5300 Mill Dam Rd, Wake Forest, NC 27587
Property image
Property image
FOR SALE
3D VIEW
2.84 ACRES

$1,325,000

Original price: $1,349,900
  • 4 Beds
  • 3.5 Baths
  • 4,348 sqft (on 2.84 acres)

5300 Mill Dam Rd, Wake Forest, NC 27587

Est. Mortgage $7,660/mo*
Get Pre-Qualified

Home Highlights

Single-Family Home
Built in 1997
2.84 acre lot
$305/sqft
Garage
HOA $36/mo

Local Information

  • Map ViewExplore the area around 5300 Mill Dam Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 12 hours ago
Listing courtesy of Michael Ulrich, (919) 802-7282
AMG Realty LLC
Source: Doorify MLS, MLS#10179572
Also Listed on Doorify MLS.

Home Details for 5300 Mill Dam Rd

Interior Features

Interior Details
Number of Rooms: 10Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Breakfast Room, Dining Room, Family Room, Kitchen, OfficeWet Bar
Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 4348 Square Feet
Appliances & Utilities
Utilities: Cable Connected, Electricity Connected, Natural Gas Available, Water Connected, Septic ConnectedAppliances: Bar Fridge, Dishwasher, Electric Oven, Electric Water Heater, Microwave, Propane Cooktop, Refrigerator, Range Hood, Water Purifier Owned, Wall OvenDishwasherLaundry: Laundry Room,Main Level,In UnitMicrowaveRefrigerator
Heating & Cooling
Heating: Central,Electric,Forced Air,Heat PumpHas CoolingAir Conditioning: Central Air,Ceiling Fan(s),Electric,Heat PumpHas HeatingHeating Fuel: Central
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Family Room, Propane
Windows, Doors, Floors & Walls
Window: Plantation ShuttersFlooring: Hardwood, Tile
Levels, Entrance, & Accessibility
Stories: 1Levels: TwoFloors: Hardwood, Tile
View
Has a ViewView: Pond, Trees/Woods

Exterior Features

Exterior Home Features
Roof: Architectural ShinglePatio / Porch: Covered, Front Porch, Patio, ScreenedFencing: Back Yard, FencedVegetation: Partially WoodedExterior: Private Yard, Rain Gutters, Fenced YardFoundation: Crawlspace
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas Open ParkingParking Spaces: 2Parking: Concrete,Driveway,Garage Faces Side,Garage,Garage Door Opener,Kitchen Level
Frontage
WaterfrontWaterfront: Pond, WaterfrontResponsible for Road Maintenance: Public Maintained RoadOn Waterfront
Water & Sewer
Sewer: Septic TankWater Body: Austin Creek
Finished Area
Finished Area (above surface): 4348 Square Feet

Days on Market

Days on Market: 60

Property Information

Year Built
Year Built: 1997
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: Site BuiltArchitecture: Transitional
Building
Construction Materials: Fiber Cement, StoneNot a New Construction
Property Information
Parcel Number: 186103227038000 0215729

Price & Status

Price
List Price: $1,325,000Price Per Sqft: $305
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Media

Location

Direction & Address
City: Wake ForestCommunity: Millrace
School Information
Elementary School: Wake - Richland Creek Elementary SchoolJr High / Middle School: Wake - Wake Forest Middle SchoolHigh School: Wake - Wake Forest High School

Agent Information

Listing Agent
Listing ID: 10179572

Building

Building Area
Building Area: 4348 Square Feet

Community

Community Features: Fishing, Lake

HOA

HOA Fee Includes: Maintenance GroundsHOA Name: Millrace HOAHOA Phone: 919-723-8496Has an HOAHOA Fee: $436/Annually

Lot Information

Lot Area: 2.84 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

Mls Number: 10179572Water ViewWater View: PondAbove Grade Unfinished Area: 4348

Additional Information

HOA Amenities: Cabana,Maintenance Grounds,Pond Year RoundSource Internet Entire Listing Display

Around this home

What Locals Say about Wake Forest

At least 410 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.
  • Trulia User
    "There is a dog park and trails, also waste bag stations "
    0
    Flag
  • Elizabeth Miller
    "Dog friendly neighborhood with periodic dog cleaning stations"
    0
    Flag
  • 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
    Flag
  • Patsy
    "Schools are great. Very family oriented there is something for everyone in Wake Forest. Lots of nature & not far from Raleigh."
    0
    Flag
  • Naresh G.
    "Quiet, not crowded No traffic Nice neighbors Family friendly community Plenty of supermarkets Awesome trails for hiking "
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
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  • 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
  • Kerryjuliekane
    "Ladies night out. Walking with friends. Bells lake access for fun trails. Fall pizza gathering in culdesac. "
    0
    Flag

Market trends in Wake Forest

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$548K
$3.58KMoM
Sale-to-List Price
99.1%
0.4%MoM
Price per sq ft
$217
$4MoM
Available listings
510
13MoM

Home Value

Trulia Estimate
$1.27M
Since last month
Decreased$18K (-1.4%)
Since last year
Increased$175K (+16%)
Since last sale
Increased$342K (+36.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +138% in the last 10 years
MonthEstimated value
2026
September 2026$1.27M
August 2026$1.27M
July 2026$1.29M
June 2026$1.14M
May 2026$1.12M
April 2026$1.12M
March 2026$1.12M
February 2026$1.1M
January 2026$1.08M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5316 Mill Dam Rd, Wake Forest, NC
0.10
Single-Family Home
$1,325,000
02/26/26
4
4
4,614
5228 Mill Dam Rd, Wake Forest, NC
0.27
Single-Family Home
$1,000,000
05/29/26
3
3.5
3,045
5241 Mill Dam Rd, Wake Forest, NC
0.19
Single-Family Home
$750,000
09/15/25
4
3.5
3,024
5373 Mill Dam Rd, Wake Forest, NC
0.38
Single-Family Home
$800,000
01/27/26
4
3
3,247
2117 Averette Rd, Wake Forest, NC
0.63
Single-Family Home
$900,000
11/10/25
3
4.5
2,730
5205 Mill Dam Rd, Wake Forest, NC
0.52
Single-Family Home
$1,200,000
04/28/26
4
5
7,789
100 Rivers Edge Dr, Youngsville, NC
0.86
Single-Family Home
$892,000
01/12/26
5
4.5
3,830
313 Toadstool Trl, Wake Forest, NC
0.48
Single-Family Home
$627,000
06/10/26
5
4
3,545
309 Toadstool Trl, Wake Forest, NC
0.47
Single-Family Home
$620,000
03/17/26
5
4
3,288
3008 Hanging Valley Way, Wake Forest, NC
0.49
Single-Family Home
$599,405
02/20/26
5
4
3,351

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5301 Mill Dam Rd, Wake Forest, NC 27587
0.09
$926,500
4
3.5
3,868
Off Market
5316 Mill Dam Rd, Wake Forest, NC 27587
0.10
$1,325,000
4
4
4,614
Recently Sold
5241 Mill Dam Rd, Wake Forest, NC 27587
0.19
$741,700
4
3.5
3,024
Off Market
5344 Mill Dam Rd, Wake Forest, NC 27587
0.18
$935,200
4
4.5
4,144
Off Market
5340 Mill Dam Rd, Wake Forest, NC 27587
0.19
$1,150,000
4
3.5
3,721
For Sale
5905 Tranquil Cv, Youngsville, NC 27596
0.21
$875,000
4
3.5
3,365
For Sale
8109 Zebulon Rd, Youngsville, NC 27596
0.22
-
-
-
-
Off Market
5904 Tranquil Cv, Youngsville, NC 27596
0.22
$789,000
3
3.5
2,672
For Sale
8108 Zebulon Road, Youngsville, NC 27596
0.28
$349,400
3
2
1,560
Off Market
5228 Mill Dam Rd, Wake Forest, NC 27587
0.27
$1,000,000
3
3.5
3,045
Recently Sold
106 Cooley Rd, Youngsville, NC 27596
0.30
$365,500
3
2
2,034
Off Market

Price and Tax history

DateEventPrice
Jul 28, 2026
Source: Doorify MLS #10179572
PriceChange
$1,325,000
Price decreased by 2%
Jul 11, 2026
Source: Doorify MLS #10179572
Listed For Sale
$1,349,900
Nov 29, 2021
Source: N/A
Sold
$930,000
Oct 27, 2016
Source: Agent Provided
ListingRemoved
$550,000
Aug 20, 2016
Source: Agent Provided
PriceChange
$550,000
Price decreased by 4%

LGBTQ Local Legal Protections

Michael Ulrich, AMG Realty LLC
Agent Phone: (919) 802-7282
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.

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Frequently asked questions about 5300 Mill Dam Rd

  • What is the estimated monthly payment for 5300 Mill Dam Rd?
    Based on a $1,325,000 list price with 20% down at today's rates, the estimated monthly payment for 5300 Mill Dam Rd in Wake Forest, NC is approximately $7,854 (about $7,028 principal & interest, $751 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 5300 Mill Dam Rd compare to homes in Wake Forest?
    5300 Mill Dam Rd in Wake Forest, NC is listed at $1,325,000, about 142% above the $548K median sale price in Wake Forest.
  • What do residents say about Wake Forest?
    Residents describe Wake Forest, NC as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Wake Forest, NC.
  • What are the closest schools to 5300 Mill Dam Rd?
    The closest schools to 5300 Mill Dam Rd in Wake Forest, NC are Richland Creek Elementary School (Pre-K, rated 8/10), Wake Forest High School (rated 7/10), Wake Forest Middle School (rated 4/10).
  • Does 5300 Mill Dam Rd have air conditioning?
    Yes, 5300 Mill Dam Rd in Wake Forest, NC has air conditioning.
  • Does 5300 Mill Dam Rd have laundry facilities?
    Yes, 5300 Mill Dam Rd in Wake Forest, NC has laundry facilities.
5300 Mill Dam Rd, Wake Forest, NC 27587 is a 4 bedroom, 4 bathroom, 4,348 sqft single-family home built in 1997. This property is currently available for sale and was listed by Doorify MLS on Jul 11, 2026. The MLS # for this home is MLS# 10179572.