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Land with Home for Sale in Wake Forest, North Carolina

5228 Mill Dam Rd, Wake Forest, NC 27587

$999,950
3 acres
Active sale
ago
Est $5,233/mo

Set along the shores of a picturesque lake and surrounded by tranquil woods and preserved common area, this exceptional home offers a rare blend of privacy, comfort, and natural beauty. From the moment you arrive, the setting feels like a retreat where peaceful water views and abundant wildlife, including ducks, geese, and turtles, become part of everyday life. Inside, the main level welcomes you with rich hardwood floors that flow seamlessly throughout. The central living room, framed by custom built-in bookcases and a cozy fireplace, captures stunning lake views, while the family room boasts a dramatic cathedral ceiling, gas fireplace, and a panoramic view of the lake. An updated kitchen serves as the heart of the home, showcasing quartzite counters, walk-in pantry, and easy access to the surrounding living areas. A 1st floor office with a closet adds flexibility for remote work or additional guest space. The primary bedroom and a secondary bedroom are located on the first floor. The primary suite is a true sanctuary, featuring serene lake views, two walk-in closets, and an updated bath complete with an remodeled walk-in shower, garden tub and dual vanities with granite counters. The secondary bedroom also offers a walk-in closet and its own remodeled bath with a walk-in shower. Upstairs, you'll find a private ensuite retreat with a large walk-in closet, along with a charming flex room featuring a window seat. This versatile 224 sq ft space is not included in the total square footage as a portion of the room has 7-ft ceilings. The expansive 1,733 sq ft walk-in attic on the second floor offers incredible potential for future expansion or customization. Outdoor living stretches over the 3.07 acre property. An updated deck with composite flooring, leads down to a flagstone patio with a fire pit and is perfectly positioned to take in the lake views and experience sunlight dancing across the water. The adjoining wooded common area with natural walking paths enhances the sense of connection to nature. Just a short walk away, the charming community dock invites you to enjoy fishing and lakeside relaxation. This home has been meticulously maintained and updated, including a new roof (2019), first-floor HVAC (2021), second-floor HVAC (2014), fenced backyard, sealed crawlspace, recently painted exterior, natural gas installation, and $30,000 in landscaping and hardscaping improvements. Relish the beauty and tranquility of lakeside living in a private setting while being just minutes from shopping, dining, and healthcare.

3,045
Sq feet
3
Beds
3
Full baths
1
1/2 bath
2001
Built

Location

Street address
5228 Mill Dam Rd
Community
Millrace
Elevation
358 feet
Coordinates
35.9789, -78.4548

Property details

Acreage
3.07 acres
MLS #
DMLS 10158980
Posted

Property taxes

2025
$5,203

Expenses

Homeowner Association Fee
$416 annually

Parcels

  • 1861113765

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Conditions
Probate Listing
Franchise
Coldwell Banker Real Estate

Lot

Vegetation
Partially Wooded
View
Lake
Features
Lake On Lot, Landscaped, Many Trees, Private, Waterfront, Wooded

Exterior

Parking
Garage, Open
Fencing
Fenced
Pool
Patio, Porch
Structures
Storage
Features
Fenced Yard, Fire Pit, Private Yard, Rain Gutters

Structure

Stories
2
Sewer
Septic Tank
Heating
Fireplace(s), Forced Air, Natural Gas, Propane
Cooling
Central Air
Materials
Fiber Cement
Roof
Shingle
Windows
Insulated Windows

Interior

Room Count
9
Rooms
Bathroom x 4, Bedroom x 3, Dining Room, Family Room, Laundry Room x 2
Flooring
Carpet, Ceramic Tile, Hardwood
Fireplaces
Yes
Appliances
Bar Fridge, Dishwasher, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
Features
Bathtub/Shower Combination, Bookcases, Ceiling Fan(s), Central Vacuum, Coffered Ceiling(s), Double Vanity, Dual Closets, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Separate Shower, Smooth Ceilings, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet

Property utilities

CategoryTypeStatus
GasNatural GasConnected
GasPropaneConnected

Nearby schools

NameType
Wake - Richland CreekElementary
Wake - Wake ForestMiddle
Wake - Wake ForestHigh

Listing history

DateEventPriceChangeSource
Apr 10, 2026New listing$999,950DMLS
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This 3.07-acre property is located at 5228 Mill Dam Rd in Wake Forest, NC 27587. The property is available for sale for $999,950. It has a 3,045 sq ft 3 bedroom, 3 bath house built in 2001.

Checked 1 hour ago — Updated

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Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Kimberly Conroy
Coldwell Banker Howard Perry and Walston N Raleigh
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