CUSTOM BUILT RANCH HOME on over 3 acres w/180 degrees of a Breathtaking WATERFRONT LAKE VIEW! LOW HOA's, NO CITY TAXES! You DO NOT want to miss out on this Meticulously Maintained Home & Yard. 13 ft ceilings, Walk out Basement,Views from EVERY room in the House,Large Screened Porch,Back Deck that spans the length of the House,2 Gas Fireplaces,3 Car Garage,Private lot, Long Driveway that leads you to the HOUSE of YOUR DREAMS!Circular Driveway,Covered Parking to Front Solid Mahogany Double Front Doors.Open Foyer to Living Room & Separate Dining Room.Private Home Office,Large Primary Suite w/Large En Suite, Skylights,Walk in Shower,Gas Fireplace,Walk In Closet,Access to Laundry Rm and Amazing Views of Backyard and Lake.Kitchen & Breakfast Area are Open to Family Rm w/direct access to Screened in Porch & Deck. Secondary Bedrooms & Additional Full Bath w/Walk in Shower, Tub & Dual Sinks in Private wing on home. Daylight Walk out Basement is a wonderful space for you to use how best fits your needs & Additional Full Bath finishing the space! Such a relaxing tranquil setting w/ in minutes from shopping, restaurants & more
Sold for $1,150,000
$1,150,000
5248 Mill Dam Rd, Wake Forest, NC 27587
3beds
3,913sqft
Single Family Residence, Residential
Built in 1998
3.26 Acres Lot
$1,258,800 Zestimate®
$294/sqft
$3,770 Estimated rent
Home value
$1,258,800
$1.16M - $1.38M
$3,770/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: October 27, 2025 at 07:50pm
Listed by:
Allison Caudle 919-395-6186,
Southern Lux Living
Bought with:
Non Member
Non Member Office
Source: Doorify MLS,MLS#: 2512147
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Natural Gas, Zoned
Cooling
- Central Air, Zoned
Appliances
- Included: Cooktop, Dishwasher, Double Oven, Electric Cooktop, Gas Water Heater, Refrigerator, Tankless Water Heater, Oven
- Laundry: Main Level
Features
- Bookcases, Pantry, Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, Master Downstairs, Separate Shower, Smooth Ceilings, Tile Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
- Flooring: Carpet, Tile
- Windows: Blinds, Skylight(s)
- Basement: Daylight, Exterior Entry, Finished, Heated, Interior Entry
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas Log, Master Bedroom
Interior area
- Total structure area: 3,913
- Total interior livable area: 3,913 sqft
- Finished area above ground: 3,031
- Finished area below ground: 882
Property
Parking
- Total spaces: 3
- Parking features: Attached, Carport, Circular Driveway, Concrete, Covered, Driveway, Garage, Garage Door Opener, Garage Faces Front
- Attached garage spaces: 3
- Has carport: Yes
Accessibility
- Accessibility features: Accessible Doors, Accessible Washer/Dryer, Level Flooring
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Porch, Screened
- Exterior features: Rain Gutters
- Has view: Yes
- Waterfront features: Lake
- Body of water: Unnamed
Lot
- Size: 3.26 Acres
- Dimensions: 112 x 536 x 234 x 241 x 57 x 191 x 293
- Features: Garden, Hardwood Trees, Landscaped
Details
- Parcel number: 1861118758
- Zoning: R-30
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary, Ranch, Transitional
- Property subtype: Single Family Residence, Residential
Materials
- Stucco
Condition
- New construction: No
- Year built: 1998
Details
- Builder name: Clearwater Custom Homes
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: Insulation, Lighting, Thermostat
Community & neighborhood
Location
- Region: Wake Forest
- Subdivision: Millrace
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $344 annually
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2023 | Sold | $1,150,000-9.8%$294/sqft |
Source:  Doorify MLS #2512147 Report a problem | ||
| 6/24/2023 | Contingent | $1,275,000$326/sqft |
Source: Doorify MLS #2512147 Report a problem | ||
| 5/25/2023 | Listed for sale | $1,275,000$326/sqft |
Source: Doorify MLS #2512147 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,317 +3% | $1,140,896 |
| 2024 | $7,105 +30% | $1,140,896 +63.3% |
| 2023 | $5,466 +7.9% | $698,485 |
Find assessor info on the county website
Neighborhood: 27587
Nearby schools
GreatSchools rating
- 8/10Richland Creek Elementary SchoolGrades: PK-5Distance: 4 mi
- 4/10Wake Forest Middle SchoolGrades: 6-8Distance: 4.7 mi
- 7/10Wake Forest High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Wake - Richland Creek
- Middle: Wake - Wake Forest
- High: Wake - Wake Forest
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,258,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,258,800
- North Carolina
- Wake County
- Wake Forest
- 27587
- 5248 Mill Dam Rd