Skip to main contentSkip to navigation
1 / 72

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

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.

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

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

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
Subscribe to listing updates

Payment calculator

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.

Listed by Choice Residential Real Estate, (919) 280-3646

Checked 2 hours agoUpdated Source

Report listing issue

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact