246 Lake Magnolia Way, Smithfield, NC 27577

$1,064,000
4
BD
4
BA
4,597
SqFt

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Seller Representative Choice Residential Real Estate

List Price
$1,064,000
Price Change
▼ $35,000 1792200344
Status
ACTIVE
MLS#
10153152
Bedrooms
4
Bathrooms
4
Full-baths
3
Half-baths
1
Living Area
4,597
Lot Size
126,759
Subdivision
Lake Magnolia
Year Built
2016
Acres
2.91

Property Description

Nearly 3 Acres. Private Lakefront Living. Room to Create Your Dream Backyard. An Extraordinary Lifestyle Awaits. Welcome to 246 Lake Magnolia Way, where luxury, privacy, and adventure come together in one remarkable property. Nestled on 2.91 acres within a gated Smithfield lake community, this exceptional custom-built estate offers something increasingly difficult to find: expansive living, premium craftsmanship, outstanding recreational amenities, and the freedom to make the property truly your own. Imagine your own resort-style pool, additional garage or workshop, and spectacular outdoor entertaining space! With the septic drain field located on a separate dedicated septic lot, the nearly three-acre homesite offers exciting possibilities for future improvements, subject to applicable approvals. Whether you envision a sparkling pool, space for your automotive collection, or your own private backyard oasis, the opportunity to customize your lifestyle is exceptional. And then there's the lake! Experience a community centered around a premier water ski lake, where recreation is part of everyday life. Enjoy access to the HOA's shared community boat for water skiing and other permitted lake activities, including wakeboarding and tubing. Fishing, paddleboarding, swimming, and relaxing at the sandy beach offer even more ways to enjoy the water. Volleyball, tetherball, a playground, and over three miles of scenic walking trails bring additional opportunities for recreation and connection. With surrounding HOA-owned land and breathtaking lake sunsets, this private setting feels like a retreat from the everyday. Inside, approximately 4,597 square feet of thoughtfully designed living space deliver comfort, elegance, and functionality. Sun-filled interiors, generous gathering spaces, and a gourmet kitchen create the perfect setting for entertaining. Two spacious primary suites, including one on the main level, offer incredible flexibility for multigenerational living, extended guests, or anyone seeking additional privacy. Enjoy your own dedicated media room, an exceptional three-car garage with heating, cooling, and high ceilings, and impressive construction features throughout. Five-zone HVAC, heat recovery ventilation systems, energy-efficient construction, and carefully considered insulation reflect the quality and attention to detail behind this extraordinary home. Privacy without sacrificing convenience! Enjoy the peaceful setting of Lake Magnolia while remaining close to downtown Smithfield, with convenient access to Downtown Raleigh, Raleigh-Durham International Airport (RDU), and Johnston Regional Airport. Whether commuting, traveling, or enjoying everything the Triangle has to offer, this location connects your private retreat to the places that matter. This is more than a home. It's lake life, luxury living, and room to grow—all in one extraordinary property. Schedule your private showing and experience it for yourself!

Additional Information

Hoa Fee Includes
Maintenance Grounds, Road Maintenance
Style
Farmhouse, Modernist
Foundation
Crawl Space
Interior Features
Bookcases, Ceiling Fans, 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/Quartzite Counters, Smooth Ceilings
Exterior Features
Outdoor Shower, Rain Gutters, Storage
Elementary School
Johnston - West Smithfield Elementary
Middle School
Johnston - Smithfield Middle
High School
Johnston - Cleveland High School
Garage Spaces
3
Water
Public
Flooring
Carpet, Tile, Wood
Roof
Composition, Metal, Shingle
Heating
Fireplace, Heat Pump

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .