Active
4 beds3,721 sqft
5340 Mill Dam Rd, Wake Forest, NC 27587
Est: $6,805/moGet pre-approved
Single FamilyProperty Type
3.01 acresLot Size
2007Year Built
$309/sq ftPrice per sq ft
$50/moHOA Fees
6 carsParking Spaces

Description

Surround yourself with nature, wide-open spaces, and peaceful water views in this exceptional Mill Race home! The main level features a spacious primary suite and dedicated home office, along with an inviting open-concept living area designed for both everyday living and entertaining. Upstairs offers three additional bedrooms and a versatile bonus room. The chef's kitchen is a true centerpiece, showcasing a large island, built-in refrigerator, and custom finishes throughout. Quality craftsmanship...Surround yourself with nature, wide-open spaces, and peaceful water views in this exceptional Mill Race home! The main level features a spacious primary suite and dedicated home office, along with an inviting open-concept living area designed for both everyday living and entertaining. Upstairs offers three additional bedrooms and a versatile bonus room. The chef's kitchen is a true centerpiece, showcasing a large island, built-in refrigerator, and custom finishes throughout. Quality craftsmanship is evident in every detail of this beautifully designed home. Unwind on the back deck overlooking the water or launch a kayak for a relaxing adventure across the lake. The detached two-car garage has been thoughtfully converted into a studio guest house but could easily be transformed back into garage space to suit your needs. Welcome home to Mill Race—where nature, comfort, and timeless craftsmanship come together! (Main dwelling - 3721.32 sq ft. /Guest house- 983.96) Both w/water view! 4705.28 total heated/cooled sq ft.
38 days on Market
  • Listed by: Janna Whitehorne 919.369.9097 jannawhitehorne@markspain.com Brokerage DRE #C28969 • Mark Spain Real Estate
Last updated: 09/13/2026 02:47 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10187579

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Location

Listing Courtesy of Mark Spain Real Estate
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$6,805 per month

30 year fixed, 7.03% Interest

Principal and Interest

$6,139

Property Taxes

$616

HOA Dues

$50

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Property Information for 5340 Mill Dam Road

Property Details
  • Taxes: $7,391 / year
  • MLS Type: Residential / Single Family Residence
  • County: Wake County
  • View: Lake
  • Waterfront Features: Deeded Water Access, Beach Grassy, Waterfront, Water View, Lake Privileges
  • Waterfront: Yes
  • Subdivision: Millrace
  • Waterfront Type: Waterfront, Lake Privileges
Building Information
  • Stories: 2
  • Year Built: 2007
  • Lot Size: 3.01 AC / 131,115 SF
Summary
Location and General Information
  • Water Body Name: To Be Added
  • Directions: From Raleigh - tale Hwy 410 N to Rolesville., L onto E. Young St, continue straight past Privitte Ins. onto W Young St - go 3.9 miles, R onto Mill Dam Rd.
  • Subdivision Name: Millrace
  • Latitude: 35.977174
  • Longitude: -78.450614
  • Waterfront Access: Private Ownership
Taxes and HOA Information
  • Association Fee: $50.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Unknown
  • Association: Yes
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $7,390.94
  • Has City Limits: No
  • Lot Number: 38
  • 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 - Richland Creek Elementary School
  • Middle Or Junior School: Wake - Wake Forest Middle School
  • High School: Wake - Wake Forest High School
Parking
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Additional Parking, Attached, Garage Faces Side, Garage Door Opener
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
Property
Lot Information
  • Building Area Total: 3721.32
  • Lot Features: Back Yard, Gentle Sloping, Views, Waterfront
  • Architectural Style: Transitional
  • Other Structures: Guest House
  • Parcel Number: 186103215028000 0221613
  • Structure Type: House, Site Built
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: Yes
  • Has Primary Residence: Yes
  • Water Frontage Length: 200
Property and Assessments
  • New Construction: No
  • Community Features: Lake
  • Senior Community: No
Utilities
  • Sewer: Private Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Fiber Cement
  • Exterior Features: Private Yard, Fenced Yard
  • Fencing: Back Yard
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Roof: Shingle
  • New Construction Type: House, Site Built, Fiber Cement
Interior Features
  • Levels: Two
  • Stories: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Master Bedroom 1st Floor: Yes
  • Fireplace Features: Gas Log, Great Room, Living Room
  • Has Fireplace: Yes
  • Fireplaces Total: 2
  • Flooring: Carpet, Hardwood, Tile
  • Windows Treatment: Blinds, Plantation Shutters
  • Cooling: Central Air, Electric
  • Has Cooling: Yes
  • Heating: Forced Air, None, Propane
  • Has Heating: No
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator, Wall Oven
  • Laundry Features: Laundry Room, Main Level
  • Interior Features: Ceiling Fan(s), Coffered Ceiling(s), Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower
  • Additional Equipment: Fuel Tank(s)
Room Information
Room 1
  • Type: Primary Bedroom
  • Level: First
  • Length: 13.8
  • Width: 17.8
Room 2
  • Type: Primary Bathroom
  • Level: First
  • Length: 10.5
  • Width: 12.9
Room 3
  • Type: Other
  • Level: First
  • Description: Primary Closet
  • Length: 13.5
  • Width: 9.4
Room 4
  • Type: Entrance Hall
  • Level: First
  • Length: 8.9
  • Width: 17.3
Room 5
  • Type: Den
  • Level: First
  • Length: 14.7
  • Width: 14.9
Room 6
  • Type: Dining Room
  • Level: First
  • Length: 12.4
  • Width: 12.0
Room 7
  • Type: Laundry
  • Level: First
  • Length: 6.8
  • Width: 9.11
Room 8
  • Type: Kitchen
  • Level: First
  • Length: 15.12
  • Width: 15.1
Room 9
  • Type: Living Room
  • Level: First
  • Length: 20.8
  • Width: 17.7
Room 10
  • Type: Dining Room
  • Level: First
  • Description: Formal Dining
  • Length: 13.0
  • Width: 13.1
Room 11
  • Type: Den
  • Level: First
  • Length: 13.2
  • Width: 12.2
Room 12
  • Type: Bathroom 2
  • Level: First
  • Description: Half Bath
  • Length: 4.09
  • Width: 5.0
Room 13
  • Type: Bedroom 2
  • Level: Second
  • Length: 14.8
  • Width: 13.2
Room 14
  • Type: Bedroom 3
  • Level: Second
  • Length: 15.8
  • Width: 10.9
Room 15
  • Type: Bedroom 4
  • Level: Second
  • Length: 12.5
  • Width: 13.4

Property History for 5340 Mill Dam Road

DateEvent & SourcePriceAppreciation
Aug 20, 2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10187579

$1,150,000—
Jan 9, 2024

Expired

Doorify MLS (fka Triangle MLS) #2536018

$1,150,000—
Jan 8, 2024

Expired

TRIANGLEMLS #2536018

—
DateEvent & SourcePrice
08/20/2026

Listed (Active)

Doorify MLS (fka Triangle MLS) #10187579

$1,150,000
01/09/2024

Expired

Doorify MLS (fka Triangle MLS) #2536018

$1,150,000
01/08/2024

Expired

TRIANGLEMLS #2536018

—

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

Public Records for 5340 Mill Dam Road

Taxable ValueLand$273,000Additions$879,429Total$1,152,429
Tax Record2025$7,391 ($616 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt3,753 SqFtAbove Grade Finished SqFt3,753 SqFtStories1Lot Size131,116 SqFtStyleSingle Family ResidenceYear Built2007Year Renovated2012ZoningR-30CountyWAKEAPN1861.03-21-5028-000

Schools near 5340 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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5340 Mill Dam Road is a single family home for sale in Wake Forest, NC 27587. This property was listed for sale on August 20, 2026 by Mark Spain Real Estate, it's currently listed at $1,150,000. It has been on the market for a total of 38 days and was last sold on November 15, 2021. 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. 5340 Mill Dam Road is a 4-bed, 4-bath, 3,721 sqft single family home built in 2007.

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 Mark Spain Real Estate

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.