5316 Mill Dam Rd
$1,350,000
Price
4
Beds
5
Baths
4,614 Sq. Ft.
$293 / Sq. Ft.
4,614
Sq. Ft.
$293
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
Exclusive Wake Forest Lakefront Estate Discover refined lakefront living with this private 4.35-acre retreat in Wake Forest, offering 4,614 sq. ft. of beautifully designed space, along with a 4 car garage! This is a four bedroom home that lives like a five bedroom home! Blending timeless craftsmanship with thoughtful updates, this custom-built estate delivers both luxury and peace of mind. Major upgrades include a new roof in 2018 and a tankless water heater 2024 ensuring modern comfort and long-term...Exclusive Wake Forest Lakefront Estate Discover refined lakefront living with this private 4.35-acre retreat in Wake Forest, offering 4,614 sq. ft. of beautifully designed space, along with a 4 car garage! This is a four bedroom home that lives like a five bedroom home! Blending timeless craftsmanship with thoughtful updates, this custom-built estate delivers both luxury and peace of mind. Major upgrades include a new roof in 2018 and a tankless water heater 2024 ensuring modern comfort and long-term value. Crown molding, custom trim, and fresh paint throughout highlight the home's attention to detail. The heart of the home features an updated kitchen with quartz counters with waterfall island, quartz slab back splash, custom cabinetry, premium fixtures, and an effortless flow for entertaining. The hardwood floors continue to the first-floor primary suite is a true sanctuary, and a fully renovated spa-inspired bathroom with dual shower heads and even a cedar closet space! Adjoining the primary is an elegant private office. A formal dining completes this estate with enough seating for 8 guests comfortably. Soaring ceilings and walls of windows in the two-story great room flood the home with natural light and frame breathtaking views of the lake. Upstairs, 3 bedrooms, of which one has en suite bath, PLUS a spacious loft provide private havens for family or guests! A separate Bonus Wing with its own entry and staircase offers unmatched flexibility—ideal for multigenerational living, a guest retreat, or a home-based business. Here you will find another bedroom and loft area with a dinette kitchen! Outdoor living is elevated with a covered porch, hot tub, fire pit, and private dock, all set against the backdrop of serene lakefront scenery. The four-car garage includes one bay that is fully heated and cooled—perfect for a workshop, studio, or climate-sensitive storage.
12x18 shed on permanent foundation. All of this just minutes from Wake Forest's shopping, dining, and parks—an extraordinary estate where luxury and convenience meet.
12x18 shed on permanent foundation. All of this just minutes from Wake Forest's shopping, dining, and parks—an extraordinary estate where luxury and convenience meet.
- Listed by Michael Ulrich • AMG Realty LLC
Property Details for 5316 Mill Dam Road
View
Lake, Trees/Woods, Water
ViewYes
Waterfront FeaturesLake, Waterfront, Water View
WaterfrontYes
Showings Expected to Begin12-08-2025
SubdivisionMillrace
Waterfront TypeLake, Waterfront, Water View
HOA Fees$416.00
LISTING UPDATED: 12/12/2025 02:48 PM
Property Details for 5316 Mill Dam Road
| Status | Active |
|---|---|
| MLS # | 10125433 |
| Days on Market | 83 |
| Taxes | $7,600 / year |
| HOA Fees | $416 / year |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1997 |
| Lot Size | 4.35 AC / 189,486 SF |
| County | Wake County |
Location
Listing Courtesy of AMG Realty LLC
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Building Information for 5316 Mill Dam Road
Stories2Year Built1997Building Size-Lot Size4.35 AC / 189,486 SF
Payment Calculator
$7,339 per month
30 year fixed, 6.28% Interest
Principal and Interest
$6,671
Property Taxes
$633
HOA Dues
$35
The Payment Calculator is for illustrative purposes only.
Property Information for 5316 Mill Dam Road
Summary
Location and General Information
- Water Body Name: Austin Creek
- Directions: From Averette Road turn into Millrace subdivision, onto Mill Dam Road. Follow road until you find the address 5316 Mill Dam Road on your right.
- Subdivision Name: Millrace
- Latitude: 35.97845
- Longitude: -78.44943
- Road Frontage Type: City Street
- Waterfront Description: Lake, Waterfront, Water View
Taxes and HOA Information
- Association Fee Includes: Maintenance Grounds
- Association: Yes
- Total HOA Dues: $.00
- HOA 1 Fees Required: Yes
- Tax Annual Amount: $7,599.86
- City Limits YN: No
- Lot Number: 42
- 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: Additional Parking, Deck, Driveway, Garage, Garage Door Opener, Garage Faces Side, Heated Garage, Lighted, Oversized, Parking Pad, Paved, Private
- Attached Garage: Yes
- Garage Spaces: 4.0
- Garage: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://unbranded.youriguide.com/5316_mill_dam_rd_wake_forest_nc
Property
Lot Information
- Building Area Total: 4614.0
- Lot Features: Back Yard, Front Yard, Hardwood Trees, Interior Lot, Lake on Lot, Landscaped, Pond on Lot, Private, Secluded, Views, Waterfront
- Architectural Style: Transitional
- Total Other Area Sq Ft: 0
- Other Structures: Shed(s)
- Parcel Number: 1861218543
- Structure Type: House, Site Built
- Enhanced Accessible: No
- Primary Residence YN: Yes
- Water Frontage Length: 100
Property and Assessments
- New Construction: No
- Photos Count: 78
- Below Grade Finished Area: 0.0
- Below Grade Finished Area Units: Square Feet
- Community Features: Lake, Street Lights
- Senior Community: No
Utilities
- Sewer: Public Sewer
- Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
- Water Source: Public
- Water_Sewer: Public, Public Sewer, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
Interior and Exterior Features
Exterior Features
- Construction Materials: Fiber Cement, Masonite
- Exterior Features: Fenced Yard, Fire Pit, Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Lock(s), Storage
- Fencing: Back Yard, Fenced
- Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch, Wrap Around
- Pool Private: No
- Roof: Shingle
- Security Features: Security System, Smoke Detector(s)
- New Construction Type: Fiber Cement, Masonite, House, Site Built
Interior Features
- Levels: Two
- Stories: 2
- Master Bedroom 1st Floor: 1
- Basement Description: Crawl Space
- Fireplace Features: Electric, Family Room
- Fireplace Y N: Yes
- Fireplaces Total: 1
- Flooring: Carpet, Hardwood, Tile
- Cooling: Central Air, Electric, Zoned
- Cooling?: Yes
- Heating: Electric, Forced Air
- Heating?: Yes
- Appliances: Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Oven
- Laundry Features: Common Area, Inside, Laundry Room, Main Level, Sink
- Interior Features: Bathtub Only, Bathtub/Shower Combination, Bookcases, Built-in Features, Cedar Closet(s), Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Master Downstairs, Quartz Counters, Separate Shower, Shower Only, Smart Home, Smart Thermostat, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet
- Equipment Appliances: Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Oven
- Interior: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected, Additional Parking, Deck, Driveway, Garage, Garage Door Opener, Garage Faces Side, Heated Garage, Lighted, Oversized, Parking Pad, Paved, Private, Fiber Cement, Masonite, Common Area, Inside, Laundry Room, Main Level, Sink, Security System, Smoke Detector(s)
- Equipment: Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Oven, Common Area, Inside, Laundry Room, Main Level, Sink, Additional Parking, Deck, Driveway, Garage, Garage Door Opener, Garage Faces Side, Heated Garage, Lighted, Oversized, Parking Pad, Paved, Private
- Additional Equipment: Generator
Room Information
Room Information
- Rooms Total: 14.0
Room 1
- Room Description: 1st Floor
- Room Dimensions: 17.5 x 15
- Room Width: 15.0
- Room Length: 17.5
- Room Level: Main
- Room Type: Primary Bedroom
Room 2
- Room Description: 2nd Floor
- Room Dimensions: 15.4 x 13.1
- Room Width: 13.1
- Room Length: 15.4
- Room Level: Second
- Room Type: Bedroom 2
Room 3
- Room Description: 2nd Floor
- Room Dimensions: 13 x 12.2
- Room Width: 12.2
- Room Length: 13.0
- Room Level: Second
- Room Type: Bedroom 3
Room 4
- Room Description: 2nd Floor
- Room Dimensions: 23.9 x 20.5
- Room Width: 20.5
- Room Length: 23.9
- Room Level: Second
- Room Type: Bonus Room
Room 5
- Room Description: 2nd Floor
- Room Dimensions: 16.5 x 13.4
- Room Width: 13.4
- Room Length: 16.5
- Room Level: Second
- Room Type: Bedroom 4
Room 6
- Room Description: 1st Floor
- Room Dimensions: 15.3 x 12.7
- Room Width: 12.7
- Room Length: 15.3
- Room Level: Main
- Room Type: Dining Room
Room 7
- Room Description: 1st Floor
- Room Dimensions: 12.9 x 10.9
- Room Width: 10.9
- Room Length: 12.9
- Room Level: Main
- Room Type: Office
Room 8
- Room Description: 1st Floor
- Room Dimensions: 13.2 x 11.4
- Room Width: 11.4
- Room Length: 13.2
- Room Level: Main
- Room Type: Kitchen
Room 9
- Room Description: 1st Floor
- Room Dimensions: 8.8 x 7.8
- Room Width: 7.8
- Room Length: 8.8
- Room Level: Main
- Room Type: Laundry
Room 10
- Room Description: 1st Floor
- Room Dimensions: 18 x 14.8
- Room Width: 14.8
- Room Length: 18.0
- Room Level: Main
- Room Type: Family Room
Room 11
- Room Description: 2nd Floor
- Room Dimensions: 16.8 x 13.1
- Room Width: 13.1
- Room Length: 16.8
- Room Level: Second
- Room Type: Loft
Room 12
- Room Description: 2 Car Garage #1
- Room Dimensions: 23.4 x 21.9
- Room Width: 21.9
- Room Length: 23.4
- Room Level: Main
- Room Type: Other
Room 13
- Room Description: 2 Car Garage #2
- Room Dimensions: 23.6 x 23.2
- Room Width: 23.2
- Room Length: 23.6
- Room Level: Main
- Room Type: Other
Room 14
- Room Description: 2nd Floor
- Room Dimensions: 19.5 x 18
- Room Width: 18.0
- Room Length: 19.5
- Room Level: Second
- Room Type: Other
Agent
Sale and Listing
- Property Type: Residential
- Property Class Name: CrossProperty
Property History for 5316 Mill Dam Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 2, 2025 | Listed (Active) TRIANGLEMLS #10125433 | — | |
| Oct 2, 2025 | Listed (Active) TRIANGLEMLS #10125433 | $1,350,000 | — |
| Sep 8, 2021 | Sold TRIANGLEMLS #2385082 | $900,000 | — |
| Sep 8, 2021 | Pending TRIANGLEMLS #2385082 | — | |
| Sep 8, 2021 | Sold TRIANGLEMLS #2385082 | $900,000 | — |
| Sep 7, 2021 | Sold TRIANGLEMLS #2385082 | $900,000 | — |
| Sep 7, 2021 | Pending TRIANGLEMLS #2385082 | — | |
| Sep 7, 2021 | Sold (Public Record) Public Record #1474412450 | $900,000 | — |
| Jun 21, 2021 | Pending TRIANGLEMLS #2385082 | — | |
| Jun 20, 2021 | In Contract TRIANGLEMLS #2385082 | — | |
| May 20, 2021 | Listed (Active) TRIANGLEMLS #2385082 | $875,000 | — |
| May 20, 2021 | Listed (Active) TRIANGLEMLS #2385082 | $875,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/02/2025 | Listed (Active) TRIANGLEMLS #10125433 | — |
| 10/02/2025 | Listed (Active) TRIANGLEMLS #10125433 | $1,350,000 |
| 09/08/2021 | Sold TRIANGLEMLS #2385082 | $900,000 |
| 09/08/2021 | Pending TRIANGLEMLS #2385082 | — |
| 09/08/2021 | Sold TRIANGLEMLS #2385082 | $900,000 |
| 09/07/2021 | Sold TRIANGLEMLS #2385082 | $900,000 |
| 09/07/2021 | Pending TRIANGLEMLS #2385082 | — |
| 09/07/2021 | Sold (Public Record) Public Record #1474412450 | $900,000 |
| 06/21/2021 | Pending TRIANGLEMLS #2385082 | — |
| 06/20/2021 | In Contract TRIANGLEMLS #2385082 | — |
| 05/20/2021 | Listed (Active) TRIANGLEMLS #2385082 | $875,000 |
| 05/20/2021 | Listed (Active) TRIANGLEMLS #2385082 | $875,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5316 Mill Dam Road
Taxable ValueLand$294,000Additions$891,093Total$1,185,093
Tax Record2025$7,600 ($633 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt4,562 SqFtAbove Grade Finished SqFt4,562 SqFtStories2Lot Size189,486 SqFtStyleSingle Family ResidenceYear Built1997Year Renovated2007ZoningR-30CountyWAKEAPN1861.03-21-8543 0215727Fireplace TypeHas Fireplace
Schools near 5316 Mill Dam Road
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 |
|---|---|---|
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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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of AMG Realty LLC
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