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5228 Mill Dam Road, Wake Forest, NC
Set along the shores of a picturesque lake and surrounded by tranquil woods and preserved common area, this exceptional home offers a rare blend of privacy, comfort, and natural beauty. From the moment you arrive, the setting feels like a retreat where peaceful water views and abundant wildlife, including ducks, geese, and turtles, become part of everyday life. Inside, the main level welcomes you with rich hardwood floors that flow seamlessly throughout. The central living room, framed by custom built-in bookcases and a cozy fireplace, captures stunning lake views, while the family room boasts a dramatic cathedral ceiling, gas fireplace, and a panoramic view of the lake. An updated kitchen serves as the heart of the home, showcasing quartzite counters, walk-in pantry, and easy access to the surrounding living areas. A 1st floor office with a closet adds flexibility for remote work or additional guest space. The primary bedroom and a secondary bedroom are located on the first floor. The primary suite is a true sanctuary, featuring serene lake views, two walk-in closets, and an updated bath complete with an remodeled walk-in shower, garden tub and dual vanities with granite counters. The secondary bedroom also offers a walk-in closet and its own remodeled bath with a walk-in shower. Upstairs, you'll find a private ensuite retreat with a large walk-in closet, along with a charming flex room featuring a window seat. This versatile 224 sq ft space is not included in the total square footage as a portion of the room has 7-ft ceilings. The expansive 1,733 sq ft walk-in attic on the second floor offers incredible potential for future expansion or customization. Outdoor living stretches over the 3.07 acre property. An updated deck with composite flooring, leads down to a flagstone patio with a fire pit and is perfectly positioned to take in the lake views and experience sunlight dancing across the water. The adjoining wooded common area with natural walking paths enhances the sense of connection to nature. Just a short walk away, the charming community dock invites you to enjoy fishing and lakeside relaxation. This home has been meticulously maintained and updated, including a new roof (2019), first-floor HVAC (2021), second-floor HVAC (2014), fenced backyard, sealed crawlspace, recently painted exterior, natural gas installation, and $30,000 in landscaping and hardscaping improvements. Relish the beauty and tranquility of lakeside living in a private setting while being just minutes from shopping, dining, and healthcare.
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Property Type
Single Family
Style
Farmhouse
Year Built
2001
Lot Size
3.07 acres
Price / Sqft
$328
Full Baths
3
Half Baths
1
Subdivision
Millrace
HOA Fee
$416/mo
MLS #
38c234713f8f0a001a7bd56d6ddeff68
Listing Type
Residential
Market
TRIANGLE
Elementary
Wake - Richland Creek
Middle
Wake - Wake Forest
High School
Wake - Wake Forest
5228 Mill Dam Road, Wake Forest, NC 27587 — Wake County
Kimberly Conroy
Coldwell Banker HPW

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How this home compares across city, state, and national benchmarks
Listed at $999,950, this 3-bed house in Wake Forest is 130% above the Census median home value of $435,000 for Wake Forest. Compared to 112 other 3-bed homes in Wake Forest (averaging $485,501), this property is 106% above average. North Carolina's median home value is $213,547, putting this listing 368% above the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 285 homes for sale
Standout Features
Above Average
Wake Forest has a population of 51,199 with a median household income of $120,777 and a homeownership rate of 74.7%. The median home value is $435,000 and the median rent is $1,458/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data