The Tyson family is retiring and ready to sell this pristine property!

Sealed bids being accepted for this breathtaking Smith Mountain Lake waterfront lot, located in The Waters Edge Country Club Community in Penhook, Virginia (Franklin County).

Gorgeous gently sloped waterfront lot containing .78 of an acre, 149.54 feet of rip rapped shoreline located in a quiet cul-de- sac. Great wide water cove with fabulous view of lake and mountains! You will enjoy family and friends in this active private golf course community. Amenities include golf, tennis, clubhouse with restaurant, equestrian and workout centers. This lot has an active golf course membership and the new buyer must pay 30K initiation fee within the first 30 days of ownership to maintain this membership. Lot has been perked and is designated on Lot 1. Purchaser is responsible for removal of any trees or debris, water hook- up fees, obtaining current septic permit, and club initiation fee.

Sealed bids will be accepted from March 20 through final bid date of April 10, 2020. Bids must show purchasers ability to obtain financing or obtain the funds through bank letters.

Terms: Winning bid to be notified by April 13, 2020 and closing to occur no later than May 1, 2020.

Bids to be filled out on the enclosed form and to be accompanied by a bank letter stating financing is preapproved for the amount of the bid or stating the funds are available through the bidder’s account.

Cooperating agents shall be paid a fee if their bidder is awarded the winning bid equal to 2% of the sales price. This signature of the agents must accompany the bid form at the time the bid is submitted.