Smith Mountain Lake housing community Mariners Landing in Bedford County has new owners, Mariners Landing Development Co. LLC announced Thursday. 

Waller S. Perrow III of Mariners Landing Development Co. LLC did not disclose financial terms for the May sale, saying it was contractually protected.

Commercial real estate developers Perrow and Tom Branch purchased the 1,000-acre property and have invested in renovations and an all-inclusive program. Alta-Drew Investments owned Mariners Landing Country Club, and the estate of John White owned the remaining development, Perrow said in a statement.

In 1999, White purchased the property, which was originally called Deerwood Pointe. Lewis Clark, Robert Trent Jones Sr. and Joe Sonderman designed the resort, which includes single-family homes, townhomes, condos, rental properties, a conference center, restaurants and an 18-hole golf course with clubhouse. Pools, beaches, fishing piers and boat slips are also available at the property.

“Tom and I are thrilled to acquire this incredible development and work toward enhancing the facilities, uniting the community, and bringing the property under professional management,” Perrow said in a statement. “We’re off to a great start and making significant strides with landscaping improvements, restoring the beaches, renovating docks and pools, and revitalizing the golf course.”

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