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For sale
  • $1,400,000

    5205 Mill Dam Rd, Wake Forest, NC 27587

    4beds
    7,789sqft
    : 
    Single Family Residence, Residential
    Built in 2000
    2 Acres Lot
    $1,341,300 Zestimate®
    $180/sqft
    $35/mo HOA

    What's special

    Lakefront estateSpacious workshopStone wall accentsRomantic string lightingNewly completed paver patioDouble shower headsSunroom with heated floors
    Stunning Lakefront Estate with 7-Car Garage, Workshop, and Distinctive Architecture Design - 7789 Sq Ft Welcome to your dream lakefront retreat! This exceptional 7,789FS custom home blends luxury living with practical design, offering everything you need for comfort, creativity, and entertaining. Step outside to your private oasis featuring a newly completed paver patio with stone wall accents and romantic string lighting. A welcoming gathering space centered around a fire pit, offering the perfect spot for entertaining and staying toasty through every season. Unwind in the gazebo with a hot tub, or relax in the sunroom with heated floors, skylights, and a full wall of windows showcasing a private courtyard. Car enthusiasts and hobbyists will love the 7-car garage and a spacious workshop with two dedicated 240V outlets—ideal for a planner, pottery kiln, or other equipment. An additional attached storage shed with a bay door offers even more space for tools and toys. Inside, the home boasts thoughtful design and upscale touches throughout. The butler pantry walk-in makes entertaining seamless, while the kitchenette near the living room adds extra convenience. Enjoy two striking fireplaces: a 72-inch linear fireplace set in a floor-to-ceiling stone wall in the living room and a 36x36 fireplace with a custom wall mantle that adds warmth and character. The first-floor master suite offers privacy and comfort, and master bathroom features double shower heads and a jacuzzi tub. Additional highlights include: Lake-fed irrigation for effortless landscaping Two fully encapsulated crawlspaces, both with dehumidifiers and sump pumps Newly insulated crawlspace doors, garage doors and two attics for energy saving Large flex space with a full bath set up above 4-car garage can be used as in-law suite Two walk-in attics provide substantial storage or potential for expansion Whether you're an entertainer, craftsman, car collector, or someone seeking peace by the water, this one-of-a-kind home offers the perfect blend of sophistication, space, and setting.
    55 days
    |
    852
    |
    28
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 05, 2025 at 01:40pm

    Listed by:

    Jo Smith 919-302-4493,

    Northside Realty Inc.,

    Richard Smith 919-302-7344,

    Northside Realty Inc.

    Source: Doorify MLS,MLS#: 10128160MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 6
    • Full bathrooms: 4
    • 1/2 bathrooms: 2
    Heating
    • Electric, Forced Air, Natural Gas, Zoned
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Oven, Washer
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
    Features
    • Bookcases, Built-in Features, Pantry, Ceiling Fan(s), Crown Molding, Granite Counters
    • Flooring: Carpet, Hardwood, Tile
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 7,789
    • Total interior livable area: 7,789 sqft
    • Finished area above ground: 7,789
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 7
    • Parking features: Garage - Attached
    • Attached garage spaces: 7
    Features
    • Levels: Two
    • Stories: 1
    • Exterior features: Rain Gutters, Smart Irrigation
    • Has view: Yes
    Lot
    • Size: 2 Acres
    • Features: Corner Lot, Landscaped, Many Trees
    Details
    • Parcel number: 1861.03011026 0214378
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick, Fiber Cement, Stone
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2000

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Mill Race
    HOA
    • Has HOA: Yes
    • Amenities included: None
    • Services included: None
    • HOA fee: $416 annually
    Location
    • Region: Wake Forest

    Financial & listing details

    • Price per square foot: $180/sqft
    • Tax assessed value: $1,312,750
    • Annual tax amount: $8,416
    • Date on market: 10/17/2025

    Estimated market value

    $1,341,300

    $1.27M - $1.41M

    $4,213/mo

    Price history

    Price history
    DateEventPrice
    10/17/2025Listed for sale$1,400,000+85.4%$180/sqft
    Source: Doorify MLS #10128160 Report a problem
    4/9/2021Sold$755,000-5.6%$97/sqft
    Source: Doorify MLS #2349430 Report a problem
    10/27/2020Price change$799,9000%$103/sqft
    Source: EXP Realty #2349430 Report a problem
    9/26/2020Price change$800,000-5.9%$103/sqft
    Source: Keller Williams Preferred Realty #2325016 Report a problem
    7/23/2020Price change$850,000-2.9%$109/sqft
    Source: Keller Williams Brier Creek #2325016 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$8,416 +3%$1,312,750
    2024$8,172 +25.4%$1,312,750 +57.5%
    2023$6,519 +7.9%$833,468

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $8,252/mo
    Principal & interest
    $6969
    Property taxes
    $758
    Other costs
    $525

      Climate risks

      Neighborhood: 27587

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Wake - Richland Creek
      • Middle: Wake - Wake Forest
      • High: Wake - Wake Forest

      Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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