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For sale
    • Price cut: $10K (8/15)
    $749,500

    742 Lake Magnolia Way, Smithfield, NC 27577

    4beds
    2,983sqft
    : 
    $4,646/mo
    Get pre-qualified
    Single Family Residence
    Built in 2023
    1.79 Acres Lot
    $738,200 Zestimate®
    $251/sqft
    $158/mo HOA

    What's special

    Striking quartz countertopsHigh-end finishesGourmet kitchenPrivate streetFive-burner gas rangeModern farmhouse designWalk-in pantry
    LAKE LIVING -16 LOTS IN GATED COMMUNITY - MILES OF HIDDEN TRAILS - SECLUDED AND PEACEFUL. At the end of a private street on 1.79 acres, this 2023 built home combines modern farmhouse design with tranquil lake living! Step inside to an inviting bright open concept floor plan! Primary suite, additional bedroom and office on main level!! The seamless flow in the main living areas and separate dining room creates an ideal setting for everyday living or entertaining. Walls of windows fill the home with natural light. The gourmet kitchen is the heart of the home, featuring high-end finishes - striking quartz countertops, white tile backsplash, built-in appliances, deep basin farm sink, five-burner gas range and walk-in pantry. An expansive island provides space for meal prep or casual dining. The main floor primary suite offers a private retreat overlooking the back yard and wooded backdrop. The ensuite bath has a large walk-in shower and dual walk-in closets. An additional main floor bed and bath provide flexibility for guest or multi-generational living. The flexible plan also offers a dedicated main level office! Upstairs you'll find a bright loft with endless solutions for lifestyle needs. Two additional spacious bedroom and an ensuite bathroom. All bedrooms have walk-in closets. Outside the covered back porch offers a retreat for all seasons. A Three-Car Garage provides ample parking and recreational storage. This Lakeside Community is paired with scenic trails winding around the lake and alongside a creek. Additional property owned by HOA creates the serene feel of a Nature Preserve! One of the standout features is the power boat provided by the HOA. Whether you enjoy boating, kayaking, fishing...or just a peaceful Stoll around the lake, you'll enjoy the natural beauty and recreation this community offers.
    98 days
    543
    31

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristie DeVaney 919-280-6171,

    DeVaney Realty

    Source: Doorify MLS,MLS#: 10170154MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      • Area: 206.98 Square Feet
      • Dimensions: 13.1 x 15.8
      Bedroom 2
      • Level: Main
      • Area: 112.7 Square Feet
      • Dimensions: 9.8 x 11.5
      Bedroom 3
      • Level: Second
      • Area: 200.36 Square Feet
      • Dimensions: 14.11 x 14.2
      Bathroom 4
      • Level: Second
      • Area: 201.15 Square Feet
      • Dimensions: 14.9 x 13.5
      Breakfast room
      • Level: Main
      • Area: 132.6 Square Feet
      • Dimensions: 13.0 x 10.2
      Dining room
      • Level: Main
      • Area: 167.99 Square Feet
      • Dimensions: 10.7 x 15.7
      Family room
      • Level: Main
      • Area: 445.22 Square Feet
      • Dimensions: 22.6 x 19.7
      Kitchen
      • Level: Main
      • Area: 197.6 Square Feet
      • Dimensions: 13.0 x 15.2
      Loft
      • Level: Second
      • Area: 300.3 Square Feet
      • Dimensions: 18.2 x 16.5
      Office
      • Level: Main
      • Area: 111.02 Square Feet
      • Dimensions: 9.1 x 12.2
      Heating
      • Central, Electric, Forced Air
      Cooling
      • Central Air, Electric, Heat Pump
      Appliances
      • Included: Built-In Electric Oven, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Stainless Steel Appliance(s), Tankless Water Heater, Wall Oven
      • Laundry: Laundry Room, Main Level, Sink
      Features
      • Double Vanity, Entrance Foyer, High Ceilings, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s), Living/Dining Room Combination, Separate Shower, Walk-In Shower, Quartz Counters, Smooth Ceilings
      • Flooring: Ceramic Tile, Hardwood, Luxury Vinyl
      • Fireplace features: Family Room, Gas Log
      Interior area
      • Total structure area: 2,983
      • Total interior livable area: 2,983 sqft
      • Finished area above ground: 2,983
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Concrete, Garage
      • Garage spaces: 3
      Features
      • Levels: One and One Half
      • Stories: 1
      • Patio & porch: Covered, Front Porch, Porch, Rear Porch
      • Exterior features: Private Yard, Fenced Yard
      • Fencing: Back Yard,Partial
      Lot
      • Size: 1.79 Acres
      • Features: Back Yard, Cul-De-Sac, Corner Lot, Landscaped, Private, Hardwood Trees, Partially Cleared
      Details
      • Parcel number: 15H08002V
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Farmhouse,Transitional
      • Property subtype: Single Family Residence
      Materials
      • Board & Batten Siding, Fiber Cement, Stone
      • Foundation: Stone, Crawlspace
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2023

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Community
      • Features: Fishing, Gated, Lake
      • Security: Gated Community
      • Subdivision: Lake Magnolia
      HOA
      • Has HOA: Yes
      • Amenities included: Boating, Boat Dock, Gated, Jogging Path, Trail(s)
      • Services included: Road Maintenance
      • HOA fee: $1,900 annually
      • HOA name: Lake Magnolia, LLC
      • HOA phone: 919-457-2317
      Location
      • Region: Smithfield

      Financial & listing details

      • Price per square foot: $251/sqft
      • Tax assessed value: $592,670
      • Annual tax amount: $3,763
      • Date on market: 5/28/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      • Road surface type: Paved

        Estimated market value

        $738,200

        $701,000 - $775,000

        $2,995/mo

        Price history

        DateEventPrice
        8/15/2026Price change$749,500-1.3%$251/sqft
        Source: Doorify MLS #10170154 Report a problem
        7/17/2026Price change$759,500-1.3%$255/sqft
        Source: Doorify MLS #10170154 Report a problem
        5/28/2026Listed for sale$769,500$258/sqft
        Source: Doorify MLS #10170154 Report a problem
        5/28/2026Listing removed$769,500$258/sqft
        Source: Doorify MLS #10152861 Report a problem
        4/23/2026Price change$769,500-0.7%$258/sqft
        Source: Doorify MLS #10152861 Report a problem
        3/14/2026Listed for sale$774,950+520%$260/sqft
        Source: Doorify MLS #10152861 Report a problem
        7/7/2023Sold$125,000-7.4%$42/sqft
        Source: Public Record Report a problem
        7/9/2009Sold$135,000$45/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,763 +6.3%$592,670 +35.6%
        2024$3,541 +218.1%$437,120 +212.2%
        2023$1,113 -4.8%$140,000
        2022$1,169 +3.1%$140,000
        2021$1,134 -3.6%$140,000
        2020$1,176 $140,000
        2019$1,176 -19.6%$140,000 -17.6%
        2018$1,462 $170,000
        2017$1,462 $170,000
        2016$1,462 $170,000
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 27577

        Getting around

        5 / 100
        Car-Dependent
        10 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Johnston - West Smithfield Elementary
        • Middle: Johnston - Swift Creek Middle School
        • 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.

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