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$1,325,000
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Property 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 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.
Full Property Details
Full Property Details for 5316 Mill Dam Rd
General
- Sold For: $1,325,000
- HOA FEE: $35/month
- HOA FEE FREQ.: Annually
- Taxes: $7,599
- Status: Closed
- Type: Single Family
- Source: 2218
- MLS ID: 10125433
- Added to Site: 153 day(s) ago
Interior
- Number of Rooms: 14
- 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
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Electric, Family Room
- Appliances: Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Oven
- Flooring: Carpet, Hardwood, Tile
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 3
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area, Inside, Laundry Room, Main Level, Sink
Additional Information
- Shared Amenities: Maintenance Grounds, Pond Year Round, Other
Exterior
- Exterior Features: Fenced Yard, Fire Pit, Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Lock(s), Storage
- Porch/Patio/Deck: Covered, Deck, Front Porch, Rear Porch, Wrap Around
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 4
- Parking Features: Additional Parking, Deck, Driveway, Garage, Garage Door Opener, Garage Faces Side, Heated Garage, Lighted, Oversized, Parking Pad, Paved, Private
Location
- County: Wake
- Subdivision: Millrace
- Driving 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.
School Information
- Elementary School: Wake - Richland Creek
- Middle School: Wake - Wake Forest
- High School: Wake - Wake Forest
Community
- Association: Yes
- Assoc. Fees Include: Maintenance Grounds
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Zoned
- Heating Type: Electric, Forced Air
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
Structural Information
- Architectural Style: Transitional
- Structure Type: House, Site Built
- Exterior Const.: Fiber Cement, Masonite
- Basement: Yes
- Basement Desc.: Crawl Space
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 4614
- Square Feet: 4,614
- Finished Above Grnd: 4,614 Sq. Ft.
- Year Built: 1997
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Lake, Trees/Woods, Water
- Lot Size (Acres): 4.35
- Lot Size (Sq. Ft.): 189,486
- Frontage: City Street
- Fence: Yes
- Lot Features: Back Yard, Front Yard, Hardwood Trees, Interior Lot, Lake on Lot, Landscaped, Pond on Lot, Private, Secluded, Views, Waterfront
- Fencing (Description): Back Yard, Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Austin Creek
- Water Front View: Lake, Waterfront
Financial Considerations
- Association Fee: $416
- Assoc Fee Freq.: Annually
- Tax Amount: $7,599.86
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 1861218543
- Lot Number: 42
Listed by AMG Realty LLC, Michael Ulrich (919) 802-7282
Sold by Compass -- Raleigh, Dana Ellington
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Schools
Schools serving 5316 Mill Dam Rd
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Richland Creek Elementary School 840 Wallridge Drive, Wake Forest, NC 27587 | PK-5 | 4.2 mi |
Wake Forest Middle School 1800 South Main Street, Wake Forest, NC 27587 | 6-8 | 4.8 mi |
Wake Forest High School 420 West Stadium Avenue, Wake Forest, NC 27587 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5316 Mill Dam Rd
Date
Details
Price
Change
Source
2/26/2026
Sold
$1,325,000
-1.85%
MLS
10/02/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5316 Mill Dam Road, Wake Forest, NC 27587 (MLS# 10125433) is a Single Family property that was sold at $1,325,000 on February 26, 2026. Want to learn more about 5316 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.

