$999,950
PENDING

5228 Mill Dam Rd Wake Forest, NC 27587

Estimated payment $5,771/month

Total Views 272
3 Beds
3.5 Baths
3,045 Sq Ft
$328 Price per Sq Ft

Highlights

  • Lake Front
  • Fishing
  • Open Floorplan
  • Richland Creek Elementary School Rated A-
  • 3.07 Acre Lot
  • Community Lake

About This Home

Set along the shores of a picturesque lake and surrounded by tranquil woods and preserved common area, this exceptional home offers a rare blend of privacy, comfort, and natural beauty. From the moment you arrive, the setting feels like a retreat where peaceful water views and abundant wildlife, including ducks, geese, and turtles, become part of everyday life. Inside, the main level welcomes you with rich hardwood floors that flow seamlessly throughout. The central living room, framed by custom built-in bookcases and a cozy fireplace, captures stunning lake views, while the family room boasts a dramatic cathedral ceiling, gas fireplace, and a panoramic view of the lake. An updated kitchen serves as the heart of the home, showcasing quartzite counters, walk-in pantry, and easy access to the surrounding living areas. A 1st floor office with a closet adds flexibility for remote work or additional guest space. The primary bedroom and a secondary bedroom are located on the first floor. The primary suite is a true sanctuary, featuring serene lake views, two walk-in closets, and an updated bath complete with an remodeled walk-in shower, garden tub and dual vanities with granite counters. The secondary bedroom also offers a walk-in closet and its own remodeled bath with a walk-in shower. Upstairs, you'll find a private ensuite retreat with a large walk-in closet, along with a charming flex room featuring a window seat. This versatile 224 sq ft space is not included in the total square footage as a portion of the room has 7-ft ceilings. The expansive 1,733 sq ft walk-in attic on the second floor offers incredible potential for future expansion or customization. Outdoor living stretches over the 3.07 acre property. An updated deck with composite flooring, leads down to a flagstone patio with a fire pit and is perfectly positioned to take in the lake views and experience sunlight dancing across the water. The adjoining wooded common area with natural walking paths enhances the sense of connection to nature. Just a short walk away, the charming community dock invites you to enjoy fishing and lakeside relaxation. This home has been meticulously maintained and updated, including a new roof (2019), first-floor HVAC (2021), second-floor HVAC (2014), fenced backyard, sealed crawlspace, recently painted exterior, natural gas installation, and $30,000 in landscaping and hardscaping improvements. Relish the beauty and tranquility of lakeside living in a private setting while being just minutes from shopping, dining, and healthcare.

Listing Agent

Kimberly Conroy

Coldwell Banker HPW License #225356 Listed on: 04/10/2026

Coldwell Banker HPW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,203

Year Built

  • Built in 2001

Lot Details

  • 3.07 Acre Lot
  • Lake Front
  • Back Yard Fenced
  • Partially Wooded Lot

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Farmhouse Style Home
  • Shingle Roof

Interior Spaces

  • 3,045 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • Central Vacuum
  • Bookcases
  • Bar Fridge
  • Coffered Ceiling
  • Tray Ceiling
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Storage
  • Washer and Dryer
  • Water Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Dual Closets
  • Walk-In Closet
  • Double Vanity
  • Private Water Closet
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower

Attic

  • Attic Floors
  • Walk-In Attic
  • Permanent Attic Stairs
  • Unfinished Attic

Outdoor Features

  • Patio
  • Fire Pit
  • Rain Gutters
  • Front Porch

Schools

  • Richland Creek Elementary School
  • Wake Forest Middle School
  • Wake Forest High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Propane
  • Natural Gas Connected
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1861113765

Community Details

Overview

  • Association fees include storm water maintenance
  • Millrace HOA, Phone Number (919) 723-8496
  • Millrace Subdivision
  • Community Lake

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,203

Year Built

Built in 2001

Lot Details

3.07 Acres

HOA Fees

$35 per month

Parking

2

Listing Details

  • Year Built: 2001
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Horses: No
  • Reso Association Fee Includes: Storm Water Maintenance
  • Subdivision Name: Millrace
  • Above Grade Finished Sq Ft: 3045.0
  • Architectural Style: Farmhouse
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • General Property Information Total Unfinished Area2: 1733.0
  • General Property Information Association Fee Required YN: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Primary Bedroom Level: Main
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 34.6
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bookcases, Ceiling Fan(s), Coffered Ceiling(s), Central Vacuum, Double Vanity, High Ceilings, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Storage, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Water Closet, Smooth Ceilings
  • Appliances: Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Living Room
  • Fireplaces: 2
  • Main Level Bedrooms: 2

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fire Pit, Private Yard, Rain Gutters, Fenced Yard
  • Fencing: Back Yard
  • Acres: 3.07
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Fiber Cement
  • Foundation Details: Crawlspace
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Deck, Garage Faces Side, Garage, Garage Door Opener

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Propane, Sewer Connected
  • Heating: Fireplace(s), Forced Air, Natural Gas, Propane, Gas Pack
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water

Condo/Co-op/Association

  • Community Features: Fishing, Lake
  • Senior Community: No
  • Association Fee: 416.0
  • Association Fee Frequency: Annually
  • Association Name: Millrace HOA
  • Phone: 919-723-8496
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 133729.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 1861113765

Tax Info

  • Tax Annual Amount: 5202.7
  • Tax Year: 2025

MLS Schools

  • Elementary School: Wake - Richland Creek

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,203 $810,304 $273,000 $537,304
2024 $5,052 $810,304 $273,000 $537,304
2023 $3,663 $467,258 $156,000 $311,258
2022 $3,395 $467,258 $156,000 $311,258
2021 $3,303 $467,258 $156,000 $311,258
2020 $3,249 $467,258 $156,000 $311,258
2019 $3,406 $414,568 $121,500 $293,068
2018 $3,131 $414,568 $121,500 $293,068
2017 $2,968 $414,568 $121,500 $293,068
2016 $2,907 $414,568 $121,500 $293,068
2015 $3,510 $502,532 $207,000 $295,532
2014 $3,327 $554,265 $230,000 $324,265
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2026 04/12/26 Pending -- -- --
04/10/2026 04/10/26 For Sale $999,950 -- $328 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $415,000 None Available
Trustee Deed $397,500 None Available
Warranty Deed $639,000 None Available
Warranty Deed $440,000 --
Warranty Deed $347,500 --
Warranty Deed $110,000 Fidelity National Insurance
Warranty Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $511,200 Purchase Money Mortgage
Previous Owner $327,000 No Value Available
Source: Public Records

Source: Doorify MLS

MLS Number: 10158980

Doorify MLS

APN: 1861.03-11-3765-000

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