Set along the shores of a picturesque lake and surrounded by tranquil woods and preserved common area, this exceptional home offers a rare blend of privacy, comfort, and natural beauty. From the moment you arrive, the setting feels like a retreat where peaceful water views and abundant wildlife, including ducks, geese, and turtles, become part of everyday life. Inside, the main level welcomes you with rich hardwood floors that flow seamlessly throughout. The central living room, framed by custom built-in bookcases and a cozy fireplace, captures stunning lake views, while the family room boasts a dramatic cathedral ceiling, gas fireplace, and a panoramic view of the lake. An updated kitchen serves as the heart of the home, showcasing quartzite counters, walk-in pantry, and easy access to the surrounding living areas. A 1st floor office with a closet adds flexibility for remote work or additional guest space. The primary bedroom and a secondary bedroom are located on the first floor. The primary suite is a true sanctuary, featuring serene lake views, two walk-in closets, and an updated bath complete with an remodeled walk-in shower, garden tub and dual vanities with granite counters. The secondary bedroom also offers a walk-in closet and its own remodeled bath with a walk-in shower. Upstairs, you'll find a private ensuite retreat with a large walk-in closet, along with a charming flex room featuring a window seat. This versatile 224 sq ft space is not included in the total square footage as a portion of the room has 7-ft ceilings. The expansive 1,733 sq ft walk-in attic on the second floor offers incredible potential for future expansion or customization. Outdoor living stretches over the 3.07 acre property. An updated deck with composite flooring, leads down to a flagstone patio with a fire pit and is perfectly positioned to take in the lake views and experience sunlight dancing across the water. The adjoining wooded common area with natural walking paths enhances the sense of connection to nature. Just a short walk away, the charming community dock invites you to enjoy fishing and lakeside relaxation. This home has been meticulously maintained and updated, including a new roof (2019), first-floor HVAC (2021), second-floor HVAC (2014), fenced backyard, sealed crawlspace, recently painted exterior, natural gas installation, and $30,000 in landscaping and hardscaping improvements. Relish the beauty and tranquility of lakeside living in a private setting while being just minutes from shopping, dining, and healthcare.
Single-familyProperty Type
2001Year Built
3.07 acresLot Size
$328Price/Sq.Ft.
$35/moHOA Dues
2 car garageParking
Listed by Kimberly Conroy• Coldwell Banker HPW
Bought with Howard Liebman• Berkshire Hathaway HomeService
Est. $3,167 per month, based on comparable rentals
Sale and tax history for 5228 Mill Dam Rd
Sale History
Tax History
Date
Event
Price
TMLS #10158980
May 29, 2026
Sold
$1,000,000
$328/sq ft
Apr 12, 2026
Pending
—
Apr 10, 2026
Listed
$999,950
$328/sq ft
TMLS #1875350
Apr 19, 2013
Sold
$415,000
$136/sq ft
Mar 9, 2013
Pending
—
Mar 8, 2013
Contingent
—
Feb 22, 2013
Listed
$410,850
$135/sq ft
+14
Beautiful water front views, nice open floor plan. Sunroom with vaulted ceilings. Dining room with coiffered ceiling. Must See! Agents See Remarks and download all attachments.
TMLS #958500
Nov 30, 2007
Sold
$639,000
$210/sq ft
Nov 2, 2007
Listing Removed
—
Sep 23, 2007
Listed
$675,000
$222/sq ft
+5
Gorgeous waterfront home in pristine condition w/ open flr plan. Shows like a model. Peaceful setting, magnificent views, hardwood flrs, all new custom molding, plantation blinds & extensive updates make home move-in ready. Granite counters, new FR w/ wall of windows overlooking lake. One flr living w/ MBR down; BR, BTH, Bonus, unfinished space up (1300 sq ft). A must have home!
Public Records
Jul 1, 2005
Sold
$440,000
$144/sq ft
TMLS #787735
Feb 25, 2005
Listed
$439,900
$144/sq ft
TMLS #785118
Feb 25, 2005
Listing Removed
—
Feb 9, 2005
Listed
$494,000
$162/sq ft
Public Records
Jan 10, 1996
Sold
$90,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,203 (+3.0%)
$273,000 + $537,304
$810,304
2024
$5,052 (+37.9%)
$273,000 + $537,304
$810,304
2023
$3,663 (+7.9%)
$273,000 + $537,304
$810,304
2022
$3,395 (+2.8%)
$156,000 + $311,258
$467,258
2021
$3,303 (+1.7%)
$156,000 + $311,258
$467,258
2020
$3,249 (−4.6%)
$156,000 + $311,258
$467,258
2019
$3,406 (+8.8%)
$156,000 + $311,258
$467,258
2018
$3,131 (+5.5%)
$121,500 + $293,068
$414,568
2017
$2,968 (+2.1%)
$121,500 + $293,068
$414,568
2016
$2,907 (−17.2%)
$121,500 + $293,068
$414,568
2015
$3,510 (+5.5%)
$121,500 + $293,068
$414,568
2014
$3,326 (−2.8%)
$207,000 + $295,532
$502,532
2013
$3,423
$230,000 + $324,265
$554,265
2012
$3,423
$230,000 + $324,265
$554,265
2011
$3,423
$230,000 + $324,265
$554,265
Public record
Public record
Zoning
Permits
Beds
—
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
3.07 Acres
Year renovated
2011
Sq. Ft.
2,780
Year built
2001
Style
Single Family Residential
County
Wake County
APN
1861.03 11 3765 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 11, 2026.
R-30
Residential-30 District
The R-30 districts are known as non-watershed residential districts. These districts allow a range of very-low to moderate-density residential development and various building forms, depending on the specific district. A limited number of nonresidential uses are also allowed. Some nonresidential uses are permitted by-right; others are allowed only within designated activity centers and then only if the Board of Adjustment first reviews and approves a site plan and Special Use Permit for such use.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Educational/school
Library
Golf related
Housing-Mobile home park
Park & open space
Sep 27, 2022 • Final
Residential or farm trade permit. electrical, mechanical or plumbing
Gas
Plumbing
Dec 8, 2021 • Final
Residential hvac or water heater replacement
Remove and replace a split gas heating and air conditioning system located in the crawlspace of a residential building.
HVAC
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Attached Garage: Yes
Garage: Yes
Garage Spaces: 2
Parking Features: Deck, Garage, Garage Door Opener, Garage Faces Side
Interior
Virtual Tour
Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 1
Bedroom Information
Bedrooms Total: 3
Main Level Bedrooms: 2
Interior Features
Appliances: Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
Window Features: Insulated Windows
Laundry Features: Laundry Room, Main Level, Sink
Interior Features: Bathtub/Shower Combination, Bookcases, Ceiling Fan(s), Central Vacuum, Coffered Ceiling(s), Double Vanity, Dual Closets, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Separate Shower, Smooth Ceilings, Storage, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet
Fireplace: Yes
Fireplace Features: Family Room, Living Room
Fireplaces Total: 2
Flooring: Carpet, Ceramic Tile, Hardwood
Exterior
Building Information
Construction Materials: Fiber Cement
Building Area Total: 3045.0
Structure Type: House, Site Built
Exterior Features
Patio and Porch Features: Front Porch, Patio
Exterior Features: Fenced Yard, Fire Pit, Private Yard, Rain Gutters
Fencing: Back Yard
Roof: Shingle
Property information
Living Area: 3,045
Above Grade Finished Area: 3045.0
Below Grade Finished Area: 0.0
Levels: One and One Half
Other Structures: Garage(s)
Land Information
Horse: No
Vegetation: Partially Wooded
Lot Information
Frontage Type: Lakefront
Lot Size Acres: 3.07
Lot Size Area: 3.07
Lot Size Square Feet: 133729.2
Lot Size Units: Acres
Waterfront: No
Financial
Tax Information
Tax Annual Amount: 5202.7
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Sewer: Septic Tank
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Propane
Water Source: Community Water
Heating & Cooling
Heating: Yes
Heating Information: Fireplace(s), Forced Air, Gas Pack, Natural Gas, Propane
Cooling: Yes
Cooling Information: Central Air
Location
HOA Information
Association: Yes
Association Name: Millrace HOA
Association Fee: 416.0
Association Fee Frequency: Annually
Association Fee Includes: Storm Water Maintenance
School Information
Elementary School: Wake - Richland Creek
Middle Or Junior School: Wake - Wake Forest
High School: Wake - Wake Forest
Location Information
County Or Parish: Wake
Directions: US 1 North, right on 98 By Pass. Travel east. Turn left on Averette Road. Right on Mill Dam. Home is on the right, overlooking the lake
Latitude: 35.97887
Longitude: -78.454764
Postal Code: 27587
Road Responsibility: Public Maintained Road
Community Information
Community Features: Fishing, Lake
Senior Community: No
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 2,780
Stories: 1.0
Lot Size: 3.07 acres
Style: Single Family Residential
Year Built: 2001
Year Renovated: 2011
County: Wake County
APN: 1861.03 11 3765 000
Home facts updated by county records on Aug 11, 2026
Other
hidden custom fields
Laundry Room, Main Level, Sink
Listing Date Information
Contract Status Change Date: 2026-05-30
Documents Change Timestamp: 2026-04-11T18:20:13Z
Photos Change Timestamp: 2026-04-10T21:36:57Z
Around this home
Schools
Richland Creek Elementary School
Public PreK-5 • Assigned • 3.9mi
8/10
Wake Forest Middle School
Public 6-8 • Assigned • 4.6mi
4/10
Wake Forest High School
Public 9-12 • Assigned • 3.4mi
7/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
6/10 Wind Factor
48% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wake Forest, NC • 27587
Average low and high temperatures (°F)
48
29
54
35
70
46
78
54
79
59
89
69
91
74
81
67
80
65
72
52
65
45
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Wake Forest. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$982,000 – $1.19M
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