# 246 Lake Magnolia Way, Smithfield, NC 27577

> **TL;DR:** 4bd/4ba single family, $1,145,000 ($249/sqft), built 2016, 4,597 sqft.
> Fireplace, Waterfront, A/C. Est. $6,862/mo. Listed 77 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,145,000 |
| Price/sqft | $249 |
| Bedrooms | 4 |
| Bathrooms | 3 full, 1 half |
| Square Feet | 4,597 |
| Year Built | 2016 |
| Lot Size | 126,760 sqft (2.91 acres) |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 77 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,962 |
| HOA | $1,900 |
| **Total** | **$6,862** |

## Nearby Schools

- **Elementary:** Johnston - West Smithfield Elementary
- **Middle:** Johnston - Smithfield
- **High:** Johnston - Cleveland

## Key Amenities

- Fireplace
- Waterfront
- A/C

## Property Highlights

- Built in 2016
- 2.91 acre lot
- 2 stories
- Fireplace
- Waterfront

## Description

### Agent Description
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.

## Location

- **Address:** 246 Lake Magnolia Way, Smithfield, NC 27577
- **County:** Johnston
- **Neighborhood:** Lake Magnolia
- **Coordinates:** 35.511729, -78.438347
- **Google Maps:** https://www.google.com/maps?q=35.511729,-78.438347

## Listing Agent

- **Name:** Ashley Ledin Frost
- **Brokerage:** Choice Residential Real Estate
- **Phone:** 4807454237
- **Email:** ashley@ashleyfrostrealty.com

## Primary Photo

![246 Lake Magnolia Way - Primary Photo](http://lh.rdcpix.com/1014bb9deae9f3e287b29beb67aab577l-f4121967671r.jpg)

*72 total photos available on [listing page](https://www.propertysimple.com/listing/246-lake-magnolia-way-smithfield-nc-27577-10153152)*

---

**MLS#:** 10153152 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/246-lake-magnolia-way-smithfield-nc-27577-10153152)

---

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