SOLD FEB 26, 2026

Off Market Feb 2026 for $1.3M

$1,436,002

Est. refi paymentEst. refi $8,766/mo

•

4,614

sq ft

5316 Mill Dam Rd, Wake Forest, NC 27587

About this home

Exclusive Wake Forest Lakefront Estate Discover refined lakefront living with this private 4.35-acre retreat in Wake Forest, offering 4,614 sq. ft. of beautifully designed space, along with a 4 car garage! This is a four bedroom home that lives like a five bedroom home! Blending timeless craftsmanship with thoughtful updates, this custom-built estate delivers both luxury and peace of mind. Major upgrades include a new roof in 2018 and a tankless water heater 2024 ensuring modern comfort and long-term value. Crown molding, custom trim, and fresh paint throughout highlight the home's attention to detail. The heart of the home features an updated kitchen with quartz counters with waterfall island, quartz slab back splash, custom cabinetry, premium fixtures, and an effortless flow for entertaining. The hardwood floors continue to the first-floor primary suite is a true sanctuary, and a fully renovated spa-inspired bathroom with dual shower heads and even a cedar closet space! Adjoining the primary is an elegant private office. A formal dining completes this estate with enough seating for 8 guests comfortably. Soaring ceilings and walls of windows in the two-story great room flood the home with natural light and frame breathtaking views of the lake. Upstairs, 3 bedrooms, of which one has en suite bath, PLUS a spacious loft provide private havens for family or guests! A separate Bonus Wing with its own entry and staircase offers unmatched flexibility—ideal for multigenerational living, a guest retreat, or a home-based business. Here you will find another bedroom and loft area with a dinette kitchen!!! Outdoor living is elevated with a covered porch, hot tub, fire pit, and private dock, all set against the backdrop of serene lakefront scenery. The four-car garage includes one bay that is fully heated and cooled—perfect for a workshop, studio, or climate-sensitive storage. 12x18 shed on permanent foundation. All of this just minutes from Wake Forest's shopping, dining, and parks—an extraordinary estate where luxury and convenience meet.

Single-familyProperty Type

1997Year Built

4.35 acresLot Size

$311Est. Price/Sq.Ft.

4 car garageParking

Listed by Michael Ulrich • AMG Realty LLC

Bought with Dana Ellington • Compass -- Raleigh

Redfin checked: 2 minutes ago

•Source:TMLS #10125433

Redfin Estimate

$1,436,002

$111K since sold in February 2026$2,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 49.7% higher than the average sale price ($959K) 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 JUN 8, 2026
$1,400,000
B
4 beds5 baths4,959 sq ft
1632 Sterling Lake Dr, 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 JUN 12, 2026
$895,000
D
4 beds3 baths2,978 sq ft
190 River Watch Ln, Youngsville, NC 27596
SOLD JUL 9, 2026
$995,000
E
5 beds3.5 baths3,718 sq ft
1548 Sterling Lake Dr, Wake Forest, NC 27587
SOLD AUG 19, 2026
$665,000
F
5 beds3 baths2,902 sq ft
150 Rivers Edge Dr, Youngsville, NC 27596

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Earn from this home

Sell

$300,491

Est. take-home

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Refinance

Est. cash available

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Rent

$3,984/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

98.7%

+0.1% MoM

Median sale price

$510K

$14K MoM

Avg. days on market

42d

6 days MoM

Recently sold homes

478

3 MoM

New listings for sale

NEW 8 HRS AGO
$699,900
4 beds3 baths3,360 sq ft
1149 Golden Star Way, Wake Forest, NC 27587
NEW 13 HRS AGO
$575,000
3 beds3 baths2,850 sq ft
566 Timberknoll Ln, Wake Forest, NC 27587
NEW 21 HRS AGO
$429,000
3 beds3 baths2,185 sq ft
1217 Woodland Church Rd, Wake Forest, NC 27587
NEW 22 HRS AGO
$454,900
4 beds3 baths2,543 sq ft
397 Natsam Woods Way, Wake Forest, NC 27587
OPEN SUN, 2PM TO 4PM
$369,950
4 beds3.5 baths2,214 sq ft
120 Daisy Meadow Ln, Wake Forest, NC 27587
COMING SOON
$1,564,900
4 beds3.5 baths4,890 sq ft
7521 Summit Pine Way, Wake Forest, NC 27587
COMING SOON
$649,000
5 beds4.5 baths3,236 sq ft
1420 Holding Village Way, Wake Forest, NC 27587
NEW 33 HRS AGO
$500,000
4 beds4 baths3,993 sq ft
134 Dogwood Ln, Wake Forest, NC 27587
NEW 35 HRS AGO
$273,900
3 beds2.5 baths1,470 sq ft
2905 Gross Ave, Wake Forest, NC 27587
OPEN SUN, 1PM TO 4PM
$689,000
4 beds2.5 baths2,958 sq ft
609 Lake Holding St, Wake Forest, NC 27587
See all

Provided by Redfin

Redfin agents who toured

Attractive, well maintained home and development. Hardwoods, tile, paint, trim, cabinets and countertops all very nice. Spacious, quality home on a gorgeous waterfront lot.
10 months ago• May not reflect the current state of the home
David Buckey
Redfin Associate agent

Sale history for 5316 Mill Dam Rd

Date

Event

Price

TMLS #10125433

Feb 26, 2026

Sold

$1,325,000

$287/sq ft

Jan 14, 2026

Pending

—

Oct 2, 2025

Listed

$1,350,000

$293/sq ft

Oct 2, 2025

Coming Soon

$1,350,000

$293/sq ft

TMLS #2385082

Sep 8, 2021

Sold

$900,000

$195/sq ft

Jun 21, 2021

Contingent

—

Jun 18, 2021

Listed

$875,000

$190/sq ft

+25

You could spend all day enjoying the outdoors at this private 4.35 acre lake retreat. 1st Flr MB, main floor office; 4-Car Garage; Lg 2-Room bonus space w/ separate staircase (indoor & outdoor entry). .. great for home based business. Custom built builders home w/ custom cabinets & crown molding, 2 story sun-filled great rm, loft, 2 bedroom suites on 2nd floor. All within an easy convenient drive to WF shopping and restaurants; Covered porch, Lake View, fire pit & Boat Dock; plus a whole house generator

Public Records

Apr 25, 1996

Sold

$119,000

$26/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$7,600 (+3.0%)

$294,000 + $891,093

$1,185,093

2024

$7,379 (+47.2%)

$294,000 + $891,093

$1,185,093

2023

$5,014 (+7.9%)

$294,000 + $891,093

$1,185,093

2022

$4,645 (+2.8%)

$168,000 + $472,442

$640,442

2021

$4,520 (+1.7%)

$168,000 + $472,442

$640,442

2020

$4,445 (−14.9%)

$168,000 + $472,442

$640,442

2019

$5,225 (+8.8%)

$168,000 + $472,442

$640,442

2018

$4,802 (+5.5%)

$202,500 + $434,801

$637,301

2017

$4,551 (+2.1%)

$202,500 + $434,801

$637,301

2016

$4,458 (−4.5%)

$202,500 + $434,801

$637,301

2015

$4,670 (+5.5%)

$202,500 + $434,801

$637,301

2014

$4,426 (+7.1%)

$230,000 + $439,662

$669,662

2013

$4,132

$230,000 + $439,662

$669,662

2012

$4,132

$230,000 + $439,662

$669,662

2011

$4,132

$230,000 + $439,662

$669,662

Tax history for 5316 Mill Dam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,600 (+3.0%)

$294,000 + $891,093

$1,185,093

2024

$7,379 (+47.2%)

$294,000 + $891,093

$1,185,093

2023

$5,014 (+7.9%)

$294,000 + $891,093

$1,185,093

2022

$4,645 (+2.8%)

$168,000 + $472,442

$640,442

2021

$4,520 (+1.7%)

$168,000 + $472,442

$640,442

2020

$4,445 (−14.9%)

$168,000 + $472,442

$640,442

2019

$5,225 (+8.8%)

$168,000 + $472,442

$640,442

2018

$4,802 (+5.5%)

$202,500 + $434,801

$637,301

2017

$4,551 (+2.1%)

$202,500 + $434,801

$637,301

2016

$4,458 (−4.5%)

$202,500 + $434,801

$637,301

2015

$4,670 (+5.5%)

$202,500 + $434,801

$637,301

2014

$4,426 (+7.1%)

$230,000 + $439,662

$669,662

2013

$4,132

$230,000 + $439,662

$669,662

2012

$4,132

$230,000 + $439,662

$669,662

2011

$4,132

$230,000 + $439,662

$669,662

*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

3.5

Stories

1.75

Lot width

—

Lot depth

—

Lot size

4.35 Acres

Year renovated

2007

Sq. Ft.

4,562

Year built

1997

Style

Single Family Residential

County

Wake County

APN

1861.03 21 8543 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

Jan 31, 2024 • Final

Residential or farm trade permit. electrical, mechanical or plumbing

Convert a home to natural gas including gas logs, a generator, and a furnace. Replace a tankless water heater and work on existing gas lines. No trenching or additional electrical work is included.

Gas

Generator

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: 4
Parking Features: Additional Parking, Deck, Driveway, Garage, Garage Door Opener, Garage Faces Side, Heated Garage, Lighted, Oversized, Parking Pad, Paved, Private

Interior

Virtual Tour

Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 2

Bedroom Information
Bedrooms Total: 4
Main Level Bedrooms: 1

Interior Features
Appliances: Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Wall Oven
Laundry Features: Common Area, Inside, Laundry Room, Main Level, Sink
Interior Features: Bathtub Only, Bathtub/Shower Combination, Bookcases, Built-in Features, Cedar Closet(s), Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Quartz Counters, Separate Shower, Shower Only, Smart Home, Smart Thermostat, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet
Fireplace: Yes
Fireplace Features: Electric, Family Room
Fireplaces Total: 1
Flooring: Carpet, Hardwood, Tile

Room Information
Has Basement
Crawl Space

Exterior

Building Information
Construction Materials: Fiber Cement, Masonite
Building Area Total: 4614.0
Structure Type: House, Site Built

Exterior Features
Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch, Wrap Around
Exterior Features: Fenced Yard, Fire Pit, Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Lock(s), Storage
Fencing: Back Yard, Fenced
Roof: Shingle

Property information
Living Area: 4,614
Above Grade Finished Area: 4614.0
Below Grade Finished Area: 0.0
Levels: Two
Other Structures: Shed(s)

Land Information
Vegetation: Partially Wooded

Lot Information
Frontage Type: Lakefront, Waterfront
Lot Size Acres: 4.35
Lot Size Area: 4.35
Lot Size Square Feet: 189485.0
Lot Size Units: Acres
Water Body Name: Austin Creek
Waterfront: Yes

Financial

Tax Information
Tax Annual Amount: 7599.86

Financial Information
Buyer Financing: Cash

Utilities

Utility Information
Sewer: Septic Tank
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
Water Source: Community Water

Heating & Cooling
Heating: Yes
Heating Information: Electric, Forced Air
Cooling: Yes
Cooling Information: Central Air, Electric, Zoned

Location

HOA Information
Association: Yes
Association Name: Millrace HOA
Association Amenities: Maintenance Grounds, Pond Year Round, Other
Association Fee: 416.0
Association Fee Frequency: Annually
Association Fee Includes: Maintenance Grounds

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 Averette Road turn into Millrace subdivision, onto Mill Dam Road. Follow road until you find the address 5316 Mill Dam Road on your right.
Latitude: 35.97845
Longitude: -78.44943
Postal Code: 27587
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road

Community Information
Community Features: Lake, Street Lights
Senior Community: No

Public facts

Beds: —
Baths: 3.5
Sq. Ft.: 4,562
Stories: 1.75
Lot Size: 4.35 acres
Style: Single Family Residential
Year Built: 1997
Year Renovated: 2007
County: Wake County
APN: 1861.03 21 8543 000

Home facts updated by county records on Aug 11, 2026

Other

hidden custom fields
Common Area, Inside, Laundry Room, Main Level, Sink

Listing Date Information
Contract Status Change Date: 2026-02-26
Documents Change Timestamp: 2026-01-13T01:57:09Z
Photos Change Timestamp: 2025-10-04T17:12:23Z

Around this home

Schools

Richland Creek Elementary School

Public PreK-5 • Assigned • 4.2mi

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

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

$1.37M – $1.65M

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New listings for sale in 27587

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Home values near 5316 Mill Dam Rd

Data from public records.

Address	Redfin Estimate
5320 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3233 Sq. Ft.	$845,945
5305 Mill Dam Rd, Wake Forest, NC 6 Beds \| 4 Baths \| 4409 Sq. Ft.	$937,536

Address	Redfin Estimate
5328 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 3427 Sq. Ft.	$1,176,808
5313 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 3334 Sq. Ft.	$877,704

Address	Redfin Estimate
5321 Mill Dam Rd, Wake Forest, NC - Beds \| 3 Baths \| 3850 Sq. Ft.	$987,151
5309 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 2700 Sq. Ft.	$709,208

Property information provided by TMLS when last listed in 2025. 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

Redfin agents who toured

Sale history for 5316 Mill Dam Rd

Tax history for 5316 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 5316 Mill Dam Rd

More real estate resources