Stunning Retreat in Sought-After Millrace Subdivision Welcome to your dream home in Millrace, one of Wake Forest's most coveted luxury communities. Known for its peaceful atmosphere and private pond views, this neighborhood blends serenity and convenience just minutes from local amenities. This beautiful 4-bedroom home offers a spacious and thoughtful layout with the primary suite on the main floor. The owner's retreat features light-toned luxury vinyl plank flooring and room for a king-sized bed. The en-suite bath includes a jetted tub, large ceramic-tiled shower, dual vanities, white cabinetry, and an oversized mirror. The heart of the home is a soaring living room with vaulted ceilings, a dramatic stone hearth wood-burning fireplace, and glass doors that open to an expansive, multi-level deck. Whether you're hosting a gathering or enjoying a quiet evening, the flow of this home is perfect for entertaining. The gourmet kitchen includes high-end granite countertops, hardwood floors, an electric cooktop, a large refrigerator, and generous cabinet space. Enjoy your morning coffee in the breakfast nook while taking in serene views of the pond from the front porch. Need a quiet escape? The cozy sunroom is surrounded by windows and includes a mini-split system for year-round comfort—ideal for unwinding with a book or soaking up natural light. Upstairs, you'll find two spacious bedrooms, ample storage, and a versatile bonus room—perfect for a playroom, home office, or guest space. Outside, a long gravel driveway leads to a detached two-car garage with a fully finished apartment above. This bonus space includes a full bath with a walk-in shower, making it a great option for guests, a teen suite, or even a private game room. Don't miss your chance to own a slice of paradise in Wake Forest. With scenic surroundings, custom features, and flexible living space, this home truly has it all.
Custom built waterview home with first floor master in Millrace. Private, large lot, Incredible granite countertops, stone covered fireplace hearth to ceiling, spacious and well designed floor plan, hardwood floors, side porches and a huge deck. Finished bonus with full bath above the garage! Easy 30 minute or less commute to RTP, RDU or downtown.
TMLS #1876928
Oct 1, 2013
Listing Removed
—
Jul 18, 2013
Price Changed
$415,000
$137/sq ft
Jun 1, 2013
Price Changed
$425,000
$141/sq ft
Mar 4, 2013
Listed
$439,900
$145/sq ft
TMLS #1744589
Nov 11, 2010
Listing Removed
—
Aug 25, 2010
Listed
$439,900
$145/sq ft
TMLS #1690508
Jul 1, 2010
Listing Removed
—
Oct 15, 2009
Listed
$450,000
$149/sq ft
TMLS #754183
Sep 22, 2008
Listing Removed
—
Jul 12, 2004
Listed
$429,900
$142/sq ft
TMLS #811701
Apr 24, 2008
Listing Removed
—
Jul 7, 2005
Listed
$429,900
$142/sq ft
TMLS #888497
Nov 10, 2006
Sold
$410,000
$136/sq ft
Sep 14, 2006
Listed
$429,900
$142/sq ft
TMLS #841542
Sep 14, 2006
Listing Removed
—
Jan 12, 2006
Listed
$429,900
$142/sq ft
TMLS #778805
Jul 7, 2005
Listing Removed
—
Jan 3, 2005
Listed
$429,000
$142/sq ft
TMLS #411657
Feb 5, 1997
Listing Removed
—
May 2, 1996
Listed
$369,900
$122/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,251 (+3.0%)
$210,000 + $617,627
$827,627
2024
$5,099 (+41.7%)
$210,000 + $607,921
$817,921
2023
$3,599 (+7.9%)
$210,000 + $607,921
$817,921
2022
$3,335 (+2.8%)
$120,000 + $339,051
$459,051
2021
$3,246 (+1.7%)
$120,000 + $339,051
$459,051
2020
$3,192 (+0.2%)
$120,000 + $339,051
$459,051
2019
$3,186 (+8.8%)
$120,000 + $339,051
$459,051
2018
$2,929 (+5.5%)
$76,500 + $311,195
$387,695
2017
$2,777 (+2.1%)
$76,500 + $311,195
$387,695
2016
$2,720 (−8.7%)
$76,500 + $311,195
$387,695
2015
$2,979 (+5.5%)
$76,500 + $311,195
$387,695
2014
$2,823 (+7.1%)
$115,000 + $311,068
$426,068
2013
$2,636
$115,000 + $311,068
$426,068
2012
$2,636
$115,000 + $311,068
$426,068
2011
$2,636
$115,000 + $311,068
$426,068
Tax history for 5241 Mill Dam Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,251 (+3.0%)
$210,000 + $617,627
$827,627
2024
$5,099 (+41.7%)
$210,000 + $607,921
$817,921
2023
$3,599 (+7.9%)
$210,000 + $607,921
$817,921
2022
$3,335 (+2.8%)
$120,000 + $339,051
$459,051
2021
$3,246 (+1.7%)
$120,000 + $339,051
$459,051
2020
$3,192 (+0.2%)
$120,000 + $339,051
$459,051
2019
$3,186 (+8.8%)
$120,000 + $339,051
$459,051
2018
$2,929 (+5.5%)
$76,500 + $311,195
$387,695
2017
$2,777 (+2.1%)
$76,500 + $311,195
$387,695
2016
$2,720 (−8.7%)
$76,500 + $311,195
$387,695
2015
$2,979 (+5.5%)
$76,500 + $311,195
$387,695
2014
$2,823 (+7.1%)
$115,000 + $311,068
$426,068
2013
$2,636
$115,000 + $311,068
$426,068
2012
$2,636
$115,000 + $311,068
$426,068
2011
$2,636
$115,000 + $311,068
$426,068
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
3
Stories
1.5
Lot width
—
Lot depth
—
Lot size
1.44 Acres
Year renovated
2001
Sq. Ft.
3,477
Year built
1996
Style
Single Family Residential
County
Wake County
APN
1861.03 12 7346 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
Jun 22, 2023 • Final
Residential alteration
Remodel
Oct 26, 2022 • Final
Residential hvac or water heater replacement
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
Open Parking: Yes
Open Parking Spaces: 4
Parking Features: Deck, Garage, Garage Door Opener, Garage Faces Side
Parking Total: 6
Interior
Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 1
Bedroom Information
Bedrooms Total: 4
Interior Features
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Gas Water Heater
Window Features: Insulated Windows
Laundry Features: Laundry Room, Main Level
Interior Features: Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Recessed Lighting, Room Over Garage, Separate Shower, Soaking Tub, Walk-In Closet(s), Walk-In Shower, Water Closet, Whirlpool Tub