Stacey Horowitz
Long & Foster Real Estate INC/Raleigh
(877) 589-6035
215 Total Sales
18 in Wake Forest
$330K - $1.2M Price Range
5316 Mill Dam Rd Wake Forest, NC 27587
Wake Forest AreaEstimated Value: $1,314,000 - $1,436,008
4
Beds
5
Baths
4,614
Sq Ft
$298/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Floating Dock
- Lake View
- Richland Creek Elementary School Rated A-
- Lake On Lot
- 4.35 Acre Lot
About This Home
As of February 2026Exclusive 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! This is 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, 3 bedrooms, of which one has en suite bath, 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.
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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 | 1 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
- Separate 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
- Septic Tank
- 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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2025
Closed on
Feb 24, 2026
Sold by
Mudge Perry and Lee-Ross Ami
Bought by
Seller's Agent
Mike Ulrich
AMG Realty LLC
Buyer's Agent
Dana Ellington
Compass -- Raleigh
List Price
$1,350,000
Sold Price
$1,325,000
Premium/Discount to List
-$25,000
-1.85%
Views
241
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,252
Avg. Annual Appreciation
7.42%
Purchase Details
Listed on
May 20, 2021
Closed on
Sep 7, 2021
Sold by
Bannerman Roderick A and Bannerman Pamela W
Bought by
Perry Charles Jerry Mudge and Perry Ami Lee
Seller's Agent
Rob Zelem
Keller Williams Preferred Realty
Buyer's Agent
Jeffrey Scott
Pinecrest Residential
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$200,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2000
Sold by
Bannerman Roderick A and Bannerman Pamela W
Bought by
Bannerman Roderick A and Bannerman Pamela W
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wake Forest, NC
-
Stacey Horowitz
-
Melina Olivares
Melina Olivares
Robbins and Associates Realty
(888) 375-1286
47 Total Sales
1 in Wake Forest
$519,720 Price
-
Marsha House
Marsha House
EXP Realty LLC - C
(984) 305-2884
226 Total Sales
1 in Wake Forest
$570,000 Price
-
Evgenia Gavryuchkov
Evgenia Gavryuchkov
Keller Williams Legacy
(669) 279-4854
134 Total Sales
7 in Wake Forest
$322K - $575K Price Range
-
Mark Parker
Mark Parker
Corcoran DeRonja Real Estate
(833) 702-3583
25 Total Sales
2 in Wake Forest
$381K - $690K Price Range
-
Rebekah Lindsey
Rebekah Lindsey
Real Broker, LLC - Carolina Collective Realty
(866) 511-2873
122 Total Sales
6 in Wake Forest
$277K - $565K Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,325,000 | None Listed On Document | ||
| Perry Charles Jerry Mudge | $900,000 | None Available | |
| Bannerman Roderick A | -- | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $200,000 |
Source: Public Records
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 |
|---|---|---|---|---|---|
| 02/26/2026 02/26/26 | Sold | $1,325,000 | -1.9% | $287 / Sq Ft | |
| 01/13/2026 01/13/26 | Pending | -- | -- | -- | |
| 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 | View Prior Sale |
| 06/21/2021 06/21/21 | Pending | -- | -- | -- | |
| 06/18/2021 06/18/21 | For Sale | $875,000 | -- | $187 / Sq Ft |
Source: Doorify MLS
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 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Ulrich
Seller's Agent in 2026
Mike Ulrich
AMG Realty LLC
(919) 802-7282
71 Total Sales
-
Dana Ellington
Buyer's Agent in 2026
Dana Ellington
Compass -- Raleigh
(919) 622-5051
379 Total Sales
-
RZ
Seller's Agent in 2021
Rob Zelem
Keller Williams Preferred Realty
-
Jeffrey Scott
JS
Buyer's Agent in 2021
Jeffrey Scott
Pinecrest Residential
(919) 263-3663
59 Total Sales
Map
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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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