246 Lake Magnolia Way Smithfield, NC $ 1,025,000
246 Lake Magnolia Way
$ 1,025,000
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246 Lake Magnolia Way

Smithfield, NC, 27577
$ 1,025,000
Bedrooms4 Baths3.1 Sq 4,597

Monthly Estimate*

$ 7,079

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Single Family Home for sale in Smithfield, NC

for $1,025,000 with 4 bedrooms and 3 full baths, 1 half bath. This 4,597 square foot home was built in 2016 on a lot size of 2.91.

Nearly 3 Acres. Luxury Lakefront Living. Endless Possibilities. Welcome to 246 Lake Magnolia Way, where exceptional craftsmanship meets an extraordinary lake lifestyle. Nestled on 2.91 private acres in a gated Smithfield community, this custom-built estate offers approximately 4,597 square feet of thoughtfully designed living space, beautiful lake views, and room to create your dream backyard. Imagine a resort-style pool, additional garage, workshop, or outdoor entertaining oasis! With the septic drain field located on a separate dedicated lot, the possibilities are exciting, subject to applicable approvals. Enjoy water skiing, wakeboarding, tubing, fishing, paddleboarding, and swimming, plus access to the HOA's shared community boat. A sandy beach, playground, volleyball, and over three miles of scenic walking trails make every day feel like a vacation. Inside, discover spacious gathering areas, a gourmet kitchen, two luxurious primary suites, a dedicated media room, and a climate-controlled three-car garage. Premium construction, five-zone HVAC, and thoughtfully engineered comfort systems showcase the exceptional quality throughout. Private lakefront living, incredible recreational amenities, and room to make it your own—all just minutes from downtown Smithfield with convenient access to Raleigh. Experience a lifestyle that goes far beyond the ordinary. Schedule your private tour today!

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Single Family Active

Price

$ 1,025,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Farmhouse, Modern

Lot Size

2.91

Year Built

2016

Town/City

Smithfield

County/Region

Johnston

MLS | Web ID

10153152

Features
General
Sewer Septic Tank
Heating Fireplace(s) Heat Pump
Cooling Central Air Ceiling Fan(s) Humidity Control Zoned
Utilities Cable Available Electricity Connected Phone Available Water Connected Septic Connected
Roof Composition Metal Shingle
Appliances Bar Fridge Dishwasher Gas Oven Gas Range Stainless Steel Appliance(s) Tankless Water Heater Wine Cooler
Zoning RAG
HOA Fee 158.33
Garage Spaces 3
Association Fee Includes Maintenance Grounds Road Maintenance
Patio/Porch Features Covered Deck Front Porch Screened
Architectural Style Farmhouse Modern
Construction Materials HardiPlank Type Stone
Year Built 2016
View Trees/Woods
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Waterfront Features Lake Lake Privileges
Community Features Fishing Gated Lake Playground
Accessibility No
Assoc Fee Paid Per Annually
County Johnston
New Construction false
Property Type Residential
Association Amenities Boating Boat Dock Gated Jogging Path Playground Stream Seasonal Trail(s)
HOA true
Attached Garage true
Subdivision Name Lake Magnolia
Garage Y/N true
Other Structures Poultry Coop Shed(s) Storage
Total Rooms 9
Full Baths 3
Status Active
Directions Please use GPS
High School Johnston - Cleveland High School
City Smithfield
Body of Water Lake Magnolia
Senior Community Y/N false
Lot Size Units Acres
Lot Size Square Feet 126759
Elementary School Johnston - West Smithfield Elementary
Tax Annual Amount 4765.93
Middle/Junior High School Johnston - Smithfield Middle
Structure Type Site Built
Standard Status Active
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Interior
Interior Amenities Bookcases Ceiling Fan(s) Crown Molding Double Vanity Eat-in Kitchen High Ceilings Kitchen Island Pantry Primary Downstairs Smart Thermostat Soaking Tub Storage Walk-in Closet(s) Walk-in Shower Quartz Counters Smooth Ceilings
Flooring Carpet Ceramic Tile Wood
Total Fireplaces 1
Fireplace Features Family Room Wood Burning
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 4597
Half Baths 1
Laundry Features Laundry Room Main Level
Total Bedrooms 4
Below Grade Finished Area 0
Above Grade Finished Area Source Appraiser
Total Baths 4
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Exterior
Exterior Amenities Outdoor Shower Rain Gutters Storage
Lot Features Back Yard Front Yard Landscaped Many Trees Wooded Hardwood Trees Partially Cleared Boat Dock Boat Ramp Water Access Community Waterfront Community Beach Grassy Beach Sandy
Water Source Public
Lot Size Area 2.91
Foundation Details Crawlspace
Building Area Total 4597
Lot Size Acres 2.91
Road Surface Type Asphalt
Waterfront Y/N true
Road Frontage Type Private Road
Horse Y/N false
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* Excluded Features
List By
Ashley Ledin Frost

Listing Agent

Choice Residential Real Estate

Broker

ashley@ashleyfrostrealty.com

Email

Affordability Calculator

$7,079
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,079
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Johnston - Cleveland High School High School High School
Pricing History
DatePricePrice ChangeDescription
11/1/2026$1,025,000 -3.67% Price Down
10/20/2026$1,064,000 -3.18% Price Down
10/16/2026$1,099,000 3.29% Price Up
10/16/2026$1,064,000 -3.18% Price Down
8/28/2026$1,099,000 Listed Price

Map


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246 Lake Magnolia Way, Smithfield, NC, 27577 is a Single Family Home for sale at $1,025,000 with 4,597 sqft and a lot size of 2.91. 246 Lake Magnolia Way has 4 bedrooms, 3.1 baths, and was built in 2016. The property's zip code is 27577 which is in Smithfield, NC