115 Retirement Drive Hardy, VA

  • Independent Living

  • Assisted Living

  • Memory Support

The Cottages


The Cottages by Runk & Pratt is a Smith Mountain Lake Retirement Village where your ideal retirement becomes a reality. Located in Hardy, VA, The Cottages first opened in 2008 and has been a growing community ever since. With our beautiful, custom built cottages you can enjoy the ease of single story living, enhanced by a host of amenities, both aesthetic and practical. Resting on picturesque grounds near Smith Mountain Lake, The Cottages allow you to truly enjoy the activities at the lake. Golf, boating, tennis, and swimming are all within minutes of our convenient location at the lake!

Community Overview

  • You own your deeded property

  • Custom-built cottage

  • You choose the floor plan and design

  • 25-acre neighborhood with walking trails

  • Nearby public access to Smith Mountain Lake

  • Basic maintenance provided

  • Landscaping, street cleanup, and snow removal

  • Local access to Westlake Towne Center

  • Huge variety of activities and outings

  • Nearby Carilion Wellness Center

  • On-site physician at the neighboring Runk & Pratt Senior Living Community

  • Ability to age in place, with assisted living care just across the road at Runk & Pratt

  • Dietician Meal plans

Classic, Contemporary Design

The Cottages have a designer layout that allows for a large great room with soaring cathedral ceilings, as well as nine-foot ceilings throughout the home. Storage space is abundant, with a walk-in closet in the master suite. This design lets you enjoy every day life with a sense of freedom to entertain with pride. With options for open concept floor plans, additional finished spaced, and your choice of finishes throughout, you can be sure to have a home that fits your style and comforts. Layouts include an entry foyer, two bedrooms, two full baths, large open kitchen, formal dining area, great room with fireplace, patio with privacy fencing, laundry room, and single or double garage with an electric garage door and pull down attic storage.

The Victoria

1856 sq ft House | 456 sq ft Garage

Life at the Lake

The Cottages are located just five minutes from Smith Mountain Lake, which is known as “The Jewel of the Blue Ridge Mountains.” With 500 miles of shoreline, the lake is host to many water activities such as power boating, canoeing, sailing, parasailing, swimming, fishing, water skiing, wake boarding, and jet skiing. SML’s lakefront includes six free public boat launching sites, plus land boat rentals at more than a dozen marinas. Off-water you can enjoy local golf courses, hiking trails, picnicking, camping, hunting, antiquing, shopping, and any of the dozens of restaurants with everything from pizza to gourmet five-star cuisine.

Advantages of Purchasing a Cottage

By far the biggest benefit you gain by purchasing a Cottage at Runk & Pratt Smith Mt Lake is the long term asset protection by purchasing your own deeded property, which you fully own and stays within your estate for your retirement planning and estate planning. When buying into a “Life Care Community” or Continuing Care Retirement Community (CRCC), you never own your property. Instead, it remains a contractual lease obligation accompanied with a large up front entrance fee, as well as monthly service fees. Below is a breakdown of the key differences in the CCRC model versus the Runk & Pratt model of purchasing your Cottage as an asset you always own, and only paying for care if and when you need it.

Runk & Pratt Model

  • No Entrance Fee

  • You Own Your Cottage
    Just like if you own your current home, your Cottage always stays in your estate and the asset continues to build equity.

  • No Service Fees
    At Runk & Pratt, we won’t charge you any healthcare service fees until you need them. Your live in your Cottage and remain completely independent as long as possible. Fees will apply at the current service costs when they are needed.
  • Option to Lease
    You have the option to purchase and lease your Cottage until you need it yourself, which potentially means a return on your investment. Leasing must be approved by Runk & Pratt.

Continuing Care Model

  • Large Entrance Fee

  • No Ownership
    Rental Only

  • Monthly Service Fees

  • No Leasing Option

Runk & Pratt Smith Mt Lake cottage residents enjoy an included membership to Carilion Wellness at West Lake.


Carilion Wellness

Runk & Pratt has partnered with Carilion Wellness to open a brand new Wellness Center just down the street from the Smith Mountain Lake Retirement Community! This incredible facility boasts cardio and strength-training exercise equipment, an indoor pool for aerobics and lap swimming, a warm-water therapy pool with group exercise classes, a hot tub, six outdoor pickleball courts, a virtual golf simulator, and the Vitality Café, a healthy dining option that is open to the public.

Ready to Begin Living Your Ideal Retirement at the Lake?

Contact us for pricing and availability, to schedule a tour, or for any questions or inquiries. Call (540) 719-1300, email [email protected], or click the button below to use our inquiry form.