US Golf Living

The Waterfront Country Club vs. The Water's Edge Country Club: Smith Mountain Lake's Two Flagship Golf Clubs

The Waterfront Country Club (Moneta) and The Water's Edge Country Club (Penhook) sit on opposite arms of Smith Mountain Lake and are easy to conflate by name alone. Both are genuine private golf clubs anchoring substantial residential communities, but they differ meaningfully in age, ownership, membership access, and amenities.

Side by Side

How They Compare

Year established

The Waterfront Country Club

1981 (holes 1-8, 18); back nine added 1984 -- the oldest club at Smith Mountain Lake.

The Water's Edge Country Club

1988.

Course architect

The Waterfront Country Club

George Dillon (Fazio Group).

The Water's Edge Country Club

R.F. Loving Jr.; renovated 2007 by Richard Mandell.

Current operator

The Waterfront Country Club

Independently branded (thewaterfrontcc.com).

The Water's Edge Country Club

A McConnell Golf property (since late 2020/early 2021) -- same operator as Tennessee's Holston Hills and Fox Den Country Clubs.

Membership access nuance

The Waterfront Country Club

Private, application-based; explicitly open to Smith Mountain Lake residents living outside the Waterfront community, not just Waterfront homeowners.

The Water's Edge Country Club

Private, members-only; whether homeownership in the surrounding community includes/requires/merely allows membership was not confirmed this research pass.

Community size / shoreline

The Waterfront Country Club

750 acres, 8.5 miles of shoreline.

The Water's Edge Country Club

712 acres, 13.5 miles of shoreline.

Distinguishing non-golf amenity

The Waterfront Country Club

22,000 sq ft clubhouse with fitness center, pro shop, lounge.

The Water's Edge Country Club

36,000 sq ft clubhouse plus a 36-acre equestrian center, tennis, and a junior Olympic pool.

Reported entry home price

The Waterfront Country Club

Low $120,000s (condos/townhomes); $320,000s+ (single-family).

The Water's Edge Country Club

Not confirmed with a sourced current range this research pass.

Age, Design, and Ownership

The Waterfront is the older of the two by seven years: its front eight holes and 18th opened in 1981 (with the back nine added in 1984), designed by George Dillon of the Fazio Group, making it the oldest operating club at Smith Mountain Lake. It remains independently branded (thewaterfrontcc.com). The Water's Edge opened in 1988, designed by R.F. Loving Jr. and renovated in 2007 by Richard Mandell, and has operated since late 2020/early 2021 as a McConnell Golf property -- part of the same North Carolina-based multi-club operator that owns Tennessee's already-published Holston Hills Country Club and Fox Den Country Club (both Knoxville). For a buyer who values reciprocal access to a wider network of private clubs across multiple states, that ownership difference is a real, practical distinction, not a marketing footnote.

How Membership Actually Works

The Waterfront's access model is well-documented and has a specific, buyer-relevant nuance: golf requires a real application, initiation fee, and prorated dues, but that application path is open to any Smith Mountain Lake resident, not restricted to Waterfront homeowners -- and, in the other direction, buying a home in The Waterfront does not itself include or require club membership. The Water's Edge is also a private, members-only club, but this research could not confirm this session whether homeownership in its surrounding 712-acre community includes, requires, or merely allows applying for membership -- a genuine, honestly-flagged open item rather than an assumed answer.

Community Scale and Amenities

The Waterfront's community spans 750 acres and 8.5 miles of shoreline with condos, townhomes, and single-family homes from the low $120,000s. The Water's Edge's community is larger at 712 acres with 13.5 miles of shoreline and a broader housing mix (waterfront homes, townhomes, condos, and golf-course homes), plus a distinguishing 36-acre equestrian center that The Waterfront does not have. The Waterfront's clubhouse (22,000 sq ft, recently renovated) centers on a fitness center, pro shop, and lounge; The Water's Edge's larger 36,000-sq-ft clubhouse adds a junior Olympic pool, tennis courts, and multiple dining rooms alongside the equestrian center.

What This Means for Your Search

A buyer drawn to the lake's original, longest-tenured golf community, with a membership path that stays open even if they end up buying outside the immediate neighborhood, fits The Waterfront's profile. A buyer who wants a larger community with a broader amenity mix (equestrian, pool, tennis) and values being part of a multi-club, cross-state reciprocal network fits The Water's Edge's profile better -- though should independently confirm the still-open question of exactly how club access connects to home purchase there. Neither club publishes current initiation-fee or dues figures online; confirm directly with each club before budgeting, and do not assume the two work identically just because their names, settings, and buyer profiles are so similar.

Trying to Choose Between The Waterfront Country Club and The Water's Edge Country Club?

A local real-estate specialist can walk you through the tradeoffs and current availability at each.

US Golf Living provides independent real-estate research and can connect consumers with real-estate professionals. Golf membership, availability, fees and approval are determined independently by the applicable club.