Pat Bailey began as a local Realtor specializing in assisting buyers and sellers to find the right waterfront home, waterfront cabin or other resort properties for their needs. Over the years, Pat helped Smith Mountain Lake see its true potential as a vacation community with beautiful mountains and crystal clear waters. The SML vacation rental market is strong when you combine this with boating, sailing, jet skiing, and  the many other water sport attractions that this 500 acre lake offers.

I remember when Smith Mountain Lake was just filling in and the pre-existing river beds were in place.Pat Bailey Realtor
Part of the charm of growing up at Smith Mountain Lake has been watching the transformation from a small rural community into the resort place that Smith Mountain Lake has become over the years.– Broker Pat Bailey

Due to Pat Bailey’s unique skill sets of rentals, sales and construction – yes, she is also owner of a local Class A Building Construction firm ( Bailey Enterprise Group, LLC), she has become widely known as the ” Investment Expert” at Smith Mountain Lake, Virginia.
To date this well established and well respected Real Estate firm deals with Buyers and Sellers of the many various types of waterfront homes, cottages, cabins, condominiums, and townhomes at Smith Mountain Lake. In addition to the sales end of things, Pat Bailey also heads up a property management division which current handles the day to day work of renting out and leasing of both waterfront and off water or water access properties all over the Smith Mountain Lake Area.

Among the many areas we work are Bedford County, Franklin County, and Pittsylvania County waterfront properties on and around the Smith Mountain Lake area. Our many waterfront towns, communities include Smith Mountain Lake, Bedford County waterfront areas: Moneta, Goodview, Huddleston and Franklin County waterfront areas: Moneta, Hardy, Glade Hill, Union Hall, Penhook.
Call Pat Bailey today to discuss the many facets of owning rental properties, There are many up and down sides of this ownership and many small items that you can do to make your investment rental property produce a better return. Calling Pat before you actively start looking can make a world of difference.Pat Bailey recognized the growing need for property management services at the lake, and in 1993, she formed the premiere property management firm of CB Rentals. CB Rentals offers SML summer home vacation rentals, waterfront homes, waterfront cabins, and waterfront cottages for rent. In 1995, Pat Bailey became the Principal Broker. In addition to her handling real estate sales, she also managed over 50 Realtors/Agents to better assist the many buyers and sellers of waterfront properties at Smith Mountain Lake.  Over time her two SML waterfront/ resort real estate firms merged into CB Sales and Rentals.

Pat did a wonderful job finding our lake property and was very quick to negotiate the best deal on our behalf. Since then, her firm is handling the rental of our home. And, although we have only rented the house for one year, we met and exceeded our rental income expectations.
-Suzanne Sellman, Burtonsville, MD

200 Camp

I bought a beautiful house on the lake from Pat in Franklin County. Her knowledge of the lake is a great asset that I utilized. I highly recommend Pat as a professional realtor for SML, and hope to see you at the lake. – James Pregot, Herndon, VA


I have worked with Pat for about 5 years now, first in helping me purchase my lake cottage and later when I wanted to upgrade and remodel it. I highly recommend Pat, she is very professional an d looks out for the best interests of her client. I will definitely be using her in the future for similar activities. – David,  Denver, CO