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Pending
$1,325,000 Est. $9,166/mo — Get pre-qualified
4beds 3.5baths 4,348sq ft 2.84acres

5300 Mill Dam Road · Wake Forest, NC 27587

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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.

Features & Amenities

Living Area4,348 Sq.Ft.
Bedrooms4
Baths3.5
HeatingCentral, Electric, Forced Air, Heat Pump
CoolingCeiling Fan(s), Central Air, Electric, Heat Pump
FlooringHardwood, Tile
FireplaceFamily Room,Propane
AppliancesBar Fridge, Dishwasher, Electric Oven, Electric Water Heater, Microwave, Propane Cooktop, Range Hood, Refrigerator, Wall Oven, Water Purifier Owned
Interior FeaturesBar, 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, Primary Downstairs, Radon Mitigation, Recessed Lighting, Separate Shower, Smooth Ceilings, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
LaundryIn Unit, Laundry Room, Main Level
Virtual TourOpen Virtual Tour
Exterior FeaturesFenced Yard, Private Yard, Rain Gutters
StyleTransitional
Year Built1997
ConstructionFiber Cement, Stone
RoofArchitectural Shingle
FoundationCrawlspace
ParkingConcrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level
StatusPending
Lot Size2.84 Acres
Lot FeaturesBack Yard, Front Yard, Hardwood Trees, Landscaped, Level, Many Trees, Pond on Lot, Views, Waterfront, Wooded, Water View
SubdivisionMillrace
CountyWake
Property TypeResidential
Property SubTypeSingle Family Residence
Last UpdatedSep 26, 2026
UtilitiesCable Connected, Electricity Connected, Natural Gas Available, Septic Connected, Water Connected
SewerSeptic Tank
Water SourceCommunity Water
HOAYes — $436 / year
Community FeaturesFishing, Lake
ElementaryWake - Richland Creek Elementary School Elementary School
MiddleWake - Wake Forest Middle School Middle School
HighWake - Wake Forest High School High School
Presented By: AMG Realty LLC; pete@amgrealtync.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Sep 26, 2026 Price Reduced $1,349,900 → $1,325,000 ▾ $24,900 (1.8%)

Monthly Cost Estimate

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