2345 Ballywater Lea Way Wake Forest, NC 27587
Falls Lake NeighborhoodEstimated payment $10,188/month
Highlights
- Open Floorplan
- Deck
- Freestanding Bathtub
- North Forest Pines Elementary School Rated A
- Living Room with Fireplace
- Transitional Architecture
About This Home
Showcased in the 2024 Parade of Homes, this custom-built ICG residence offers award-winning craftsmanship on a 1.11-acre pool-accommodating lot.
Just minutes to Downtown Wake Forest, Falls Lake, and Hasentree Golf, Swim & Tennis Club, this home blends luxury living with everyday convenience.
The main level includes a private study/guest suite with full en suite, a spacious owner's retreat, and hardwood floors throughout. The gourmet kitchen features quartz countertops, two-toned stacked cabinets to the ceiling, an oversized center island with quartz top and bar seating, designer pendant lighting, and a tile backsplash. The professional stainless appliance package includes a gas cooktop, double wall oven with separate microwave, built-in refrigerator, and washer/dryer. A walk-in pantry/scullery with sink, cabinetry, and full refrigerator, plus a butler's pantry with wine storage, enhance both function and design.
The owner's suite offers hardwood floors, a custom accent wall, and designer chandelier. The spa-worthy bath includes designer tile flooring, dual vanities with quartz and custom cabinetry, a freestanding tub, and a zero-entry shower with bench and handheld sprayer. A massive walk-in closet with custom built-ins also includes a stacked full-size washer and dryer.
The family room showcases a coffered ceiling and a floor-to-ceiling stone fireplace with custom built-ins, opening through quadruple sliding doors to a screened porch with a second stone fireplace—perfect for year-round entertaining.
Upstairs, every bedroom has its own en suite bath. The two-tiered game room offers a wet bar, half bath, and covered porch overlooking the backyard. A dedicated fitness room with en suite bath and a full laundry room with Electrolux washer/dryer, cabinetry, and sink complete the level.
All of this is just ten minutes from Hasentree Golf, Swim, and Tennis, with third-party memberships available at Hasentree Club.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,217
Year Built
- Built in 2024
Lot Details
- 1.11 Acre Lot
- Landscaped
- Many Trees
- Private Yard
HOA Fees
- $105 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Private Driveway
Home Design
- Transitional Architecture
- Brick Veneer
- Shingle Roof
Interior Spaces
- 4,877 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wet Bar
- Built-In Features
- Bookcases
- Coffered Ceiling
- Tray Ceiling
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Pendant Lighting
- Gas Log Fireplace
- Sliding Doors
- Family Room
- Living Room with Fireplace
- 2 Fireplaces
- Breakfast Room
- Dining Room
- Home Office
- Screened Porch
- Home Gym
- Basement
- Crawl Space
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Butlers Pantry
- Built-In Double Oven
- Gas Cooktop
- Microwave
- Plumbed For Ice Maker
- Dishwasher
- Quartz Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Primary bathroom on main floor
- Double Vanity
- Private Water Closet
- Freestanding Bathtub
- Bathtub with Shower
- Shower Only in Primary Bathroom
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on upper level
Eco-Friendly Details
- Energy-Efficient Appliances
Outdoor Features
- Deck
- Outdoor Fireplace
Schools
- N Forest Pines Elementary School
- Wakefield Middle School
- Wakefield High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
- Vented Exhaust Fan
- Natural Gas Connected
- Tankless Water Heater
- Septic Tank
- Cable TV Available
Community Details
- Association fees include ground maintenance
- Ppm Management Co./The Manors At Waterstone HOA, Phone Number (919) 848-4911
- Built by ICG Homes
- Waterstone Manors Subdivision
Listing and Financial Details
- Assessor Parcel Number 1821.02-55-0438.000
Map
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 | $9,217 | $1,437,949 | $250,000 | $1,187,949 |
| 2024 | $1,553 | $480,100 | $250,000 | $230,100 |
| 2023 | $1,403 | $180,000 | $180,000 | $0 |
| 2022 | $1,300 | $180,000 | $180,000 | $0 |
| 2021 | $0 | $180,000 | $180,000 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2025 10/02/25 | For Sale | $1,750,000 | +9.4% | $359 / Sq Ft | |
| 12/03/2024 12/03/24 | Price Changed | $1,600,000 | 0.0% | $330 / Sq Ft | |
| 12/02/2024 12/02/24 | Sold | $1,600,000 | -3.0% | $330 / Sq Ft | View Prior Sale |
| 10/18/2024 10/18/24 | Pending | -- | -- | -- | |
| 08/25/2024 08/25/24 | For Sale | $1,650,000 | 0.0% | $340 / Sq Ft | |
| 08/23/2024 08/23/24 | Off Market | $1,650,000 | -- | -- | |
| 04/28/2024 04/28/24 | For Sale | $1,650,000 | 0.0% | $340 / Sq Ft | |
| 04/25/2024 04/25/24 | Off Market | $1,650,000 | -- | -- | |
| 12/15/2023 12/15/23 | For Sale | $1,650,000 | -- | $340 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,600,000 | None Listed On Document | |
| Warranty Deed | $1,600,000 | None Listed On Document | |
| Warranty Deed | $635,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,050,000 | New Conventional | |
| Closed | $1,050,000 | New Conventional | |
| Closed | $0 | Commercial |
Source: Doorify MLS
MLS Number: 10125204
APN: 1821.02-55-0438-000
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