246 Lake Magnolia Way Smithfield, NC 27577 Price Dropped by $5K

UPDATED: 03/02/2026 11:09 PM ON MARKET: 62 days on market

$1,145,000

4 Beds4 Baths4,597 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,597 sqft

Price per Sqft $249

Subdivision Lake Magnolia

MLS Listing ID 10138891

Style Site Built

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N Yes

Abv Grd Liv Area 4,597

Year Built 2016

Annual Tax Amount $4,765

Lot Size 2.910 Acres

Acres 2.91

Property Sub-Type Single Family Residence

Source Triangle MLS

Property Description

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 ensure 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.