5316 Mill Dam Rd Wake Forest, NC 27587
Estimated payment $7,854/month
Highlights
- Private Waterfront
- Floating Dock
- Lake View
- Richland Creek Elementary School Rated A-
- Lake On Lot
- Open Floorplan
About This Home
Exclusive Wake Forest Lakefront Estate
Discover refined lakefront living with this private 4.35-acre retreat in Wake Forest, offering 4,614 sq. ft. of beautifully designed space, along with a 4 car garage! A four bedroom home that lives like a five bedroom home! Blending timeless craftsmanship with thoughtful updates, this custom-built estate delivers both luxury and peace of mind. Major upgrades include a new roof in 2018 and a tankless water heater 2024 ensuring modern comfort and long-term value. Crown molding, custom trim, and fresh paint throughout highlight the home's attention to detail.
The heart of the home features an updated kitchen with quartz counters with waterfall island, quartz slab back splash, custom cabinetry, premium fixtures, and an effortless flow for entertaining. The hardwood floors continue to the first-floor primary suite is a true sanctuary, and a fully renovated spa-inspired bathroom with dual shower heads and even a cedar closet space! Adjoining the primary is an elegant private office. A formal dining completes this estate with enough seating for 8 guests comfortably. Soaring ceilings and walls of windows in the two-story great room flood the home with natural light and frame breathtaking views of the lake.
Upstairs, two bedrooms with en suite baths and a separate bedroom, PLUS a spacious loft provide private havens for family or guests. A separate bonus wing with its own entry and staircase offers unmatched flexibility—ideal for multigenerational living, a guest retreat, or a home-based business. Here you will find another bedroom and loft area with a dinette kitchen!!!
Outdoor living is elevated with a covered porch, hot tub, fire pit, and private dock, all set against the backdrop of serene lakefront scenery. The four-car garage includes one bay that is fully heated and cooled—perfect for a workshop, studio, or climate-sensitive storage.
12x18 shed on permanent foundation.
All of this just minutes from Wake Forest's shopping, dining, and parks—an extraordinary estate where luxury and convenience meet.
Open House Schedule
-
Saturday, October 18, 202511:00 am to 3:00 pm10/18/2025 11:00:00 AM +00:0010/18/2025 3:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,600
Year Built
- Built in 1997
Lot Details
- 4.35 Acre Lot
- Private Waterfront
- 100 Feet of Waterfront
- Lake Front
- Secluded Lot
- Interior Lot
- Partially Wooded Lot
- Landscaped with Trees
- Back Yard Fenced and Front Yard
HOA Fees
- $35 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- Parking Pad
- Heated Garage
- Lighted Parking
- Parking Deck
- Side Facing Garage
- Garage Door Opener
- Private Driveway
- Additional Parking
Property Views
- Lake
- Woods
Home Design
- Transitional Architecture
- Shingle Roof
- Masonite
Interior Spaces
- 4,614 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Bookcases
- Crown Molding
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Chandelier
- Electric Fireplace
- Family Room with Fireplace
- Dining Room
- Home Office
- Loft
- Bonus Room
- Storage
- Basement
- Crawl Space
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Electric Cooktop
- Microwave
- Plumbed For Ice Maker
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
- Granite Countertops
- Quartz Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Cedar Closet
- Walk-In Closet
- In-Law or Guest Suite
- Double Vanity
- Private Water Closet
- Soaking Tub
- Bathtub with Shower
- Shower Only in Primary Bathroom
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Sink Near Laundry
Home Security
- Home Security System
- Smart Home
- Smart Locks
- Smart Thermostat
- Fire and Smoke Detector
Outdoor Features
- Floating Dock
- Dock Permitted
- Pond
- Lake On Lot
- Deck
- Wrap Around Porch
- Fire Pit
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Schools
- Richland Creek Elementary School
- Wake Forest Middle School
- Wake Forest High School
Utilities
- Forced Air Zoned Cooling and Heating System
- Power Generator
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 1861218543
Community Details
Overview
- Association fees include ground maintenance
- Millrace HOA, Phone Number (919) 723-8496
- Millrace Subdivision
- Maintained Community
- Community Lake
- Pond Year Round
Amenities
- Laundry Facilities
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 | $7,600 | $1,185,093 | $294,000 | $891,093 |
| 2024 | $7,379 | $1,185,093 | $294,000 | $891,093 |
| 2023 | $5,014 | $640,442 | $168,000 | $472,442 |
| 2022 | $4,645 | $640,442 | $168,000 | $472,442 |
| 2021 | $4,520 | $640,442 | $168,000 | $472,442 |
| 2020 | $4,445 | $640,442 | $168,000 | $472,442 |
| 2019 | $5,225 | $637,301 | $202,500 | $434,801 |
| 2018 | $4,802 | $637,301 | $202,500 | $434,801 |
| 2017 | $4,551 | $637,301 | $202,500 | $434,801 |
| 2016 | $4,459 | $637,301 | $202,500 | $434,801 |
| 2015 | $4,671 | $669,662 | $230,000 | $439,662 |
| 2014 | $4,426 | $669,662 | $230,000 | $439,662 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2025 10/02/25 | For Sale | $1,350,000 | +50.0% | $293 / Sq Ft |
| 12/15/2023 12/15/23 | Off Market | $900,000 | -- | -- |
| 09/08/2021 09/08/21 | Sold | $900,000 | +2.9% | $192 / Sq Ft |
| 06/21/2021 06/21/21 | Pending | -- | -- | -- |
| 06/18/2021 06/18/21 | For Sale | $875,000 | -- | $187 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional |
Source: Doorify MLS
MLS Number: 10125433
APN: 1861.03-21-8543-000
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.
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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
- 5904 Tranquil Cove
- 5373 Mill Dam Rd
- 2968 Hanging Valley Way
- 2960 Hanging Valley Way
- 2972 Hanging Valley Way
- 2964 Hanging Valley Way
- 1225 Coral Cay Bend
- 1229 Coral Cay Bend
- 1221 Coral Cay Bend
- 1240 Coral Cay Bend
- 1236 Coral Cay Bend
- 1232 Coral Cay Bend
- 1228 Coral Cay Bend
- 1224 Coral Cay Bend
- Dylan Plan at Rosedale - Venture Collection
- Sutton Plan at Rosedale - Venture Collection
- Edison II w/ 3rd Floor Plan at Rosedale - Classic Collection
- Eastman III Plan at Rosedale - Classic Collection
- Scottsdale Plan at Rosedale - Cottage Collection
- Waterbury Plan at Rosedale - Cottage Collection
- 304 Canyon Spring Lot#425 Trail
- 413 Canyon Spring Trail
- 1520 Foal Run Trail
- 152 Etteinne Garden Ln
- 1929 Latham Oaks Ave
- 1817 Union Point Way
- 205 Plott Hound Ln
- 228 Plott Hound Ln
- 2112 Longmont Dr
- 1868 Austin Ridge Pkwy
- 1728 Fern Hollow Trail
- 1712 Fern Hollow Trail
- 304 Trout Valley Rd
- 1620 Fern Hollow Trail
- 6333 Willowdell Dr
- 505 Richlands Cliff Dr
- 327 Azalea Gaze Dr
- 1387 Tarboro Rd
- 921 Mendocino St
- 6413 Willowlawn Dr