5228 Mill Dam Rd

Wake Forest, NC 27587

$999,950
Price
3
Beds
3,045 Sq. Ft.
$328 / Sq. Ft.
3,045
Sq. Ft.
$328
per Sq. Ft.
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Personal Paradise
Lakeside Living!
Timeless Exterior Design
Fiber Cement Exterior
Expansive Covered Front Porch
Open Dining Room
Coffered Ceiling
Central Living Room
Overlooks the Lake
Fireplace Framed by Double Bookcases
Hardwood Floors
Family Room off Kithen
Amazing Lakeside View
Gas Fireplace
Kitchen Open to Family Room
Large Central Island
Quartzite Counters
Walk in Pantry
Breakfast Room
1st Floor Primary Suite
2 Walk in Closets
Lake Views
Primary Bath
Updated Walk in Shower
Bedroom #2-Main Floor
Bedroom #2 Ensuite Bath
Main Level Office or Flex Room
Bedroom #3- Second Floor Suite
Full Bath for Bedroom #3
Bonus Room
1400 Sq Ft Attic
1st Floor Laundry Room
View of Back of House
Large Deck with Composite Flooring
Triple Access Points
View from Deck
Fenced Backyard
Flagstone Patio overlooking Lake
043-5228 Mill Dam Rd [2483253]_18
035-5228 Mill Dam Rd [2483253]_26
037-5228 Mill Dam Rd [2483253]_25
Payset Conveys
030-5228 Mill Dam Rd [2483253]_31
031-5228 Mill Dam Rd [2483253]_32
Community Dock
Fishing Allowed
033-5228 Mill Dam Rd [2483253]_29
038-5228 Mill Dam Rd [2483253]_24
Millrace Lake
Wooded Common Area adjoins Property
Perfect Blend of Privacy and Convenience
Aerial Overview

Description

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...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.
  1. Listed by Kimberly Conroy • Coldwell Banker HPW

Property Details for 5228 Mill Dam Road

View
Lake
View
Yes
Waterfront
No
Subdivision
Millrace
HOA Fees
$416.00
LISTING UPDATED: 04/11/2026 09:12 PM

Property Details for 5228 Mill Dam Road

StatusActive
MLS #10158980
Days on Market1
Taxes$5,203 / year
HOA Fees$416 / year
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2001
Lot Size3.07 AC / 133,729 SF
CountyWake County
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Location

Listing Courtesy of Coldwell Banker HPW
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Building Information for 5228 Mill Dam Road

Stories-Year Built2001Building Size-Lot Size3.07 AC / 133,729 SF

Payment Calculator

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$5,504 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,035

Property Taxes

$434

HOA Dues

$35

The Payment Calculator is for illustrative purposes only.

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Property Information for 5228 Mill Dam Road

Summary
Location and General Information
  • Directions: US 1 North, right on 98 By Pass. Travel east. Turn left on Averette Road. Right on Mill Dam. Home is on the right, overlooking the lake
  • Subdivision Name: Millrace
  • Latitude: 35.97887
  • Longitude: -78.454764
Taxes and HOA Information
  • Association Fee Includes: Storm Water Maintenance
  • Association: Yes
  • Total HOA Dues: $34.60
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $5,202.70
  • City Limits YN: No
  • Lot Number: 51
  • Restrictive Covenants YN: Yes
Contract Information
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Richland Creek
  • Middle Or Junior School: Wake - Wake Forest
  • High School: Wake - Wake Forest
Parking
  • Parking Features: Deck, Garage, Garage Door Opener, Garage Faces Side
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
Virtual Tour
Property
Lot Information
  • Building Area Total: 3045.0
  • Lot Features: Lake on Lot, Landscaped, Many Trees, Private, Waterfront, Wooded
  • Architectural Style: Farmhouse
  • Other Area Above Grade: 1733
  • Total Other Area Sq Ft: 1733
  • Other Structures: Garage(s)
  • Parcel Number: 1861113765
  • Structure Type: House, Site Built
  • Above Grade Unfinished Area Source: Appraiser
  • Enhanced Accessible: No
  • Power Production YN: No
  • Primary Residence YN: No
Property and Assessments
  • New Construction: No
  • Photos Count: 52
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Community Features: Fishing, Lake
  • Senior Community: No
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Propane
  • Water Source: Public
  • Water_Sewer: Public, Septic Tank, Electricity Connected, Natural Gas Connected, Sewer Connected, Propane
Interior and Exterior Features
Exterior Features
  • Construction Materials: Fiber Cement
  • Exterior Features: Fenced Yard, Fire Pit, Private Yard, Rain Gutters
  • Fencing: Back Yard
  • Patio And Porch Features: Front Porch, Patio
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Fiber Cement, House, Site Built
Interior Features
  • Levels: One and One Half
  • Master Bedroom 1st Floor: 2
  • Fireplace Features: Family Room, Living Room
  • Fireplace Y N: Yes
  • Fireplaces Total: 2
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Windows Treatment: Insulated Windows
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Fireplace(s), Forced Air, Gas Pack, Natural Gas, Propane
  • Heating?: Yes
  • Appliances: Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
  • Laundry Features: Laundry Room, Main Level, Sink
  • Interior Features: Bathtub/Shower Combination, Bookcases, Ceiling Fan(s), Central Vacuum, Coffered Ceiling(s), Double Vanity, Dual Closets, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Master Downstairs, Recessed Lighting, Separate Shower, Smooth Ceilings, Storage, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet
  • Equipment Appliances: Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
  • Interior: Electricity Connected, Natural Gas Connected, Sewer Connected, Propane, Deck, Garage, Garage Door Opener, Garage Faces Side, Fiber Cement, Laundry Room, Main Level, Sink
  • Equipment: Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer, Laundry Room, Main Level, Sink, Deck, Garage, Garage Door Opener, Garage Faces Side
Room Information
Room Information
  • Rooms Total: 9.0
Room 1
  • Room Dimensions: 17 x 16.5
  • Room Width: 16.5
  • Room Length: 17.0
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 2
  • Room Dimensions: 13 x 11.3
  • Room Width: 11.3
  • Room Length: 13.0
  • Room Level: Main
  • Room Type: Bedroom 2
Room 3
  • Room Dimensions: 12.3 x 11.8
  • Room Width: 11.8
  • Room Length: 12.3
  • Room Level: Main
  • Room Type: Bedroom 3
Room 4
  • Room Dimensions: 20.7 x 17
  • Room Width: 17.0
  • Room Length: 20.7
  • Room Level: Main
  • Room Type: Family Room
Room 5
  • Room Dimensions: 19 x 18
  • Room Width: 18.0
  • Room Length: 19.0
  • Room Level: Main
  • Room Type: Living Room
Room 6
  • Room Dimensions: 13.7 x 11.4
  • Room Width: 11.4
  • Room Length: 13.7
  • Room Level: Main
  • Room Type: Dining Room
Room 7
  • Room Dimensions: 13.5 x 11.5
  • Room Width: 11.5
  • Room Length: 13.5
  • Room Level: Main
  • Room Type: Breakfast Room
Room 8
  • Room Dimensions: 12.8 x 11
  • Room Width: 11.0
  • Room Length: 12.8
  • Room Level: Main
  • Room Type: Kitchen
Room 9
  • Room Dimensions: 8 x 5.8
  • Room Width: 5.8
  • Room Length: 8.0
  • Room Level: Main
  • Room Type: Laundry
Agent
Sale and Listing
  • Property Type: Residential
  • Property Class Name: CrossProperty

Property History for 5228 Mill Dam Road

DateEvent & SourcePriceAppreciation
Apr 10, 2026

Listed (Active)

TRIANGLEMLS #10158980

$999,950—
Apr 19, 2013

Sold

TRIANGLEMLS #1875350

$415,000—
Apr 19, 2013

Sold

TRIANGLEMLS #1875350

$415,000—
Apr 1, 2013

Sold (Public Record)

Public Record #351226387

$415,000

-7.8% / yr

Mar 10, 2013

Pending

TRIANGLEMLS #1875350

—
Feb 22, 2013

Listed (Active)

TRIANGLEMLS #1875350

$410,850—
Feb 22, 2013

Listed (Active)

TRIANGLEMLS #1875350

$410,850—
Nov 30, 2007

Sold

TRIANGLEMLS #958500

$639,000—
Nov 30, 2007

Sold

TRIANGLEMLS #958500

$639,000—
Nov 29, 2007

Sold (Public Record)

Public Record #229282536

$639,000

+16.7% / yr

Nov 2, 2007

Pending

TRIANGLEMLS #958500

—
Sep 23, 2007

Listed (Active)

TRIANGLEMLS #958500

$675,000—
Sep 23, 2007

Listed (Active)

TRIANGLEMLS #958500

$675,000—
Aug 9, 2005

Expired

TRIANGLEMLS #785118

—
Aug 9, 2005

Expired

AMLS #785118

$494,000—
Jul 5, 2005

Sold

TRIANGLEMLS #787735

$439,900—
Jul 5, 2005

Sold

TRIANGLEMLS #787735

$439,900—
Jul 1, 2005

Sold (Public Record)

Public Record #160073103

$440,000—
Jun 17, 2005

Pending

TRIANGLEMLS #787735

—
Feb 25, 2005

Listed (Active)

TRIANGLEMLS #787735

$449,900—
Feb 25, 2005

Withdrawn

TRIANGLEMLS #785118

—
Feb 25, 2005

Listed (Active)

TRIANGLEMLS #787735

$449,900—
Feb 9, 2005

Listed (Active)

TRIANGLEMLS #785118

$494,000—
Feb 9, 2005

Listed (Active)

AMLS #785118

$494,000—
Feb 9, 2005

Listed (Active)

TRIANGLEMLS #785118

$494,000—
DateEvent & SourcePrice
04/10/2026

Listed (Active)

TRIANGLEMLS #10158980

$999,950
04/19/2013

Sold

TRIANGLEMLS #1875350

$415,000
04/19/2013

Sold

TRIANGLEMLS #1875350

$415,000
04/01/2013

Sold (Public Record)

Public Record #351226387

$415,000

-7.8% / yr

03/10/2013

Pending

TRIANGLEMLS #1875350

—
02/22/2013

Listed (Active)

TRIANGLEMLS #1875350

$410,850
02/22/2013

Listed (Active)

TRIANGLEMLS #1875350

$410,850
11/30/2007

Sold

TRIANGLEMLS #958500

$639,000
11/30/2007

Sold

TRIANGLEMLS #958500

$639,000
11/29/2007

Sold (Public Record)

Public Record #229282536

$639,000

+16.7% / yr

11/02/2007

Pending

TRIANGLEMLS #958500

—
09/23/2007

Listed (Active)

TRIANGLEMLS #958500

$675,000
09/23/2007

Listed (Active)

TRIANGLEMLS #958500

$675,000
08/09/2005

Expired

TRIANGLEMLS #785118

—
08/09/2005

Expired

AMLS #785118

$494,000
07/05/2005

Sold

TRIANGLEMLS #787735

$439,900
07/05/2005

Sold

TRIANGLEMLS #787735

$439,900
07/01/2005

Sold (Public Record)

Public Record #160073103

$440,000
06/17/2005

Pending

TRIANGLEMLS #787735

—
02/25/2005

Listed (Active)

TRIANGLEMLS #787735

$449,900
02/25/2005

Withdrawn

TRIANGLEMLS #785118

—
02/25/2005

Listed (Active)

TRIANGLEMLS #787735

$449,900
02/09/2005

Listed (Active)

TRIANGLEMLS #785118

$494,000
02/09/2005

Listed (Active)

AMLS #785118

$494,000
02/09/2005

Listed (Active)

TRIANGLEMLS #785118

$494,000

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

Public Records for 5228 Mill Dam Road

Taxable ValueLand$273,000Additions$537,304Total$810,304
Tax Record2025$5,203 ($434 / month)
Home Facts
Beds0Baths2Total Finished SqFt2,780 SqFtAbove Grade Finished SqFt2,780 SqFtStories1Lot Size133,729 SqFtStyleSingle Family ResidenceYear Built2001Year Renovated2011ZoningR-30CountyWAKEAPN1861.03-11-3765 0214398Fireplace TypeHas Fireplace

Schools near 5228 Mill Dam Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Richland Creek Elementary School
Public - PK to 5
Wake Forest Middle School
Public - 6 to 8
Wake Forest High School
Public - 9 to 12
North Wake College And Career Academy
Public - 9 to 13
Rating
School
Distance
Richland Creek Elementary School
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.

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More information about 5228 Mill Dam Road, Wake Forest, NC 27587

5228 Mill Dam Road is a single family home for sale in Wake Forest, NC 27587. This property was listed for sale on April 10, 2026 by Coldwell Banker HPW, it's currently listed at $999,950. It has been on the market for a total of 1 days and was last sold on April 19, 2013. This listing's school district is Wake County School District. Nearby schools include Richland Creek Elementary School, Wake Forest Middle School and Wake Forest High School. 5228 Mill Dam Road is a 3-bed, 4-bath, 3,045 sqft single family home built in 2001.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker HPW

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