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$1,349,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 4,348 Sq. Ft.
  • 2.84 Acres
  • 2 Car Garage
  • Updated 10 hours ago
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Discover the perfect blend of privacy, versatility, and natural beauty in this exceptional waterfront home nestled on 2.84 acres in the sought-after Millrace community. Bordering Austin Creek and overlooking peaceful community ponds, this property offers a tranquil setting while remaining just minutes from the best of Wake Forest. Designed with flexibility in mind, the home features 4 bedrooms, a dedicated home office, and an oversized game room with a wet bar. The thoughtfully designed floor plan includes a main-level primary suite along with two additional first-floor bedrooms, making everyday living convenient for a variety of lifestyles. Upstairs, you'll find another private bedroom, office, and an expansive bonus/game room perfect for entertaining, a home theater, fitness space, or teen retreat. Outside, enjoy the serenity of your private waterfront setting with plenty of room for outdoor recreation, gardening, or simply relaxing while taking in the peaceful views. A spacious 2-car garage provides ample storage and convenience. Despite its secluded feel, this home is just a short drive to Downtown Wake Forest, where you'll enjoy locally owned restaurants, boutiques, coffee shops, and year-round community events. Outdoor enthusiasts will appreciate the nearby Falls Lake Recreation Area, E. Carroll Joyner Park, and Wake Forest's extensive greenway system, while shopping, grocery stores, and everyday conveniences along the Capital Boulevard corridor are all within easy reach. This is a rare opportunity to own a spacious waterfront property that combines the tranquility of country living with the convenience of one of Wake Forest's most desirable locations. Upgrades include HVAC (2022), Radon Mitigation System, Partial Crawlspace Encapsulation, RO Water Filter, Whole House Steam Humidifier.

Full Property Details for 5300 Mill Dam Rd

General

  • Price: $1,349,900
  • HOA FEE: $36/month
  • HOA FEE FREQ.: Annually
  • Taxes: $6,205
  • Status: Active
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10179572
  • Updated: 7/11/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Bar, Bathtub/Shower Combination, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Crown Molding, Dining L, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Master Downstairs, Radon Mitigation, Recessed Lighting, Separate Shower, Smooth Ceilings, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room, Propane
  • Appliances: Bar Fridge, Dishwasher, Electric Oven, Electric Water Heater, Microwave, Propane Cooktop, Range Hood, Refrigerator, Oven, Water Purifier Owned
  • Flooring: Hardwood, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Unit, Laundry Room, Main Level

Additional Information

  • Shared Amenities: Cabana, Maintenance Grounds, Pond Year Round

Exterior

  • Exterior Features: Fenced Yard, Private Yard, Rain Gutters
  • Porch/Patio/Deck: Covered, Front Porch, Patio, Screened

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level

Location

  • County: Wake
  • Subdivision: Millrace
  • Driving Directions: Headed east on Highway 98 take a left on Averette Road then take a right on Mill Dam Road the house will be on your right

School Information

  • Elementary School: Wake - Richland Creek Elementary School
  • Middle School: Wake - Wake Forest Middle School
  • High School: Wake - Wake Forest High School

Community

  • Association: Yes
  • Assoc. Fees Include: Maintenance Grounds

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air, Electric, Heat Pump
  • Heating Type: Central, Electric, Forced Air, Heat Pump

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Natural Gas Available, Septic Connected, Water Connected

Structural Information

  • Architectural Style: Transitional
  • Structure Type: Site Built
  • Exterior Const.: Fiber Cement, Stone
  • Roof: Shingle
  • Windows: Plantation Shutters
  • Stories/Levels: 1
  • Building Size: 4348
  • Square Feet: 4,348
  • Finished Above Grnd: 4,348 Sq. Ft.
  • Year Built: 1997

Lot Features

  • Property View: Pond, Trees/Woods
  • Lot Size (Acres): 2.84
  • Lot Size (Sq. Ft.): 123,710.4
  • Fence: Yes
  • Lot Features: Back Yard, Front Yard, Hardwood Trees, Landscaped, Level, Many Trees, Pond on Lot, Views, Waterfront, Wooded
  • Zoning: R-30
  • Fencing (Description): Back Yard, Fenced

Water Features

  • Water Front: Yes
  • Water Front Name: Austin Creek
  • Water Front View: Pond, Waterfront

Financial Considerations

  • Association Fee: $436
  • Assoc Fee Freq.: Annually
  • Tax Amount: $6,205.25

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 186103227038000 0215729
  • Lot Number: 44

Listed by AMG Realty LLC, Michael Ulrich (919) 802-7282

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Listing agent

— 5300 Mill Dam Rd —

  • Michael Ulrich

    AMG Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5300 Mill Dam Rd

School District:Wake County Schools
NameGradesDistance
Richland Creek Elementary School
840 Wallridge Drive, Wake Forest, NC 27587
PK-54.1 mi
Wake Forest Middle School
1800 South Main Street, Wake Forest, NC 27587
6-84.8 mi
Wake Forest High School
420 West Stadium Avenue, Wake Forest, NC 27587
9-123.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5300 Mill Dam Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2026
Listed
$1,349,900
45.15%
MLS
11/19/2021
Sold
$930,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5300 Mill Dam Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,205
3%
$967,049
—
2024
$6,025
31%
$967,049
64%
2023
$4,610
8%
$588,682
—
2022
$4,271
3%
$588,682
—
2021
$4,157
2%
$588,682
—
2020
$4,088
-6%
$588,682
12%
2019
$4,327
9%
$527,342
—
2018
$3,977
6%
$527,342
—
2017
$3,769
2%
$527,342
—
2016
$3,693
-5%
$527,342
-5%
2015
$3,889
6%
$557,073
—
2014
$3,686
7%
$557,073
—
2013
$3,440
—
$557,073
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by AMG Realty LLC, Michael Ulrich (919) 802-7282

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5300 Mill Dam Road, Wake Forest, NC 27587 (MLS# 10179572) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5300 Mill Dam Road is currently listed for $1,349,900 and was received on July 10, 2026. Want to learn more about 5300 Mill Dam Road? Do you have questions about finding other Single Family real estate for sale in Wake Forest? You can browse all Wake Forest real estate or contact a Coldwell Banker agent to request more information.

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