5248 Mill Dam Rd, Wake Forest, NC 27587
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Property image
OFF MARKET

5248 Mill Dam Rd
Wake Forest, NC 27587

  • 3 Beds
  • 3.5 Baths
  • 3,913 sqft (on 3.26 acres)

$1,285,400

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $7,228/mo*
Refinance Your Home

$1,285,400

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $7,228/mo*
Refinance Your Home
3 Beds
3.5 Baths
3,913 sqft
(on 3.26 acres)

Local Information

  • Map ViewExplore the area around 5248 Mill Dam Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

CUSTOM BUILT RANCH HOME on over 3 acres w/180 degrees of a Breathtaking WATERFRONT LAKE VIEW! LOW HOA's, NO CITY TAXES! You DO NOT want to miss out on this Meticulously Maintained Home & Yard. 13 ft ceilings, Walk out Basement,Views from EVERY room in the House,Large Screened Porch,Back Deck that spans the length of the House,2 Gas Fireplaces,3 Car Garage,Private lot, Long Driveway that leads you to the HOUSE of YOUR DREAMS!Circular Driveway,Covered Parking to Front Solid Mahogany Double Front Doors.Open Foyer to Living Room & Separate Dining Room.Private Home Office,Large Primary Suite w/Large En Suite, Skylights,Walk in Shower,Gas Fireplace,Walk In Closet,Access to Laundry Rm and Amazing Views of Backyard and Lake.Kitchen & Breakfast Area are Open to Family Rm w/direct access to Screened in Porch & Deck. Secondary Bedrooms & Additional Full Bath w/Walk in Shower, Tub & Dual Sinks in Private wing on home. Daylight Walk out Basement is a wonderful space for you to use how best fits your needs & Additional Full Bath finishing the space! Such a relaxing tranquil setting w/ in minutes from shopping, restaurants & more
5248 Mill Dam Rd, Wake Forest, NC 27587 is a 3 bedroom, 4 bathroom, 3,913 sqft single-family home built in 1998. It last sold for $1,150,000 on Jul 14, 2023 (10% below the $1,275,000 asking price). It is currently off market. The Trulia Estimate is $1,285,400, with a rent estimate of $3,497/month.

Home Highlights

Parking
3 Car Garage
Outdoor
Porch, Deck
A/C
Heating & Cooling
HOA
$29/Monthly
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 5248 Mill Dam Rd

Interior Features

Interior Details
Basement: Daylight, Exterior Entry, Finished, Heated, Interior EntryNumber of Rooms: 15Wet Bar
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 3913 Square Feet
Appliances & Utilities
Utilities: Cable AvailableAppliances: Cooktop, Dishwasher, Double Oven, Electric Cooktop, Gas Water Heater, Refrigerator, Tankless Water Heater, OvenDishwasherLaundry: Main LevelRefrigerator
Heating & Cooling
Heating: Natural Gas, ZonedHas CoolingAir Conditioning: Central Air, ZonedHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Family Room, Gas Log, Master BedroomHas a Fireplace
Windows, Doors, Floors & Walls
Window: Blinds, Skylight(s)Flooring: Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: Accessible Doors, Accessible Washer/Dryer, Level FlooringFloors: Carpet, Tile
View
Has a View

Exterior Features

Exterior Home Features
Patio / Porch: Covered, Deck, Porch, ScreenedExterior: Rain GuttersNo Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Has a CarportHas a GarageHas an Attached GarageParking Spaces: 3Parking: Attached,Carport,Circular Driveway,Concrete,Covered,Driveway,Garage,Garage Door Opener,Garage Faces Front
Frontage
WaterfrontWaterfront: LakeOn Waterfront
Water & Sewer
Sewer: Septic TankWater Body: Unnamed
Finished Area
Finished Area (above surface): 3031 Square FeetFinished Area (below surface): 882 Square Feet

Property Information

Year Built
Year Built: 1998
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialStructure Type: Site BuiltArchitecture: Contemporary, Ranch, Transitional
Building
Construction Materials: StuccoNot a New Construction

Price & Status

Price
List Price: $1,275,000

Active Status

MLS Status: Closed

Location

Direction & Address
City: Wake ForestCommunity: Millrace
School Information
Elementary School: Wake - Richland CreekJr High / Middle School: Wake - Wake ForestHigh School: Wake - Wake Forest

Building

Building Area
Building Area: 3913 Square Feet

HOA

Has an HOAHOA Fee: $344/Annually

Lot Information

Lot Area: 3.26 Acres

Energy

Energy Efficiency Features: Insulation, Lighting, Thermostat

Miscellaneous

BasementMls Number: 2512147Above Grade Unfinished Area: 3031

Additional Information

Source Internet Entire Listing Display
Last check for updates: about 1 hour ago
Listed by Allison Caudle, (919) 395-6186
Southern Lux Living
Bought with: Non Member, Non Member Office
Source: Doorify MLS, MLS#2512147

Price History for 5248 Mill Dam Rd

DatePriceEventSource
07/14/2023$1,150,000Sold
Doorify MLS #2512147
06/24/2023$1,275,000ContingentDoorify MLS #2512147
05/25/2023$1,275,000Listed For SaleDoorify MLS #2512147

Market trends in Wake Forest

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$529K
$15KMoM
Sale-to-List Price
98.7%
0.2%MoM
Price per sq ft
$210
$2MoM
Available listings
528
52MoM
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Property Tax and Assessment

Year2025
Tax$7,317
Assessment$1,140,896
Home facts updated by county records

Comparable Sales for 5248 Mill Dam Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5228 Mill Dam Rd, Wake Forest, NC
0.10
Single-Family Home
$1,000,000
05/29/26
3
3.5
3,045
5344 Mill Dam Rd, Wake Forest, NC
0.16
Single-Family Home
$950,000
07/28/25
4
4.5
4,144
5316 Mill Dam Rd, Wake Forest, NC
0.21
Single-Family Home
$1,325,000
02/26/26
4
4
4,614
5373 Mill Dam Rd, Wake Forest, NC
0.27
Single-Family Home
$800,000
01/27/26
4
3
3,247
5241 Mill Dam Rd, Wake Forest, NC
0.11
Single-Family Home
$750,000
09/15/25
4
3.5
3,024
2117 Averette Rd, Wake Forest, NC
0.56
Single-Family Home
$900,000
11/10/25
3
4.5
2,730
5205 Mill Dam Rd, Wake Forest, NC
0.35
Single-Family Home
$1,200,000
04/28/26
4
5
7,789
5900 Tranquil Cv, Youngsville, NC
0.40
Single-Family Home
$700,000
09/23/25
4
3
2,475
313 Toadstool Trl, Wake Forest, NC
0.36
Single-Family Home
$627,000
06/10/26
5
4
3,545
1526 Cloverfield Ct, Wake Forest, NC
0.38
Single-Family Home
$650,000
08/27/25
5
4
3,552

Nearby homes

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Assigned Schools

These are the assigned schools for 5248 Mill Dam Rd.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Wake Forest

At least 407 Trulia users voted on each feature.

  • 94 % Say car is needed

  • 93 % Say it's dog friendly

  • 87 % Say parking is easy

  • 83 % Say there's holiday spirit

  • 80 % Say people would walk alone at night

  • 79 % Say yards are well-kept

  • 76 % Say kids play outside

  • 75 % Say there are sidewalks

  • 73 % Say it's quiet

  • 68 % Say streets are well-lit

  • 64 % Say neighbors are friendly

  • 59 % Say they plan to stay for at least 5 years

  • 58 % Say there's wildlife

  • 49 % Say there are community events

  • 36 % Say it's walkable to restaurants

  • 33 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Terri Coleman
    "I have lived in Wake Forest since 2004. Wake Forest has not done the best with infrastructure, but we have liked the neighborhoods we have lived in. "
    0
    Flag
  • Elizabeth Miller
    "Lovely town with quaint feel but near larger cities of Raleigh and Durham with loads of shops and medical resources."
    0
    Flag
  • Lou 3000
    "Everyone normally cleans after their pups and keeps them leashed. Neighborhood is normally clean and neighbors normally tend to their lawn."
    0
    Flag
  • Taliaxo194
    "So far so good. 4 months in. Everyone is super “neighborly” Would recommend to families. "
    0
    Flag
  • Itriplie94
    "I drive 18min to get to work grocery stores are nearby and fast food is nearby as well I drive 10min to closest car charger"
    0
    Flag
  • Dakotac
    "Feels like a hallmark town. Stuff around but not overcrowded feeling!! Lots of greenery & a cute downtown"
    0
    Flag
  • Lou 3000
    "The neighborhood has a lot of side walks. There are also many hills in this neighborhood. Walking trails are near so this is perfect for dog walking. "
    0
    Flag
  • Lou 3000
    "Many walking trails, libraries and other extracurricular activities available for kids. Not many sidewalk accessibility other than main neighborhood."
    0
    Flag
  • Danielle Livingston
    "I am not familiar with community events that make our neighborhood feel special. There is Friday Night on White; it is not special. "
    0
    Flag
  • Madison Smith
    "Lots of families and group events. Everyone is friendly and I feel safe in this area. Would recommend "
    0
    Flag
  • Monica.ortega70
    "Nice quiet neighborhood with well kept homes with huge property lots. Family oriented neighborhood "
    0
    Flag
  • Madison Smith
    "Very friendly neighbors, great community that respects each other. Not sure about schooling because my little is 1 but I’ve heard good things."
    0
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  • Monica.ortega70
    "Big yards for dogs to play in. Friendly neighborhood for walking your dog. Many parks and trails to take your dog on hikes. "
    0
    Flag
  • Brittany Brathwaite
    "Really nice area for family and enjoyable living. Plenty of fun things to do. You will need transportation. Some residents like to complain because the sky is blue - but other than that, great place to live outside of Raleigh. "
    0
    Flag
  • Michael Roberti
    "The commute to Morrisville and back is brutal. Lots of traffic on US 1 and 540. Accidents every day. People drive like maniacs weaving in and out of traffic. It is the only drawback to living here."
    0
    Flag
  • Vhfdbgt7kd
    "We have a neighborhood pool with snack bar and bar which families can join. Kids can then participate in swim team. "
    0
    Flag
  • Brittany Brathwaite
    "All of the people here are very friendly except for the few that seem to forget what it’s like to be a kid (or teenager) and enjoy being alive!"
    0
    Flag
  • Sally Dixon
    "Location location location! Lots of community events, town events lots to do and see. Beautiful greenway and lots of amenities! "
    4
    Flag
  • Brittany Brathwaite
    "There are great families, schools parks and resources for everyone. But not many outlets for teens. "
    0
    Flag
  • Ljaddison
    "The community is walkable and has ample walking and bike trails, a large community pool, and all grounds are well maintained. "
    1
    Flag
  • Brittany Brathwaite
    "People walk their dogs and for the most part, they’re responsible for the pet’s waste. Unfortunately, people are less tolerable of middle school age children and high schoolers simply being kids. "
    1
    Flag
  • PegH
    "A real sense of community. We all look out for each other; never is it as obvious as when the last bad storm came through. Everyone was out the next morning helping to clean up tree limbs and leaves from the entire cut-de-sac, not just their own yard, sharing tools, equipment and man power. "
    0
    Flag
  • Peggymhaas
    "We’ve lived here for 14+ years and love it. This little town has so much to offer; great restaurants, theater, parks, greenways and wonderful people! "
    9
    Flag
  • Andrew W.
    "Pools are awesome. Neighbors are awesome. Convenient to everything you need. Great community! "
    0
    Flag
  • Lwbenn
    "A bit of traffic around 4:00 to 6:00pm. My neighborhood is gated and has a very nice, exclusive Country Club. My neighborhood has it’s very own private security service and they constantly patrol the neighborhood."
    9
    Flag
  • Camcolwill
    "This is a good neighborhood to raise children. The only concern I would have as a parent of a teenager would be them learning to drive in heavy traffic"
    0
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  • Patsy
    "Schools are great. Very family oriented there is something for everyone in Wake Forest. Lots of nature & not far from Raleigh."
    0
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  • Naresh G.
    "Quiet, not crowded No traffic Nice neighbors Family friendly community Plenty of supermarkets Awesome trails for hiking "
    0
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  • Camcolwill
    "Community events in the park and on the Main Street are popular events for the community. The farmers market and the dog park are also popular"
    0
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  • Kingangel73
    "Wake Forest is warm and welcoming. It is family oriented and pet friendly. The school are great and there's tons of things to do. "
    0
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  • Patsy
    "Challenging at peak times of the day, considering I am commuting to and from Raleigh for work. Capital Blvd & Louisburg can be a nightmare."
    0
    Flag
  • Peggymhaas
    "I am retired but when I was working I worked in Cary, NC which generally required a 45 minute to 1 hour commute."
    4
    Flag
  • Peggymhaas
    "N/A. Retired but when I did work it was a 45 minute drive to Cary, NC. If I took Capital Blvd. the drive time could be an hour or more. "
    3
    Flag
  • Peggymhaas
    "I am retired. When I worked my commute was 40+ minutes. However, it was quite scenic, crossing the lake and past several horse farms. "
    1
    Flag
  • WF Resident
    "There are quite a few dog owners in my neighborhood. Most are responsible owners, but there are those that walk their dogs at night and allow them to relieve themselves in their neighbors yards. This is the part I dislike. I sit on my porch at night and you wouldn’t believe the things I see dog owners allow their dogs to do."
    10
    Flag
  • Peggym
    "Meet in the Street, Friday Night on White, MardiGras, the lighting of the Christmas Tree all make Wake Forest special. "
    4
    Flag
  • Julie B. .
    "Dog owners walk their dogs and there are trails in the common area for dogs to run. The lots sizes are big enough to have privacy from other neighbors. Fences are allowed. "
    0
    Flag
  • Lindsay S.
    "They look happy to have large areas to take the dogs for walks. I myself don’t have any dogs, only cats."
    2
    Flag
  • Kerryjuliekane
    "Ladies night out. Walking with friends. Bells lake access for fun trails. Fall pizza gathering in culdesac. "
    0
    Flag
  • Tina H.
    "Dog parks are everywhere and it’s easy to get to trails and green areas but please clean up after your dogs "
    1
    Flag

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Homes for sale near 5248 Mill Dam Rd

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Off Market Homes Near 5248 Mill Dam Rd

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The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.