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.
For sale
Price cut: $24.9K (7/28)
$1,325,000
5300 Mill Dam Rd, Wake Forest, NC 27587
4beds
4,348sqft
Single Family Residence, Residential
Built in 1997
2.84 Acres Lot
$1,274,100 Zestimate®
$305/sqft
$36/mo HOA
What's special
Waterfront homePeaceful viewsDedicated home officePrivate waterfront settingHome theaterFitness spaceTwo additional first-floor bedrooms
- 48 days
- 2,498
- 35
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michael Ulrich 919-802-7282,
AMG Realty LLC
Source: Doorify MLS,MLS#: 10179572
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Central, Electric, Forced Air, Heat Pump
Cooling
- Ceiling Fan(s), Central Air, Electric, Heat Pump
Appliances
- Included: Bar Fridge, Dishwasher, Electric Oven, Electric Water Heater, Microwave, Propane Cooktop, Range Hood, Refrigerator, Oven, Water Purifier Owned
- Laundry: In Unit, Laundry Room, Main Level
Features
- Bar, 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, Master Downstairs, Radon Mitigation, Recessed Lighting, Separate Shower, Smooth Ceilings, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
- 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, Garage Door Opener, Garage Faces Side, Kitchen Level
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 1
- Patio & porch: Covered, Front Porch, Patio, Screened
- Exterior features: Fenced Yard, Private Yard, Rain Gutters
- 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, Hardwood Trees, Landscaped, Level, Many Trees, Pond on Lot, Views, 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, Residential
Materials
- Fiber Cement, Stone
- Roof: Shingle
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Available, Septic Connected, Water 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
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
Estimated market value
$1,274,100
$1.21M - $1.34M
$3,190/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $1,325,000-1.8%$305/sqft |
Source:  Doorify MLS #10179572 Report a problem | ||
| 7/11/2026 | Listed for sale | $1,349,900+45.2%$310/sqft |
Source: Doorify MLS #10179572 Report a problem | ||
| 11/29/2021 | Sold | $930,000+69.1%$214/sqft |
Source: Doorify MLS #2412698 Report a problem | ||
| 10/27/2016 | Listing removed | $550,000$126/sqft |
Source: Keller Williams - Chapel Hill #2062576 Report a problem | ||
| 8/20/2016 | Price change | $550,000-4.3%$126/sqft |
Source: Keller Williams - Chapel Hill #2062576 Report a problem | ||
| 4/22/2016 | Listed for sale | $575,000-1.3%$132/sqft |
Source: Keller Williams - Chapel Hill #2062576 Report a problem | ||
| 7/24/2006 | Sold | $582,500$134/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 27587
Nearby schools
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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