OPEN SAT, 12PM TO 2PM

For sale

$1,325,000

Est. $7,826/mo —

•

4,348

sq ft

5300 Mill Dam Rd, Wake Forest, NC 27587

About this home

Discover the perfect blend of privacy, versatility, and natural beauty in this exceptional waterfront home nestled on 2.84 acres in the sought-after Millrace community. Bordering Austin Creek and overlooking peaceful community ponds, this property offers a tranquil setting while remaining just minutes from the best of Wake Forest. Designed with flexibility in mind, the home features 4 bedrooms, a dedicated home office, and an oversized game room with a wet bar. The thoughtfully designed floor plan includes a main-level primary suite along with two additional first-floor bedrooms, making everyday living convenient for a variety of lifestyles. Upstairs, you'll find another private bedroom, office, and an expansive bonus/game room perfect for entertaining, a home theater, fitness space, or teen retreat. Outside, enjoy the serenity of your private waterfront setting with plenty of room for outdoor recreation, gardening, or simply relaxing while taking in the peaceful views. A spacious 2-car garage provides ample storage and convenience. Despite its secluded feel, this home is just a short drive to Downtown Wake Forest, where you'll enjoy locally owned restaurants, boutiques, coffee shops, and year-round community events. Outdoor enthusiasts will appreciate the nearby Falls Lake Recreation Area, E. Carroll Joyner Park, and Wake Forest's extensive greenway system, while shopping, grocery stores, and everyday conveniences along the Capital Boulevard corridor are all within easy reach. This is a rare opportunity to own a spacious waterfront property that combines the tranquility of country living with the convenience of one of Wake Forest's most desirable locations. Upgrades include HVAC (2022), Radon Mitigation System, Partial Crawlspace Encapsulation, RO Water Filter, Whole House Steam Humidifier.

Single-familyProperty Type

1997Year Built

2.84 acresLot Size

$305Price/Sq.Ft.

$36/moHOA Dues

2 car garageParking

Listed by Michael Ulrich • AMG Realty LLC

Listing updated: Aug 30, 2026 at 02:46am

Redfin checked: 2 minutes ago

•Source:TMLS #10179572

Payment calculator

$7,826 per month

Principal and interest$6,963

Property taxes

HOA dues

Home insurance

Utilities

5 minutes to get started. No credit impact.

Discover your buying power

Find out if this home is within budget

Down payment assistance

View down payment assistance programs for this home

See this home in person

Open houses

Saturday, Sep 5

12:00pm - 2:00pm

Nearby open houses (10)

OPEN THU, 1PM TO 3PM
$615,000
4 beds3.5 baths3,274 sq ft
2013 Edens Ridge Ave, Wake Forest, NC 27587
OPEN THU, 5PM TO 7PM3D WALKTHROUGH
$625,000
5 beds4 baths3,070 sq ft
540 Old Dairy Dr, Wake Forest, NC 27587
OPEN SAT, 11AM TO 1PM
$509,900
4 beds2.5 baths2,740 sq ft
1605 Gracechurch St, Wake Forest, NC 27587
OPEN SAT, 12PM TO 3PM3D WALKTHROUGH
$345,000
3 beds3.5 baths1,810 sq ft
5234 Beardall St, Raleigh, NC 27616
OPEN SAT, 12PM TO 2PM
$290,000
2 beds2.5 baths1,196 sq ft
1824 Natalie Brook Way, Raleigh, NC 27609
OPEN SAT, 1PM TO 3PM
$900,000
5 beds4 baths3,741 sq ft
108 Nate Ct, Wake Forest, NC 27587
OPEN SAT, 1PM TO 3PM
$424,900
3 beds2 baths2,220 sq ft
2317 Penarth Ct, Zebulon, NC 27597
OPEN SUN, 12PM TO 2PM3D WALKTHROUGH
$525,000
4 beds3 baths2,290 sq ft
5049 Glenmorgan Ln, Raleigh, NC 27616
OPEN SUN, 12PM TO 2PM3D WALKTHROUGH
$495,000
4 beds3.5 baths2,196 sq ft
15 Arbor Dr, Youngsville, NC 27596
OPEN SUN, 1PM TO 3PM
$715,000
3 beds2.5 baths3,010 sq ft
8493 Falkirk Ridge Ct, Wake Forest, NC 27587

Around this home

Schools

K - 12
Preschool & daycare

Richland Creek Elementary School

Public PreK-5 • Assigned • 4.1mi

8/10

Wake Forest Middle School

Public 6-8 • Assigned • 4.8mi

4/10

Wake Forest High School

Public 9-12 • Assigned • 3.7mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

5300 Mill Dam Rd · $1,325,000

Strong offer

$1.32M and above

75% chance or better to win

Why $1.32M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 42 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Wet bar and built-in bar fridge
Bar and chandelier
Bathtub/shower combination and separate walk-in shower
Double vanity and water closet in primary bath
Built-in features and pantry
Kitchen island and eat-in kitchen with open floorplan
Entrance foyer and dining L
High-speed internet available
Radon mitigation system
Recessed lighting and ceiling fans
Crown molding and smooth ceilings
Vaulted and cathedral ceilings
Walk-in closets and interior storage

Bedrooms
Four bedrooms total with primary suite on the main level
Three main-level bedrooms

Bathrooms
Three full bathrooms
One half bathroom

Kitchen
Propane cooktop
Wall oven and electric oven
Range hood
Microwave
Refrigerator
Dishwasher
Water purifier (owned)

Laundry & utility
Main-level laundry room with in-unit washer/dryer hookups

Flooring
Hardwood flooring
Tile flooring

Heating & cooling
Central heating and cooling with electric heat pump and forced air
Ceiling fans

Sale and tax history for 5300 Mill Dam Rd

Sale History
Tax History

Date

Event

Price

TMLS #10179572

Jul 28, 2026

Price Changed

$1,325,000

$305/sq ft

Jul 10, 2026

Listed

$1,349,900

$310/sq ft

TMLS #2412698

Nov 29, 2021

Sold

$930,000

$214/sq ft

Oct 11, 2021

Listed

—

Oct 9, 2021

Coming Soon

$875,000

$201/sq ft

TMLS #2062576

Oct 26, 2016

Listing Removed

—

Aug 18, 2016

Price Changed

$550,000

$126/sq ft

Aug 17, 2016

Relisted

—

May 19, 2016

Listing Removed

—

Apr 21, 2016

Listed

$575,000

$132/sq ft

TMLS #857966

Aug 3, 2006

Sold

$582,500

$134/sq ft

Jun 24, 2006

Listing Removed

—

Apr 10, 2006

Listed

$599,900

$138/sq ft

Public Records

Jan 29, 1996

Sold

$88,500

$20/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$6,205 (+3.0%)

$210,000 + $757,049

$967,049

2024

$6,025 (+30.7%)

$210,000 + $757,049

$967,049

2023

$4,610 (+7.9%)

$210,000 + $757,049

$967,049

2022

$4,271 (+2.8%)

$120,000 + $468,682

$588,682

2021

$4,157 (+1.7%)

$120,000 + $468,682

$588,682

2020

$4,088 (−5.5%)

$120,000 + $468,682

$588,682

2019

$4,327 (+8.8%)

$120,000 + $468,682

$588,682

2018

$3,977 (+5.5%)

$90,000 + $437,342

$527,342

2017

$3,769 (+2.1%)

$90,000 + $437,342

$527,342

2016

$3,692 (−5.0%)

$90,000 + $437,342

$527,342

2015

$3,888 (+5.5%)

$90,000 + $437,342

$527,342

2014

$3,685 (+7.1%)

$115,000 + $442,073

$557,073

2013

$3,440

$115,000 + $442,073

$557,073

2012

$3,440

$115,000 + $442,073

$557,073

2011

$3,440

$115,000 + $442,073

$557,073

Public record

Public record
Zoning
Permits

Beds

—

Baths

3.5

Stories

1.5

Lot width

—

Lot depth

—

Lot size

2.84 Acres

Year renovated

2012

Finished Sq. Ft.

4,293

Unfinished Sq. Ft.

—

Total Sq. Ft.

4,293

Year built

1997

Style

Single Family Residential

County

Wake County

APN

1861.03 22 7038 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

Apr 30, 2024 • Final

Residential hvac or water heater replacement

Replace a whole-house dehumidifier in the crawlspace with a similar unit.

HVAC

Plumbing

Water heater

Sep 30, 2022 • Final

Residential hvac or water heater replacement

Replace a heat pump and air handler in the crawl space serving the first floor. Install a new media filter.

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.

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

50% 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

96/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5300 Mill Dam Rd

$1,272,055

$53K under list price of $1.33M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $575K to $700K.

SOLD AUG 3, 2026
$610,000 Last sold price
5 beds4 baths3,555 sq ft
5416 Mill Dam Rd, Wake Forest, NC 27587
$133/sq ft
smaller lot
26 years newer
SOLD JUN 29, 2026
$575,000 Last sold price
5 beds4 baths3,530 sq ft
1699 White Rose Ln, Wake Forest, NC 27587
$142/sq ft
smaller lot
27 years newer
SOLD MAR 6, 2026
$625,000 Last sold price
5 beds4 baths3,420 sq ft
3016 Hanging Valley Way, Wake Forest, NC 27587
$122/sq ft
smaller lot
29 years newer
SOLD MAR 17, 2026
$620,000 Last sold price
5 beds4 baths3,288 sq ft
309 Toadstool Trl, Wake Forest, NC 27587
$116/sq ft
smaller lot
26 years newer
SOLD SEP 23, 2025
$700,000 Last sold price
4 beds3 baths2,475 sq ft
5900 Tranquil Cv, Youngsville, NC 27596
$22/sq ft
smaller lot
28 years newer
SOLD JUN 10, 2026
$627,000 Last sold price
5 beds4 baths3,545 sq ft
313 Toadstool Trl, Wake Forest, NC 27587
$128/sq ft
smaller lot
26 years newer

Rental earnings

Est. $3,953 per month, based on comparable rentals

Tour for free, no strings attached

Takes about 5 minutes & won't affect your credit

Start an offer

(919) 583-6213