Established towards the towering Blue Ridge Mountains, this scenic lake is generally in contrast to Lake Tahoe and gives abundant recreational activities.
Virginia might be regarded for its charming modest cities, lots of wineries, and historic landmarks, but the Aged Dominion is also house to amazing lakes that attract vacationers from close to and considerably. Situation in position: Smith Mountain Lake in central Virginia was recently named one particular of the finest places to commit in a 2nd home, according to Evolve, rating larger than other more notable spots this kind of as Pocono Lake in Pennsylvania and Missouri’s Lake of the Ozarks.
Nicknamed the “Jewel of the Blue Ridge Mountains” and “Lake Tahoe of the East,” the human-created Smith Mountain Lake features 500 miles of scenic shoreline and two dozen islands. It spans 40 miles, creating it the 2nd-biggest human body of water in Virginia, with outstanding recreational possibilities year-spherical. Whether it is really h2o athletics, climbing, boating, swimming, fishing, or golfing, the location is a magnet for travelers looking for outside adventures on and off the lake’s crystal clear waters.
“Smith Mountain lake helps make you come to feel like you are dwelling as soon as you get below,” Brenda Fichtner Bratt, a realtor with Lengthy & Foster Serious Estate, advised Vacation + Leisure, noting that the regional serious estate industry is still likely sturdy irrespective of the nationwide downturn. In accordance to knowledge from Evolve, the median listing rate was $462,772, with homes reaching a cap amount of 5.1 %. That, coupled with an approximated annually rental profits of $33,692, made the spot a single of the best-doing trip rental markets in the region.
“Houses, condos, and city properties are rented 12 months-round because our spot has quite gentle seasons in comparison to our neighboring states,” additional Bratt. One more draw for second-household prospective buyers? Taxes.
“The greater part of my purchasers occur from locations such as northern Virginia, New Jersey, Pennsylvania, California, New