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About This Home
This 4-bedroom, 4-bathroom single family at 246 Lake Magnolia Way in Smithfield, NC is listed for $1,145,000 ($249 per sqft). Built in 2016, the home offers 4,597 sqft of living space on a 2.91 acres lot.
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.
Key Features
- Built in 2016
- 2.91 acre lot
- 2 stories
- Fireplace
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$8,024/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
246 Lake Magnolia Way
Smithfield, NC 27577
Lake Magnolia
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom single family at 246 Lake Magnolia Way is listed at $1,145,000 ($249/sqft). The estimated monthly payment is $6,862 based on 20% down at 6.5% interest.
HOA fees are $1900/month.
Key features include: Built in 2016, 2.91 acre lot, 2 stories, Fireplace, Waterfront. Interior Features: Bookcases, Ceiling Fan(s), Crown Molding. Exterior Features: Outdoor Shower, Rain Gutters, Storage.
This property is listed by Ashley Ledin Frost and can be reached at 4807454237 or ashley@ashleyfrostrealty.com.



