$50K BELOW APPRAISED VALUE! If you have been waiting for the right time to build your waterfront dream at Smith Mountain Lake, stop dreaming, the time is right now! This beautiful, private 1.97 acre wooded waterfront parcel with flowing natural spring and boathouse/dock in the prestigious Water's Edge Country Club is ON SALE at more than $50K BELOW APPRAISED VALUE. There are two potential building sites, one level - one perfect for a walkout, on a peaceful, wide, deep water cove. Impeccably maintained 1500 sq. ft. boathouse/dock with shore power and heavy duty lift by Turner Dock Builders valued at $65K. Protective covenants! Active Club membership!