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385 Penninsula Pointe #LOT, Lynch Station, VA 24571

$55,500

Come build your dream home on the lake in the beautiful Runaway Bay community! This serene, nature-filled setting features a nicely wooded, sloping lot with an impressive 263 feet of lake frontage on a quiet cove of Leesville Lake perfect for peaceful mornings and sunset views. Enjoy all the amenities Runaway Bay has to offer, including a private boat ramp, day dock, locked RV/boat storage, tennis and basketball courts, walking trails, covered pavilion, parks, and street lights. Experience the best of lake living with swimming, skiing, tubing, fishing, cruising, kayaking or simply relaxing by the water. Located in the Altavista school district and priced below tax value. Well and septic to be installed by purchaser. For more community information, visit www.runawaybayhoa.org.

Highlights

  • Land
  • Unimproved Land
  • 1.15 Acre Lot
  • $531/yr HOA
  • Waterfront
  • 556 days on Market


  • Acres
    1.15
  • Lot Features
    Waterfront, Sloped Down
  • Water Front
    Yes
  • View
    Lake
  • Utilities
    Cable Available, Water Not Available, Underground Utilities
  • Water
    Private, Well

  • Area
    2000 - Campbell County
  • County
    Campbell
  • City
    Lynch Station
  • Neighborhood
    Runaway Bay
  • Zip Code
    24571
  • High School
    Other - See Remarks
  • Middle School
    Other - See Remarks
  • Elementary School
    Other - See Remarks

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Frequently Asked Questions

How do I schedule a tour of 385 Penninsula Pointe #LOT?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 385 Penninsula Pointe #LOT.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 385 Penninsula Pointe #LOT?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $55,500. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Lynch Station, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 385 Penninsula Pointe #LOT?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 385 Penninsula Pointe #LOT at around $347. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 385 Penninsula Pointe #LOT?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Campbell County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 385 Penninsula Pointe #LOT?

In most cases, yes. Whether 385 Penninsula Pointe #LOT is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lynch Station's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 385 Penninsula Pointe #LOT?

We can handle that for you. Our preferred local agent specializes in lands in Lynch Station and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

385 Penninsula Pointe #LOT was listed on May 08, 2025, which means it's been on the market for 556 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

385 Penninsula Pointe #LOT sits on a 1.15-acre lot, which is 50,094 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Other - See Remarks
  • Middle: Other - See Remarks
  • High: Other - See Remarks

Want to see how these schools compare? Check out our Campbell County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 385 Penninsula Pointe #LOT?

The most recent public record shows annual property taxes for 385 Penninsula Pointe #LOT were approximately $371. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $531 paid annually.

Is 385 Penninsula Pointe #LOT still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data


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