Set along the shores of a picturesque lake and surrounded by tranquil woods and preserved common area, this exceptional home offers a rare blend of privacy, comfort, and natural beauty. From the moment you arrive, the setting feels like a retreat where peaceful water views and abundant wildlife, including ducks, geese, and turtles, become part of everyday life. Inside, the main level welcomes you with rich hardwood floors that flow seamlessly throughout. The central living room, framed by custom built-in bookcases and a cozy fireplace, captures stunning lake views, while the family room boasts a dramatic cathedral ceiling, gas fireplace, and a panoramic view of the lake. An updated kitchen serves as the heart of the home, showcasing quartzite counters, walk-in pantry, and easy access to the surrounding living areas. A 1st floor office with a closet adds flexibility for remote work or additional guest space. The primary bedroom and a secondary bedroom are located on the first floor. The primary suite is a true sanctuary, featuring serene lake views, two walk-in closets, and an updated bath complete with an remodeled walk-in shower, garden tub and dual vanities with granite counters. The secondary bedroom also offers a walk-in closet and its own remodeled bath with a walk-in shower. Upstairs, you'll find a private ensuite retreat with a large walk-in closet, along with a charming flex room featuring a window seat. This versatile 224 sq ft space is not included in the total square footage as a portion of the room has 7-ft ceilings. The expansive 1,733 sq ft walk-in attic on the second floor offers incredible potential for future expansion or customization. Outdoor living stretches over the 3.07 acre property. An updated deck with composite flooring, leads down to a flagstone patio with a fire pit and is perfectly positioned to take in the lake views and experience sunlight dancing across the water. The adjoining wooded common area with natural walking paths enhances the sense of connection to nature. Just a short walk away, the charming community dock invites you to enjoy fishing and lakeside relaxation. This home has been meticulously maintained and updated, including a new roof (2019), first-floor HVAC (2021), second-floor HVAC (2014), fenced backyard, sealed crawlspace, recently painted exterior, natural gas installation, and $30,000 in landscaping and hardscaping improvements. Relish the beauty and tranquility of lakeside living in a private setting while being just minutes from shopping, dining, and healthcare.
Pending
$999,950
5228 Mill Dam Rd, Wake Forest, NC 27587
3beds
3,045sqft
Est.:
Single Family Residence, Residential
Built in 2001
3.07 Acres Lot
$1,000,400 Zestimate®
$328/sqft
$35/mo HOA
What's special
Cozy fireplacePeaceful water viewsFenced backyardWalk-in pantryRecently painted exterior
- 24 days |
- 1,313 |
- 125 |
Zillow last checked:
Listing updated:
Listed by:
Kimberly Conroy 919-539-2860,
Coldwell Banker HPW
Source: Doorify MLS,MLS#: 10158980
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Fireplace(s), Forced Air, Gas Pack, Natural Gas, Propane
Cooling
- Central Air
Appliances
- Included: Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
- Laundry: Laundry Room, Main Level, Sink
Features
- Bathtub/Shower Combination, Bookcases, Ceiling Fan(s), Central Vacuum, Coffered Ceiling(s), Double Vanity, Dual Closets, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Master Downstairs, Recessed Lighting, Separate Shower, Smooth Ceilings, Storage, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet
- Flooring: Carpet, Ceramic Tile, Hardwood
- Windows: Insulated Windows
- Number of fireplaces: 2
- Fireplace features: Family Room, Living Room
Interior area
- Total structure area: 3,045
- Total interior livable area: 3,045 sqft
- Finished area above ground: 3,045
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Deck, Garage, Garage Door Opener, Garage Faces Side
- Attached garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Front Porch, Patio
- Exterior features: Fenced Yard, Fire Pit, Private Yard, Rain Gutters
- Fencing: Back Yard
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Waterfront
Lot
- Size: 3.07 Acres
- Features: Lake on Lot, Landscaped, Many Trees, Private, Wooded
Details
- Additional structures: Garage(s)
- Parcel number: 1861113765
- Special conditions: Probate Listing
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Single Family Residence, Residential
Materials
- Fiber Cement
- Roof: Shingle
Condition
- New construction: No
- Year built: 2001
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Propane
Community & HOA
Community
- Features: Fishing, Lake
- Subdivision: Millrace
HOA
- Has HOA: Yes
- Services included: Storm Water Maintenance
- HOA fee: $416 annually
Location
- Region: Wake Forest
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $810,304
- Annual tax amount: $5,202
- Date on market: 4/10/2026
Estimated market value
$1,000,400
$950,000 - $1.05M
$3,395/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Pending sale | $999,950$328/sqft |
Source: | ||
| 4/10/2026 | Listed for sale | $999,950+141%$328/sqft |
Source: | ||
| 4/19/2013 | Sold | $415,000+1%$136/sqft |
Source: Public Record Report a problem | ||
| 2/23/2013 | Listed for sale | $410,850-35.7%$135/sqft |
Source: WSR Home Buyers, LLC #1875350 Report a problem | ||
| 11/30/2007 | Sold | $639,000+45.2%$210/sqft |
Source: Public Record Report a problem | ||
| 7/1/2005 | Sold | $440,000+26.6%$144/sqft |
Source: Public Record Report a problem | ||
| 8/20/2001 | Sold | $347,500+215.9%$114/sqft |
Source: Public Record Report a problem | ||
| 3/6/2001 | Sold | $110,000+22.2%$36/sqft |
Source: Public Record Report a problem | ||
| 12/22/2000 | Sold | $90,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,203 +3% | $810,304 |
| 2024 | $5,052 +37.9% | $810,304 +73.4% |
| 2023 | $3,663 +7.9% | $467,258 |
| 2022 | $3,395 +2.8% | $467,258 |
| 2021 | $3,303 +1.7% | $467,258 |
| 2020 | $3,249 -4.6% | $467,258 +12.7% |
| 2019 | $3,406 | $414,568 |
| 2018 | $3,406 +14.8% | $414,568 |
| 2017 | $2,968 +2.1% | $414,568 |
| 2016 | $2,907 -17.2% | $414,568 -17.5% |
| 2015 | $3,510 +5.5% | $502,532 -9.3% |
| 2014 | $3,327 | $554,265 |
| 2013 | -- | $554,265 |
| 2012 | -- | $554,265 |
| 2011 | -- | $554,265 |
| 2010 | -- | $554,265 |
| 2009 | -- | $554,265 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$5,468/mo
Principal & interest
$4866
Property taxes
$567
HOA Fees
$35
More affordability tools
Climate risks
Neighborhood: 27587
Nearby schools
GreatSchools rating
- 8/10Richland Creek Elementary SchoolGrades: PK-5Distance: 3.9 mi
- 4/10Wake Forest Middle SchoolGrades: 6-8Distance: 4.6 mi
- 7/10Wake Forest High SchoolGrades: 9-12Distance: 3.4 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Wake Forest
- 27587
- 5228 Mill Dam Rd








