5340 Mill Dam Rd, Wake Forest, NC 27587
Property image
Property image
FOR SALE
NEW
OPEN SAT, 1-3PM
3D VIEW
3.01 ACRES

5340 Mill Dam Rd
Wake Forest, NC 27587

  • 4 Beds
  • 3.5 Baths
  • 4,705 sqft (on 3.01 acres)

$1,150,000

Est. Mortgage $6,671/mo*
Get Pre-Qualified

$1,150,000

Est. Mortgage $6,671/mo*
Get Pre-Qualified
4 Beds
3.5 Baths
4,705 sqft
(on 3.01 acres)
We estimate this home will sell faster than 81% nearby.

Home Highlights

Parking
2 Car Garage
Outdoor
Porch, Deck
HOA
$50/Monthly
Price/Sqft
$244
Climate Control
Forced Air, Propane & Central Air, Electric
Listed
1 day ago

Local Information

  • Map ViewExplore the area around 5340 Mill Dam Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Surround yourself with nature, wide-open spaces, and peaceful water views in this exceptional Mill Race home! The main level features a spacious primary suite and dedicated home office, along with an inviting open-concept living area designed for both everyday living and entertaining. Upstairs offers three additional bedrooms and a versatile bonus room. The chef's kitchen is a true centerpiece, showcasing a large island, built-in refrigerator, and custom finishes throughout. Quality craftsmanship is evident in every detail of this beautifully designed home. Unwind on the back deck overlooking the water or launch a kayak for a relaxing adventure across the lake. The detached two-car garage has been thoughtfully converted into a studio guest house but could easily be transformed back into garage space to suit your needs. Welcome home to Mill Race—where nature, comfort, and timeless craftsmanship come together!
Last check for updates: about 21 hours ago
Listing courtesy of Janna Whitehorne, (919) 369-9097
Mark Spain Real Estate
Source: Doorify MLS, MLS#10187579
Also Listed on Doorify MLS.
We estimate this home will sell faster than 81% nearby.

Open House

Saturday, August 22
1:00 PM to 3:00 PM

Home Details for 5340 Mill Dam Rd

Interior Features

Interior Details
Number of Rooms: 18
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 4705.28 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator, OvenDishwasherLaundry: Laundry Room,Main LevelMicrowaveRefrigerator
Heating & Cooling
Heating: Forced Air, PropaneHas CoolingAir Conditioning: Central Air, ElectricHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Gas Log, Great Room, Living RoomHas a Fireplace
Windows, Doors, Floors & Walls
Window: Blinds, Plantation ShuttersFlooring: Carpet, Hardwood, Tile
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Hardwood, Tile
View
Has a ViewView: Lake

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Covered, Deck, Front Porch, Rear PorchFencing: Back YardOther Structures: Guest HouseExterior: Fenced Yard, Private YardFoundation: BlockNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 4Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 6Parking: Additional Parking,Attached,Garage Door Opener,Garage Faces Side
Frontage
WaterfrontWaterfront: Lake Privileges, WaterfrontOn Waterfront
Water & Sewer
Sewer: Private SewerWater Body: To Be Added
Finished Area
Finished Area (above surface): 4705.28 Square Feet

Days on Market

Days on Market: 1

Property Information

Year Built
Year Built: 2007
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialStructure Type: House, Site BuiltArchitecture: Transitional
Building
Construction Materials: Fiber CementNot a New Construction
Property Information
Parcel Number: 186103215028000 0221613

Price & Status

Price
List Price: $1,150,000Price Per Sqft: $244

Active Status

MLS Status: Active

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: 10187579

Building

Building Area
Building Area: 4705.28 Square Feet

Community

Community Features: LakeNot Senior Community

HOA

HOA Fee Includes: UnknownHas an HOAHOA Fee: $50/Monthly

Lot Information

Lot Area: 3.01 Acres

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 10187579Water ViewWater View: LakeAbove Grade Unfinished Area: 4705.28

Additional Information

LakeSource 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
    Flag
  • 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
  • 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
$1.1M
Since last month
Decreased$32K (-2.8%)
Since last year
Increased$29K (+2.7%)
Since last sale
Increased$227K (+25.9%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +89% in the last 10 years
MonthEstimated value
2026
August 2026$1.1M
July 2026$1.13M
June 2026$1.12M
May 2026$1.1M
April 2026$1.11M
March 2026$1.09M
February 2026$1.07M
January 2026$1.06M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
5344 Mill Dam Rd, Wake Forest, NC 27587
0.04
$939,900
4
4.5
4,144
Off Market
5316 Mill Dam Rd, Wake Forest, NC 27587
0.11
$1,325,000
4
4
4,614
Recently Sold
5361 Mill Dam Rd, Wake Forest, NC 27587
0.16
$915,500
4
3
3,576
Off Market
2933 Hanging Valley Way, Wake Forest, NC 27587
0.21
$577,200
5
4
3,166
Off Market
2909 Hanging Valley Way #393, Wake Forest, NC 27587
0.20
$585,600
5
4
3,351
Off Market
2905 Hanging Valley Way #392, Wake Forest, NC 27587
0.21
$644,100
5
4
3,420
Off Market
5300 Mill Dam Rd, Wake Forest, NC 27587
0.19
$1,325,000
4
3.5
4,348
For Sale
2940 Hanging Valley Way, Wake Forest, NC 27587
0.21
$638,400
5
4
3,420
Off Market
2937 Hanging Valley Way, Wake Forest, NC 27587
0.22
$597,700
5
4
3,351
Off Market
5373 Mill Dam Rd, Wake Forest, NC 27587
0.23
$800,000
4
3
3,247
Recently Sold
300 Canyon Spring Trl, Wake Forest, NC 27587
0.22
$468,800
4
2.5
2,545
Off Market

Price and Tax history

DateEventPrice
Aug 20, 2026
Source: Doorify MLS #10187579
Listed For Sale
$1,150,000
Jan 9, 2024
Source: Doorify MLS #2536018
ListingRemoved
Nov 12, 2023
Source: Doorify MLS #2536018
PriceChange
$1,150,000
Price decreased by 2%
Nov 1, 2023
Source: Doorify MLS #2536018
PriceChange
$1,175,000
Price decreased by 2%
Oct 6, 2023
Source: Doorify MLS #2536018
Listed For Sale
$1,200,000

LGBTQ Local Legal Protections

Janna Whitehorne, Mark Spain Real Estate
Agent Phone: (919) 369-9097
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 5340 Mill Dam Rd

  • What is the estimated monthly payment for 5340 Mill Dam Rd?
    Based on a $1,150,000 list price with 20% down at today's rates, the estimated monthly payment for 5340 Mill Dam Rd in Wake Forest, NC is approximately $6,709 (about $5,982 principal & interest, $652 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 5340 Mill Dam Rd compare to homes in Wake Forest?
    5340 Mill Dam Rd in Wake Forest, NC is listed at $1,150,000, about 110% 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 5340 Mill Dam Rd?
    The closest schools to 5340 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 5340 Mill Dam Rd have air conditioning?
    Yes, 5340 Mill Dam Rd in Wake Forest, NC has air conditioning.
  • Does 5340 Mill Dam Rd have laundry facilities?
    Yes, 5340 Mill Dam Rd in Wake Forest, NC has laundry facilities.
5340 Mill Dam Rd, Wake Forest, NC 27587 is a 4 bedroom, 4 bathroom, 4,705 sqft single-family home built in 2007. This property is currently available for sale and was listed by Doorify MLS on Aug 20, 2026. The MLS # for this home is MLS# 10187579.