A Distinguished Murphy & Co–Designed Waterfront Estate Inspired by Historic Farmhouses Lists for $5.95M
Priced at $5.95 million, 128 Oaklawn Dr has entered the luxury market as one of the most architecturally refined new waterfront residences on Smith Mountain Lake. Completed in 2024, the five-bedroom, six-bath estate spans 6,729 square feet and occupies a private 1.42-acre point with approximately 385 feet of shoreline. Its east-facing orientation captures panoramic sunrise views across Smith Mountain and the Blackwater main channel, a vantage point rarely found in Virginia Real Estate offerings of this scale.
Designed by acclaimed architects Murphy & Co and finished with interiors by Caitlin Kinkead, the residence draws inspiration from historic American farmhouses while delivering modern performance and efficiency. From the moment visitors arrive at 128 Oaklawn Dr, the home’s balance of tradition and innovation is immediately apparent.
Architectural Vision Meets Timeless Interior Design
Murphy & Co’s architectural approach emphasizes proportion, symmetry, and longevity—principles that are echoed throughout the interior spaces curated by Kinkead. Natural materials define the home, including Carrara marble, Iceberg Quartzite, reclaimed hardwood flooring, and exposed box beams that add warmth without excess.
“This was never meant to be a trendy house,” listing agent Debbie Shelton of Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate told Luxury Houses Magazine. “The owner wanted something enduring—materials and craftsmanship that will still feel relevant decades from now.”
A chef’s kitchen equipped with Wolf, Sub-Zero, Bosch, and Fisher & Paykel appliances anchors the main living level, while expansive glass walls frame uninterrupted lake views. Multiple gathering areas, a private office, sunroom, and a finished lower level allow the residence to function equally well as a full-time home or an elevated second residence within the Moneta Real Estate market.
SEE MORE: Stunning 2-Acre Virginia Estate Offering Exceptional Beauty for $6.79 Million
Resort-Style Amenities on the Water
Outdoor living is a defining element of the property at 128 Oaklawn Dr. A custom in-ground gunite pool and heated spa overlook the lake, while covered porches and terraces extend the living spaces outdoors throughout the year. A regulation-size pickleball court with a half-court basketball setup adds a recreational component rarely seen in waterfront estates of this caliber.
According to Shelton, who spoke with Luxury Houses, the seller is “a successful entrepreneur who spent years refining every detail to create a true private retreat.” She added that the owner’s identity has not been disclosed publicly, a common request among high-net-worth sellers in today’s Virginia Real Estate landscape.
Transaction History and Market Context
Public records show the property previously sold for $550,000 in 2020 and $800,000 in 2021, prior to its complete redevelopment. The current offering reflects not only the cost of new construction but also the maturation of the luxury segment at Smith Mountain Lake, where inventory of newly built, architect-led homes remains limited.
Within the broader Moneta Real Estate market, waterfront properties with substantial shoreline, new construction, and resort-level amenities continue to command premium pricing. “Buyers today are extremely discerning,” Shelton told Luxury Houses Magazine in a separate interview. “They want turnkey quality, privacy, and a setting that feels irreplaceable—and that’s exactly what this home delivers.”
SEE MORE: Exceptional Craftsmanship Meets Advanced Design in This $4.1M Carrington Custom Home in Virginia
A Lifestyle Defined by Smith Mountain Lake
Beyond the residence itself, 128 Oaklawn Dr offers access to a lifestyle that has positioned Smith Mountain Lake as one of the Mid-Atlantic’s most desirable waterfront destinations. The region features hundreds of miles of navigable shoreline, full-service marinas, golf courses, waterfront dining, and proximity to regional airports and the city of Roanoke.
As demand continues to grow for luxury lakefront living, properties that combine architectural integrity with location-driven value stand apart. With its thoughtful design, expansive shoreline, and comprehensive amenities, 128 Oaklawn Dr represents a rare opportunity to acquire a newly built estate in one of Virginia’s most established lake communities.
For full listing details and market information, readers can view the property on Zillow and explore Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate.
* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*
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- A Distinguished Murphy & Co–Designed Waterfront Estate Inspired by Historic Farmhouses Lists for $5.95M
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