Step inside this home with a virtual tour
Take a virtual tour742 Lake Magnolia Way
Smithfield, NC 27577DISCOVER LAKE MAGNOLIA - PRIVATE -16 LOTS IN GATED COMMUNITY - At the end of a private street on 1.79 acres, this 2023 built home combines modern farmhouse design with tranquil lake living! Step inside to an inviting bright open concept floor plan! Primary suite, additional bedroom and office on main level!! The seamless flow in the main living areas and separate dining room creates an ideal setting for everyday living or entertaining. Walls of windows fill the home with natural light. The gourmet kitchen is the heart of the home, featuring high-end finishes - striking quartz countertops, white tile backsplash, built-in appliances, deep basin farm sink, five-burner gas range and walk-in pantry. An expansive island provides space for meal prep or casual dining. The main floor primary suite offers a private retreat overlooking the back yard and wooded backdrop. The ensuite bath has a large walk-in shower and dual walk-in closets. An additional main floor bed and bath provide flexibility for guest or multi-generational living. The flexible plan also offers a dedicated main level office! Upstairs you'll find a bright loft with endless solutions for lifestyle needs. Two additional spacious bedroom and an ensuite bathroom. All bedrooms have walk-in closets. Outside the covered back porch offers a retreat for all seasons. A Three-Car Garage provides ample parking and recreational storage. This Lakeside Community is paired with scenic trails winding around the lake and alongside a creek. One of the standout features is the power boat provided by the HOA. Whether you enjoy boating, kayaking, fishing...or just a peaceful Stoll around the lake, you'll enjoy the natural beauty and recreation this community offers.
$759,500
4 bedrooms
3 full bathrooms
1.79 acres
2,983 square feet
$255 per square foot
- Exterior Features
- Interior Features
- Property Features
- Attached Garage Y/N Yes
- Construction Materials Board & Batten Siding, Fiber Cement, Stone
- Exterior Features Fenced Yard, Private Yard
- Fencing Back Yard, Partial
- Garage Y/N Yes
- Lot Size Acres 1.79
- Parking Features Concrete, Garage
- Patio And Porch Features Covered, Front Porch, Porch, Rear Porch
- Structure Type House, Site Built
- Above Grade Finished Area 2,983
- Appliances Built-In Electric Oven, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Stainless Steel Appliance(s), Tankless Water Heater, Oven
- Cooling Central Air, Electric, Heat Pump
- Cooling Y/N Yes
- Fireplace Features Family Room, Gas Log
- Flooring Ceramic Tile, Hardwood, Vinyl
- Heating Central, Electric, Forced Air
- Heating Y/N Yes
- Interior Features Double Vanity, Dual Closets, Entrance Foyer, High Ceilings, Kitchen Island, Living/Dining Room Combination, Open Floorplan, Pantry, Master Downstairs, Quartz Counters, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
- Laundry Features Laundry Room, Main Level, Sink
- Rooms Total 10
- Association Amenities Boat Dock, Boating, Gated, Jogging Path, Trail(s)
- Association Fee Frequency Annually
- Association Fee Includes Road Maintenance
- Association Y/N Yes
- Community Features Fishing, Gated, Lake
- Lot Features Back Yard, Corner Lot, Cul-De-Sac, Hardwood Trees, Landscaped, Partially Cleared, Private
- Tax Annual Amount 3763.45
- Water Source Public
- Year Built 2023
Additional Property Information
- TypeSingle Family Residence
- Built2023
- NeighborhoodLake Magnolia
- CountyJohnston
- AreaSmithfield
- Elementary SchoolJohnston - West Smithfield Elementary
- Middle SchoolJohnston - Swift Creek Middle School
- High SchoolJohnston - Cleveland High School
Listing courtesy of DeVaney Realty. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
Property location
Monthly payment calculator
Find your amountSchedule a Tour
Ready for a tour of this house? You can either schedule an in-person walkthrough, or one of our agents can take you on a virtual tour via video call.
Similar Properties
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. 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 Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-07-18T18:52:44.000Z.