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Land with Home for Sale in Smithfield, North Carolina

246 Lake Magnolia Way, Smithfield, NC 27577

$1,145,000
3 acres
Active sale
Est $5,905/mo

Welcome to 246 Lake Magnolia Way, where everyday life feels like a getaway. Set on nearly three private acres in one of Smithfield's most scenic lake communities, this custom-built estate offers more than luxury living, it offers a lifestyle most only experience on vacation. Here, you don't even need to own a boat to enjoy the water. The HOA provides access to a shared community boat, along with opportunities to fish, paddle board, wakeboard, swim, or tube all without the expense or upkeep of ownership. Beyond the water, expansive walking trails invite morning strolls and evening jogs, while breathtaking sunset views reflect across the lake each night. Inside, intentional design meets elevated comfort. Light filled living spaces, a gourmet kitchen built for gathering, and multiple primary suites offer flexibility for multigenerational living or extended guests. Advanced HVAC zoning, HRV systems, and energy efficient construction ensures year-round performance and comfort. Outside, you'll find space to breathe, privacy without isolation, and views that shift beautifully with the light all just minutes from downtown Smithfield and a convenient drive to Raleigh. This isn't just a lake home. It's access. It's recreation. It's the lifestyle you've been working toward.

4,597
Sq feet
4
Beds
3
Full baths
1
1/2 bath
2016
Built

Location

Street address
246 Lake Magnolia Way
Community
Lake Magnolia
Elevation
146 feet
Coordinates
35.5117, -78.4383

Property details

Acreage
2.91 acres
Zoning
RAG
MLS #
DMLS 10153152
Posted

Property taxes

2025
$4,766

Expenses

Homeowner Association Fee
$1,900 annually

Parcels

  • 15H08002G

Legal description

Open houses

DateBeginsEndsAppt neededRemarks
Apr 24, 20265:30 PM7:30 PMNo

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Waterfront
Lake
Features
Back Yard, Front Yard, Hardwood Trees, Landscaped, Many Trees, Partially Cleared, Wooded

Exterior

Pool
Deck, Porch
Structures
Poultry Coop, Storage
Features
Outdoor Shower, Rain Gutters

Structure

Style
Modern
Stories
2
Water
Public
Sewer
Septic Tank
Heating
Fireplace(s), Heat Pump
Cooling
Ceiling Fan(s), Central Air, Humidity Control, Zoned
Materials
Hardi Plank Type, Stone
Roof
Composition, Metal, Shingle

Interior

Room Count
9
Rooms
Bathroom x 4, Bedroom x 4, Den, Dining Room, Family Room, Laundry Room
Flooring
Carpet, Ceramic Tile, Wood
Fireplaces
Yes
Appliances
Bar Fridge, Dishwasher, Gas Oven, Gas Range, Stainless Steel Appliance(s), Tankless Water Heater, Wine Cooler
Features
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, Walk-In Closet(s), Walk-In Shower

Nearby schools

NameType
Johnston - W SmithfieldElementary
Johnston - SmithfieldMiddle
Johnston - ClevelandHigh

Listing history

DateEventPriceChangeSource
Mar 2, 2026Price drop$1,145,000$5,000 -0.4%DMLS
Jan 2, 2026New listing$1,150,000DMLS
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This 2.91-acre property is located at 246 Lake Magnolia Way in Smithfield, NC 27577. The property is available for sale for $1,145,000. It has a 4,597 sq ft 4 bedroom, 3 bath house built in 2016.

Checked 2 hours ago — Updated

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