Smith Mountain Lake Prudential Waterfront Properties - smithmtnlake.com

Posts from — June 2010

Hundreds come out for discounted Smith Mountain Lake condo sale – wsls.com

Hundreds come out for discounted SML condo sale

By: Jarett Henshaw

SMITH MOUNTAN LAKE – As each number was called, someone hurried up front to claim their prize, the deal of a lifetime.

More than three hundred people showed up at the Waterfront Country Club for their chance to buy a Bridgewater Pointe Condo for 30%-40% off the assessed value.

How it worked is each person drawn picked the lake pad they want and put in a contract on it for the discounted price. Then they have 30 days to get financing and close the deal.

Local business owner Betsy Head said, “We went into this with my husband’s brother and his family just hoping to get pulled once, and split the property together.”

Betsy got her name called not just once or twice, but five times, but she doesn’t plan on buying them all herself.

“We’ve got a lot of family that may want to pick these up and have a vacation home on Smith Mountain Lake,“ said Head.

Leslie and Barbara Johnson were overwhelmed when their number was called.

“I was like huhhhhhh, ha ha, I just couldn’t believe it because I was watching them all get marked off and I thought we’re not going to get one, but we did,“ said Leslie Johnson.

“We can’t wait. I mean, we have been afraid to get excited and we wanted a big balcony and we got a big balcony, so we’re tickled,“ said Barbara Johnson.

Barbara’s buying the ground floor condo and says their move to the lake has a special meaning.

“My husband, her dad, died last August, so this is kind of our splurge to come to the lake and enjoy Smith Mountain Lake,“ said Barbara.

Many went home empty handed but a select save hundreds of thousands of dollars on a hot spot at Smith Mountain Lake.

Prudential Waterfront Properties accepted applications to be put in a lottery for the condos back in May. The homes are located on Smith Mountain Lake in the Bridgewater Pointe Community, right next to the Bridgewater Plaza.

There were 48 three and four bedrooms homes being offered, some starting as low as two hundred thousand dollars.

June 28, 2010   No Comments

2010 July 4th Weekend Fireworks Display

SML Fireworks - photo by Ted Pratt

The Saunders Volunteer Fire Company will present its annual Smith Mountain Lake Fireworks and Fire Company Fundraiser hosted by Parkway Marina in Huddleston on Saturday, July 3, Raindate Sunday, July 4.  The spectacular fireworks presentation is preceded by a fun-filled day of activities — including live music with “The Worx.” Enjoy the spectacular fireworks show by boat or on the shoreline.  Car and Boat Show begins at 2 p.m. along with fire and rescue equipment, display and military hardware and vehicle display.  Beginning at 3 p.m., you can enjoy amusement rides, arts and crafts, and a variety of foods.

The SML Water Safety Council asks all boaters to travel at no-wake (idle) speeds within the No-Wake Zone boundaries from 7:30 PM July 3rd until after heavy spectator traffic has departed the Zone following the fireworks (usually about 10:45 PM). Skippers are expected to slow to idle speeds as they enter the zone for the safety and comfort of those already drifting in that area. Once boats reach the No-Wake Zone boundaries along their routes home after the fireworks, it should be safe to proceed at a prudent after-dark cruising speeds on up the channels.

We hope to have boats on the water that evening marking the boundaries with large orange balloons, lighted after dark. However, if you don’t see a marker boat along your path, realize that the boundaries are located roughly as follows:  

  • From Bernard’s Landing/Rabbit Island across to the north-eastern shore of the Roanoke between R12 and R10
  • From Christmas Tree Island due east across the Blackwater
  • Across Craddock Creek at marker C3.

Extra caution and prudent speeds are also recommended while proceeding through the squeeze at the S-curve. The Water Safety Council, VDGIF and other lake safety patrols urge all boaters to wear their life jackets while boating on the July4rth Holiday weekend. “You wore your seat belts getting here; wearing life jackets while on the water makes equally good sense.” Boaters who enjoy the fireworks are asked to help keep this SML tradition alive by sending a tax-deductible contribution to: Treasurer, Saunders Volunteer Fire Co., P.O Box 14, Huddleston, VA 24104.

The event culminates at dusk with a magnificent fireworks display including salutes from the National Guard’s howitzers! No Pets will be allowed on the Point.  For more details contact organizers at 540.297.4412.  Details are also available the the Smith Mountain Lake Visitor Center by calling 540.721.1203 or toll free 1.800.676.8203. Parkway Marina is located off of Smith Mountain Lake Parkway (Route 626) on the Bedford County shore of the lake.  Come out to celebrate America’s Independence Day Weekend.  Remember, Smith Mountain Lake — It’s Closer Thank You Think!

June 22, 2010   No Comments

Home sweet homes

The economy may be facing some challenges, but that didn’t stop many buyers from investing in vacation properties last year; especially at Smith Mountain Lake. NAR’s 2010 Investment and Vacation Home Buyers Survey shows vacation home sales rose 7.9 percent to 553,000 in 2009, compared to 513,000 in 2008.

Ninety percent of survey respondents plan to use their second home as a family vacation retreat. Only one in four plan to rent it to tenants. Twenty-six percent intend to make the property their primary residence in the future.

The median sale price of a vacation home was $169,000 in 2009, compared with $150,000 in 2008.

In contrast to vacation homes, investment home sales fell 15.9 percent to 940,000 in 2009 from 1.12 million in 2008. The median transaction price of an investment property purchased in 2009 was $105,000, compared with $108,000 in 2008.

Talk to a Prudential Waterfront Properties Realtor about the second-home market at Smith Mountain Lake or surrounding areas.

June 8, 2010   No Comments

Start Summer off with a Cruise on the Virgina Dare at Smith Mountain Lake

Now that school’s out, it’s Vacation time! Looking for something to do? The Virginia Dare at Smith Mountain Lake has lots of fun events for June. On June 4th, 11th & 25 Hawaiian Cruises 7:30-9:30 – Come out in your grass skirt, your favorite Hawaiian shirt and lei and enjoy a 2 hour cruise and a meal with Hawaiian flair. June 18th Murder Mystery Cruise 7:30-9:30 – Come out and enjoy a 2 hour cruise and have dinner while you watch the show and try to figure out who done it. Lots of mystery and loads of laughs. This is a must do! June 20th Father’s Day Cruise 2:00-4:00 Bring Dad out on his special day for a relaxing 2 hour cruise and Lunch. Dads get a $5.00 discount. Also don’t forget about their over the water Portside Grill and Bar. Open on Friday’s  at 2:00pm. Open on Saturday’s and Sunday’s 11:00am. New menu items this year include: Spicy Turkey Wings, Grilled Hot Dog with Homemade Chili and Slaw and BBQ Sliders with Homemade Slaw . Visit their Calendar of Events for a schedule of Specialty Cruises. If you have any questions (540) 297-7100 or (800) 721-DARE.

June 7, 2010   No Comments