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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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246 Lake Magnolia Way , Smithfield, NC 27577
$1,099,000
Est. Payment: $6,176.42/mo
4 Bed
4 Bath
4597 Sqft
2.91 Acres
Status: active | Days on site: 212
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Terri Bias
Operator/Brokerage Owner

House 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.

Highlights

Listed by Ashley Ledin Frost , Choice Residential Real Estate , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Residential

Lot/Acreage
2.91

HOA Fee

158.33 Annually

Year Built

2016

County

Johnston

Neighborhood

Lake Magnolia

Listing ID

10153152

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:3
  • ▪ 1/2 Bathrooms:1
Appliances:Bar Fridge, Dishwasher, Gas Oven, Gas Range, Stainless Steel Appliance(s), Tankless Water Heater, Wine Cooler, Dehumidifier,Home Theater
Air Cond:Ceiling Fan(s),Central Air,Humidity Control,Zoned
Fireplaces:Family Room,Wood Burning
Floor:Carpet,Ceramic Tile,Wood
Above Ground Sq Ft:4597
Other:
  • ▪ Additional:Bookcases, Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, High Ceilings, Kitchen Island, Pantry, Primary Downstairs, Quartz Counters, Smart Thermostat, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower
Water:Public

Exterior Features

Lot:Back Yard,Front Yard,Hardwood Trees,Landscaped,Many Trees,Partially Cleared,Wooded,Beach Grassy,Beach Sandy,Boat Dock,Boat Ramp,Water Access Community,Waterfront Community,Lake,Lake Privileges
Zoning:RAG
Roof:Composition,Metal,Shingle
Others:
  • ▪ Additional:Outdoor Shower, Rain Gutters, Storage, Covered, Deck, Front Porch, Screened, Poultry Coop, Shed(s)
Sewer:Septic Tank
Parking Features:Three Car Garage,Garage,Attached Garage
Principal Interest
$6,176
Taxes
$701
HOA
$158

Home Price

$1,099,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$219,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,176.42

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $6,176.42 $700.61 $158.33 $7,035.36
Yearly $74,117.01 $8,407.35 $1,899.96 $84,424.32
Total $2,223,510.26 $252,220.50 $56,998.80 $2,532,729.56

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Smithfield, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-10-14T19:53:58.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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