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Residential Land with Home for Sale in Wake Forest, North Carolina

5205 Mill Dam Rd, Wake Forest, NC 27587

$1,400,000
2 acres
Active
Est $7,561/mo

Stunning Lakefront Estate with 7-Car Garage, Workshop, and Distinctive Architecture Design - 7789 Sq Ft Welcome to your dream lakefront retreat! This exceptional 7,789FS custom home blends luxury living with practical design, offering everything you need for comfort, creativity, and entertaining. Step outside to your private oasis featuring a newly completed paver patio with stone wall accents and romantic string lighting. A welcoming gathering space centered around a fire pit, offering the perfect spot for entertaining and staying toasty through every season. Unwind in the gazebo with a hot tub, or relax in the sunroom with heated floors, skylights, and a full wall of windows showcasing a private courtyard. Car enthusiasts and hobbyists will love the 7-car garage and a spacious workshop with two dedicated 240V outlets-ideal for a planner, pottery kiln, or other equipment. An additional attached storage shed with a bay door offers even more space for tools and toys. Inside, the home boasts thoughtful design and upscale touches throughout. The butler pantry walk-in makes entertaining seamless, while the kitchenette near the living room adds extra convenience. Enjoy two striking fireplaces: a 72-inch linear fireplace set in a floor-to-ceiling stone wall in the living room and a 36x36 fireplace with a custom wall mantle that adds warmth and character. The first-floor master suite offers privacy and comfort, and master bathroom features double shower heads and a jacuzzi tub. Additional highlights include: Lake-fed irrigation for effortless landscaping Two fully encapsulated crawlspaces, both with dehumidifiers and sump pumps Newly insulated crawlspace doors, garage doors and two attics for energy saving Large flex space with a full bath set up above 4-car garage can be used as in-law suite Two walk-in attics provide substantial storage or potential for expansion Whether you're an entertainer, craftsman, car collector, or someone seeking peace by the water, this one-of-a-kind home offers the perfect blend of sophistication, space, and setting.

7,789
Sq feet
4
Beds
4
Full baths
2
1/2 baths
2000
Built

Location

Street address
5205 Mill Dam Rd
Community
Mill Race
Elevation
355 feet
Coordinates
35.9772, -78.4588

Property details

Acreage
2 acres
MLS #
DMLS 10128160
Posted

Property taxes

2024
$8,416 - Lo1 Millrace Sub Ph1 Bm1994-1462

Parcels

  • 1861.03-01-1026 0214378

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Corner Lot, Landscaped, Many Trees

Exterior

Features
Rain Gutters, Smart Irrigation

Structure

Stories
1
Sewer
Septic Tank
Heating
Electric, Forced Air, Natural Gas, Zoned
Cooling
Central Air
Materials
Brick, Fiber Cement, Stone
Roof
Shingle

Interior

Room Count
18
Rooms
Bathroom x 6, Bedroom x 4, Bonus Room, Dining Room, Family Room, Game Room, Laundry Room
Flooring
Carpet, Hardwood, Tile
Appliances
Dryer, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Wall Oven, Washer
Features
Bookcases, Built-In Features, Butler's Pantry, Ceiling Fan(s), Crown Molding, Granite Counters

Property utilities

CategoryTypeStatusDescription
GasNatural GasConnected

Nearby schools

NameLevelDistrictDescription
Wake - Richland CreekElementary
Wake - Wake ForestMiddle
Wake - Wake ForestHigh

Listing history

DateEventPriceChangeSource
Oct 17, 2025New listing$1,400,000DMLS
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This 2-acre property is located at 5205 Mill Dam Rd in Wake Forest, NC 27587. The property is available for sale for $1,400,000. It has a 7,789 sq ft 4 bedroom, 4 bath house built in 2000.

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