New Listing
Open House LogoIn-Person: 08/22 1:00 PM - 3:00 PM
$1,150,000
 $6,530 est/mo Sourced by Back At You

5340 Mill Dam Road,Wake Forest, NC 27587

Wake Forest, NC 27587

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Description

Surround yourself with nature, wide-open spaces, and peaceful water views in this exceptional Mill Race home! The main level features a spacious primary suite and dedicated home office, along with an inviting open-concept living area designed for both everyday living and entertaining. Upstairs offers three additional bedrooms and a versatile bonus room. The chef's kitchen is a true centerpiece, showcasing a large island, built-in refrigerator, and custom finishes throughout. Quality craftsmanship is evident in every detail of this beautifully designed home. Unwind on the back deck overlooking the water or launch a kayak for a relaxing adventure across the lake. The detached two-car garage has been thoughtfully converted into a studio guest house but could easily be transformed back into garage space to suit your needs. Welcome home to Mill Racewhere nature, comfort, and timeless craftsmanship come together!

Details

MLS #10187579
Listing TypeFor Sale
StyleHouse
HOA Dues$50
Sub-TypeResale
StatusActive
Year2007
Listing Provided ByMark Spain Real Estate | Janna Whitehorne

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet4,705
Garage2
Story(s)2
Acreage3.01
Water FrontLake Privileges
Property ViewLake

Interior

Interior FeaturesCeiling Fan(s), Coffered Ceiling(s), Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air, Electric
Fireplace FeaturesGas Log, Great Room, Living Room
Fireplaces Total2
Fireplace Yes / NoYes
Laundry FeaturesLaundry Room, Main Level
Rooms Total18

Exterior

Exterior FeaturesFenced Yard, Private Yard
RoofShingle
Foundation DetailsBlock
Lot FeaturesBack Yard, Gentle Sloping, Views, Waterfront, Beach Grassy, Deeded Water Access, Water View
Waterfront FeaturesLake Privileges
Community FeaturesLake
ViewLake
Construction MaterialsFiber Cement
Window FeaturesBlinds, Plantation Shutters
Patio And Porch FeaturesCovered, Deck, Front Porch, Rear Porch

Parking

Attached Garage Yes / NoYes
Garage Yes / NoYes
Parking FeaturesAdditional Parking, Attached, Garage Door Opener, Garage Faces Side

Location

Community FeaturesLake
Waterfront FeaturesLake Privileges

Utilities

SewerPrivate Sewer

Taxes

Tax Assessed Value1152429
Tax Legal DescriptionLo38 Millrace Sub Ph3 Bm1996-165
Tax Year2025

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:
$1,150,000
low | high
Med:
$1,299,999
36.956608695652% of Average
sqft:
4,705
low | high
Med:
3,824
68.724760892667% of Average
$ / sqft:
$244
low | high
Med:
$340
10.912877592323% of Average

Market Activity 27587

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Learn More About This Property

Open House
In-Person
08/22 1:00 PM - 3:00 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:
$1,150,000
low | high
Med:
$1,299,999
36.956608695652% of Average
sqft:
4,705
low | high
Med:
3,824
68.724760892667% of Average
$ / sqft:
$244
low | high
Med:
$340
10.912877592323% of Average
Nearby Listings (Within 1/4 mile)
Price: $862K - $1.437M
sqft: 3,500 - 5,500
Nearby Listings Property ImageNearby Listings Details
5300 Mill Dam Road Property Photo 1
$1,325,000
5300 Mill Dam Road
Wake Forest, NC 27587
7108 Mallard Crossing Way Property Photo 1
$1,299,999
7108 Mallard Crossing Way
Wake Forest, NC 27587
Listing Updated: August 20, 2026 at 1:58:12 PM PDT