246 Lake Magnolia Way Smithfield, NC $ 1,099,000
246 Lake Magnolia Way
$ 1,099,000
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246 Lake Magnolia Way

Smithfield, NC, 27577
$ 1,099,000
Bedrooms4 Baths3.1 Sq 4,597

Monthly Estimate*

$ 7,591

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Single Family Home for sale in Smithfield, NC

for $1,099,000 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.

Welcome Home where refined living meets a true water driven lifestyle. Set on nearly three private acres within one of Smithfield's most exclusive lake communities, this custom-built estate offers a rare blend of luxury, recreation, and preserved natural surroundings. Centered around a premier water ski lake, this community was designed for those who crave life on the water. And here, access comes easy. The HOA provides a shared community boat, allowing you to fully enjoy water skiing along with boating, fishing, paddle boarding, wakeboarding, swimming, and tubing without the expense or upkeep of ownership. A sandy beach area invites laid-back afternoons by the water, while community amenities like volleyball, tetherball, and a playground create space for connection, activity, and fun for all ages. Beyond the lake, over 3 miles of scenic trails wind throughout the community perfect for morning walks or evening runs while breathtaking sunset views reflect across the water each night. Surrounded by HOA owned land, the setting offers a heightened sense of privacy, protection, and long-term tranquility that's increasingly hard to find. Inside, every detail reflects intentional design and elevated comfort. Expansive, light filled living spaces flow effortlessly into a gourmet kitchen built for gathering. Multiple primary suites provide flexibility for multigenerational living or hosting guests with ease. Advanced smart tech HVAC zoning, HRV systems, and energy efficient construction ensure year round comfort, performance, and peace of mind. Outdoors, the experience continues wide open space, natural beauty, and a sense of retreat without isolation all just minutes from downtown Smithfield and a convenient drive to Raleigh. This isn't just a home. It's a private retreat. It's a water ski lifestyle. It's the life you've been working toward.

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Single Family Active

Price

$ 1,099,000

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 Ceiling Fan(s) Central Air Humidity Control Zoned
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
Assoc Fee Paid Per Annually
County Johnston
New Construction false
Property Type Residential
Association Amenities Boat Dock Boating 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 Quartz Counters Smart Thermostat Smooth Ceilings Soaking Tub Storage Walk-In Closet(s) Walk-In Shower
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 Hardwood Trees Landscaped Many Trees Partially Cleared Wooded Beach Grassy Beach Sandy Boat Dock Boat Ramp Water Access Community Waterfront Community
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

$7,591
Per Month
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Monthly Principal & Interest
$7,591
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
8/28/2026$1,099,000 Listed Price

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246 Lake Magnolia Way, Smithfield, NC, 27577 is a Single Family Home for sale at $1,099,000 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