OPEN SAT 1PM - 4PM
$12K PRICE DROP
390 Lake Magnolia Way Smithfield, NC 27577
Estimated payment $4,511/month
Total Views
12,899
4
Beds
3
Baths
2,643
Sq Ft
$283
Price per Sq Ft
Highlights
- Beach Front
- Sandy Beach
- Gated Community
- Boat Dock
- Fishing
- Lake View
About This Home
**Sellers Motivated and offering up to $10,000.00 in concessions with accepted offer!**
Luxury, Serenity, and Waterfront Living Await: Welcome to a breathtaking retreat where modern elegance meets the tranquility of nature. This exceptional estate is the perfect blend of sophistication and outdoor adventure, offering everything you need to live in comfort, entertain with ease, and enjoy a picturesque lakeside lifestyle. This home consists of two lots (5A-5B) totaling 2.04 acres.
Nestled in the peaceful countryside just off Highway 210, this stunning home ensures effortless access to the charming towns of Smithfield, Four Oaks, and Benson—while still providing the privacy and serenity of a secluded escape.
Step inside to discover a beautifully designed interior featuring four spacious bedrooms and three full bathrooms, ensuring ample space for family and guests. A dedicated home office offers convenience for remote work, while the built-in bar with wine fridge makes entertaining a dream.
The heart of the home is the chef's kitchen, designed to impress. With quartz countertops, a stylish pot filler, custom cabinets packed with smart features, and high-end appliances, cooking becomes an experience rather than a task. Every detail has been thoughtfully curated for function and style.
Outside, an exclusive water ski lake sets this property apart. Enjoy boating privileges (subject to HOA approval and training), soak up the sunshine on the water, and rinse off in the outdoor shower—the perfect way to end a day of adventure.
Relax and unwind on the expansive screened-in porch and deck, offering breathtaking views of the lake. Whether sipping your morning coffee or hosting a sunset gathering, this outdoor space enhances the home's charm and connection to nature.
Additional premium upgrades elevate this home even further: Underground propane tank for efficient energy use, new flooring throughout, a beautifully renovated primary ensuite for ultimate relaxation, refreshed exterior paint and siding to enhance curb appeal, and the list goes on!
Designed for effortless living and unforgettable gatherings, this open-concept home offers a seamless flow between spaces—so whether you're hosting guests or enjoying a quiet evening, every moment is infused with comfort and style.
This is more than a house—it's a lifestyle. Don't miss the chance to make this stunning property your forever home. Schedule a showing today!
Open House Schedule
-
Saturday, September 06, 20251:00 to 4:00 pm9/6/2025 1:00:00 PM +00:009/6/2025 4:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,830
Year Built
- Built in 2008
Lot Details
- 2.04 Acre Lot
- Beach Front
- Lake Front
- Sandy Beach
- Landscaped
- Few Trees
HOA Fees
- $145 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 4 Open Parking Spaces
Property Views
- Lake
- Woods
- Meadow
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
- Built-In Features
- Bookcases
- Bar Fridge
- Dry Bar
- Beamed Ceilings
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Fireplace
- French Doors
- Screened Porch
- Basement
- Crawl Space
Kitchen
- Free-Standing Gas Oven
- Gas Range
- Free-Standing Range
- Range Hood
- Microwave
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Quartz Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Primary bathroom on main floor
- Separate Shower in Primary Bathroom
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Electric Dryer Hookup
Attic
- Attic Floors
- Pull Down Stairs to Attic
Home Security
- Smart Thermostat
- Fire and Smoke Detector
Outdoor Features
- Outdoor Shower
- Docks
- Deck
- Playground
- Rain Gutters
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
- Tankless Water Heater
- Propane Water Heater
- Septic Tank
- Septic System
- Phone Available
Listing and Financial Details
- Assessor Parcel Number 15-H-08-002-K- / 15-H-08-003-K-
Community Details
Overview
- Association fees include ground maintenance, road maintenance
- Lake Magnolia, Llc. Association, Phone Number (919) 457-2317
- Lake Magnolia Subdivision
- Community Lake
Recreation
- Boat Dock
- Boating
- Community Playground
- Fishing
- Jogging Path
Additional Features
- Picnic Area
- 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 |
|---|---|---|---|---|
| 2025 | $4,164 | $655,680 | $140,000 | $515,680 |
| 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 |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Price Changed | $748,500 | -1.5% | $283 / Sq Ft |
| 05/31/2025 05/31/25 | For Sale | $760,000 | -- | $288 / Sq Ft |
Source: Doorify MLS
Purchase 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: 10100043
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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