Open House LogoIn-Person: 11/15 1:00 PM - 3:00 PM
$1,025,000
 $5,502 est/mo Sourced by Back At You

246 Lake Magnolia Way,Smithfield, NC 27577

Smithfield, NC 27577

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Description

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!

Details

MLS #10153152
Listing TypeFor Sale
StyleHouse
HOA Dues$1,900
Sub-TypeResale
StatusActive
Year2016
Days On Site243
Listing Provided ByChoice Residential Real Estate | Ashley Ledin Frost

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet4,597
Garage3
Story(s)2
ZoningRAG
Acreage2.91
Water FrontLake, Lake Privileges
Property ViewTrees, Woods

Interior

Interior FeaturesBookcases, 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
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air, Ceiling Fan(s), Humidity Control, Zoned
Fireplace FeaturesFamily Room, Wood Burning
Fireplaces Total1
Fireplace Yes / NoYes
Laundry FeaturesLaundry Room, Main Level
Rooms Total9

Exterior

Exterior FeaturesOutdoor Shower, Rain Gutters, Storage
RoofComposition, Metal, Shingle
Foundation DetailsCrawlspace
Lot FeaturesBack Yard, Front Yard, Landscaped, Many Trees, Wooded, Hardwood Trees, Partially Cleared, Boat Dock, Boat Ramp, Water Access Community, Waterfront Community, Beach Grassy, Beach Sandy
Waterfront FeaturesLake, Lake Privileges
Community FeaturesFishing, Gated, Lake, Playground
ViewTrees/Woods
Construction MaterialsHardi Plank Type, Stone
Security FeaturesGated Community, Secured Garage/Parking, Smoke Detector(s)
Patio And Porch FeaturesCovered, Deck, Front Porch, Screened

Parking

Attached Garage Yes / NoYes
Garage Yes / NoYes

Location

Association AmenitiesBoating, Boat Dock, Gated, Jogging Path, Playground, Stream Seasonal, Trail(s)
Community FeaturesFishing, Gated, Lake, Playground
Waterfront FeaturesLake, Lake Privileges

Utilities

UtilitiesCable Available, Electricity Connected, Phone Available, Water Connected, Septic Connected
SewerSeptic Tank

Taxes

Tax Assessed Value750540
Tax Legal Description1 Lake Magnolia 69/451 1663
Tax Year2025
Tax Map Number1

Other

Accessibility FeaturesNo

Area Information

StateNC
CountyJohnston
CitySmithfield
Zip Code27577
AreaJohnston
Community NameLake Magnolia
School DistrictJohnston - Cleveland High School
Elementary SchoolJohnston - West Smithfield Eleme
High SchoolJohnston - Cleveland High School
Listing VS Median (in Lake Magnolia)
Price:
$1,025,000
low | high
Med:
$887,250
63.439024390244% of Average
sqft:
4,597
low | high
Med:
3,790
67.554927126387% of Average
$ / sqft:
$223
low | high
Med:
$237
43.657122065689% of Average
On site:
243
low | high
Med:
206.5
100% of Average
Sourced by Back At You

Market Activity 27577

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Learn More About This Property

Open House
In-Person
11/15 1:00 PM - 3:00 PM
StateNC
CountyJohnston
CitySmithfield
Zip Code27577
AreaJohnston
Community NameLake Magnolia
School DistrictJohnston - Cleveland High School
Elementary SchoolJohnston - West Smithfield Eleme
High SchoolJohnston - Cleveland High School
Listing VS Median (in Lake Magnolia)
Price:
$1,025,000
low | high
Med:
$887,250
63.439024390244% of Average
sqft:
4,597
low | high
Med:
3,790
67.554927126387% of Average
$ / sqft:
$223
low | high
Med:
$237
43.657122065689% of Average
On site:
243
low | high
Med:
206.5
100% of Average
Sourced by Back At You
Listing Updated: November 15, 2026 at 12:00:16 AM PST