OFF MARKET

Off Market Jul 2025 for $950K

$1,209,267

Est. refi paymentEst. refi $6,229/mo

•

4,144

sq ft

5344 Mill Dam Rd, Wake Forest, NC 27587

About this home

Welcome to this stunning 2-story custom built home perfectly positioned on a private 4-acre WATERFRONT lot in Wake Forest's desirable Millrace community—just minutes from Hwy 98 and Capital Blvd conveniences. LOW HOA and NO CITY TAXES! Enjoy timeless curb appeal with a rocking chair front porch, side-load 2-car garage, and beautifully landscaped grounds enhanced by landscape lighting and a slate patio. The backyard is a private oasis with a fiberglass in-ground pool, brand-new filter system and pump, and a fenced wooded yard leading directly to the serene lake to kayak or just enjoy the peaceful view. The irrigation system draws from the lake, offering a lush landscape with no water bill. Inside, this spacious home features 4 bedrooms, each with its own en-suite bathroom and walk-in closet—including the luxurious primary suite with two separate walk-in closets. You'll also find a private office/living room, a vaulted family room with fireplace, and a gourmet kitchen perfect for entertaining. Throughout the home, enjoy real hardwood floors, crown molding, pocket doors, and a hardwired security system for peace of mind. Storage is no issue with eight storage areas off bedrooms, a large attic, and an expansive full-footprint unfinished basement offering endless potential. Recent updates include: New carpet and fresh interior paint, new water heater (2024), roof (2018), and two Trane HVAC systems (2018)! This move-in-ready home combines elegant living, thoughtful updates, and unmatched outdoor serenity. Don't miss this rare opportunity—schedule your private showing today!

Single-familyProperty Type

1999Year Built

4 acresLot Size

$292Est. Price/Sq.Ft.

2 garage spacesParking

Listed by Tammy Alexander • Real Broker, LLC

Listed by Matt Bergevin • Real Broker, LLC

Bought with Jacquelyn Matusie • Jacquelyn Matusie, Broker

Redfin checked: a minute ago

•Source:TMLS #10100466

Redfin Estimate

$1,209,267

$259K since sold in July 2025$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10.8% higher than the average sale price ($1.09M) of 6 comparable homes.

SOLD JUN 29, 2026
$575,000
A
5 beds4 baths3,530 sq ft
1699 White Rose Ln, 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 JUN 8, 2026
$1,400,000
C
4 beds5 baths4,959 sq ft
1632 Sterling Lake Dr, Wake Forest, NC 27587
SOLD JAN 27, 2026
$800,000
D
4 beds3 baths3,247 sq ft
5373 Mill Dam Rd, Wake Forest, NC 27587
SOLD MAY 29, 2026
$1,000,000
E
3 beds3.5 baths3,045 sq ft
5228 Mill Dam Rd, Wake Forest, NC 27587
SOLD MAY 26, 2026
$1,450,000
F
5 beds4.5 baths4,034 sq ft
1409 Sterling Lake Dr, Wake Forest, NC 27587

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Earn from this home

Sell

$392,770

Est. take-home

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Refinance

Est. cash available

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Rent

$4,000/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

FOR SALE BY OWNER
$745,000
3 beds3 baths3,200 sq ft
8497 Falkirk Ridge Ct, Wake Forest, NC 27587
$276,900
3 beds2.5 baths1,450 sq ft
2839 Gross Ave, Wake Forest, NC 27587
$1,150,000
5 beds4 baths4,117 sq ft
1409 Kinnesaw St, Wake Forest, NC 27587
3D WALKTHROUGH
$459,000
3 beds2.5 baths2,498 sq ft
1625 Silo Ridge Dr, Wake Forest, NC 27587
$279,900
2 beds2.5 baths1,472 sq ft
734 Parkside Townes Ct, Wake Forest, NC 27587
$180,000
2 beds1 bath720 sq ft
4436 Lassiter Rd, Wake Forest, NC 27587
$335,000
2 beds2.5 baths1,562 sq ft
604 Market Grove Dr #100, Wake Forest, NC 27587
EARLY ACCESS
$1,395,000
4 beds5 baths4,364 sq ft
8008 Wexford Waters Ln, Wake Forest, NC 27587
3D WALKTHROUGH
$1,260,000
4 beds3.5 baths4,000 sq ft
7532 Hasentree Club Dr, Wake Forest, NC 27587
$459,000
4 beds3.5 baths3,054 sq ft
4909 Universal Dr, Wake Forest, NC 27587
See all

Provided by Redfin

Sale history for 5344 Mill Dam Rd

Date

Event

Price

TMLS #10100466

Jul 28, 2025

Sold

$950,000

$229/sq ft

Jun 30, 2025

Pending

—

Jun 23, 2025

Price Changed

$950,000

$229/sq ft

Jun 15, 2025

Price Changed

$975,000

$235/sq ft

Jun 5, 2025

Listed

$990,000

$239/sq ft

Jun 3, 2025

Coming Soon

$990,000

$239/sq ft

TMLS #2126144

Jul 7, 2017

Sold

$545,000

$132/sq ft

Jun 2, 2017

Pending

—

May 7, 2017

Contingent

—

May 4, 2017

Listed

$550,000

$133/sq ft

+20

Gorgeous 2-story custom-built low country home on a serene lake! Private 4 ac lot tucked away in Wake Forest’s Millrace near Hwy 98 & Rt 1/Capital Blvd shops/dining! Rocking chair front Porch, side-load 2-car Garage, huge slate Patio & newly-lined in-ground pool in fenced wooded bkyd that leads to lake. 4 BRs each w/ their own Baths & WICs; private Office/LR; vaulted FamRm w/ FP; gourmet KIT; central vac/intercom/hrdwd flrs/crown molding thruout; big vaulted MBR w/ FP; huge BonusRm; full unfinished Basement!

TMLS #1858655

Feb 27, 2013

Sold

$440,500

$106/sq ft

Oct 11, 2012

Listed

—

+20

Public Records

Oct 4, 2012

Sold

$306,000

$74/sq ft

Public Records

Dec 31, 1997

Sold

$78,000

$19/sq ft

Public Records

Dec 31, 1997

Sold

$80,000

$19/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$6,551 (+3.0%)

$294,000 + $727,166

$1,021,166

2024

$6,361 (+33.0%)

$294,000 + $727,166

$1,021,166

2023

$4,784 (+7.9%)

$294,000 + $727,166

$1,021,166

2022

$4,433 (+2.8%)

$168,000 + $443,059

$611,059

2021

$4,314 (+1.7%)

$168,000 + $443,059

$611,059

2020

$4,242 (−10.5%)

$168,000 + $443,059

$611,059

2019

$4,740 (+8.8%)

$168,000 + $443,059

$611,059

2018

$4,356 (+5.5%)

$135,000 + $442,880

$577,880

2017

$4,129 (+6.2%)

$135,000 + $442,880

$577,880

2016

$3,887 (−14.4%)

$135,000 + $420,234

$555,234

2015

$4,540 (+5.5%)

$135,000 + $420,234

$555,234

2014

$4,302 (+7.1%)

$230,000 + $420,864

$650,864

2013

$4,016

$230,000 + $420,864

$650,864

2012

$4,016

$230,000 + $420,864

$650,864

2011

$4,016

$230,000 + $420,864

$650,864

Tax history for 5344 Mill Dam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$6,551 (+3.0%)

$294,000 + $727,166

$1,021,166

2024

$6,361 (+33.0%)

$294,000 + $727,166

$1,021,166

2023

$4,784 (+7.9%)

$294,000 + $727,166

$1,021,166

2022

$4,433 (+2.8%)

$168,000 + $443,059

$611,059

2021

$4,314 (+1.7%)

$168,000 + $443,059

$611,059

2020

$4,242 (−10.5%)

$168,000 + $443,059

$611,059

2019

$4,740 (+8.8%)

$168,000 + $443,059

$611,059

2018

$4,356 (+5.5%)

$135,000 + $442,880

$577,880

2017

$4,129 (+6.2%)

$135,000 + $442,880

$577,880

2016

$3,887 (−14.4%)

$135,000 + $420,234

$555,234

2015

$4,540 (+5.5%)

$135,000 + $420,234

$555,234

2014

$4,302 (+7.1%)

$230,000 + $420,864

$650,864

2013

$4,016

$230,000 + $420,864

$650,864

2012

$4,016

$230,000 + $420,864

$650,864

2011

$4,016

$230,000 + $420,864

$650,864

*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

Lot width

—

Lot depth

—

Lot size

4 Acres

Year renovated

2004

Sq. Ft.

4,136

Year built

1999

Style

Single Family Residential

County

Wake County

APN

1861.03 21 3173 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

Nov 30, 2023 • Final

Residential or farm trade permit. electrical, mechanical or plumbing

Convert a home to natural gas by installing two furnaces and a cooktop. Cap off gas logs, work on existing gas lines, and replace the water heater in the basement. No electrical work or trenching is included.

Gas

Plumbing

Water heater

Jun 24, 2019 • 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: No
Parking Features: Attached, Garage, Garage Faces Side
Parking Total: 4

Interior

Virtual Tour

Bathroom Information
Bathrooms Full: 4
Bathrooms Half: 1

Bedroom Information
Bedrooms Total: 4

Interior Features
Appliances: Dishwasher, Microwave, Refrigerator, Wall Oven
Laundry Features: Laundry Room, Main Level
Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Storage, Walk-In Closet(s), Walk-In Shower
Fireplace: Yes
Fireplace Features: Living Room, Primary Bedroom
Fireplaces Total: 2
Flooring: Carpet, Tile, Wood

Room Information
Unfinished

Exterior

Building Information
Construction Materials: Fiber Cement
Building Area Total: 4144.0

Exterior Features
Patio and Porch Features: Front Porch, Patio
Foundation Details: Other
Roof: Shingle

Pool Information
Pool Features: Fenced, Fiberglass, Filtered, In Ground, Outdoor Pool, Private

Property information
Above Grade Finished Area: 4144.0
Below Grade Finished Area: 0.0
Levels: Two

Lot Information
Lot Size Acres: 4.0
Lot Size Area: 4.0
Lot Size Square Feet: 174239.0
Lot Size Units: Acres
Waterfront: No

Financial

Tax Information
Tax Annual Amount: 6361.44

Financial Information
Buyer Financing: Conventional

Utilities

Utility Information
Sewer: Septic Tank
Water Source: Community Water

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

Location

HOA Information
Association: Yes
Association Name: Millrace Homeowners Association
Association Fee: 400.0
Association Fee Frequency: Annually
Association Fee Includes: Unknown

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 RDU, take I-540 E. Take exit 18 for US-401N towards Louisburg. Turn left onto US-401N/Louisburg Rd. Turn right onto NC-96 N. At traffic circle, take 3rd exit onto NC-98 W. Turn right onto Averette Rd. Turn right onto Mill Dam Rd. Home will be on right.
Latitude: 35.977364
Longitude: -78.45121
Postal Code: 27587
Road Responsibility: Public Maintained Road

Public facts

Beds: —
Baths: 3.5
Sq. Ft.: 4,136
Stories: 2.0
Lot Size: 4 acres
Style: Single Family Residential
Year Built: 1999
Year Renovated: 2004
County: Wake County
APN: 1861.03 21 3173 000

Home facts updated by county records on Aug 11, 2026

Other

hidden custom fields
Laundry Room, Main Level

Listing Date Information
Contract Status Change Date: 2025-07-28
Documents Change Timestamp: 2025-06-16T13:23:20Z
Photos Change Timestamp: 2025-06-21T20:12:21Z
Price Change Timestamp: 2025-06-23T14:48:02Z

Listing Price Information
Previous List Price: 975000.0

Around this home

Schools

Richland Creek Elementary School

Public PreK-5 • Assigned • 4.1mi

8/10

Wake Forest Middle School

Public 6-8 • Assigned • 4.7mi

4/10

Wake Forest High School

Public 9-12 • Assigned • 3.6mi

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

52% 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

$1.15M – $1.39M

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New listings for sale in 27587

FOR SALE BY OWNER

$745,000

3 beds3 baths3,200 sq ft

8497 Falkirk Ridge Ct, Wake Forest, NC 27587

$276,900

3 beds2.5 baths1,450 sq ft

2839 Gross Ave, Wake Forest, NC 27587

$1,150,000

5 beds4 baths4,117 sq ft

1409 Kinnesaw St, Wake Forest, NC 27587

3D WALKTHROUGH

$459,000

3 beds2.5 baths2,498 sq ft

1625 Silo Ridge Dr, Wake Forest, NC 27587

$279,900

2 beds2.5 baths1,472 sq ft

734 Parkside Townes Ct, Wake Forest, NC 27587

$180,000

2 beds1 bath720 sq ft

4436 Lassiter Rd, Wake Forest, NC 27587

$335,000

2 beds2.5 baths1,562 sq ft

604 Market Grove Dr #100, Wake Forest, NC 27587

EARLY ACCESSCOMPASS COMING SOON

$1,395,000

4 beds5 baths4,364 sq ft

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3D WALKTHROUGH

$1,260,000

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Home values near 5344 Mill Dam Rd

Data from public records.

Address	Redfin Estimate
5316 Mill Dam Rd, Wake Forest, NC 4 Beds \| 4 Baths \| 4614 Sq. Ft.	$1,434,438
5240 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 3328 Sq. Ft.	$894,308

Address	Redfin Estimate
5320 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3233 Sq. Ft.	$855,171
5308 Mill Dam Rd, Wake Forest, NC 4 Beds \| 4.5 Baths \| 4256 Sq. Ft.	$1,254,669

Address	Redfin Estimate
5328 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 3427 Sq. Ft.	$1,238,096
5300 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 4348 Sq. Ft.	$1,276,301

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

Sale history for 5344 Mill Dam Rd

Tax history for 5344 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 5344 Mill Dam Rd

More real estate resources