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For sale
    • Price cut: $24.9K (7/28)
    $1,325,000

    5300 Mill Dam Rd, Wake Forest, NC 27587

    4beds
    4,348sqft
    : 
    $7,752/mo
    Get pre-qualified
    Single Family Residence
    Built in 1997
    2.84 Acres Lot
    $1,271,600 Zestimate®
    $305/sqft
    $36/mo HOA

    What's special

    Waterfront homePeaceful viewsDedicated home officePrivate waterfront settingHome theaterFitness spaceTwo additional first-floor bedrooms
    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.
    58 days
    1,674
    32

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Ulrich 919-802-7282,

    AMG Realty LLC

    Source: Doorify MLS,MLS#: 10179572MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Primary bedroom
      • Level: Main
      • Area: 333.3 Square Feet
      • Dimensions: 16.5 x 20.2
      Bedroom 2
      • Level: Main
      • Area: 154.81 Square Feet
      • Dimensions: 11.3 x 13.7
      Bedroom 3
      • Level: Main
      • Area: 132.09 Square Feet
      • Dimensions: 11.1 x 11.9
      Bedroom 4
      • Level: Second
      • Area: 309.69 Square Feet
      • Dimensions: 20.11 x 15.4
      Bonus room
      • Level: Second
      • Area: 1024.32 Square Feet
      • Dimensions: 26.4 x 38.8
      Breakfast room
      • Level: Main
      • Area: 213.84 Square Feet
      • Dimensions: 16.2 x 13.2
      Dining room
      • Level: Main
      • Area: 152.95 Square Feet
      • Dimensions: 11.5 x 13.3
      Family room
      • Level: Main
      • Area: 386 Square Feet
      • Dimensions: 20.0 x 19.3
      Kitchen
      • Level: Main
      • Area: 409.5 Square Feet
      • Dimensions: 23.4 x 17.5
      Office
      • Level: Second
      • Area: 146.4 Square Feet
      • Dimensions: 8.0 x 18.3
      Heating
      • Central, Electric, Forced Air, Heat Pump
      Cooling
      • Central Air, Ceiling Fan(s), Electric, Heat Pump
      Appliances
      • Included: Bar Fridge, Dishwasher, Electric Oven, Electric Water Heater, Microwave, Propane Cooktop, Refrigerator, Range Hood, Water Purifier Owned, Wall Oven
      • Laundry: Laundry Room, Main Level, In Unit
      Features
      • Bar, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Entrance Foyer, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Storage, Vaulted Ceiling(s), Wet Bar, Walk-In Closet(s), Dining L, Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Water Closet, Radon Mitigation, Smooth Ceilings
      • Flooring: Hardwood, Tile
      • Windows: Plantation Shutters
      • Number of fireplaces: 1
      • Fireplace features: Family Room, Propane
      Interior area
      • Total structure area: 4,348
      • Total interior livable area: 4,348 sqft
      • Finished area above ground: 4,348
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Concrete, Driveway, Garage Faces Side, Garage, Garage Door Opener, Kitchen Level
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 1
      • Patio & porch: Covered, Front Porch, Patio, Screened
      • Exterior features: Private Yard, Rain Gutters, Fenced Yard
      • Fencing: Back Yard,Fenced
      • Has view: Yes
      • View description: Pond, Trees/Woods
      • Has water view: Yes
      • Water view: Pond
      • Waterfront features: Pond, Waterfront
      • Body of water: Austin Creek
      Lot
      • Size: 2.84 Acres
      • Features: Back Yard, Front Yard, Landscaped, Level, Many Trees, Pond on Lot, Views, Waterfront, Wooded, Hardwood Trees
      • Residential vegetation: Partially Wooded
      Details
      • Parcel number: 186103227038000 0215729
      • Zoning: R-30
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Transitional
      • Property subtype: Single Family Residence
      Materials
      • Fiber Cement, Stone
      • Foundation: Crawlspace
      • Roof: Architectural Shingle
      Condition
      • New construction: No
      • Year built: 1997

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Community Water
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Available, Water Connected, Septic Connected

      Community & HOA

      Community
      • Features: Fishing, Lake
      • Subdivision: Millrace
      HOA
      • Has HOA: Yes
      • Amenities included: Cabana, Maintenance Grounds, Pond Year Round
      • Services included: Maintenance Grounds
      • HOA fee: $436 annually
      • HOA name: Millrace HOA
      • HOA phone: 919-723-8496
      Location
      • Region: Wake Forest

      Financial & listing details

      • Price per square foot: $305/sqft
      • Tax assessed value: $967,049
      • Annual tax amount: $6,205
      • Date on market: 7/11/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan

        Estimated market value

        $1,271,600

        $1.21M - $1.34M

        $3,080/mo

        Price history

        DateEventPrice
        7/28/2026Price change$1,325,000-1.8%$305/sqft
        Source: Doorify MLS #10179572 Report a problem
        7/11/2026Listed for sale$1,349,900+45.2%$310/sqft
        Source: Doorify MLS #10179572 Report a problem
        11/29/2021Sold$930,000+69.1%$214/sqft
        Source: Public Record Report a problem
        10/27/2016Listing removed$550,000$126/sqft
        Source: Keller Williams - Chapel Hill #2062576 Report a problem
        8/20/2016Price change$550,000-4.3%$126/sqft
        Source: Keller Williams - Chapel Hill #2062576 Report a problem
        4/22/2016Listed for sale$575,000-1.3%$132/sqft
        Source: Keller Williams - Chapel Hill #2062576 Report a problem
        7/24/2006Sold$582,500$134/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,205 +3%$967,049
        2024$6,025 +30.7%$967,049 +64.3%
        2023$4,610 +7.9%$588,682
        2022$4,271 +2.8%$588,682
        2021$4,157 +1.7%$588,682
        2020$4,088 -5.5%$588,682 +11.6%
        2019$4,327 $527,342
        2018$4,327 +14.8%$527,342
        2017$3,769 +2.1%$527,342
        2016$3,693 -5%$527,342 -5.3%
        2015$3,889 $557,073
        2014-- $557,073
        2013-- $557,073
        2012-- $557,073
        2011-- $557,073
        2010-- $557,073
        2009-- $557,073
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 27587

        Getting around

        0 / 100
        Car-Dependent
        21 / 100
        Somewhat Bikeable

        Nearby schools

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

        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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