Price Reduction - Waterfront
Address
246 Lake Magnolia Way, Smithfield, NC
Price
$ 1,025,000
Property Attributes
- MLS#10153152
- TypeSingle Family
- Listing Status Active
- CountyJohnston
- CitySmithfield
- NeighborhoodLake Magnolia
- Zip27577
- StyleFarmhouse, Modern
- Year Built2016
- Price$ 1,025,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage4597
- Lot Size2.91 Acres
Data Source:
Triangle MLS (TMLS)
Property 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!
| Elementary School | Middle School | High School |
|---|---|---|
| Johnston - West Smithfield Elementary Elementary School | Johnston - Smithfield Middle Middle School | Johnston - Cleveland High School High School |
| Price History | |
|---|---|
| 8/28/2026 | Listed $1,099,000 |
| 10/16/2026 | 3$1,064,000 |
| 10/16/2026 | 3$1,099,000 |
| 10/20/2026 | 3$1,064,000 |
| 11/1/2026 | 4$1,025,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Fireplace(s),Heat Pump |
| Cooling | Central Air,Ceiling Fan(s),Humidity Control,Zoned |
| Utilities | Cable Available,Electricity Connected,Phone Available,Water Connected,Septic Connected |
| Roof | Composition,Metal,Shingle |
| Appliances | Bar Fridge,Dishwasher,Gas Oven,Gas Range,Stainless Steel Appliance(s),Tankless Water Heater,Wine Cooler |
| Zoning | RAG |
| HOA Fee | 158.33 |
| Garage Spaces | 3 |
| Association Fee Includes | Maintenance Grounds,Road Maintenance |
| Patio/Porch Features | Covered,Deck,Front Porch,Screened |
| Architectural Style | Farmhouse,Modern |
| Construction Materials | HardiPlank Type,Stone |
| Year Built | 2016 |
| View | Trees/Woods |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Waterfront Features | Lake,Lake Privileges |
| Community Features | Fishing,Gated,Lake,Playground |
| Accessibility | No |
| Assoc Fee Paid Per | Annually |
| County | Johnston |
| New Construction | false |
| Property Type | Residential |
| Association Amenities | Boating,Boat Dock,Gated,Jogging Path,Playground,Stream Seasonal,Trail(s) |
| HOA | true |
| Attached Garage | true |
| Subdivision Name | Lake Magnolia |
| Garage Y/N | true |
| Other Structures | Poultry Coop,Shed(s),Storage |
| Total Rooms | 9 |
| Full Baths | 3 |
| Status | Active |
| Directions | Please use GPS |
| High School | Johnston - Cleveland High School |
| City | Smithfield |
| Body of Water | Lake Magnolia |
| Senior Community Y/N | false |
| Lot Size Units | Acres |
| Lot Size Square Feet | 126759 |
| Elementary School | Johnston - West Smithfield Elementary |
| Tax Annual Amount | 4765.93 |
| Middle/Junior High School | Johnston - Smithfield Middle |
| Structure Type | Site Built |
| Standard Status | Active |
Interior Features
| Interior Amenities | Bookcases,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 |
|---|---|
| Flooring | Carpet,Ceramic Tile,Wood |
| Total Fireplaces | 1 |
| Fireplace Features | Family Room,Wood Burning |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Above Grade Finished Area | 4597 |
| Half Baths | 1 |
| Laundry Features | Laundry Room,Main Level |
| Total Bedrooms | 4 |
| Above Grade Finished Area Source | Appraiser |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Outdoor Shower,Rain Gutters,Storage |
|---|---|
| Lot Features | Back Yard,Front Yard,Landscaped,Many Trees,Wooded,Hardwood Trees,Partially Cleared,Boat Dock,Boat Ramp,Water Access Community,Waterfront Community,Beach Grassy,Beach Sandy |
| Water Source | Public |
| Lot Size Area | 2.91 |
| Foundation Details | Crawlspace |
| Building Area Total | 4597 |
| Lot Size Acres | 2.91 |
| Road Surface Type | Asphalt |
| Waterfront Y/N | true |
| Road Frontage Type | Private Road |
| Horse Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 27577
Price
Year Built
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