Open House LogoIn-Person: 08/22 2:00 PM - 4:00 PM
$1,325,000
 $7,523 est/mo Sourced by Back At You

5300 Mill Dam Road,Wake Forest, NC 27587

Wake Forest, NC 27587

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Description

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.

Details

MLS #10179572
Listing TypeFor Sale
StyleHouse
HOA Dues$436
Sub-TypeResale
StatusActive
Year1997
Days On Site40
Listing Provided ByAMG Realty LLC | Michael Ulrich

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet4,348
Garage2
Story(s)1
ZoningR-30
Acreage2.84
Water FrontPond, Waterfront
Property ViewPond, Trees, Woods

Interior

Interior FeaturesBar, Bathtub/Shower Combination, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Crown Molding, Dining L, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Radon Mitigation, Recessed Lighting, Separate Shower, Smooth Ceilings, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCeiling Fan(s), Central Air, Electric, Heat Pump
Fireplace FeaturesFamily Room, Propane
Fireplaces Total1
Fireplace Yes / NoYes
Laundry FeaturesIn Unit, Laundry Room, Main Level
Rooms Total10

Exterior

Exterior FeaturesFenced Yard, Private Yard, Rain Gutters
RoofArchitectural Shingle
Foundation DetailsCrawlspace
Lot FeaturesBack Yard, Front Yard, Hardwood Trees, Landscaped, Level, Many Trees, Pond on Lot, Views, Waterfront, Wooded, Water View
Waterfront FeaturesPond, Waterfront
Community FeaturesFishing, Lake
ViewPond, Trees/Woods
Construction MaterialsFiber Cement, Stone
Window FeaturesPlantation Shutters
Patio And Porch FeaturesCovered, Front Porch, Patio, Screened

Parking

Attached Garage Yes / NoYes
Garage Yes / NoYes
Parking FeaturesConcrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level

Location

Association AmenitiesCabana, Maintenance Grounds, Pond Year Round
Community FeaturesFishing, Lake
Waterfront FeaturesPond, Waterfront

Utilities

UtilitiesCable Connected, Electricity Connected, Natural Gas Available, Septic Connected, Water Connected
SewerSeptic Tank

Taxes

Tax Assessed Value967049
Tax Legal DescriptionLo44 Millrace Sub Ph11 Bm1995-821
Tax Year2025
Tax Map Number44

Area Information

StateNC
CountyWake
CityWake Forest
Zip Code27587
AreaWake
Community NameMillrace
School DistrictWake - Wake Forest High School
Elementary SchoolWake - Richland Creek Elementary
High SchoolWake - Wake Forest High School
Listing VS Median (in Millrace)
Price:
$1,325,000
low | high
Med:
$1,299,999
51.886867924528% of Average
sqft:
4,348
low | high
Med:
3,824
62.051517939282% of Average
$ / sqft:
$305
low | high
Med:
$340
38.44249522381% of Average
On site:
40
low | high
Med:
97
41.237113402062% of Average
Sourced by Back At You

Market Activity 27587

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Learn More About This Property

Open House
In-Person
08/22 2:00 PM - 4:00 PM
StateNC
CountyWake
CityWake Forest
Zip Code27587
AreaWake
Community NameMillrace
School DistrictWake - Wake Forest High School
Elementary SchoolWake - Richland Creek Elementary
High SchoolWake - Wake Forest High School
Listing VS Median (in Millrace)
Price:
$1,325,000
low | high
Med:
$1,299,999
51.886867924528% of Average
sqft:
4,348
low | high
Med:
3,824
62.051517939282% of Average
$ / sqft:
$305
low | high
Med:
$340
38.44249522381% of Average
On site:
40
low | high
Med:
97
41.237113402062% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $993K - $1.656M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
5340 Mill Dam Road Property Photo 1
$1,150,000
5340 Mill Dam Road
Wake Forest, NC 27587
5905 Tranquil Cove Property Photo 1
$875,000
5905 Tranquil Cove
Youngsville, NC 27596
Listing Updated: August 16, 2026 at 6:08:07 PM PDT