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About this home
PRICE REDUCED! This beautiful home just became one of the best values on the market. Don't miss your chance to make it yours! Sitting on nearly two private, wooded acres—one of the largest homesites in the neighborhood—this exceptional Wake Forest home offers a rare combination of privacy, timeless character, and modern comfort, all just minutes from Falls Lake, historic downtown Wake Forest, shopping, dining, and everyday conveniences. Extensively updated throughout, the home pairs timeless finishes with quality craftsmanship, creating spaces that feel both refined and welcoming. Rich hardwood floors, updated lighting, fresh finishes, and beautifully remodeled bathrooms reflect the care and attention invested in every renovation, resulting in a home that is truly move-in ready. At the heart of the home, the renovated kitchen was designed for gathering. Custom cabinetry, quartz countertops, a designer backsplash, double ovens, updated appliances, abundant storage, and a bright breakfast area overlooking the backyard make it equally suited for everyday living and effortless entertaining. The spacious family room, anchored by a classic brick fireplace, flows seamlessly into the dining room and outdoor living spaces, creating an inviting setting for holidays, celebrations, or quiet evenings at home. The primary suite offers a peaceful retreat with a spa-inspired bathroom featuring a tiled walk-in shower, designer vanity, updated fixtures, and timeless finishes. Additional bedrooms provide generous space for family and guests. A fully permitted third-floor suite adds exceptional flexibility rarely found at this price point. Complete with a spacious bedroom, a separate flex room ideal for a home office, media room, playroom, guest suite, or creative studio, and a half bath already plumbed for a future shower, this space easily adapts as your needs evolve. A new dormer fills the room with natural light, while dedicated mini-split systems in each room provide efficient, year-round comfort. The unfinished walk-out basement offers abundant storage today and outstanding potential for future expansion, whether you envision a recreation room, workshop, fitness studio, or additional living space. Step outside to discover what truly sets this property apart. The screened porch and expansive deck overlook a fully fenced backyard framed by mature hardwoods and established landscaping, creating a peaceful retreat rarely found this close to town. Seasonal blooms, generous outdoor living spaces, and room for gardening, outdoor hobbies, entertaining, or simply unwinding make the backyard as inviting as the home itself. Outdoor enthusiasts will appreciate easy access to Falls Lake State Recreation Area for boating, fishing, hiking, mountain biking, beaches, and camping, while Holding Park & Pool, Forest Ridge Park, the Kerr Family YMCA, Target, Home Depot, Starbucks, restaurants, and historic downtown Wake Forest are all just minutes away. Offering the privacy of a wooded retreat with the convenience of one of Wake Forest's most desirable locations, this beautifully maintained home is truly a rare find. Homes that combine nearly two private acres, extensive renovations, a fully permitted third-floor suite, and such close proximity to Falls Lake and historic downtown Wake Forest rarely come to market.
Single-familyProperty Type
1986Year Built
1.95 acresLot Size
$269Price/Sq.Ft.
Listed by Dina Sosa• Berkshire Hathaway HomeService
ONE-OF-A-KIND HOME and PROPERTY!!! 3 br, 2.5 ba home on * * * 1.95 acres * * * ; PLUS 2 rooms unpermitted on 3rd floor and unfinished daylight basement; Freshly painted inside and out; NEW carpet; NEW lighting; 2 Fireplaces each with a woodburning stove; Site built hardwoods downstairs; Granite countertops; Oversized primary bedroom with en suite bath, dual vanity and walk-in-closet; ;Large deck with screened porch overlooking the serene backyard; This is the largest lot in the Horseshoe Bend subdivision; This tranquil neighborhood has ZERO restrictions, bring your business, your animals, etc; Room to add a garage, pool, expand the house itself; Minutes to shopping, groceries, hotels - 15 min to Raleigh, 30 min to RTP/airport; In the heart of everything without all of the noise AND without city taxes! This home has been well loved by the same owners for 30+ years, it's ready for its new owners to live their lives there! Privacy Galore! A MUST SEE!!! * * This home has a 4 bedroom septic already in place * *
TMLS #10061216
Nov 15, 2024
Relisted
—
Nov 4, 2024
Pending
—
Nov 4, 2024
Listing Removed
—
Nov 1, 2024
Listed
$539,900
$224/sq ft
Public Records
Oct 29, 1990
Sold
$136,500
$57/sq ft
Public Records
May 12, 1989
Sold
$138,000
$57/sq ft
Public Records
Mar 13, 1986
Sold
$125,000
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,867 (+3.0%)
$115,500 + $337,252
$452,752
2024
$2,784 (+32.8%)
$115,500 + $329,599
$445,099
2023
$2,097 (+7.9%)
$115,500 + $329,599
$445,099
2022
$1,944 (+2.7%)
$77,000 + $189,402
$266,402
2021
$1,892 (+1.7%)
$77,000 + $189,402
$266,402
2020
$1,861 (−12.4%)
$77,000 + $189,402
$266,402
2019
$2,123 (+8.7%)
$77,000 + $189,402
$266,402
2018
$1,952 (+5.5%)
$96,800 + $160,721
$257,521
2017
$1,851 (+2.1%)
$96,800 + $160,721
$257,521
2016
$1,813 (−1.1%)
$96,800 + $160,721
$257,521
2015
$1,833 (+5.5%)
$96,800 + $160,721
$257,521
2014
$1,737 (+7.0%)
$100,000 + $161,077
$261,077
2013
$1,623
$100,000 + $161,077
$261,077
2012
$1,623
$100,000 + $161,077
$261,077
2011
$1,623
$100,000 + $161,077
$261,077
Public record
Public record
Zoning
Permits
Beds
—
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.95 Acres
Year renovated
1996
Finished Sq. Ft.
1,886
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,886
Year built
1986
Style
Single Family Residential
County
Wake County
APN
1831.03 20 6817 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 11, 2026.
R-40W
Residential-40 Watershed District
The R-40W zoning districts are known as residential watershed districts. These districts allow very-low-density residential development in the form of single-family detached dwellings and duplexes. A limited number of nonresidential uses are also allowed, but generally 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:
Housing-Single unit
Housing-Multiple units
Housing-Mobile home park
Park & open space
Aug 22, 2025 • Final
Residential alteration
Add a dormer and a new bathroom to the existing finished third floor of a single-family home and remodel the kitchen. The project includes building, electrical, mechanical, and plumbing work.
Addition
Bathroom
Kitchen
Remodel
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 106° expected this year, 17 days in 30 years
6/10 Wind Factor
50% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Wake Forest, NC • 27587
Average low and high temperatures (°F)
48
29
54
35
70
46
78
54
79
59
89
69
91
74
84
68
80
65
72
52
65
45
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7217 Rabbit Run
$631,769
$17K under list price of $649K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $400K to $617K.