A Rare Smith Mountain Lake Offering! Rarely does a Smith Mountain Lake property offer this level of flexibility. More than just a waterfront home, 114 Pleasure Point Drive presents an extraordinary opportunity for multigenerational living, a private family compound, or possibility of owner-occupied living with income potential. Situated on approximately 2.6 acres with over 100 feet of private Smith Mountain Lake shoreline, this one-of-a-kind property features three independent living spaces, four full kitchens, three laundry areas, two oversized garages, a heated indoor saltwater pool, private dock with two boat slips and electric hoists, and the timeless charm of a home dating back in part to 1912. The thoughtfully expanded, triple-zoned main residence offers over 3,100 finished square feet, blending historic character with modern conveniences. Featuring 4 bedrooms, 3 full baths, a spacious formal dining room, family room with gas log fireplace, and an updated kitchen complete with stainless steel appliances, gas cooking, abundant cabinetry, and a charming wood-burning fireplace. Six fireplaces are located throughout the home, including four that have been closed off but could potentially be reopened. Gorgeous hardwood flooring flows throughout the home. Relax in the tiled sunroom with mini-split, screened porch, or upstairs primary suite featuring a private balcony overlooking the pool house with seasonal lake views. A second staircase leads to an additional bedroom perfect for guests or private office. Added around 2010, the impressive 53' x 27' pool house features a heated saltwater pool, full bath, storage room, and recently replaced liner and cover. The oversized White Garage was designed for entertaining with a full kitchen and laundry area on the main level, creating the ultimate gathering space for pool parties and family events. Upstairs, a charming 1-bedroom suite features a full kitchen, gas log fireplace, while its dedicated laundry area is conveniently located on the garage's main level. Yes-this detached building features two full kitchens and a laundry area. The iconic Red Garage provides parking for 3-4 vehicles with a separate 1-bedroom suite above complete with a full kitchen and dedicated laundry area on the garage's main level. In the rear yard there's an 11' x 15' workshop/storage shed with electricity. Down the hillside path leads to your private waterfront retreat. While walkable, the current owners enjoy using their Kubota utility vehicle to transport supplies to the lake. There you'll find over 100 feet of shoreline, a spacious lakeside party deck, private dock with two boat slips equipped with electric hoists, and a lakeside storage shed. Additional highlights include a 120-panel solar system (circa 2014), heated saltwater pool, two garages, multiple storage buildings, four full kitchens, three laundry areas, and exceptional flexibility for extended family, guests, or owner-occupied income potential. The sellers have lovingly maintained this exceptional property but are ready to downsize. While the main residence roof and one detached garage roof may be nearing the end of their useful life, there are no known leaks or performance concerns. Sellers may consider a credit toward future replacement costs with a full-price offer. Septic is 1989 per county record. Mechanical systems have been regularly maintained and remain fully operational. Please note that Upper Level 3 and Upper Level 4 are referring to the garage suites. Property is being sold as is. Inspections are welcome for informational purposes only; Seller will make no repairs. Designed for entertaining, built for generations, and offering unmatched flexibility, 114 Pleasure Point Drive is more than a home.. it's a Smith Mountain Lake legacy. WELCOME HOME!