Lakefront Manor Estate For
For Sale
Contact for pricing
750 Penn Hall Rd, Union Hall, VA 24176
Entitled lakefront estate with commercial potential on 26+ acres.
Property Size8,218 SF
Lot Size26.00 Acres
Price / SF$608.30
Days on Market167
Property Features for 750 Penn Hall Rd
General Information
Standard status
Active
Size
8,218 SF
Lot size
26.00 Acres
Property subtype
Hospitality, Land, Special Purpose
Zoning
A1 with Special Use Permit (Resort)
Building Details
Year Built
1940
Year Renovated
2025
Stories
2
Listing Agency:
RE/MAX Lakefront Realty Inc.
(703) 930-6999
Listed By:
Craig Wilson · License #0225250882
Source:
Crexi
Added: Mar 7
Changed: Aug 8
Last Checked: Aug 20 at 9:49AM
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 RE/MAX Lakefront Realty Inc.
Investment Insights
Based on property information with market context.
Milan Manor is an experiential real estate asset situated on 26+ acres of private lakefront land at Smith Mountain Lake in Franklin County, Virginia. The property has over 650 feet of pristine rip-rapped shoreline frontage along Smith Mountain Lake. The setting is a completely private estate environment with mountain and water views. The property is a historic manor estate repositioned for experiential, event, and retreat-based commercial use. It was fully renovated in 2024 and is entitled and operational. The property combines historic character with modern commercial functionality, enabling premium experiential use while preserving lakefront privacy and shoreline control. A Special Use Permit (SUP) enables expanded commercial use as a resort, including events, retreats, and destination-based programming. Key improvements completed in 2024 include a commercial catering kitchen with commercial-grade stove and multiple refrigerators, a speakeasy-style bar, a billiards room, a dedicated game room, and large guest suites with dedicated sitting areas. There is also a walk-around screened porch, extensive landscaping, and outdoor amenities. Supporting infrastructure includes a commercial well (50+ gallons per minute) installed in 2024, a new septic system installed in 2024, a dedicated parking lot, two vehicle turnarounds, and historic-style light poles. Waterfront enhancements include rip-rapped shoreline and an approved AEP dock totaling 3,000+ square feet, partially installed. On-site amenities include a pickleball court and sports shooting range, fire pits, and patios. Supported commercial uses include curated private events and destination weddings, corporate, executive, wellness, and creative retreats, estate-style buyouts and limited lodging tied to programming.
Key Highlights
- Fully entitled for commercial resort use, including events, retreats, and destination programming.
- Complete infrastructure and recent (2024) top‑to‑bottom renovation, including commercial kitchen, new septic system, commercial well, and extensive landscaping.
- Extensive private lake frontage (650+ feet) on Smith Mountain Lake with approved 3,000+ sq ft dock (partially installed) and rip‑rapped shoreline.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 24176, VA
1,527
Population
1,140
Households
1.3
Avg Household Size
59
Median Age
52%
College-Educated
95%
High-School Grad
22.0 sq mi
ZIP Area
69
Density / Sq Mi
$95,197
Median Household Income
$47,125
Median Earnings
$1,326
Median Rent
$592,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Resort - Entitled lakefront estate with commercial potential on 26+ acres.
Where is this resort located?
The property is located at 750 Penn Hall Rd Union Hall, VA.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: Fully entitled for commercial resort use, including events, retreats, and destination programming.; Complete infrastructure and recent (2024) top‑to‑bottom renovation, including commercial kitchen, new septic system, commercial well, and extensive landscaping.; Extensive private lake frontage (650+ feet) on Smith Mountain Lake with approved 3,000+ sq ft dock (partially installed) and rip‑rapped shoreline.**
