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Farm or Ranch for sale by owner in Penhook, VA 24137. SMITH MOUNTAIN LAKE HORSE FARM This is a gorgeous, turnkey horse farm with a charming 3 to 4 BR Depression-era farmhouse with new heat and AC, new well, new roof, new windows, updated electric, updated septic, refinished hardwood floors, wool carpet, and a new woodstove for cozy winter ... more.