5205 Mill Dam Rd Wake Forest, NC 27587
Estimated payment $8,065/month
Total Views
127,476
4
Beds
6
Baths
7,789
Sq Ft
$180
Price per Sq Ft
Highlights
- Lake Front
- 2 Acre Lot
- Wood Flooring
- Richland Creek Elementary School Rated A-
- Traditional Architecture
- Bonus Room
About This Home
Stunning Lakefront Estate with 7-Car Garage, Workshop, and Distinctive Architecture Design - 7789 Sq Ft
Welcome to your dream lakefront retreat! This exceptional 7,789FS custom home blends luxury living with practical design, offering everything you need for comfort, creativity, and entertaining.
Step outside to your private oasis featuring a newly completed paver patio with stone wall accents and romantic string lighting. A welcoming gathering space centered around a fire pit, offering the perfect spot for entertaining and staying toasty through every season. Unwind in the gazebo with a hot tub, or relax in the sunroom with heated floors, skylights, and a full wall of windows showcasing a private courtyard.
Car enthusiasts and hobbyists will love the 7-car garage and a spacious workshop with two dedicated 240V outlets—ideal for a planner, pottery kiln, or other equipment. An additional attached storage shed with a bay door offers even more space for tools and toys.
Inside, the home boasts thoughtful design and upscale touches throughout. The butler pantry walk-in makes entertaining seamless, while the kitchenette near the living room adds extra convenience. Enjoy two striking fireplaces: a 72-inch linear fireplace set in a floor-to-ceiling stone wall in the living room and a 36x36 fireplace with a custom wall mantle that adds warmth and character. The first-floor master suite offers privacy and comfort, and master bathroom features double shower heads and a jacuzzi tub. Additional highlights include:
Lake-fed irrigation for effortless landscaping
Two fully encapsulated crawlspaces, both with dehumidifiers and sump pumps
Newly insulated crawlspace doors, garage doors and two attics for energy saving Large flex space with a full bath set up above 4-car garage can be used as in-law suite
Two walk-in attics provide substantial storage or potential for expansion
Whether you're an entertainer, craftsman, car collector, or someone seeking peace by the water, this one-of-a-kind home offers the perfect blend of sophistication, space, and setting.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,416
Year Built
- Built in 2000
Lot Details
- 2 Acre Lot
- Lake Front
- Landscaped
- Corner Lot
- Many Trees
HOA Fees
- $35 Monthly HOA Fees
Parking
- 7 Car Attached Garage
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Brick Exterior Construction
- Architectural Shingle Roof
- Stone
Interior Spaces
- 7,789 Sq Ft Home
- 1-Story Property
- Built-In Features
- Bookcases
- Crown Molding
- Ceiling Fan
- Fireplace
- Family Room
- Living Room
- Dining Room
- Home Office
- Bonus Room
- Game Room
- Sun or Florida Room
- Crawl Space
- Unfinished Attic
Kitchen
- Butlers Pantry
- Built-In Oven
- Gas Cooktop
- Microwave
- Ice Maker
- Granite Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Soaking Tub
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Richland Creek Elementary School
- Wake Forest Middle School
- Wake Forest High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Septic Tank
Additional Features
- Smart Irrigation
- Rain Gutters
Community Details
- Mill Race HOA, Phone Number (919) 723-8496
- Mill Race Subdivision
Listing and Financial Details
- Assessor Parcel Number 1861.03-01-1026 0214378
3D Interior and Exterior Tours
Floorplans
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 | $8,416 | $1,312,750 | $231,000 | $1,081,750 |
| 2024 | $8,172 | $1,312,750 | $231,000 | $1,081,750 |
| 2023 | $6,519 | $833,468 | $132,000 | $701,468 |
| 2022 | $6,039 | $833,468 | $132,000 | $701,468 |
| 2021 | $5,877 | $833,468 | $132,000 | $701,468 |
| 2020 | $5,779 | $833,468 | $132,000 | $701,468 |
| 2019 | $6,102 | $744,723 | $94,500 | $650,223 |
| 2018 | $5,608 | $744,723 | $94,500 | $650,223 |
| 2017 | $5,315 | $744,723 | $94,500 | $650,223 |
| 2016 | $5,207 | $744,723 | $94,500 | $650,223 |
| 2015 | $5,696 | $817,283 | $161,000 | $656,283 |
| 2014 | -- | $817,283 | $161,000 | $656,283 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2026 03/11/26 | Pending | -- | -- | -- |
| 10/17/2025 10/17/25 | For Sale | $1,400,000 | -- | $180 / Sq Ft |
Source: Doorify MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $755,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $458,000 | None Available | |
| Warranty Deed | $382,500 | -- | |
| Warranty Deed | $75,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $131,100 | New Conventional | |
| Open | $548,250 | New Conventional | |
| Previous Owner | $514,000 | New Conventional | |
| Previous Owner | $359,650 | Fannie Mae Freddie Mac | |
| Previous Owner | $50,000 | No Value Available |
Source: Public Records
About the Listing Agent
As a licensed real estate broker with years of experience, I’m proud to work alongside my husband, Richard, as part of our team—Property Smiths. Together, we bring a thoughtful, client-centered approach to every transaction, blending personalized service with deep market knowledge. We’re affiliated with Northside Realty, a locally owned and independent brokerage with dozens of experienced agents—not a franchise, but a private firm rooted in the community. Whether you’re buying, selling, or
Jo's Other Listings
Source: Doorify MLS
MLS Number: 10128160
APN: 1861.03-01-1026-000
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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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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