RENTED SEP 4, 2026

1500 River Mill Dr Unit 305 Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $296,191

1 Bed
1 Bath
715 Sq Ft
1854 Built

Highlights

  • 800 Feet of Waterfront
  • River Access
  • Wood Flooring
  • Wakefield Middle Rated A-
  • Partially Wooded Lot
  • Main Floor Primary Bedroom

About This Home

As of September 2026

Move in now and enjoy the sights and sounds of the Neuse River from this top floor architecturally unique river front,1 bedroom condo in the Historic River Mill community located on a 23 acre park-like grounds along the river. The 3rd floor entry bridge provides easy access to this condo. Outdoor enthusiasts enjoy access to the onsite walking trails, the gazebo and the Neuse River. Launch your kayak or canoe, go fishing, relax by the riverside or walk to Falls Lake. Kitchen upgraded with stainless appliances and granite counters and the walls and trim are freshly painted. Expansive 9 foot tall windows overlooking the river, fill the space with daylight. Hardwood floors and 2 foot thick granite walls enhance this picturesque and natural setting. The high ceilings add volume to the space. Convenient to both Wake Forest and North Raleigh. Permit 1 adult cat with $300 pet fee plus $25/month pet rent. Water included in rent and community laundry available at no additional charge.

Last Agent to Rent the Property

Lisa Holmes

HRW Realty Corp. License #175353 Listed on: 07/28/2026

Last Renter's Agent

Lisa Holmes

HRW Realty Corp. License #175353 Listed on: 07/28/2026

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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Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1854

Lot Details

  • 800 Feet of Waterfront
  • River Front
  • No Unit Above or Below
  • Two or More Common Walls
  • Partially Wooded Lot
  • Garden

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 715 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Oven
  • Free-Standing Electric Range
  • Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom
  • Primary bathroom on main floor
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • Additional Parking
  • 2 Open Parking Spaces
  • Parking Lot

Outdoor Features

  • River Access

Schools

  • Wakefield Elementary School
  • Wakefield Middle School
  • Wakefield High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Shared Septic
  • Septic System

Listing and Financial Details

  • Security Deposit $1,250
  • Property Available on 7/31/26
  • Tenant pays for electricity, 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 Condominium Owners Association, Phone Number (866) 473-2573
  • River Mill Subdivision

Pet Policy

  • $300 Pet Fee

Condo Details

Home Type

Condominium

Year Built

Built in 1854

Lot Details

0 Sq Ft Lot

Rental Info

  • Tenant Pays: Electricity, Air and Water Filters
  • Lease Term: 12 Months
  • Owner Pays: Association Fees
  • Available Date: 2026-07-31

Listing Details

  • Year Built: 1854
  • Prop. Type: Residential Lease
  • Reso Association Fee Includes: Sewer, Trash, Water
  • Subdivision Name: River Mill
  • Above Grade Finished Sq Ft: 715.0
  • Carport Y N: No
  • Entry Level: 3
  • Unit Levels: One
  • New Construction: No
  • Room Types Primary Bedroom Level: Main
  • General Property Information Enhanced Accessible2: No
  • General Property Information Water Frontage Length2: 800
  • Contract Information Security Deposit2: 1250
  • Building Features Accepts Section 8 Voucher: No
  • Room Types Primary Bathroom Level: Main
  • DelayedMarketingYN: No
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6Ik0wMDAwMDM4OSIsIkxpc3RpbmdJRCI6IjEwMTgyOTEwIiwiU3RhbmRhcmRTdGF0dXMiOiJDbG9zZWQiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA5LTA0VDE3OjI4OjExLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzI1ODcxIiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.jf4XKeo56bUA-CnWl8pjhmZ1GUWqDULqb9L-ZikvM08/badge
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Granite Counters, High Ceilings, Walk-In Closet(s), Living/Dining Room Combination, Bathtub/Shower Combination
  • Appliances: Dishwasher, Electric Water Heater, Free-Standing Electric Range, Oven, Refrigerator, Range Hood, Stainless Steel Appliance(s)
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: 3rd floor building level entry
  • Interior Features:Interior Features: Granite Counters, High Ceilings, Walk-In Closet(s), Living/Dining Room Combination, Bathtub/Shower Combination

Exterior Features

  • Water Body Name: Neuse River
  • Exterior Features: Garden
  • Fencing: None
  • Waterfront Features: River Access, River Front
  • Waterfront: Yes
  • Common Walls: 2+ Common Walls, No One Above
  • Patio And Porch Features: None

Garage/Parking

  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Additional Parking, Parking Lot
  • Total Parking Spaces: 2.0
  • General Property Information:Garage YN: No

Utilities

  • Utilities: Electricity Connected, Water Connected, Septic Connected
  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Sewer, See Remarks, Water
  • Association Fee Frequency: Monthly
  • Association Name: River Mill Condominium Owners Association
  • Phone: 1-866-473-2573
  • Association: Yes
  • Fees Application Fee: 75.0
  • Fees Pet Fee: 300.0

Schools

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

MLS Schools

  • Elementary School: Wake - Wakefield Elementary

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
Jan 24, 1989
Bought by
Current Estimated Value
$296,191
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

  • Shelley Welch Real Estate Agent - Compass -- Raleigh

    Shelley Welch

    Compass -- Raleigh

    (877) 679-4352

    56 Total Sales

    4 in Falls Lake

    $535K - $785K Price Range

    Shelley Welch
     Section Image
  • Bart Riddick Real Estate Agent - Coldwell Banker HPW

    Bart Riddick

    Coldwell Banker HPW

    (252) 396-6107

    33 Total Sales

    1 in Falls Lake

    $329,000 Price

    Bart Riddick
     Section Image
  • Pamela Mundra Real Estate Agent - Century 21 Triangle Group

    Pamela Mundra

    Century 21 Triangle Group

    (833) 437-4772

    82 Total Sales

    5 in Falls Lake

    $425K - $825K Price Range

    Pamela Mundra
     Section Image
  • Rachel Groff Real Estate Agent - Turnkey Residential LLC

    Rachel Groff

    Turnkey Residential LLC

    (984) 500-1196

    21 Total Sales

    1 in Falls Lake

    $800,000 Price

    Rachel Groff
     Section Image
  • Monica Foley Real Estate Agent - Foley Properties & Estates Co.

    Monica Foley

    Foley Properties & Estates Co.

    (888) 612-8474

    58 Total Sales

    3 in Falls Lake

    $950K - $1.1M Price Range

    Monica Foley
     Section Image
  • Susan Napolitano Real Estate Agent - Berkshire Hathaway HomeService

    Susan Napolitano

    Berkshire Hathaway HomeService

    (984) 305-3476

    79 Total Sales

    5 in Falls Lake

    $622K - $1.7M Price Range

    Susan Napolitano
     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
$37,500 --
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
09/04/2026 09/04/26 Rented $1,250 0.0% --
08/18/2026 08/18/26 Under Contract -- -- --
07/28/2026 07/28/26 For Rent $1,250 -- --
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 -- $287,671 $287,671
2024 $913 $287,671 $0 $287,671
2023 $738 $184,135 $0 $184,135
2022 $685 $184,135 $0 $184,135
2021 $667 $184,135 $0 $184,135
2020 $656 $184,135 $0 $184,135
2019 $556 $131,236 $0 $131,236
2018 $0 $131,236 $0 $131,236
2017 $0 $131,236 $0 $131,236
2016 $0 $131,236 $0 $131,236
2015 -- $128,808 $0 $128,808
2014 -- $128,808 $0 $128,808
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: 10182910

Doorify MLS

APN: 1729.01-47-7940-026

North Carolina Wake County Wake Forest 27587 Falls Lake

1500 River Mill Dr Unit 305, Wake Forest, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS 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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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