OPEN SAT 11AM - 2PM
$15K PRICE DROP
390 Lake Magnolia Way Smithfield, NC 27577
Estimated payment $4,789/month
Total Views
3,258
4
Beds
3
Baths
2,643
Sq Ft
$293
Price per Sq Ft
Highlights
- Beach Front
- Boating
- Lake View
- Docks
- Gated Community
- 2.06 Acre Lot
About This Home
Welcome to Your Dream Home at 390 Lake Magnolia Way, Smithfield, NC!
Nestled in the serene countryside of Smithfield, this breathtaking 2.06-acre estate offers an unrivaled lifestyle where luxury meets tranquility. Perfectly located just off Highway 210, you'll enjoy seamless access to the city centers of Smithfield, Four Oaks, and Benson—all just a short drive away.
This exceptional home boasts an expansive interior, featuring 4 spacious bedrooms and 3 full bathrooms, thoughtfully designed to provide comfort for family and guests alike. Need space to work or unwind? The dedicated home office and built-in bar with wine fridge make entertaining and remote working effortless.
Your culinary aspirations will be met in the chef's kitchen, equipped with top-of-the-line appliances, quartz countertops, pot filler, custom-designed cabinets, and drawers packed with smart features that combine style and functionality. No detail has been overlooked—this space is as practical as it is stunning.
Step outside and embrace the outdoor oasis. The property offers private access to a water ski lake, complete with boat usage, subject to HOA approval and training. Whether you're skiing, soaking in the sun, or rinsing off under the outdoor shower, this home is a haven for water enthusiasts and those who crave a connection to nature.
Additional premium upgrades include:
Underground propane tank for efficient energy use, new flooring, a fully renovated master ensuite, and refreshed exterior paint and siding.
The open layout ensures a seamless flow between spaces, making it ideal for relaxation or hosting unforgettable gatherings. With furnishings potentially conveying with an acceptable offer, you could walk in and start living the good life immediately.
Too many upgrades and amenities to list—this property is truly a must-see! Don't wait—schedule your showing today and turn this stunning house into your forever home.
Open House Schedule
-
Saturday, April 26, 202511:00 am to 2:00 pm4/26/2025 11:00:00 AM +00:004/26/2025 2:00:00 PM +00:00Add to Calendar
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Sunday, April 27, 202511:00 am to 2:00 pm4/27/2025 11:00:00 AM +00:004/27/2025 2:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,830
Year Built
- Built in 2008 | Remodeled
Lot Details
- 2.06 Acre Lot
- Beach Front
- Property fronts a private road
- Landscaped
- Wooded Lot
- Back and Front Yard
HOA Fees
- $145 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Front Facing Garage
- Garage Door Opener
- 4 Open Parking Spaces
Property Views
- Lake
- Woods
- Neighborhood
Home Design
- Farmhouse Style Home
- Brick or Stone Mason
- Raised Foundation
- Shingle Roof
- HardiePlank Type
- Stone
Interior Spaces
- 2,643 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Dry Bar
- Beamed Ceilings
- Ceiling Fan
- Recessed Lighting
- Gas Log Fireplace
- French Doors
- Entrance Foyer
- Great Room with Fireplace
- Living Room
- Dining Room
- Home Office
- Screened Porch
- Basement
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Double Oven
- Electric Oven
- Gas Range
- Range Hood
- Microwave
- Plumbed For Ice Maker
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Kitchen Island
- Quartz Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Primary bathroom on main floor
Laundry
- Laundry Room
- Laundry on main level
- Washer and Dryer
- Sink Near Laundry
Attic
- Attic Floors
- Pull Down Stairs to Attic
Outdoor Features
- Docks
- Deck
Schools
- W Smithfield Elementary School
- Swift Creek Middle School
- Cleveland High School
Horse Facilities and Amenities
- Grass Field
Utilities
- Central Air
- Heating System Uses Propane
- Propane
- Tankless Water Heater
- Septic Tank
- Septic System
Listing and Financial Details
- Assessor Parcel Number 15-H-08-002-K- / 15-H-08-003-K-
Community Details
Overview
- Association fees include road maintenance
- Lake Magnolia, Llc. Association, Phone Number (919) 457-2317
- Lake Magnolia Subdivision
- Community Lake
Recreation
- Boating
- Community Playground
Security
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,830 | $472,880 | $140,000 | $332,880 |
| 2023 | $3,759 | $472,880 | $140,000 | $332,880 |
| 2022 | $3,949 | $472,880 | $140,000 | $332,880 |
| 2021 | $3,830 | $472,880 | $140,000 | $332,880 |
| 2020 | $3,972 | $472,880 | $140,000 | $332,880 |
| 2019 | $3,972 | $472,880 | $140,000 | $332,880 |
| 2018 | $4,102 | $477,000 | $170,000 | $307,000 |
| 2017 | $4,102 | $477,000 | $170,000 | $307,000 |
| 2016 | $4,102 | $477,000 | $170,000 | $307,000 |
| 2014 | -- | $477,000 | $170,000 | $307,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Price Changed | $775,000 | -1.9% | $293 / Sq Ft |
| 03/31/2025 03/31/25 | For Sale | $790,000 | -- | $299 / Sq Ft |
Source: Doorify MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,000 | New Conventional | |
| Previous Owner | $98,500 | New Conventional | |
| Previous Owner | $130,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in Smithfield, NC
Source: Doorify MLS
MLS Number: 10085871
APN: 15H08002K
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Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
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