennis and basketball courts, walking trails, a covered pavilion, parks, and street lights. Residents can engage in activities such as swimming, skiing, tubing, fishing, cruising, and kayaking. The property is located in the Altavista school district. Well and septic systems are to be installed by the purchaser. Additional community information is available at www.runawaybayhoa.org.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lynch Station
    County
    Campbell
    State
    Virginia
    Longitude
    -79.3585
    Latitude
    37.1483

    Nearby Similar for Sale

    • $850,000
      11.90 Acres

      Unique Church Campus/Campground Opportunity

      Versatile church campus/campground in Lynch Station, VA with endless possibilities.
      11738 Leesville Rd, Lynch Station, VA 24571
      View Details
    • $59,900
      0.57 Acres

      Lakefront Property in Lynch Station

      Waterfront lot with no HOA, perfect for getaway or Airbnb.
      5-Lot Trellis Ridge Dr, Lynch Station, VA 24571
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded 1.15-acre lot with 263 feet of lake frontage.
    Where is this residential land & home lot located?
    The property is located at 385 Penninsula Pointe Lynch Station, VA.
    What is the asking price?
    The asking price for this property is $55,500.
    What are key features of this property?
    This property features: - 263 feet of lake frontage on Leesville Lake.; - Access to Runaway Bay community amenities: private boat ramp, day dock, RV/boat storage, sports courts, trails, pavilion, and parks.; - Serene, wooded, sloping lot ideal for building a home.
    (540) 297-7777
    Request Owner's contact information
    385 Penninsula Pointe Lynch Station, VA 24571
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    385 Penninsula Pointe
    Lynch Station, VA 24571
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    385 Penninsula Pointe Lynch Station, VA 24571
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.