5300 Mill Dam Rd Wake Forest, NC 27587
Wake Forest AreaEstimated payment $7,822/month
Highlights
- 100 Feet of Waterfront
- Home fronts a pond
- Open Floorplan
- Fishing
- 2.84 Acre Lot
- Community Lake
About This Home
Discover the perfect blend of privacy, versatility, and natural beauty in this exceptional waterfront home nestled on 2.84 acres in the sought-after Millrace community. Bordering Austin Creek and overlooking peaceful community ponds, this property offers a tranquil setting while remaining just minutes from the best of Wake Forest. Designed with flexibility in mind, the home features 4 bedrooms, a dedicated home office, and an oversized game room with a wet bar. The thoughtfully designed floor plan includes a main-level primary suite along with two additional first-floor bedrooms, making everyday living convenient for a variety of lifestyles. Upstairs, you'll find another private bedroom, office, and an expansive bonus/game room perfect for entertaining, a home theater, fitness space, or teen retreat. Outside, enjoy the serenity of your private waterfront setting with plenty of room for outdoor recreation, gardening, or simply relaxing while taking in the peaceful views. A spacious 2-car garage provides ample storage and convenience. Despite its secluded feel, this home is just a short drive to Downtown Wake Forest, where you'll enjoy locally owned restaurants, boutiques, coffee shops, and year-round community events. Outdoor enthusiasts will appreciate the nearby Falls Lake Recreation Area, E. Carroll Joyner Park, and Wake Forest's extensive greenway system, while shopping, grocery stores, and everyday conveniences along the Capital Boulevard corridor are all within easy reach. This is a rare opportunity to own a spacious waterfront property that combines the tranquility of country living with the convenience of one of Wake Forest's most desirable locations. Upgrades include HVAC (2022), Radon Mitigation System, Partial Crawlspace Encapsulation, RO Water Filter, Whole House Steam Humidifier.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,205
Year Built
- Built in 1997
Lot Details
- 2.84 Acre Lot
- Home fronts a pond
- 100 Feet of Waterfront
- Back Yard Fenced
- Partially Wooded Lot
- Property is zoned R-30
HOA Fees
- $36 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Parking Accessed On Kitchen Level
- Side Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Transitional Architecture
- Entry on the 1st floor
- Brick or Stone Mason
- Architectural Shingle Roof
- Radon Mitigation System
Interior Spaces
- 4,348 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wet Bar
- Built-In Features
- Bar Fridge
- Bar
- Crown Molding
- Smooth Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Chandelier
- Propane Fireplace
- Entrance Foyer
- Family Room with Fireplace
- L-Shaped Dining Room
- Screened Porch
- Storage
- Water Views
- Crawl Space
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Electric Oven
- Propane Cooktop
- Range Hood
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Double Vanity
- Private Water Closet
- Bathtub with Shower
- Separate Shower
Outdoor Features
- Pond
- Patio
- Rain Gutters
Schools
- Richland Creek Elementary School
- Wake Forest Middle School
- Wake Forest High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Water Purifier is Owned
- Septic Tank
- Septic System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 186103227038000 0215729
Community Details
Overview
- Association fees include ground maintenance
- Millrace HOA, Phone Number (919) 723-8496
- Millrace Subdivision
- Community Lake
Recreation
- Fishing
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,205 | $967,049 | $210,000 | $757,049 |
| 2024 | $6,025 | $967,049 | $210,000 | $757,049 |
| 2023 | $4,610 | $588,682 | $120,000 | $468,682 |
| 2022 | $4,271 | $588,682 | $120,000 | $468,682 |
| 2021 | $4,157 | $588,682 | $120,000 | $468,682 |
| 2020 | $4,088 | $588,682 | $120,000 | $468,682 |
| 2019 | $4,327 | $527,342 | $90,000 | $437,342 |
| 2018 | $3,977 | $527,342 | $90,000 | $437,342 |
| 2017 | $3,769 | $527,342 | $90,000 | $437,342 |
| 2016 | $3,693 | $527,342 | $90,000 | $437,342 |
| 2015 | $3,889 | $557,073 | $115,000 | $442,073 |
| 2014 | -- | $557,073 | $115,000 | $442,073 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/28/2026 07/28/26 | Price Changed | $1,325,000 | -1.8% | $305 / Sq Ft | |
| 07/11/2026 07/11/26 | For Sale | $1,349,900 | +45.2% | $310 / Sq Ft | |
| 12/15/2023 12/15/23 | Off Market | $930,000 | -- | -- | |
| 11/29/2021 11/29/21 | Sold | $930,000 | -- | $214 / Sq Ft | View Prior Sale |
| 10/10/2021 10/10/21 | Pending | -- | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $930,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $582,500 | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $430,000 | New Conventional | |
| Previous Owner | $250,000 | New Conventional | |
| Previous Owner | $466,000 | Purchase Money Mortgage |
Source: Doorify MLS
MLS Number: 10179572
APN: 1861.03-22-7038-000
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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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