
Land with Home for Sale in Smithfield, North Carolina
246 Lake Magnolia Way, Smithfield, NC 27577
Seller offering concessions, up to 10K, at closing for buyer(s) to use towards closing costs or rate buy downs with approved/accepted offer 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.
Location
- Street address
- 246 Lake Magnolia Way
- County
- Johnston County
- Community
- Lake Magnolia
- Elevation
- 146 feet
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
1 Lake Magnolia 69/451 1663
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, Tile-Ceramic, 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
| Name | Type |
|---|---|
| Johnston - W Smithfield | Elementary |
| Johnston - Smithfield | Middle |
| Johnston - Cleveland | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 2, 2026 | Price drop | $1,145,000 | $5,000 -0.4% | DMLS |
| Jan 2, 2026 | New listing | $1,150,000 | — | DMLS |







































































