5340 Mill Dam Rd, Wake Forest, NC 27587
OFF MARKET

5340 Mill Dam Rd
Wake Forest, NC 27587

  • 4 Beds
  • 3.5 Baths
  • 3,622 sqft (on 3.01 acres)

$1,100,400

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $6,257/mo*
Refinance Your Home

$1,100,400

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $6,257/mo*
Refinance Your Home
4 Beds
3.5 Baths
3,622 sqft
(on 3.01 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Rare chance to live in one of the newer homes in Wake Forest's tucked away lake community! Millrace boasts 4 spring fed lakes with restful tranquility through it's meandering streets & gracious landscape. This home backs to the water and provides a peaceful view from the Master Retreat and both living areas & kitchen. Upscale kitchen features: Built-in refrigerator; wine cooler; DCS range w/ pot filler faucet! First floor Office and Master with french doors to deck. 3 Acres & less than 5 mi. downtown WF!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
Porch, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 5340 Mill Dam Rd

Interior Features

Heating & Cooling
Heating: Forced Air, Electric, GasAir ConditioningHeating Fuel: Forced Air
Interior Details
Types of Rooms: Walk In Closet, Dining RoomWet BarCeiling Fan
Appliances & Utilities
DishwasherMicrowaveRefrigerator
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Tile, Carpet, Hardwood
Security
Security System

Property Information

Year Built
Year Built: 2007Year Updated: 2007
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Exterior Features

Exterior Home Features
DeckExterior: Stone, Cement ConcretePorch
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Lot Information

Lot Area: 3.01 acres

Price History for 5340 Mill Dam Rd

DatePriceEventSource
01/09/2024ListingRemovedDoorify MLS #2536018
11/12/2023$1,150,000PriceChange
Doorify MLS #2536018
11/01/2023$1,175,000PriceChange
Doorify MLS #2536018
10/06/2023$1,200,000Listed For SaleDoorify MLS #2536018
11/15/2021$876,000Sold
Doorify MLS #2409880
10/03/2021$835,000ContingentDoorify MLS #2409880
09/30/2021$835,000Listed For SaleDoorify MLS #2409880
07/28/2017$564,500Sold
Doorify MLS #2135675
07/08/2017$569,900PendingAgent Provided
06/29/2017$569,900Listed For SaleAgent Provided
11/20/2008$699,900ListingRemovedAgent Provided
10/16/2008$699,900Listed For SaleAgent Provided
05/30/2006$175,000Sold
N/A
08/06/1998$78,000Sold
N/A
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Property Tax and Assessment

Year2025
Tax$7,391
Assessment$1,152,429
Home facts updated by county records

Comparable Sales for 5340 Mill Dam Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5344 Mill Dam Rd, Wake Forest, NC
0.04
Single-Family Home
$950,000
07/28/25
4
4.5
4,144
5373 Mill Dam Rd, Wake Forest, NC
0.23
Single-Family Home
$800,000
01/27/26
4
3
3,247
5316 Mill Dam Rd, Wake Forest, NC
0.11
Single-Family Home
$1,325,000
02/26/26
4
4
4,614
5241 Mill Dam Rd, Wake Forest, NC
0.28
Single-Family Home
$750,000
09/15/25
4
3.5
3,024
5900 Tranquil Cv, Youngsville, NC
0.34
Single-Family Home
$700,000
09/23/25
4
3
2,475
2940 Hanging Valley Way, Wake Forest, NC
0.21
Single-Family Home
$649,990
05/27/25
5
4
3,420
2117 Averette Rd, Wake Forest, NC
0.67
Single-Family Home
$900,000
11/10/25
3
4.5
2,730
2948 Hanging Valley Way, Wake Forest, NC
0.23
Single-Family Home
$615,630
05/28/25
5
4
3,351
1209 Coral Cay Bnd, Wake Forest, NC
0.15
Single-Family Home
$520,000
06/09/25
5
4
2,881
2960 Hanging Valley Way, Wake Forest, NC
0.31
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 5340 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 406 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.
  • 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
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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
    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
    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
  • Janelle W.
    "Ive lived here my whole life & although this small town is growing into a city it still has the small town feel & friendly country atmosphere "
    0
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  • 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
  • Cassieconley81
    "Good neighborhood, friendly people, and a perfect blend of country and city lifestyle. Area is really developing nicely."
    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 rent near 5340 Mill Dam Rd

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5340 Mill Dam Rd, Wake Forest, NC 27587 is a 4 bedroom, 4 bathroom, 3,622 sqft single-family home built in 2007. This property is not currently available for sale. 5340 Mill Dam Rd was last sold on Nov 15, 2021 for $876,000. The current Trulia Estimate for 5340 Mill Dam Rd is $1,100,400.