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Land with Home for Sale in Smithfield, North Carolina

742 Lake Magnolia Way, Smithfield, NC 27577

$774,950
1.79 acres
Active
ago
Est $4,046/mo

DISCOVER LAKE MAGNOLIA - A PRIVATE GATED LAKE COMMUNITY - Nestled on a spacious corner lot at the end of a private street, you'll find this beautifully crafted Four-bedroom, Three- bath home. Modern style meets bold design with its contemporary black framed windows and dark exterior color palette. The natural wood accents on the covered front porch creates a balanced and inviting look. Inside you'll find a bright open concept floor plan. The seamless flow into the main living areas and separate dining room creates an ideal setting for everyday living and entertaining. Walls of windows fill the home with natural light and timeless touches like hardwood floors and a stone surround gas log fireplace enhance the home's style. The gourmet kitchen is a true centerpiece, featuring high-end finishes with striking quartz countertops, an expansive island provides space for meal prep or casual dining. White subway tile reflects the light and adds texture. Built-in appliances, a deep basin Stainless Steel farm sink, a five-burner gas cooktop and walk-in pantry aid in kitchen functionality. On the main floor the primary suite offers a private retreat overlooking the back yard and wooded backdrop. The ensuite bathroom has a large walk-in shower, dual walk-in closets, providing personalized space. An additional main floor bedroom and bath provide flexibility for guests or multigenerational living. This flexible plan also offers a dedicated main level office! Upstairs you'll find a bright loft with endless solutions for your lifestyle needs. Two additional spacious bedrooms, one with its own ensuite bathroom. Enhanced LVP provides a durable and quieter flooring solution. In addition is a large storage room. All bedrooms in the home have walk-in closets. Outside the covered back porch offers a retreat for all seasons. The Three- Car garage offers ample parking space and recreational gear storage. This Lakeside community is paired with scenic trails winding around the lake and often alongside a tranquil creek. One of the community's standout features is the power boat provided by the HOA. Whether you enjoy boating, kayaking, fishing...or just a peaceful stroll around the lake, you'll enjoy the natural beauty and recreation this community offers.

2,982
Sq feet
4
Beds
3
Full baths
2023
Built

Location

Street address
742 Lake Magnolia Way
Community
Lake Magnolia
Elevation
149 feet
Coordinates
35.5142, -78.4453

Property details

Acreage
1.79 acres
MLS #
DMLS 10152861
Posted

Property taxes

2026
$3,763

Expenses

Home Owner Assessments Fee
$1,900 annually

Parcels

  • 15H08002V

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Back Yard, Corner Lot, Cul-De-Sac, Hardwood Trees, Landscaped, Partially Cleared, Private

Exterior

Parking
Garage
Fencing
Fenced
Pool
Porch
Features
Fenced Yard, Private Yard

Structure

Stories
2
Water
Public
Sewer
Septic Tank
Heating
Central, Electric, Forced Air
Cooling
Central Air, Heat Pump
Materials
Board & Batten Siding, Fiber Cement, Stone
Roof
Shingle

Interior

Room Count
10
Rooms
Bathroom x 3, Bedroom x 4, Dining Room, Family Room, Laundry Room
Flooring
Ceramic Tile, Hardwood, Vinyl
Fireplaces
Yes
Appliances
Built-In Electric Oven, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Stainless Steel Appliance(s), Tankless Water Heater, Wall Oven
Features
Double Vanity, Dual Closets, Entrance Foyer, High Ceilings, Kitchen Island, Living/Dining Room Combination, Open Floorplan, Pantry, Primary Downstairs, Quartz Counters, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower

Nearby schools

NameType
Johnston - W SmithfieldElementary
Johnston - Swift CreekMiddle
Johnston - ClevelandHigh

Listing history

DateEventPriceChangeSource
Mar 14, 2026New listing$774,950DMLS
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This 1.79-acre property is located at 742 Lake Magnolia Way in Smithfield, NC 27577. The property is available for sale for $774,950. It has a 2,982 sq ft 4 bedroom, 3 bath house built in 2023.

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