RENTED MAR 2, 2026

1500 River Mill Dr Unit 206 Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $301,000 - $326,992

2 Beds
2 Baths
1,036 Sq Ft
1854 Built

Highlights

  • Boat Ramp
  • Parking available for a boat
  • River View
  • Wakefield Middle Rated A-
  • In a Historic District
  • Open Floorplan

About This Home

As of March 2026

Move in now to this riverfront, architecturally unique 2nd floor, 2 bedroom condo with spectacular views of the Neuse River and convenient to Wake Forest, North Raleigh and Falls Lake. The oversized windows with window seats and high ceilings throughout enhance the open concept floorplan. A large kitchen island with dining bar offers additional storage and cooking prep space. Maple hardwoods and 2 foot thick granite walls accentuate the natural setting of this Historic Mill condo. Enjoy the 17 acre park-like grounds on the Neuse River from the community gazebo or riverside seating or trails. 1 adult pet under 25 lbs permitted with $300 pet fee and $25/month pet rent. Water is included in rent and the community washers and dryers. No smoking permitted.

Last Agent to Rent the Property

Lisa Holmes

HRW Realty Corp. License #175353 Listed on: 02/02/2026

Last Renter's Agent

Lisa Holmes

HRW Realty Corp. License #175353 Listed on: 02/02/2026

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1854

Lot Details

  • River Front
  • 1 Common Wall
  • Wooded Lot
  • Many Trees

Home Design

  • Entry on the 2nd floor
  • Brick or Stone Mason
  • Stone

Interior Spaces

  • 1,036 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Reclaimed Wood Flooring
  • River Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Free-Standing Electric Oven
  • Self-Cleaning Oven
  • Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dual Closets
  • 2 Full Bathrooms
  • Primary bathroom on main floor
  • Bathtub with Shower
  • Walk-in Shower

Home Security

Parking

  • 2 Parking Spaces
  • 2 Open Parking Spaces
  • Parking Lot
  • Parking available for a boat
  • Unassigned Parking

Schools

  • Wakefield Elementary And Middle School
  • Wakefield High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Additional Features

  • Gazebo
  • In a Historic District

Listing and Financial Details

  • Security Deposit $1,495
  • Property Available on 12/15/25
  • Tenant pays for electricity, insurance, air and water filters
  • The owner pays for association fees
  • 12 Month Lease Term
  • $75 Application Fee

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer, trash, water
  • River Mill Condos Association, Phone Number (866) 473-2573
  • River Mill Condos Subdivision
  • Maintained Community
  • Community Parking

Recreation

  • Boat Ramp

Pet Policy

  • Pet Size Limit
  • $300 Pet Fee
  • Dogs and Cats Allowed
  • Breed Restrictions
  • Small pets allowed

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Year Built

Built in 1854

Lot Details

0 Sq Ft Lot

Rental Info

  • Tenant Pays: Electricity, Insurance, Air and Water Filters
  • Lease Term: 12 Months
  • Owner Pays: Association Fees
  • Available Date: 2025-12-15

Listing Details

  • Year Built: 1854
  • Prop. Type: Residential Lease
  • Road Frontage Type: River
  • Reso Association Fee Includes: Sewer, Trash, Water
  • Subdivision Name: River Mill Condos
  • Above Grade Finished Sq Ft: 1036.0
  • Entry Level: 2
  • Unit Levels: One
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Water Source Public: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: Main
  • Interior Features LivingDining Room Combination: Yes
  • Room Types Living Room2: Yes
  • Flooring Wood: Yes
  • Utilities Cable Available: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Move in now to this riverfront, architecturally unique 2nd floor, 2 bedroom condo with spectacular views of the Neuse River and convenient to Wake Forest, North Raleigh and Falls Lake. The oversized windows with window seats and high ceilings throughout enhance the open concept floorplan. A large kitchen island with dining bar offers additional storage and cooking prep space. Maple hardwoods and 2 foot thick granite walls accentuate the natural setting of this Historic Mill condo. Enjoy the 17 acre park-like grounds on the Neuse River from the community gazebo or riverside seating or trails. 1 adult pet under 25 lbs permitted with $300 pet fee and $25/month pet rent. Water is included in rent and the community washers and dryers. No smoking permitted.
  • General Property Information Association Phone: 866-473-2573
  • General Property Information Senior Community YN: No
  • Community Features Historical Area: Yes
  • General Property Information Enhanced Accessible2: No
  • Sewer Community Sewer: Yes
  • Utilities Water Connected: Yes
  • Contract Information Lease Term: 12 Months
  • Contract Information Availability Date: 2025-12-15
  • Contract Information Security Deposit2: 1495.0
  • General Property Information Above Grade Finished Area: 1036.0
  • Building Features Accepts Section 8 Voucher: No
  • Laundry Features Common Area2: Yes
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Dogs OK: Yes
  • Room Types Primary Bathroom Level: Main
  • Utilities Electricity Connected: Yes
  • Frontage Type River: Yes
  • View River2: Yes
  • Lot Water Features Public Boat Ramp 2-3 Miles: Yes
  • Other Structures Gazebo: Yes
  • Pets Allowed Yes2: Yes
  • Pets Allowed Small Pets OK: Yes
  • Pets Allowed Breed Restrictions: Yes
  • General Property Information Stories2: 1
  • Pets Allowed Size Limit: Yes
  • General Property Information:Living Area3: 1036.0
  • Pets Allowed:Number Limit: Yes
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Flooring: Reclaimed Wood, Wood
  • Interior Amenities: Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), High Ceilings, Kitchen Island, Living/Dining Room Combination, Open Floorplan, Pantry, Tile Counters, Walk-In Shower, His and Hers Closets
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Free-Standing Electric Oven, Free-Standing Refrigerator, Oven, Range Hood, Self Cleaning Oven, Stainless Steel Appliance(s)
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: 2nd floor bridge to building
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Shower: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Interior Features:Tile Counters: Yes
  • Appliances:Oven: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Appliances:Free-Standing Refrigerator: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Appliances:Free-Standing Electric Oven: Yes
  • Interior Features:His and Hers Closets: Yes

Exterior Features

  • Fencing: None
  • Common Walls: 1 Common Wall
  • Construction Type: Stone
  • Patio And Porch Features: None
  • Lot Features:Wooded: Yes
  • Construction Materials:Stone: Yes
  • Lot Features:Many Trees: Yes
  • Window Features:Window Coverings: Yes
  • Patio And Porch Features:None18: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Boat, On Site, Parking Lot, Unassigned
  • Total Parking Spaces: 2.0
  • Parking Features:Parking Lot: Yes
  • Association Amenities:Parking: Yes
  • General Property Information:Garage YN: No
  • Parking Features:Unassigned: Yes
  • Parking Features:On Site: Yes
  • General Property Information:Parking Total: 2.0
  • Parking Features:Boat: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Historical Area
  • Senior Community: No
  • HOA Rent Includes: Sewer, Trash Collection, Water
  • Association Fee Frequency: Monthly
  • Association Name: River Mill Condos
  • Phone: 866-473-2573
  • Association: Yes
  • Fees Application Fee: 75.0
  • Fees Pet Fee: 300.0

Association/Amenities

  • General Property Information:Association Name: River Mill Condos
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Amenities:Landscaping: Yes
  • Association Amenities:Laundry: Yes
  • Association Amenities:Trash: Yes
  • Association Amenities:Water: Yes
  • Owner Pays:Association Fees: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Wakefield
  • Middle Or Junior School: Wake - Wakefield

MLS Schools

  • Elementary School: Wake - Wakefield

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2004
Sold by
Bunner Jeffrey Dale
Bought by
Current Estimated Value
$312,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Outstanding Balance
$49,726
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$263,022

Purchase Details

Closed on
May 15, 1998
Sold by
Wilson William A
Bought by
Bunner Jeffrey Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,650
Interest Rate
7.1%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Falls Lake, NC

  • Jennifer Gallagher Real Estate Agent - Real Broker, LLC - Carolina Collective Realty

    Jennifer Gallagher

    Real Broker, LLC - Carolina Collective Realty

    (984) 237-2063

    19 Total Sales

    1 in Falls Lake

    $880,000 Price

    Jennifer Gallagher
     Section Image
  • Sharon Evans Real Estate Agent - EXP Realty LLC

    Sharon Evans

    EXP Realty LLC

    (984) 833-2476

    980 Total Sales

    83 in Falls Lake

    $275K - $2.7M Price Range

    Sharon Evans
     Section Image
  • Dave Harney Real Estate Agent - Coldwell Banker Advantage

    Dave Harney

    Coldwell Banker Advantage

    (984) 205-6867

    151 Total Sales

    12 in Falls Lake

    $171K - $1.2M Price Range

    Dave Harney
     Section Image
  • Philip Mathew Real Estate Agent - Ideal Home Realty

    Philip Mathew

    Ideal Home Realty

    (984) 288-0465

    26 Total Sales

    1 in Falls Lake

    $498,560 Price

    Philip Mathew
     Section Image
  • Ruth Payne Real Estate Agent - Ruth Payne Real Estate Service

    Ruth Payne

    Ruth Payne Real Estate Service

    (984) 368-4509

    63 Total Sales

    7 in Falls Lake

    $350K - $1.8M Price Range

    Ruth Payne
     Section Image
  • Karla Jackson Real Estate Agent - Relevate Real Estate Inc.

    Karla Jackson

    Relevate Real Estate Inc.

    (984) 205-1671

    100 Total Sales

    1 in Falls Lake

    $2,025,000 Price

    Karla Jackson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$145,000 None Available
Bunner Jeffrey Dale $107,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $116,000
Previous Owner Bunner Jeffrey Dale $101,650
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/02/2026 03/02/26 Rented $1,495 0.0% --
02/11/2026 02/11/26 Under Contract -- -- --
02/02/2026 02/02/26 For Rent $1,495 -- --
Source: Doorify MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,112 $341,324 $341,324
2024 $1,080 $341,324 $0 $341,324
2023 $700 $225,029 $0 $225,029
2022 $650 $225,029 $0 $225,029
2021 $811 $225,029 $0 $225,029
2020 $502 $225,029 $0 $225,029
2019 $532 $154,217 $0 $154,217
2018 $490 $154,217 $0 $154,217
2017 $465 $154,217 $0 $154,217
2016 $557 $154,217 $0 $154,217
2015 $547 $151,645 $0 $151,645
2014 $519 $151,645 $0 $151,645
Source: Public Records

Agents Affiliated with this Home

  • LH

    Landlord's Agent in 2026

    Lisa Holmes

    HRW Realty Corp.

    (919) 783-1855

    1 in this area

    18 Total Sales

    Lisa Holmes
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Map

Source: Doorify MLS

MLS Number: 10144159

Doorify MLS

APN: 1729.01-47-7940-019

North Carolina Wake County Wake Forest 27587 Falls Lake

1500 River Mill Dr Unit 206, Wake Forest, NC

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