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$1,150,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 4,705 Sq. Ft.
  • 3.01 Acres
  • 2 Car Garage
  • Updated 1 day ago

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Open House: 1:00 PM - 3:00 PM

Saturday 8/22 1:00 PM - 3:00 PM

5340 Mill Dam Road,Wake Forest, NC 27587

5340 Mill Dam RoadWake ForestNC27587

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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!

Full Property Details for 5340 Mill Dam Rd

General

  • Price: $1,150,000
  • HOA FEE: $50/month
  • Taxes: $7,390
  • Status: Active
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10187579
  • Updated: 8/20/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 18
  • 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
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Gas Log, Great Room, Living Room
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator, Oven
  • Flooring: Carpet, Hardwood, Tile

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Laundry Room, Main Level

Exterior

  • Exterior Features: Fenced Yard, Private Yard
  • Porch/Patio/Deck: Covered, Deck, Front Porch, Rear Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Additional Parking, Attached, Garage Door Opener, Garage Faces Side

Location

  • County: Wake
  • Subdivision: Millrace
  • Driving 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.

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: Unknown

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Forced Air, Propane

Utilities

  • Sewer: Private Sewer
  • Water: Public

Structural Information

  • Architectural Style: Transitional
  • Structure Type: House, Site Built
  • Exterior Const.: Fiber Cement
  • Roof: Shingle
  • Windows: Blinds, Plantation Shutters
  • Stories/Levels: 2
  • Building Size: 4705
  • Square Feet: 4,705
  • Finished Above Grnd: 4,705.28 Sq. Ft.
  • Year Built: 2007

Additional Structures

  • Other Structures: Guest House

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 3.01
  • Lot Size (Sq. Ft.): 131,115.6
  • Fence: Yes
  • Lot Features: Back Yard, Gentle Sloping, Views, Waterfront
  • Fencing (Description): Back Yard

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: To Be Added
  • Water Front View: Lake Privileges

Financial Considerations

  • Association Fee: $50
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $7,390.94

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 186103215028000 0221613
  • Lot Number: 38

Listed by Mark Spain Real Estate, Janna Whitehorne (919) 369-9097

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Listing agent

— 5340 Mill Dam Rd —

  • Janna Whitehorne

    Mark Spain Real Estate

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 5340 Mill Dam Rd

School District:Wake County Schools
NameGradesDistance
Richland Creek Elementary School
840 Wallridge Drive, Wake Forest, NC 27587
PK-54.2 mi
Wake Forest Middle School
1800 South Main Street, Wake Forest, NC 27587
6-84.7 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 5340 Mill Dam Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/20/2026
Listed
$1,150,000
31.28%
MLS
11/15/2021
Sold
$876,000
—
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 5340 Mill Dam Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,391
3%
$1,152,429
—
2024
$7,177
42%
$1,152,429
79%
2023
$5,039
8%
$643,768
—
2022
$4,669
3%
$643,768
—
2021
$4,544
2%
$643,768
—
2020
$4,468
3%
$643,768
19%
2018
$4,325
-9%
$542,196
-6%
2019
$4,751
23%
$579,226
7%
2017
$3,875
2%
$542,196
—
2016
$3,796
-15%
$542,196
-15%
2015
$4,461
6%
$639,453
—
2014
$4,228
7%
$639,453
—
2013
$3,946
—
$639,453
—
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 Mark Spain Real Estate, Janna Whitehorne (919) 369-9097

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5340 Mill Dam Road, Wake Forest, NC 27587 (MLS# 10187579) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5340 Mill Dam Road is currently listed for $1,150,000 and was received on August 20, 2026. Want to learn more about 5340 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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