720 Precipice Way, Wake Forest, NC 27587
OFF MARKET

$535,000

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 2,702 sqft

720 Precipice Way, Wake Forest, NC 27587

Est. Refi. Payment $3,203/mo*
Refinance Your Home
Currently Off Market - Sold Dec 29, 2021 for $472,000

Home Value

Trulia Estimate
$535K
Since last month
Decreased$5K (-0.9%)
Since last year
Decreased$5K (-0.9%)
Since last sale
Increased$63K (+13.3%)
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 decreased by -5% in the last 10 years
MonthEstimated value
2026
September 2026$535K
August 2026$536K
July 2026$540K
June 2026$544K
May 2026$541K
April 2026$541K
March 2026$538K
February 2026$535K
January 2026$529K
2025
2024
2023

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
813 Precipice Way, Wake Forest, NC
0.11
Single-Family Home
$515,000
08/24/26
4
3
2,856
929 Wrights Creek Way, Wake Forest, NC
0.25
Single-Family Home
$519,720
06/26/26
4
3
2,799
2101 Latham Oaks Ave, Wake Forest, NC
0.25
Single-Family Home
$600,000
10/21/25
4
3
2,890
920 Tryon Palace St, Wake Forest, NC
0.37
Single-Family Home
$520,000
01/22/26
4
3
2,802
1740 Golden Honey Dr, Wake Forest, NC
0.40
Single-Family Home
$455,000
09/23/25
4
3
2,789
549 Kings Glen Way, Wake Forest, NC
0.49
Single-Family Home
$505,000
07/20/26
4
2.5
2,667
408 Daffodil Petal Ln, Wake Forest, NC
0.42
Single-Family Home
$490,000
07/27/26
4
3
2,799
1916 Cypress Glen Dr, Wake Forest, NC
0.38
Single-Family Home
$590,000
08/14/26
5
4
3,132
5416 Mill Dam Rd, Wake Forest, NC
0.36
Single-Family Home
$610,000
08/03/26
5
4
3,555
2001 Latham Oaks Ave, Wake Forest, NC
0.27
Single-Family Home
$620,000
04/08/26
6
4
3,525

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
713 Wrights Creek Way, Wake Forest, NC 27587
0.10
$468,700
4
3
2,401
Off Market
809 Precipice Way, Wake Forest, NC 27587
0.10
$539,300
4
3
2,800
Off Market
2201 Averette Rd, Wake Forest, NC 27587
0.06
-
-
-
-
Off Market
813 Precipice Way, Wake Forest, NC 27587
0.11
$515,000
4
3
2,856
Recently Sold
1116 Copper Beech Ln, Wake Forest, NC 27587
0.11
$525,600
4
3
2,689
Off Market
1125 Copper Beech Ln, Wake Forest, NC 27587
0.10
$530,000
4
3
2,838
Off Market
813 Wrights Creek Way, Wake Forest, NC 27587
0.13
$526,000
5
3
2,986
Off Market
824 Wrights Creek Way, Wake Forest, NC 27587
0.14
$496,200
4
3
2,824
Off Market
153 Etteinne Garden Ln, Wake Forest, NC 27587
0.15
$400,000
3
2.5
1,811
Recently Sold
700 Carraway Garden Dr, Wake Forest, NC 27587
0.16
$393,200
3
2.5
1,824
For Sale
818 Tryon Palace St, Wake Forest, NC 27587
0.18
$623,800
5
4
3,515
Off Market
1408 Lawson Creek Way, Wake Forest, NC 27587
0.18
$355,300
3
2.5
1,777
Off Market

Local Information

  • Map ViewExplore the area around 720 Precipice Way.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2021
2,702 sqft
$198/sqft

About this House

Welcome to the Winstead II floorplan by Lennar. This incredible addition to the Sterling Collection offers plenty of options so your home is exactly what you need and want both functionally and aesthetically, including five gorgeous exterior elevations to choose from. As you enter, you are immediately struck by this home's style thanks to a foyer that opens up to the above floor. You will then find a spacious dining room and kitchen featuring beautiful appliances. This layout is perfect so you can enjoy time with friends and family while still in the kitchen. The great room is large enough to accommodate a sectional couch or large furniture set. On this floor you will also find a spacious guest suite with its own walk-in closet and bathroom, allowing both you and your guests privacy and convenience. Head up to the second floor and you will be greeted by an impressive loft area that can be used as office space, a play area or whatever you could imagine. A uniquely designed hallway then leads to two bedrooms, each having their own walk-in closets. Pass the second-floor laundry room and you will find a fantastic owner's suite, with an expansive walk-in closet and bath that has luxury upgrades available. You can raise your home to a new level with an optional third floor containing an impressive game room, storage and an additional bathroom, making your home even more spacious and comfortable. Finally, when you're not having fun in the game room, loft or great r
720 Precipice Way, Wake Forest, NC 27587 is a 4 bedroom, 3 bathroom, 2,702 sqft single-family home built in 2021. It last sold for $472,000 on Dec 29, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $535,000, with a rent estimate of $2,701/month.

Home Details for 720 Precipice Way

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 2021
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Exterior Features

Parking & Garage
Parking Spaces: 2

Community

Units in Building: 1

Lot Information

Lot Area: 8712 sqft

Price and Tax history

DateEventPrice
Mar 2, 2023
Source: Doorify MLS #2489515
ListingRemoved
Feb 27, 2023
Source: Doorify MLS #2489515
PriceChange
$575,000
Price increased by 6%
Feb 24, 2023
Source: Doorify MLS #2489515
PriceChange
$540,000
Price decreased by 6%
Jan 12, 2023
Source: Doorify MLS #2489515
Listed For Sale
$575,000
Dec 29, 2021
Source: N/A
Sold
$472,000

Market trends in Wake Forest

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$540K
$8.33KMoM
Sale-to-List Price
99.2%
0.1%MoM
Price per sq ft
$213
$4MoM
Available listings
511

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

LGBTQ Local Legal Protections

Frequently asked questions about 720 Precipice Way

  • What is 720 Precipice Way estimated to be worth?
    Trulia's estimated value for 720 Precipice Way in Wake Forest, NC is $535,000.
  • What is the price history for 720 Precipice Way?
    720 Precipice Way in Wake Forest, NC last sold for $472,000 in December 2021.
  • Is Wake Forest a buyer's or seller's market?
    Wake Forest is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Wake Forest?
    The median sale price in Wake Forest is $540K. That is down $8.33K from the prior month.
  • How big is the lot at 720 Precipice Way?
    The lot at 720 Precipice Way in Wake Forest, NC is about 0.20 acres (8,712 sq ft).
  • Does 720 Precipice Way have parking?
    Yes, 720 Precipice Way in Wake Forest, NC has on-site parking.

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Off Market Homes Near 720 Precipice Way

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