Active
4 beds3,748 sqft
516 Deacon Ridge St, Wake Forest, NC 27587
Est: $3,178/moGet pre-approved
Single FamilyProperty Type
0.28 acresLot Size
2003Year Built
$140/sq ftPrice per sq ft
$41 / quarterHOA Fees
4 carsParking Spaces

Description

Finished walk-out basement with home theater/flex space, full bath, workshop/storage with exterior entry, first-floor primary bedroom with custom closet, just 0.8 miles from the heart of downtown wake forest! Welcome to 516 Deacon Ridge Street in the established Deacons Ridge subdivision of Wake Forest, where flexible living space, thoughtful updates, and a wooded backyard setting come together just off NC-98. Recent improvements include a new roof in 2023, one furnace replaced in 2023, one of the...Finished walk-out basement with home theater/flex space, full bath, workshop/storage with exterior entry, first-floor primary bedroom with custom closet, just 0.8 miles from the heart of downtown wake forest! Welcome to 516 Deacon Ridge Street in the established Deacons Ridge subdivision of Wake Forest, where flexible living space, thoughtful updates, and a wooded backyard setting come together just off NC-98. Recent improvements include a new roof in 2023, one furnace replaced in 2023, one of the home's three A/C units replaced in 2023, a gas water heater replaced in 2025, a smart thermostat, fresh interior paint, freshly painted basement trim and ceilings, and new carpet in the primary bedroom, on the stairs, and throughout the second floor. A covered wraparound front porch opens to a main level with soaring ceilings and hardwood floors. The living room centers around a gas log fireplace and flows into a formal dining room with classic wainscoting. The kitchen features granite countertops, stainless steel appliances, a breakfast bar, pantry, and abundant cabinetry. Three large windows surround the adjoining breakfast nook, filling the space with natural light and overlooking the backyard. The first-floor primary bedroom features a custom walk-in closet and ensuite bathroom with dual vanities, soaking tub, and separate shower. The finished walk-out basement adds substantial usable space with new luxury vinyl plank flooring, a large recreation area, dedicated home theater/flex room, additional flex space, full bathroom, oversized walk-in closet, and generous unfinished workshop/storage space with a dedicated electrical circuit and exterior entry. The home theater projector, screen, and speakers convey with the home. Sliding glass doors provide direct access to the covered lower patio. Upstairs, a freshly painted bonus room with a built-in twin-size bed and closet provides additional flexible space for guests, work, hobbies, or everyday use. Two additional bedrooms, a full bathroom, and a conveniently located laundry room complete the second floor. Outdoor living extends from the private upper deck to the covered lower patio, both overlooking a gently sloping backyard framed by mature trees and a seasonal stream along the rear of the property. The yard offers usable space for gardening, outdoor dining or additional entertaining areas, allowing you to enjoy both the natural setting and functional outdoor space. The home also offers low HOA dues and a location approximately 0.8 miles from the heart of Downtown Wake Forest, providing convenient access to locally owned restaurants, coffee shops, boutiques, parks, and community events. With NC-98 nearby, the property is also well positioned for access to Raleigh and destinations throughout the Triangle. With a first-floor primary bedroom, finished walk-out basement with full bath, dedicated home theater, workshop/storage space, flexible bonus areas, multiple outdoor living spaces, recent major-system improvements, and close proximity to Downtown Wake Forest, 516 Deacon Ridge Street brings together space, versatility, updates, and location in one Wake Forest home.
29 days on Market
  • Listed by: Rob Zelem 919.906.3793 rob@zelemrealestate.com Brokerage DRE #C36495 • LPT Realty, LLC
  • Listed by: Donna Burnette 919.554.6252 donna@donnaburnetterealestate.com Brokerage DRE #C36495 • LPT Realty, LLC
Last updated: 09/16/2026 10:51 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10183647

Open Houses

Saturday, Sep 19th12:00 PM - 4:00 PM
Sunday, Sep 20th1:00 PM - 3:00 PM

Location

Listing Courtesy of LPT Realty, LLC
Add your commute

Payment Calculator

$3,178 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,713

Property Taxes

$452

HOA Dues

$14

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 516 Deacon Ridge Street

Property Details
  • Taxes: $5,420 / year
  • MLS Type: Residential / Single Family Residence
  • County: Wake County
  • View: Creek/Stream, Neighborhood, Trees/Woods
  • Zoning Description: GR3
  • Showings Expected to Begin: 08-14-2026
  • Subdivision: Deacons Ridge
Building Information
  • Stories: 3
  • Year Built: 2003
  • Lot Size: 0.28 AC / 12,197 SF
Summary
Location and General Information
  • Zoning: GR3
  • Directions: From 98, North on S Franklin St., Right on E Holding Ave., Left onto Deacon Ridge St., Home is on the left hand side.
  • Subdivision Name: Deacons Ridge
  • Latitude: 35.970685
  • Longitude: -78.506421
  • Road Surface Type: Asphalt
Taxes and HOA Information
  • Association Fee: $41.00
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: None
  • Association Name: Community Association Manager
  • Association Phone2: 919-471-5285
  • Association: Yes
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $5,419.89
  • City Limits Of: Wake Forest
  • Has City Limits: Yes
  • Lot Number: 12
  • Has Restrictive Covenants: Yes
Contract Information
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: No
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Wake Forest Elementary
  • Middle Or Junior School: Wake - Wake Forest Middle School
  • High School: Wake - Wake Forest High School
Parking
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Attached, Driveway, Garage Faces Front, Garage
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
Property
Lot Information
  • Building Area Total: 3748.0
  • Lot Features: Back Yard, Front Yard, Gentle Sloping, Landscaped, Sloped Down, Sloped, See Remarks
  • Architectural Style: Traditional, Transitional
  • Total Other Area Sq Ft: 462.0
  • Parcel Number: 184007680558000 0281229
  • Structure Type: House
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: Yes
  • Has Primary Residence: Yes
Property and Assessments
  • New Construction: No
  • Below Grade Finished Area: 1222.0
  • Common Walls: No Common Walls
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Rain Gutters
  • Foundation Details: Concrete Perimeter, Slab, Crawlspace
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch
  • Roof: Shingle
  • New Construction Type: House, Brick, Vinyl Siding
Interior Features
  • Levels: Three Or More, Two
  • Stories: 3
  • Main Level Bedrooms: 1
  • Master Bedroom 1st Floor: Yes
  • Basement Description: Apartment, Bath/Stubbed, Exterior Entry, Finished, Full, Interior Entry, Storage Space, Walk-Out Access, Heated, Workshop
  • Flooring: Carpet, Ceramic Tile, Hardwood, Luxury Vinyl
  • Cooling: Central Air, Ceiling Fan(s)
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes
  • Appliances: Dishwasher, Free-Standing Electric Range, Stainless Steel Appliance(s), Water Heater
  • Laundry Features: Inside, Laundry Room, Upper Level
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Crown Molding, Entrance Foyer, Eat-in Kitchen, Granite Counters, High Ceilings, Pantry, Primary Downstairs, Recessed Lighting, Soaking Tub, See Remarks, Walk-In Closet(s), Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Smooth Ceilings
Room Information
Room 1
  • Type: Primary Bedroom
  • Level: Main

Property History for 516 Deacon Ridge Street

DateEvent & SourcePriceAppreciation
Sep 16, 2026

Price Change

Doorify MLS (fka Triangle MLS) #10183647

$525,000
Sep 16, 2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10183647

$535,000
Sep 11, 2026

Temporarily Off Market

Doorify MLS (fka Triangle MLS) #10183647

$535,000
DateEvent & SourcePrice
09/16/2026

Price Change

Doorify MLS (fka Triangle MLS) #10183647

$525,000
09/16/2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10183647

$535,000
09/11/2026

Temporarily Off Market

Doorify MLS (fka Triangle MLS) #10183647

$535,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 516 Deacon Ridge Street

Taxable ValueLand$80,000Additions$471,551Total$551,551
Tax Record2025$5,310 ($442 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt3,571 SqFtAbove Grade Finished SqFt3,571 SqFtStories1Lot Size12,197 SqFtStyleSingle Family ResidenceYear Built2003Year Renovated2003ZoningGR3CountyWAKEAPN1840.07-68-0558-000

Schools near 516 Deacon Ridge Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Wake Forest Elementary
PublicPK to 5

Wake Forest Middle School
Public6 to 8

Wake Forest High School
Public9 to 12

North Wake College And Career Academy
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

516 Deacon Ridge Street is a single family home for sale in Wake Forest, NC 27587. This property was listed for sale on August 14, 2026 by LPT Realty, LLC, it's currently listed at $525,000. It has been on the market for a total of 29 days and was last sold on July 23, 2008. This listing's school district is Wake County School District. Nearby schools include Wake Forest Elementary, Wake Forest Middle School and Wake Forest High School. 516 Deacon Ridge Street is a 4-bed, 4-bath, 3,748 sqft single family home built in 2003.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT Realty, LLC

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.