Sold
Last Sold Price
4 beds4,614 sqft
5316 Mill Dam Rd, Wake Forest, NC 27587
Single FamilyProperty Type
4.35 acresLot Size
1997Year Built
$287/sq ftPrice per sq ft
$416/yrHOA Fees
4 carsParking Spaces

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.
  • Listed by: Michael Ulrich 919.802.7282 mculrich81@gmail.com Brokerage DRE #C26666 • AMG Realty LLC
Listing closed: 02/26/2026 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10125433

Location

Listing Courtesy of AMG Realty LLC

Sold By Compass -- Raleigh

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$7,515 per month

30 year fixed, 6.71% Interest

Principal and Interest

$6,847

Property Taxes

$633

HOA Dues

$35

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Property Information for 5316 Mill Dam Road

Property Details
  • Taxes: $7,600 / year
  • MLS Type: Residential / Single Family Residence
  • County: Wake County
  • View: Lake, Trees/Woods, Water
  • Waterfront Features: Pond on Lot, Dock Floating, Dock Permit Installed, Waterfront, Water View, Lake
  • Waterfront: Yes
  • Showings Expected to Begin: 12-08-2025
  • Subdivision: Millrace
  • Waterfront Type: Lakefront, Waterfront, Lake
Building Information
  • Stories: 2
  • Year Built: 1997
  • Lot Size: 4.35 AC / 189,485 SF
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 Access: Private Ownership
Taxes and HOA Information
  • Association Fee: $416.00
  • Association Fee Frequency: Annually
  • Association Fee Includes: Maintenance Grounds
  • Association Name: Millrace HOA
  • Association Phone2: 9197238496
  • Association: Yes
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $7,599.86
  • Has City Limits: No
  • Lot Number: 42
  • 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: 2026-02-03
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: Additional Parking, Deck, Driveway, Garage Faces Side, Garage, Garage Door Opener, Heated Garage, Lighted, Oversized, Paved, Parking Pad, Private
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage: Yes
Property
Lot Information
  • Building Area Total: 4614.0
  • Lot Features: Back Yard, Front Yard, Interior Lot, Landscaped, Lake on Lot, Pond on Lot, Private, Secluded, Views, Waterfront, Hardwood Trees
  • Architectural Style: Transitional
  • Total Other Area Sq Ft: 0.0
  • Other Structures: Shed(s)
  • Parcel Number: 1861218543
  • Structure Type: House, Site Built
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: Yes
  • Has Primary Residence: Yes
  • Sold PriceList Price: 0.98
  • Water Frontage Length: 100
Property and Assessments
  • New Construction: No
  • Community Features: Lake, Street Lights
  • Senior Community: No
Utilities
  • Sewer: Septic Tank
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
  • Water Source: Community Water
Interior and Exterior Features
Exterior Features
  • Association Amenities: Maintenance Grounds, Other, Pond Year Round
  • Construction Materials: Fiber Cement, Masonite
  • Exterior Features: Fire Pit, Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Lock(s), Storage, Fenced Yard
  • Fencing: Back Yard, Fenced
  • Foundation Details: Crawlspace
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch, Wrap Around
  • Roof: Shingle
  • Security Features: Smoke Detector(s), Security System
  • New Construction Type: House, Site Built, Fiber Cement, Masonite
Interior Features
  • Levels: Two
  • Stories: 2
  • Main Level Bedrooms: 1
  • Master Bedroom 1st Floor: Yes
  • Basement Description: Crawl Space
  • Fireplace Features: Electric, Family Room
  • Has Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Carpet, Hardwood, Tile
  • Cooling: Central Air, Electric, Zoned
  • Has Cooling: Yes
  • Heating: Electric, Forced Air
  • Has Heating: Yes
  • Appliances: Disposal, Dishwasher, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Wall Oven
  • Laundry Features: Common Area, Inside, Laundry Room, Main Level, Sink
  • Interior Features: Built-in Features, Bookcases, 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, Primary Downstairs, Smart Home, Smart Thermostat, Soaking Tub, Storage, Walk-In Closet(s), Shower Only, Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Water Closet, Bathtub Only, Quartz Counters, Smooth Ceilings
  • Additional Equipment: Generator
Room Information
Room 1
  • Type: Primary Bedroom
  • Level: Main
  • Description: 1st Floor
  • Length: 17.5
  • Width: 15.0
Room 2
  • Type: Bedroom 2
  • Level: Second
  • Description: 2nd Floor
  • Length: 15.4
  • Width: 13.1
Room 3
  • Type: Bedroom 3
  • Level: Second
  • Description: 2nd Floor
  • Length: 13.0
  • Width: 12.2
Room 4
  • Type: Bonus Room
  • Level: Second
  • Description: 2nd Floor
  • Length: 23.9
  • Width: 20.5
Room 5
  • Type: Bedroom 4
  • Level: Second
  • Description: 2nd Floor
  • Length: 16.5
  • Width: 13.4
Room 6
  • Type: Dining Room
  • Level: Main
  • Description: 1st Floor
  • Length: 15.3
  • Width: 12.7
Room 7
  • Type: Office
  • Level: Main
  • Description: 1st Floor
  • Length: 12.9
  • Width: 10.9
Room 8
  • Type: Kitchen
  • Level: Main
  • Description: 1st Floor
  • Length: 13.2
  • Width: 11.4
Room 9
  • Type: Laundry
  • Level: Main
  • Description: 1st Floor
  • Length: 8.8
  • Width: 7.8
Room 10
  • Type: Family Room
  • Level: Main
  • Description: 1st Floor
  • Length: 18.0
  • Width: 14.8
Room 11
  • Type: Loft
  • Level: Second
  • Description: 2nd Floor
  • Length: 16.8
  • Width: 13.1
Room 12
  • Type: Other
  • Level: Main
  • Description: 2 Car Garage #1
  • Length: 23.4
  • Width: 21.9
Room 13
  • Type: Other
  • Level: Main
  • Description: 2 Car Garage #2
  • Length: 23.6
  • Width: 23.2
Room 14
  • Type: Other
  • Level: Second
  • Description: 2nd Floor
  • Length: 19.5
  • Width: 18.0

Property History for 5316 Mill Dam Road

DateEvent & SourcePriceAppreciation
Feb 26, 2026

Sold

Doorify MLS (fka Triangle MLS) #10125433

$1,325,000
Feb 24, 2026

Sold (Public Record)

Public Record #1930838453

$1,325,000

+9.0% / yr

Jan 14, 2026

Pending

Doorify MLS (fka Triangle MLS) #10125433

DateEvent & SourcePrice
02/26/2026

Sold

Doorify MLS (fka Triangle MLS) #10125433

$1,325,000
02/24/2026

Sold (Public Record)

Public Record #1930838453

$1,325,000

+9.0% / yr

01/14/2026

Pending

Doorify MLS (fka Triangle MLS) #10125433

For completeness, we 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.

Similar Homes

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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of AMG 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.