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$1,145,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 4,597 Sq. Ft.
  • 2.91 Acres
  • 3 Car Garage
  • Updated 1 day ago
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Welcome to 246 Lake Magnolia Way, where everyday life feels like a getaway. Set on nearly three private acres in one of Smithfield's most scenic lake communities, this custom-built estate offers more than luxury living, it offers a lifestyle most only experience on vacation. Here, you don't even need to own a boat to enjoy the water. The HOA provides access to a shared community boat, along with opportunities to fish, paddle board, wakeboard, swim, or tube all without the expense or upkeep of ownership. Beyond the water, expansive walking trails invite morning strolls and evening jogs, while breathtaking sunset views reflect across the lake each night. Inside, intentional design meets elevated comfort. Light filled living spaces, a gourmet kitchen built for gathering, and multiple primary suites offer flexibility for multigenerational living or extended guests. Advanced HVAC zoning, HRV systems, and energy efficient construction ensures year-round performance and comfort. Outside, you'll find space to breathe, privacy without isolation, and views that shift beautifully with the light all just minutes from downtown Smithfield and a convenient drive to Raleigh. This isn't just a lake home. It's access. It's recreation. It's the lifestyle you've been working toward.

Full Property Details for 246 Lake Magnolia Wy

General

  • Price: $1,145,000
  • HOA FEE: $158/month
  • HOA FEE FREQ.: Annually
  • Taxes: $4,765
  • Status: Active
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10153152
  • Updated: 3/16/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 9
  • Interior Features: Bookcases, Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, High Ceilings, Kitchen Island, Pantry, Master Downstairs, Quartz Counters, Smart Thermostat, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room, Wood Burning
  • Appliances: Bar Fridge, Dishwasher, Gas Oven, Gas Range, 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, Playground, Stream Seasonal, 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: Please use GPS
  • City Limits: Yes

School Information

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

Community

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

Heating & Cooling

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

Utilities

  • Sewer: Septic Tank
  • Water: Public

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), Storage

Lot Features

  • Property View: Trees/Woods
  • Lot Size (Acres): 2.91
  • Lot Size (Sq. Ft.): 126,759.6
  • Frontage: Private Road
  • Street/Road Desc.: Asphalt
  • Lot Features: Back Yard, Front Yard, Hardwood Trees, Landscaped, Many Trees, Partially Cleared, 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 Choice Residential Real Estate, Ashley Ledin Frost (480) 745-4237

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Listing agent

— 246 Lake Magnolia Wy —

  • Ashley Ledin Frost

    Choice Residential Real Estate

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 ATTOM Data Solutions 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
3/16/2026
Listed
$1,145,000
554.29%
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 Choice Residential Real Estate, Ashley Ledin Frost (480) 745-4237

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246 Lake Magnolia Way, Smithfield, NC 27577 (MLS# 10153152) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 246 Lake Magnolia Way is currently listed for $1,145,000 and was received on March 16, 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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