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$1,150,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 4,597 Sq. Ft.
  • 2.91 Acres
  • 3 Car Garage
  • Updated 7 days ago
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Discover a rare lakeside retreat on 2.91 private acres at 246 Lake Magnolia Way in Smithfield where high‑performance construction meets everyday comfort. Built with intention and efficiency, this home features 2x6 exterior walls for superior insulation and sound reduction, two spacious primary suites (one on the main level), and a five‑zone HVAC system with insulated interior walls for optimal temperature and noise control. The tightly sealed structure includes two HRV systems that provide continuous fresh air and humidity management. Enjoy lake views from the large screened in deck or explore wooded walking trails that begin near the back of the property. The media room includes its own mini‑split, remote controlled projector and screen, and a removable theater platform. The heated and cooled garage offers 13‑ft ceilings, high‑lift doors (car‑lift ready), 120V & 240V outlets, and extensive French cleat storage. Additional features include a conditioned crawl space with concrete slab, generator‑ready setup with whole‑house breaker, and an Isokern wood‑burning fireplace with Green Tech catalytic combustor capable of heating much of the home. HUGE BONUS: HOA fee includes use of the community boat that is upgraded every few years. A rare opportunity for private, efficient, lakeside living.

Full Property Details for 246 Lake Magnolia Wy

General

  • Price: $1,150,000
  • HOA FEE: $158/month
  • HOA FEE FREQ.: Annually
  • Taxes: $4,765
  • Status: Active
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10138891
  • Updated: 1/10/2026
  • Added to Site: 15 day(s) ago

Interior

  • Number of Rooms: 9
  • Interior Features: Ceiling Fan(s), Chandelier, Crown Molding, Granite Counters, High Ceilings, Kitchen Island, Kitchen/Dining Room Combination, Living/Dining Room Combination, Natural Woodwork, Open Floorplan, Pantry, Recessed Lighting, Separate Shower, Soaking Tub, Walk-In Closet(s), Walk-In Shower
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room, Wood Burning, See Remarks
  • Appliances: Bar Fridge, Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Range Hood, Stainless Steel Appliance(s), Tankless Water Heater, Wine Cooler
  • Flooring: Carpet, Ceramic Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Laundry Room, Main Level

Additional Information

  • Shared Amenities: Boat Dock, Boating, Gated, Jogging Path, Powered Boats Allowed, Trail(s)

Exterior

  • Exterior Features: Outdoor Shower, Rain Gutters, Storage
  • Porch/Patio/Deck: Covered, Deck, Front Porch, Screened

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 3

Location

  • County: Johnston
  • Subdivision: Lake Magnolia
  • Driving Directions: From Raleigh: Take I‑40 East toward Benson/Wilmington. Take Exit 319 NC 210 Turn left onto NC 210 East. Continue on NC 210 for about 4 miles. Turn left onto Lake Magnolia Way Turn right to continue on Lake Magnolia Way (first road on your right)
  • City Limits: Yes

School Information

  • Elementary School: Johnston - W Smithfield
  • Middle School: Johnston - Smithfield
  • High School: Johnston - Cleveland

Community

  • Association: Yes
  • Assoc. Fees Include: Road Maintenance

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air, Humidity Control, Zoned
  • Heating Type: Heat Pump

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: Cable Available, Cable Connected, Electricity Connected, Phone Available, Septic Connected, Water Connected, Propane

Structural Information

  • Architectural Style: Farmhouse, Modern
  • Structure Type: Site Built
  • Exterior Const.: HardiPlank Type, Stone
  • Roof: Composition, Metal, Shingle
  • Stories/Levels: 2
  • Building Size: 4597
  • Square Feet: 4,597
  • Sq. Ft. Source: Appraiser
  • Finished Above Grnd: 4,597 Sq. Ft.
  • Year Built: 2016

Additional Structures

  • Other Structures: Poultry Coop, Shed(s)

Lot Features

  • Lot Size (Acres): 2.91
  • Lot Size (Sq. Ft.): 126,759.6
  • Frontage: Private Road
  • Street/Road Desc.: Asphalt
  • Lot Features: Back Yard, Hardwood Trees, Landscaped, Partially Cleared, Private, Waterfront, Wooded
  • Zoning: RAG

Water Features

  • Water Front: Yes
  • Water Front Name: Lake Magnolia
  • Water Front View: Lake, Lake Privileges

Financial Considerations

  • Association Fee: $1,900
  • Assoc Fee Freq.: Annually
  • Tax Amount: $4,765.93

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 15H08002G
  • Lot Number: 1

Listed by Real Broker, LLC, Ashley Ledin Frost (480) 745-4237

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Listing agent

— 246 Lake Magnolia Wy —

  • Ashley Ledin Frost

    Real Broker, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 246 Lake Magnolia Wy

School District:Johnston County Schools
NameGradesDistance
West Smithfield Elementary
2665 Galilee Road, Smithfield, NC 27577
K-51.9 mi
Swift Creek Middle
325 Norris Road, Clayton, NC 27520
6-84.8 mi
Cleveland High School
1892 Polenta Road, Clayton, NC 27520
9-124.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 246 Lake Magnolia Wy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/02/2026
Listed
$1,150,000
557.14%
MLS
7/14/2010
Sold
$175,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 246 Lake Magnolia Wy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,766
7%
$750,540
37%
2024
$4,442
2%
$548,420
—
2023
$4,360
-5%
$548,420
—
2022
$4,579
3%
$548,420
—
2021
$4,442
-4%
$548,420
—
2020
$4,607
—
$548,420
—
2019
$4,607
—
$548,420
2%
2018
$4,628
—
$538,120
—
2017
$4,628
103%
$538,120
103%
2016
$2,281
56%
$265,200
56%
2015
$1,462
2%
$170,000
—
2014
$1,428
—
$170,000
—
2013
$1,428
—
$170,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 246 Lake Magnolia Wy

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NMLS#: 1598647

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Listed by Real Broker, LLC, Ashley Ledin Frost (480) 745-4237

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246 Lake Magnolia Way, Smithfield, NC 27577 (MLS# 10138891) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 246 Lake Magnolia Way is currently listed for $1,150,000 and was received on January 02, 2026. Want to learn more about 246 Lake Magnolia Way? Do you have questions about finding other Single Family real estate for sale in Smithfield? You can browse all Smithfield real estate or contact a Coldwell Banker agent to request more information.

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