5316 Mill Dam Rd, Wake Forest, NC 27587
Property image
Property image
SOLD
FEB 26, 2026

5316 Mill Dam Rd
Wake Forest, NC 27587

  • 4 Beds
  • 4 Baths
  • 4,614 sqft (on 4.35 acres)

$1,325,000

Last Sold: Feb 26, 2026
2% below list $1.35M
$287/sqft
Est. Refi. Payment $7,436/mo*
Refinance Your Home

$1,325,000

Last Sold: Feb 26, 2026
2% below list $1.35M
$287/sqft
Est. Refi. Payment $7,436/mo*
Refinance Your Home
4 Beds
4 Baths
4,614 sqft
(on 4.35 acres)

Local Information

  • Map ViewExplore the area around 5316 Mill Dam Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Exclusive Wake Forest Lakefront Estate Discover refined lakefront living with this private 4.35-acre retreat in Wake Forest, offering 4,614 sq. ft. of beautifully designed space, along with a 4 car garage! This is a four bedroom home that lives like a five bedroom home! Blending timeless craftsmanship with thoughtful updates, this custom-built estate delivers both luxury and peace of mind. Major upgrades include a new roof in 2018 and a tankless water heater 2024 ensuring modern comfort and long-term value. Crown molding, custom trim, and fresh paint throughout highlight the home's attention to detail. The heart of the home features an updated kitchen with quartz counters with waterfall island, quartz slab back splash, custom cabinetry, premium fixtures, and an effortless flow for entertaining. The hardwood floors continue to the first-floor primary suite is a true sanctuary, and a fully renovated spa-inspired bathroom with dual shower heads and even a cedar closet space! Adjoining the primary is an elegant private office. A formal dining completes this estate with enough seating for 8 guests comfortably. Soaring ceilings and walls of windows in the two-story great room flood the home with natural light and frame breathtaking views of the lake. Upstairs, 3 bedrooms, of which one has en suite bath, PLUS a spacious loft provide private havens for family or guests! A separate Bonus Wing with its own entry and staircase offers unmatched flexibility—ideal for multigenerational living, a guest retreat, or a home-based business. Here you will find another bedroom and loft area with a dinette kitchen!!! Outdoor living is elevated with a covered porch, hot tub, fire pit, and private dock, all set against the backdrop of serene lakefront scenery. The four-car garage includes one bay that is fully heated and cooled—perfect for a workshop, studio, or climate-sensitive storage. 12x18 shed on permanent foundation. All of this just minutes from Wake Forest's shopping, dining, and parks—an extraordinary estate where luxury and convenience meet.
5316 Mill Dam Rd, Wake Forest, NC 27587 is a 4 bedroom, 5 bathroom, 4,614 sqft single-family home built in 1997. It last sold for $1,325,000 on Feb 26, 2026 (2% below the $1,350,000 asking price). It is currently off market. The Trulia Estimate is $1,322,800, with a rent estimate of $4,441/month.

Home Highlights

Parking
4 Car Garage
Outdoor
Porch, Deck
A/C
Heating & Cooling
HOA
$35/Monthly
Price/Sqft
$287/sqft
Listed
180+ days ago

Home Details for 5316 Mill Dam Rd

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 14
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 5Number of Bathrooms (full): 3Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 4614 Square Feet
Appliances & Utilities
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water ConnectedAppliances: Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, OvenDishwasherDisposalLaundry: Common Area,Inside,Laundry Room,Main Level,SinkMicrowave
Heating & Cooling
Heating: Electric, Forced AirHas CoolingAir Conditioning: Central Air, Electric, ZonedHas HeatingHeating Fuel: Electric
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Electric, Family RoomHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Hardwood, Tile
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Hardwood, Tile
View
Has a ViewView: Lake, Trees/Woods, Water

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Covered, Deck, Front Porch, Rear Porch, Wrap AroundFencing: Back Yard, FencedOther Structures: Shed(s)Exterior: Fenced Yard, Fire Pit, Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Lock(s), StorageNo Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Has a GarageHas an Attached GarageParking Spaces: 4Parking: Additional Parking,Deck,Driveway,Garage,Garage Door Opener,Garage Faces Side,Heated Garage,Lighted,Oversized,Parking Pad,Paved,Private
Frontage
WaterfrontWaterfront: Lake, WaterfrontRoad Frontage: City StreetOn Waterfront
Water & Sewer
Sewer: Septic TankWater Body: Austin Creek
Finished Area
Finished Area (above surface): 4614 Square Feet

Property Information

Year Built
Year Built: 1997
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialStructure Type: House, Site BuiltArchitecture: Transitional
Building
Construction Materials: Fiber Cement, MasoniteNot a New Construction
Property Information
Parcel Number: 1861218543

Price & Status

Price
List Price: $1,350,000Price Per Sqft: $287/sqft

Active Status

MLS Status: Closed

Media

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: 4614 Square Feet

Community

Community Features: Lake, Street LightsNot Senior Community

HOA

HOA Fee Includes: Maintenance GroundsHas an HOAHOA Fee: $416/Annually

Lot Information

Lot Area: 4.35 Acres

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 10125433Water ViewWater View: Lake, WaterAbove Grade Unfinished Area: 4614

Additional Information

HOA Amenities: Maintenance Grounds, Pond Year Round, OtherSource Internet Entire Listing Display
Last check for updates: about 21 hours ago
Listed by Michael Ulrich, (919) 802-7282
AMG Realty LLC
Bought with: Dana Ellington, (919) 622-5051, Compass -- Raleigh
Source: Doorify MLS, MLS#10125433

Price History for 5316 Mill Dam Rd

DatePriceEventSource
02/26/2026$1,325,000Sold
Doorify MLS #10125433
01/14/2026$1,350,000PendingDoorify MLS #10125433
10/02/2025$1,350,000Listed For SaleDoorify MLS #10125433
09/08/2021$900,000Sold
Doorify MLS #2385082

Market trends in Wake Forest

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$545K
$15.71KMoM
Sale-to-List Price
98.7%
Price per sq ft
$214
$4MoM
Available listings
523
5MoM
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Property Tax and Assessment

Year2025
Tax$7,600
Assessment$1,185,093
Home facts updated by county records

Comparable Sales for 5316 Mill Dam Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5344 Mill Dam Rd, Wake Forest, NC
0.12
Single-Family Home
$950,000
07/28/25
4
4.5
4,144
5228 Mill Dam Rd, Wake Forest, NC
0.30
Single-Family Home
$1,000,000
05/29/26
3
3.5
3,045
5241 Mill Dam Rd, Wake Forest, NC
0.26
Single-Family Home
$750,000
09/15/25
4
3.5
3,024
5373 Mill Dam Rd, Wake Forest, NC
0.34
Single-Family Home
$800,000
01/27/26
4
3
3,247
5205 Mill Dam Rd, Wake Forest, NC
0.53
Single-Family Home
$1,200,000
04/28/26
4
5
7,789
5900 Tranquil Cv, Youngsville, NC
0.23
Single-Family Home
$700,000
09/23/25
4
3
2,475
2972 Hanging Valley Way, Wake Forest, NC
0.33
Single-Family Home
$609,000
12/23/25
5
4
3,420
2964 Hanging Valley Way, Wake Forest, NC
0.32
Single-Family Home
$579,500
11/20/25
5
4
3,351
2960 Hanging Valley Way, Wake Forest, NC
0.39
Single-Family Home
$649,500
11/24/25
5
4
3,420

Nearby homes

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Assigned Schools

These are the assigned schools for 5316 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
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  • Monica.ortega70
    "Nice quiet neighborhood with well kept homes with huge property lots. Family oriented neighborhood "
    0
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  • 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
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  • Vhfdbgt7kd
    "We have a neighborhood pool with snack bar and bar which families can join. Kids can then participate in swim team. "
    0
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  • 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
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  • 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
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  • 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 5316 Mill Dam Rd

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Off Market Homes Near 5316 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.