Exclusive Wake Forest Lakefront Estate Discover refined lakefront living with this private 4.35-acre retreat in Wake Forest, offering 4,614 sq. ft. of beautifully designed space, along with a 4 car garage! This is a four bedroom home that lives like a five bedroom home! Blending timeless craftsmanship with thoughtful updates, this custom-built estate delivers both luxury and peace of mind. Major upgrades include a new roof in 2018 and a tankless water heater 2024 ensuring modern comfort and long-term value. Crown molding, custom trim, and fresh paint throughout highlight the home's attention to detail. The heart of the home features an updated kitchen with quartz counters with waterfall island, quartz slab back splash, custom cabinetry, premium fixtures, and an effortless flow for entertaining. The hardwood floors continue to the first-floor primary suite is a true sanctuary, and a fully renovated spa-inspired bathroom with dual shower heads and even a cedar closet space! Adjoining the primary is an elegant private office. A formal dining completes this estate with enough seating for 8 guests comfortably. Soaring ceilings and walls of windows in the two-story great room flood the home with natural light and frame breathtaking views of the lake. Upstairs, 3 bedrooms, of which one has en suite bath, PLUS a spacious loft provide private havens for family or guests! A separate Bonus Wing with its own entry and staircase offers unmatched flexibility—ideal for multigenerational living, a guest retreat, or a home-based business. Here you will find another bedroom and loft area with a dinette kitchen!!! Outdoor living is elevated with a covered porch, hot tub, fire pit, and private dock, all set against the backdrop of serene lakefront scenery. The four-car garage includes one bay that is fully heated and cooled—perfect for a workshop, studio, or climate-sensitive storage. 12x18 shed on permanent foundation. All of this just minutes from Wake Forest's shopping, dining, and parks—an extraordinary estate where luxury and convenience meet.
Sold for $1,325,000
$1,325,000
5316 Mill Dam Rd, Wake Forest, NC 27587
4beds
4,614sqft
Single Family Residence, Residential
Built in 1997
4.35 Acres Lot
$1,324,800 Zestimate®
$287/sqft
$4,578 Estimated rent
Home value
$1,324,800
$1.26M - $1.39M
$4,578/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 26, 2026 at 06:36am
Listed by:
Michael Ulrich 919-802-7282,
AMG Realty LLC
Bought with:
Dana Ellington, 255265
Compass -- Raleigh
Source: Doorify MLS,MLS#: 10125433
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Electric, Forced Air
Cooling
- Central Air, Electric, Zoned
Appliances
- Included: Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Oven
- Laundry: Common Area, Inside, Laundry Room, Main Level, Sink
Features
- Bathtub Only, Bathtub/Shower Combination, Bookcases, Built-in Features, Cedar Closet(s), Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Master Downstairs, Quartz Counters, Separate Shower, Shower Only, Smart Home, Smart Thermostat, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet
- Flooring: Carpet, Hardwood, Tile
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Electric, Family Room
Interior area
- Total structure area: 4,614
- Total interior livable area: 4,614 sqft
- Finished area above ground: 4,614
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Additional Parking, Deck, Driveway, Garage, Garage Door Opener, Garage Faces Side, Heated Garage, Lighted, Oversized, Parking Pad, Paved, Private
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Rear Porch, Wrap Around
- Exterior features: Fenced Yard, Fire Pit, Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Lock(s), Storage
- Fencing: Back Yard, Fenced
- Has view: Yes
- View description: Lake, Trees/Woods, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Lake, Waterfront
- Body of water: Austin Creek
Lot
- Size: 4.35 Acres
- Features: Back Yard, Front Yard, Hardwood Trees, Interior Lot, Lake on Lot, Landscaped, Pond on Lot, Private, Secluded, Views
Details
- Additional structures: Shed(s)
- Parcel number: 1861218543
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional
- Property subtype: Single Family Residence, Residential
Materials
- Fiber Cement, Masonite
- Roof: Shingle
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
Community & neighborhood
Community
- Community features: Lake, Street Lights
Location
- Region: Wake Forest
- Subdivision: Millrace
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $416 annually
- Amenities included: Maintenance Grounds, Pond Year Round, Other
- Services included: Maintenance Grounds
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Sold | $1,325,000-1.9%$287/sqft |
Source:  Doorify MLS #10125433 Report a problem | ||
| 1/14/2026 | Pending sale | $1,350,000$293/sqft |
Source: Doorify MLS #10125433 Report a problem | ||
| 10/2/2025 | Listed for sale | $1,350,000+50%$293/sqft |
Source: Doorify MLS #10125433 Report a problem | ||
| 9/8/2021 | Sold | $900,000$195/sqft |
Source: Doorify MLS #2385082 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,600 +3% | $1,185,093 |
| 2024 | $7,379 +47.2% | $1,185,093 +85% |
| 2023 | $5,014 +7.9% | $640,442 |
Find assessor info on the county website
Neighborhood: 27587
Nearby schools
GreatSchools rating
- 8/10Richland Creek Elementary SchoolGrades: PK-5Distance: 4.2 mi
- 4/10Wake Forest Middle SchoolGrades: 6-8Distance: 4.8 mi
- 7/10Wake Forest High SchoolGrades: 9-12Distance: 3.7 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
$1,324,800
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
$1,324,800
- North Carolina
- Wake County
- Wake Forest
- 27587
- 5316 Mill Dam Rd