$1,064,000

About this home

Nearly 3 Acres. Private Lakefront Living. Room to Create Your Dream Backyard. An Extraordinary Lifestyle Awaits. Welcome to 246 Lake Magnolia Way, where luxury, privacy, and adventure come together in one remarkable property. Nestled on 2.91 acres within a gated Smithfield lake community, this exceptional custom-built estate offers something increasingly difficult to find: expansive living, premium craftsmanship, outstanding recreational amenities, and the freedom to make the property truly your own. Imagine your own resort-style pool, additional garage or workshop, and spectacular outdoor entertaining space! With the septic drain field located on a separate dedicated septic lot, the nearly three-acre homesite offers exciting possibilities for future improvements, subject to applicable approvals. Whether you envision a sparkling pool, space for your automotive collection, or your own private backyard oasis, the opportunity to customize your lifestyle is exceptional. And then there's the lake! Experience a community centered around a premier water ski lake, where recreation is part of everyday life. Enjoy access to the HOA's shared community boat for water skiing and other permitted lake activities, including wakeboarding and tubing. Fishing, paddleboarding, swimming, and relaxing at the sandy beach offer even more ways to enjoy the water. Volleyball, tetherball, a playground, and over three miles of scenic walking trails bring additional opportunities for recreation and connection. With surrounding HOA-owned land and breathtaking lake sunsets, this private setting feels like a retreat from the everyday. Inside, approximately 4,597 square feet of thoughtfully designed living space deliver comfort, elegance, and functionality. Sun-filled interiors, generous gathering spaces, and a gourmet kitchen create the perfect setting for entertaining. Two spacious primary suites, including one on the main level, offer incredible flexibility for multigenerational living, extended guests, or anyone seeking additional privacy. Enjoy your own dedicated media room, an exceptional three-car garage with heating, cooling, and high ceilings, and impressive construction features throughout. Five-zone HVAC, heat recovery ventilation systems, energy-efficient construction, and carefully considered insulation reflect the quality and attention to detail behind this extraordinary home. Privacy without sacrificing convenience! Enjoy the peaceful setting of Lake Magnolia while remaining close to downtown Smithfield, with convenient access to Downtown Raleigh, Raleigh-Durham International Airport (RDU), and Johnston Regional Airport. Whether commuting, traveling, or enjoying everything the Triangle has to offer, this location connects your private retreat to the places that matter. This is more than a home. It's lake life, luxury living, and room to grow—all in one extraordinary property. Schedule your private showing and experience it for yourself!

Highlights

Property details

MLS

Doorify MLS

MLS #

10153152

Property type

Single Family Residence

Subdivision

Lake Magnolia

Status

Active

Days on market

216

On market date

March 16, 2026

Stories

N/A

Total bathrooms

3.5

Garage spaces

3

Parking spaces

N/A

Lot size

2.91 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.