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Lakefront Residential Land
For Sale
$55,500

Lot 385 Peninsula Pt, Lynch Station, VA 24571

Wooded, sloping lot with 263 feet of lake frontage in a Runaway Bay community with shared water access amenities.

Property SizeContact for details
Days on Market495

Property Features for Lot 385 Peninsula Pt

General Information

Standard status Active
Property subtype Land

Taxes and HOA fees

Annual Taxes $371

Amenities

private boat ramp
day dock
locked RV/boat storage
tennis and basketball courts
walking trails
covered pavilion
parks
street lights
Listing Agency: LYONS TEAM, REALTORS
Listed By: ARTHUR REOCH
Source: Exprealty
Added: May 9, 2025 Changed: Sep 6 Last Checked: Sep 14 at 12:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LYONS TEAM, REALTORS

Investment Insights

Based on property information with market context.

This wooded, sloping waterfront lot offers 263 feet of lake frontage on a quiet cove of Leesville Lake, suited for building a home designed around lake views. The property is listed as Lot 385 on Peninsula Pt and is set within the Runaway Bay community. Well and septic will be installed by the purchaser.

Runaway Bay provides community amenities including a private boat ramp, day dock, locked RV/boat storage, tennis and basketball courts, walking trails, a covered pavilion, parks, and street lights. The setting supports a lake lifestyle with activities such as swimming, skiing, tubing, fishing, cruising, and kayaking, along with time for relaxing by the water.

The property is located in the Altavista school district.

Key Highlights

  • Wooded, sloping lot with 263 ft of lake frontage on Leesville Lake in the Runaway Bay community
  • Located on a quiet cove of Leesville Lake, offering lake views from the property
  • Runaway Bay amenities include a private boat ramp and day dock

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 24571, VA

1,904
Population
1,128
Households
1.7
Avg Household Size
53
Median Age
28%
College-Educated
84%
High-School Grad
51.0 sq mi
ZIP Area
37
Density / Sq Mi
$41,250
Median Household Income
$42,964
Median Earnings
$850
Median Rent
$144,900
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Waterfront Land - Wooded, sloping lot with 263 feet of lake frontage in a Runaway Bay community with shared water access amenities.
Where is this waterfront land located?
The property is located at Lot 385 Peninsula Pt 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: Wooded, sloping lot with 263 ft of lake frontage on Leesville Lake in the Runaway Bay community; Located on a quiet cove of Leesville Lake, offering lake views from the property; Runaway Bay amenities include a private boat ramp and day dock
More about this property
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