Skip main navigation
For sale
    • Price cut: $6K (6/9)
    $1,139,000

    246 Lake Magnolia Way, Smithfield, NC 27577

    4beds
    4,597sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence, Residential
    Built in 2016
    2.91 Acres Lot
    $1,094,000 Zestimate®
    $248/sqft
    $158/mo HOA

    What's special

    Premier water ski lakeEnergy efficient constructionNearly three private acresHrv systemsSandy beach area
    Welcome Home where refined living meets a true water driven lifestyle. Set on nearly three private acres within one of Smithfield's most exclusive lake communities, this custom-built estate offers a rare blend of luxury, recreation, and preserved natural surroundings. Centered around a premier water ski lake, this community was designed for those who crave life on the water. And here, access comes easy. The HOA provides a shared community boat, allowing you to fully enjoy water skiing along with boating, fishing, paddle boarding, wakeboarding, swimming, and tubing without the expense or upkeep of ownership. A sandy beach area invites laid-back afternoons by the water, while community amenities like volleyball, tetherball, and a playground create space for connection, activity, and fun for all ages. Beyond the lake, over 3 miles of scenic trails wind throughout the community perfect for morning walks or evening runs while breathtaking sunset views reflect across the water each night. Surrounded by HOA owned land, the setting offers a heightened sense of privacy, protection, and long-term tranquility that's increasingly hard to find. Inside, every detail reflects intentional design and elevated comfort. Expansive, light filled living spaces flow effortlessly into a gourmet kitchen built for gathering. Multiple primary suites provide flexibility for multigenerational living or hosting guests with ease. Advanced smart tech HVAC zoning, HRV systems, and energy efficient construction ensure year round comfort, performance, and peace of mind. Outdoors, the experience continues wide open space, natural beauty, and a sense of retreat without isolation all just minutes from downtown Smithfield and a convenient drive to Raleigh. This isn't just a home. It's a private retreat. It's a water ski lifestyle. It's the life you've been working toward.
    126 days
    |
    392
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ashley Ledin Frost 480-745-4237,

    Choice Residential Real Estate

    Source: Doorify MLS,MLS#: 10153152MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Fireplace(s), Heat Pump
      Cooling
      • Ceiling Fan(s), Central Air, Humidity Control, Zoned
      Appliances
      • Included: Bar Fridge, Dishwasher, Gas Oven, Gas Range, Stainless Steel Appliance(s), Tankless Water Heater, Wine Cooler
      • Laundry: Laundry Room, Main Level
      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
      • Flooring: Carpet, Ceramic Tile, Wood
      • Number of fireplaces: 1
      • Fireplace features: Family Room, Wood Burning
      Interior area
      • Total structure area: 4,597
      • Total interior livable area: 4,597 sqft
      • Finished area above ground: 4,597
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage - Attached
      • Attached garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Front Porch, Screened
      • Exterior features: Outdoor Shower, Rain Gutters, Storage
      • Has view: Yes
      • View description: Trees/Woods
      • Waterfront features: Lake, Lake Privileges
      • Body of water: Lake Magnolia
      Lot
      • Size: 2.91 Acres
      • Features: Back Yard, Front Yard, Hardwood Trees, Landscaped, Many Trees, Partially Cleared, Wooded
      Details
      • Additional structures: Poultry Coop, Shed(s), Storage
      • Parcel number: 15H08002G
      • Zoning: RAG
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Farmhouse, Modern
      • Property subtype: Single Family Residence, Residential
      Materials
      • HardiPlank Type, Stone
      • Roof: Composition, Metal, Shingle
      Condition
      • New construction: No
      • Year built: 2016

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Community
      • Features: Fishing, Gated, Lake, Playground
      • Subdivision: Lake Magnolia
      HOA
      • Has HOA: Yes
      • Amenities included: Boat Dock, Boating, Gated, Jogging Path, Playground, Stream Seasonal, Trail(s)
      • Services included: Maintenance Grounds, Road Maintenance
      • HOA fee: $1,900 annually
      Location
      • Region: Smithfield

      Financial & listing details

      • Price per square foot: $248/sqft
      • Tax assessed value: $750,540
      • Annual tax amount: $4,765
      • Date on market: 3/16/2026
      • Road surface type: Asphalt

        Estimated market value

        $1,094,000

        $1.04M - $1.15M

        $4,105/mo

        Price history

        DateEventPrice
        6/9/2026Price change$1,139,000-0.5%$248/sqft
        Source: Doorify MLS #10153152 Report a problem
        3/16/2026Listed for sale$1,145,000$249/sqft
        Source: Doorify MLS #10153152 Report a problem
        3/16/2026Listing removed$1,145,000$249/sqft
        Source: Doorify MLS #10138891 Report a problem
        3/1/2026Price change$1,145,000-0.4%$249/sqft
        Source: Doorify MLS #10138891 Report a problem
        1/2/2026Listed for sale$1,150,000+557.1%$250/sqft
        Source: Doorify MLS #10138891 Report a problem
        7/15/2010Sold$175,000$38/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,766 +7.3%$750,540 +36.9%
        2024$4,442 +1.9%$548,420
        2023$4,360 -4.8%$548,420
        2022$4,579 +3.1%$548,420
        2021$4,442 -3.6%$548,420
        2020$4,607 $548,420
        2019$4,607 -0.5%$548,420 +1.9%
        2018$4,628 $538,120
        2017$4,628 $538,120 +102.9%
        2016$4,628 +216.5%$265,200 +56%
        2015$1,462 $170,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 27577

        Getting around

        0 / 100
        Car-Dependent
        8 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Johnston - West Smithfield Elementary
        • Middle: Johnston - Smithfield Middle
        • High: Johnston - Cleveland High School

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby zip codes

              Other Smithfield Topics

                Search
                Updates
                Favorites
                Plan
                Inbox