OFF MARKET

Off Market Jul 2023 for $1.1M

$1,268,820

Est. refi paymentEst. refi $7,376/mo

•

3,913

sq ft

5248 Mill Dam Rd, Wake Forest, NC 27587

About this home

CUSTOM BUILT RANCH HOME on over 3 acres w/ 180 degrees of a Breathtaking WATERFRONT LAKE VIEW! LOW HOA's, NO CITY TAXES! You DO NOT want to miss out on this Meticulously Maintained Home & Yard. 13 ft ceilings, Walk out Basement, Views from EVERY room in the House, Large Screened Porch, Back Deck that spans the length of the House, 2 Gas Fireplaces, 3 Car Garage, Private lot, Long Driveway that leads you to the HOUSE of YOUR DREAMS!Circular Driveway, Covered Parking to Front Solid Mahogany Double Front Doors. Open Foyer to Living Room & Separate Dining Room. Private Home Office, Large Primary Suite w/ Large En Suite, Skylights, Walk in Shower, Gas Fireplace, Walk In Closet, Access to Laundry Rm and Amazing Views of Backyard and Lake. Kitchen & Breakfast Area are Open to Family Rm w/ direct access to Screened in Porch & Deck. Secondary Bedrooms & Additional Full Bath w/ Walk in Shower, Tub & Dual Sinks in Private wing on home. Daylight Walk out Basement is a wonderful space for you to use how best fits your needs & Additional Full Bath finishing the space! Such a relaxing tranquil setting w/ in minutes from shopping, restaurants & more

Single-familyProperty Type

1998Year Built

3.26 acresLot Size

$324Est. Price/Sq.Ft.

3 car garageParking

Listed by Allison Caudle • Southern Lux Living

Bought with Non Member • Non Member Office

Redfin checked: 2 minutes ago

•Source:TMLS #2512147

Redfin Estimate

$1,268,820

$119K since sold in July 2023$6,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 56.3% higher than the average sale price ($812K) of 6 comparable homes.

SOLD MAY 29, 2026
$1,000,000
A
3 beds3.5 baths3,045 sq ft
5228 Mill Dam Rd, Wake Forest, NC 27587
SOLD FEB 26, 2026
$1,325,000
B
4 beds4 baths4,614 sq ft
5316 Mill Dam Rd, Wake Forest, NC 27587
SOLD JAN 27, 2026
$800,000
C
4 beds3 baths3,247 sq ft
5373 Mill Dam Rd, Wake Forest, NC 27587
SOLD JUL 21, 2026
$475,000
D
3 beds3 baths2,296 sq ft
7704 Zebulon Rd, Youngsville, NC 27596
SOLD JUN 24, 2026
$375,000
E
3 beds3 baths2,396 sq ft
330 Cherrylaurel Dr, Youngsville, NC 27596
SOLD JUN 12, 2026
$895,000
F
4 beds3 baths2,978 sq ft
190 River Watch Ln, Youngsville, NC 27596

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Earn from this home

Sell

$326,905

Est. take-home

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Refinance

Est. cash available

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Rent

$3,668/mo

Redfin rental estimate

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Market trends in 27587, NC

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.6%

0.0% MoM

Median sale price

$525K

$5K MoM

Avg. days on market

36d

4 days MoM

Recently sold homes

483

1 MoM

New listings for sale

$449,000
2 beds2 baths1,766 sq ft
1136 Blue Bird Ln, Wake Forest, NC 27587
NEW 1 HR AGO
$665,000
5 beds4 baths4,415 sq ft
2928 Thurman Dairy Lp, Wake Forest, NC 27587
OPEN SAT, 1PM TO 3PM
$475,000
3 beds2.5 baths2,342 sq ft
6301 Willowlawn Dr, Wake Forest, NC 27587
NEW 24 HRS AGO
$619,900
5 beds4 baths3,509 sq ft
2012 Hay House Ave, Wake Forest, NC 27587
$425,000
3 beds2.5 baths1,913 sq ft
1709 Glazebrook Dr, Wake Forest, NC 27587
$825,000
4 beds4 baths3,639 sq ft
6600 Mountain Oaks Way, Wake Forest, NC 27587
$725,000
4 beds3.5 baths3,252 sq ft
4132 Field Oak Dr, Wake Forest, NC 27587
$335,000
3 beds1 bath1,700 sq ft
5600 Mitchell Mill Rd, Wake Forest, NC 27587
$1,549,900
5 beds3.5 baths3,877 sq ft
7217 Ledford Grove Ln, Wake Forest, NC 27587
3D WALKTHROUGH
$1,070,000
4 beds4.5 baths4,569 sq ft
1108 Harrison Ridge Rd, Wake Forest, NC 27587
See all

Provided by Redfin

Sale history for 5248 Mill Dam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,317 (+3.0%)

$273,000 + $867,896

$1,140,896

2024

$7,105 (+30.0%)

$273,000 + $867,896

$1,140,896

2023

$5,466 (+7.9%)

$273,000 + $867,896

$1,140,896

2022

$5,064 (+2.8%)

$156,000 + $542,485

$698,485

2021

$4,928 (−14.6%)

$156,000 + $542,485

$698,485

2019

$5,773 (+8.8%)

$156,000 + $542,485

$698,485

2018

$5,306 (+7.7%)

$157,500 + $546,868

$704,368

2017

$4,926

$157,500 + $546,868

$704,368

2016

$4,925 (−9.7%)

$157,500 + $546,868

$704,368

2015

$5,453 (+5.5%)

$157,500 + $546,868

$704,368

2014

$5,167 (+7.1%)

$230,000 + $552,333

$782,333

2013

$4,824

$230,000 + $552,333

$782,333

2012

$4,824

$230,000 + $552,333

$782,333

2011

$4,824

$230,000 + $552,333

$782,333

Tax history for 5248 Mill Dam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,317 (+3.0%)

$273,000 + $867,896

$1,140,896

2024

$7,105 (+30.0%)

$273,000 + $867,896

$1,140,896

2023

$5,466 (+7.9%)

$273,000 + $867,896

$1,140,896

2022

$5,064 (+2.8%)

$156,000 + $542,485

$698,485

2021

$4,928 (−14.6%)

$156,000 + $542,485

$698,485

2019

$5,773 (+8.8%)

$156,000 + $542,485

$698,485

2018

$5,306 (+7.7%)

$157,500 + $546,868

$704,368

2017

$4,926

$157,500 + $546,868

$704,368

2016

$4,925 (−9.7%)

$157,500 + $546,868

$704,368

2015

$5,453 (+5.5%)

$157,500 + $546,868

$704,368

2014

$5,167 (+7.1%)

$230,000 + $552,333

$782,333

2013

$4,824

$230,000 + $552,333

$782,333

2012

$4,824

$230,000 + $552,333

$782,333

2011

$4,824

$230,000 + $552,333

$782,333

*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

Stories

Lot width

—

Lot depth

—

Lot size

3.26 Acres

Year renovated

2003

Sq. Ft.

3,914

Year built

1998

Style

Single Family Residential

County

Wake County

APN

1861.03 11 8758 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

Jul 31, 2025 • Final

Residential trade permit. plumbing, mechanical, or electrical

Remove and replace a split gas system serving the master bedroom area of a residential building. The air handling unit is located in the overhead space and the condenser is located at the back of the home.

HVAC

Jul 31, 2025 • Final

Residential trade permit. plumbing, mechanical, or electrical

Remove and replace two heating and air conditioning systems. System one is a package unit located at the back of the home. System two is an air handler located in the crawlspace with a condenser located at the back of the home.

Gas

HVAC

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
Carport: Yes
Garage: Yes
Garage Spaces: 3
Parking Features: Attached, Carport, Circular Driveway, Concrete, Covered, Driveway, Garage, Garage Door Opener, Garage Faces Front

Interior

Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 1

Bedroom Information
Bedrooms Total: 3

Interior Features
Appliances: Cooktop, Dishwasher, Double Oven, Electric Cooktop, Gas Water Heater, Refrigerator, Tankless Water Heater, Wall Oven
Window Features: Blinds, Skylight(s)
Laundry Features: Main Level
Interior Features: Bookcases, Butler's Pantry, Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, Pantry, Primary Downstairs, Separate Shower, Smooth Ceilings, Tile Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
Fireplace: Yes
Fireplace Features: Family Room, Gas Log, Primary Bedroom
Fireplaces Total: 2
Flooring: Carpet, Tile

Room Information
Daylight, Exterior Entry, Finished, Heated, Interior Entry

Exterior

Building Information
Construction Materials: Stucco
Building Area Total: 3913.0
Builder Name: Clearwater Custom Homes
Structure Type: Site Built

Exterior Features
Patio and Porch Features: Covered, Deck, Porch, Screened
Exterior Features: Rain Gutters

Property information
Accessibility Features: Accessible Doors, Accessible Washer/Dryer, Level Flooring
Above Grade Finished Area: 3031.0
Below Grade Finished Area: 882.0
Levels: One
Ownership Type: Other

Green Features
Green Energy Efficient: Insulation, Lighting, Thermostat

Lot Information
Lot Size Acres: 3.26
Lot Size Area: 3.26
Lot Size Dimensions: 112 x 536 x 234 x 241 x 57 x 191 x 293
Lot Size Square Feet: 142005.6
Lot Size Units: Acres
Waterfront: Yes
Zoning: R-30

Financial

Tax Information
Tax Annual Amount: 5064.0

Financial Information
Buyer Financing: Cash

Utilities

Utility Information
Sewer: Septic Tank
Utilities: Cable Available
Water Source: Community Water

Heating & Cooling
Heating: Yes
Heating Information: Natural Gas, Zoned
Cooling: Yes
Cooling Information: Central Air, Zoned

Location

HOA Information
Association: Yes
Association Name: Millrace HOA
Association Fee: 344.0
Association Fee Frequency: Annually
Association Fee 2: 0.0

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: From 98, Turn LT on Averette Rd. Millrace neighborhd is a couple miles down on RT. Turn RT into neighborhood. Enjoy the lush established neighborhood as you drive about 3/4 of a mile. Your new home awaits you on the RT. Welcome home to 5248 Mill Dam
Latitude: 35.979051
Longitude: -78.453068
Postal Code: 27587

Public facts

Beds: —
Baths: 3.0
Sq. Ft.: 3,914
Stories: 1.0
Lot Size: 3.26 acres
Style: Single Family Residential
Year Built: 1998
Year Renovated: 2003
County: Wake County
APN: 1861.03 11 8758 000

Home facts updated by county records on Aug 11, 2026

Other

hidden custom fields
Main Level

Listing Date Information
Contract Status Change Date: 2023-07-14
Documents Change Timestamp: 2024-06-14T23:21:39Z
Photos Change Timestamp: 2023-09-28T06:27:05Z

Around this home

Schools

Richland Creek Elementary School

Public PreK-5 • Assigned • 4.0mi

8/10

Wake Forest Middle School

Public 6-8 • Assigned • 4.7mi

4/10

Wake Forest High School

Public 9-12 • Assigned • 3.5mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

49% 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

9.1 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.21M – $1.46M

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Nearby similar homes

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New listings for sale in 27587

$449,000

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1136 Blue Bird Ln, Wake Forest, NC 27587

NEW 1 HR AGO

$665,000

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2928 Thurman Dairy Lp, Wake Forest, NC 27587

OPEN SAT, 1PM TO 3PM

$475,000

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NEW 24 HRS AGO

$619,900

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Home values near 5248 Mill Dam Rd

Data from public records.

Address	Redfin Estimate
5232 Mill Dam Road, Wake Forest, NC - Beds \| 3.5 Baths \| 2808 Sq. Ft.	$882,548
5241 Mill Dam Road, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3024 Sq. Ft.	$859,522

Address	Redfin Estimate
5240 Mill Dam Road, Wake Forest, NC - Beds \| 3.5 Baths \| 3328 Sq. Ft.	$894,308
5245 Mill Dam Road, Wake Forest, NC - Beds \| 3 Baths \| 2826 Sq. Ft.	$909,445

Address	Redfin Estimate
5300 Mill Dam Road, Wake Forest, NC 4 Beds \| 3.5 Baths \| 4348 Sq. Ft.	$1,277,230
5237 Mill Dam Road, Wake Forest, NC 4 Beds \| 4 Baths \| 3907 Sq. Ft.	$879,041

Property information provided by TMLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27587, NC

Sale history for 5248 Mill Dam Rd

Tax history for 5248 Mill Dam Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27587

Home values near 5248 Mill Dam Rd

More real estate resources