5228 Mill Dam Road

Closed 5/29/26

Perfect Blend of Privacy and Convenience

Sold

Last Sold Price

$1,000,000

3 beds4 baths3,045 sqft

5228 Mill Dam Rd, Wake Forest, NC 27587

Single FamilyProperty Type

3.07 acresLot Size

2001Year Built

$328/sq ftPrice per sq ft

$416/yrHOA Fees

2 carsParking Spaces

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.

Listed by: Kimberly Conroy 919.539.2860 ConroyK@hpw.com Brokerage DRE #C1232 • Coldwell Banker HPW

Listing closed: 05/29/2026 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10158980

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Location

Listing Courtesy of Coldwell Banker HPW

Sold By Berkshire Hathaway HomeService

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$5,636 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,168

Property Taxes

$434

HOA Dues

$35

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Property Information for 5228 Mill Dam Road

Property Details

Taxes: $5,203 / year
MLS Type: Residential / Single Family Residence
County: Wake County
View: Lake
Waterfront Features: Water View
Waterfront: No
Subdivision: Millrace
Waterfront Type: Lakefront

Building Information

Year Built: 2001
Lot Size: 3.07 AC / 133,729 SF

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: $416.00
Association Fee Frequency: Annually

Association Fee Includes: Storm Water Maintenance
Association Name: Millrace HOA
Association Phone2: 919-723-8496
Association: Yes
HOA 1 Fees Required: Yes
Tax Annual Amount: $5,202.70
Has City Limits: No
Lot Number: 51
Has Restrictive Covenants: Yes

Contract Information

Original MLS: Triangle MLS Inc
Has Property Leased: No

Years Owned: 1 or More Year(s)
Due Diligence Expiration Date: 2026-05-03

School Information

Elementary School: Wake - Richland Creek Elementary School
Middle Or Junior School: Wake - Wake Forest Middle School

High School: Wake - Wake Forest High School

Parking

Parking Features: Deck, Garage Faces Side, Garage, Garage Door Opener
Attached Garage: Yes

Garage Spaces: 2.0
Garage: Yes

Virtual Tour

Virtual Tour URL Unbranded: https://order.harmonps.com/5228-Mill-Dam-Rd/idx

Property

Lot Information

Building Area Total: 3045.0
Lot Features: Landscaped, Lake on Lot, Many Trees, Private, Waterfront, Wooded

Architectural Style: Farmhouse
Total Other Area Sq Ft: 1733.0
Other Structures: Garage(s)
Parcel Number: 1861113765
Structure Type: House, Site Built
Enhanced Accessible: No
Has Main Level Bedrooms: Yes
Has Power Production: No
Has Primary Residence: No
Sold PriceList Price: 1.0

Property and Assessments

New Construction: No
Community Features: Fishing, Lake

Senior Community: No

Utilities

Sewer: Septic Tank
Utilities: Electricity Connected, Natural Gas Connected, Propane, Sewer Connected

Water Source: Community Water

Interior and Exterior Features

Exterior Features

Construction Materials: Fiber Cement
Exterior Features: Fire Pit, Private Yard, Rain Gutters, Fenced Yard

Fencing: Back Yard
Foundation Details: Crawlspace
Patio And Porch Features: Front Porch, Patio
Roof: Shingle
New Construction Type: House, Site Built, Fiber Cement

Interior Features

Levels: One and One Half
Main Level Bedrooms: 2

Master Bedroom 1st Floor: Yes
Fireplace Features: Family Room, Living Room
Has Fireplace: Yes
Fireplaces Total: 2
Flooring: Carpet, Ceramic Tile, Hardwood
Windows Treatment: Insulated Windows
Cooling: Central Air
Has Cooling: Yes
Heating: Fireplace(s), Forced Air, Natural Gas, Propane, Gas Pack
Has Heating: Yes
Appliances: Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
Laundry Features: Laundry Room, Main Level, Sink
Interior Features: Bookcases, Ceiling Fan(s), Coffered Ceiling(s), Central Vacuum, Double Vanity, High Ceilings, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Storage, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Water Closet, Smooth Ceilings

Room Information

Room 1

Type: Primary Bedroom
Level: Main

Length: 17.0
Width: 16.5

Room 2

Type: Bedroom 2
Level: Main

Length: 13.0
Width: 11.3

Room 3

Type: Bedroom 3
Level: Main

Length: 12.3
Width: 11.8

Room 4

Type: Family Room
Level: Main

Length: 20.7
Width: 17.0

Room 5

Type: Living Room
Level: Main

Length: 19.0
Width: 18.0

Room 6

Type: Dining Room
Level: Main

Length: 13.7
Width: 11.4

Room 7

Type: Breakfast Room
Level: Main

Length: 13.5
Width: 11.5

Room 8

Type: Kitchen
Level: Main

Length: 12.8
Width: 11.0

Room 9

Type: Laundry
Level: Main

Length: 8.0
Width: 5.8

Property History for 5228 Mill Dam Road

Date	Event & Source	Price	Appreciation
May 29, 2026	Sold Doorify MLS (fka Triangle MLS) #10158980	$1,000,000	—
May 28, 2026	Sold (Public Record) Public Record #1940917269	$1,000,000	—
May 28, 2026	Sold (Public Record) Public Record #1941138001	$1,000,000	+6.9% / yr
Apr 12, 2026	Pending Doorify MLS (fka Triangle MLS) #10158980		—
Apr 10, 2026	Listed (Active) Doorify MLS (fka Triangle MLS) #10158980	$999,950	—
Apr 19, 2013	Sold Doorify MLS (fka Triangle MLS) #1875350	$415,000	—
Apr 1, 2013	Sold (Public Record) Public Record #351226387	$415,000	-7.8% / yr
Mar 10, 2013	Pending Doorify MLS (fka Triangle MLS) #1875350		—
Feb 23, 2013	Listed (Active) Doorify MLS (fka Triangle MLS) #1875350	$410,850	—
Nov 30, 2007	Sold Doorify MLS (fka Triangle MLS) #958500	$639,000	—
Nov 29, 2007	Sold (Public Record) Public Record #229282536	$639,000	+16.7% / yr
Nov 2, 2007	Pending Doorify MLS (fka Triangle MLS) #958500		—
Sep 23, 2007	Listed (Active) Doorify MLS (fka Triangle MLS) #958500	$675,000	—
Aug 10, 2005	Expired Doorify MLS (fka Triangle MLS) #785118	$494,000	—
Aug 9, 2005	Expired AMLS #785118	$494,000	—
Jul 5, 2005	Sold Doorify MLS (fka Triangle MLS) #787735	$439,900	—
Jul 1, 2005	Sold (Public Record) Public Record #160073103	$440,000	—
Jun 17, 2005	Pending Doorify MLS (fka Triangle MLS) #787735		—
Feb 26, 2005	Listed (Active) Doorify MLS (fka Triangle MLS) #787735	$449,900	—
Feb 10, 2005	Listed (Active) Doorify MLS (fka Triangle MLS) #785118	$494,000	—
Feb 9, 2005	Listed (Active) AMLS #785118	$494,000	—

Date	Event & Source	Price
05/29/2026	Sold Doorify MLS (fka Triangle MLS) #10158980	$1,000,000
05/28/2026	Sold (Public Record) Public Record #1940917269	$1,000,000
05/28/2026	Sold (Public Record) Public Record #1941138001	$1,000,000 +6.9% / yr
04/12/2026	Pending Doorify MLS (fka Triangle MLS) #10158980	—
04/10/2026	Listed (Active) Doorify MLS (fka Triangle MLS) #10158980	$999,950
04/19/2013	Sold Doorify MLS (fka Triangle MLS) #1875350	$415,000
04/01/2013	Sold (Public Record) Public Record #351226387	$415,000 -7.8% / yr
03/10/2013	Pending Doorify MLS (fka Triangle MLS) #1875350	—
02/23/2013	Listed (Active) Doorify MLS (fka Triangle MLS) #1875350	$410,850
11/30/2007	Sold Doorify MLS (fka Triangle MLS) #958500	$639,000
11/29/2007	Sold (Public Record) Public Record #229282536	$639,000 +16.7% / yr
11/02/2007	Pending Doorify MLS (fka Triangle MLS) #958500	—
09/23/2007	Listed (Active) Doorify MLS (fka Triangle MLS) #958500	$675,000
08/10/2005	Expired Doorify MLS (fka Triangle MLS) #785118	$494,000
08/09/2005	Expired AMLS #785118	$494,000
07/05/2005	Sold Doorify MLS (fka Triangle MLS) #787735	$439,900
07/01/2005	Sold (Public Record) Public Record #160073103	$440,000
06/17/2005	Pending Doorify MLS (fka Triangle MLS) #787735	—
02/26/2005	Listed (Active) Doorify MLS (fka Triangle MLS) #787735	$449,900
02/10/2005	Listed (Active) Doorify MLS (fka Triangle MLS) #785118	$494,000
02/09/2005	Listed (Active) AMLS #785118	$494,000

For completeness, we 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-30CountyWAKEAPN1861.03-11-3765-000

Schools near 5228 Mill Dam Road

This home is within Wake County School District.


Rating	School	Type	Grades	Distance
8/10	Richland Creek Elementary School	Public - Serves this home	PK to 5	3.9 mi
4/10	Wake Forest Middle School	Public - Serves this home	6 to 8	4.5 mi
7/10	Wake Forest High School	Public - Serves this home	9 to 12	3.4 mi
8/10	North Wake College And Career Academy	Public - Nearby school	9 to 13	4.9 mi
1/10	River Oaks Middle	Public - Choice school	6 to 8	13.8 mi
10/10	Wake Early College of Health and Science	Public - Nearby school	9 to 13	15.3 mi


Rating	School	Distance
8/10	Richland Creek Elementary School PublicPK to 5 Serves this home	3.9 mi
4/10	Wake Forest Middle School Public6 to 8 Serves this home	4.5 mi
7/10	Wake Forest High School Public9 to 12 Serves this home	3.4 mi
8/10	North Wake College And Career Academy Public9 to 13 Nearby school	4.9 mi
1/10	River Oaks Middle Public6 to 8 Choice school	13.8 mi
10/10	Wake Early College of Health and Science Public9 to 13 Nearby school	15.3 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 5228 Mill Dam Road, Wake Forest, NC 27587	$1,000,000	3	4	3,045	133,729
5232 Mill Dam Road, Wake Forest, NC 27587	–	–	5	2,808	64,904
5229 Mill Dam Road, Wake Forest, NC 27587	$414,000	4	4	3,844	86,248
5248 Mill Dam Road, Wake Forest, NC 27587	$1,150,000	3	4	3,913	142,005
5240 Mill Dam Road, Wake Forest, NC 27587	–	–	5	3,328	89,298
5237 Mill Dam Road, Wake Forest, NC 27587	$490,000	4	4	3,907	57,934
5252 Mill Dam Road, Wake Forest, NC 27587	–	–	5	5,167	82,328
5241 Mill Dam Road, Wake Forest, NC 27587	$750,000	4	4	3,024	62,726
5356 Mill Dam Road, Wake Forest, NC 27587	–	–	5	3,388	145,926
5352 Mill Dam Road, Wake Forest, NC 27587	$570,000	4	4	3,591	138,956
5245 Mill Dam Road, Wake Forest, NC 27587	–	–	3	2,826	69,696
5256 Mill Dam Road, Wake Forest, NC 27587	$477,500	4	4	3,384	93,654

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Listing Courtesy of Coldwell Banker HPW

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.

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