Millrace Real Estate

Welcome to Millrace, a picturesque subdivision nestled in the heart of Wake Forest, North Carolina. This charming community combines the tranquility of suburban living with the vibrancy of a close-knit neighborhood, making it an ideal place for families, professionals, and retirees alike.

Millrace boasts a stunning array of homes, each designed with modern aesthetics and functionality in mind. From cozy single-family residences to spacious two-story homes, there’s a perfect fit for every lifestyle. The meticulously landscaped yards and tree-lined streets create an inviting atmosphere that encourages evening strolls and friendly gatherings.

One of the highlights of Millrace is its commitment to community living. Residents enjoy access to a variety of amenities, including a sparkling community pool, playgrounds, and walking trails that wind through the lush surroundings. The subdivision is also home to several community events throughout the year, fostering connections among neighbors and creating lasting friendships.

Location is key, and Millrace offers the best of both worlds. Just a short drive away, you’ll find the charming downtown area of Wake Forest, where quaint shops, delightful restaurants, and vibrant parks await. For those commuting to Raleigh or nearby cities, easy access to major highways makes travel a breeze.

In Millrace, you’re not just buying a home; you’re investing in a lifestyle. Experience the warmth of community, the beauty of nature, and the convenience of modern living in this exceptional Wake Forest subdivision. Come discover your new home at Millrace today!

Newest Listings in Millrace

$1,150,000

4 Beds ⋅ 4 Baths ⋅ 10187579 MLS ⋅ ACTIVE Status

Surround yourself with nature, wide-open spaces, and peaceful water views in this exceptional Mill Race home! The main level features a spacious primary suite and dedicated home office, along with an inviting open-concept living area designed for both everyday living and entertaining. Upstairs offers three additional bedrooms and a versatile bonus room. The chef's kitchen is a true centerpiece, showcasing a large island, built-in refrigerator, and custom finishes throughout. Quality craftsmanship is evident in every detail of this beautifully designed home. Unwind on the back deck overlooking the water or launch a kayak for a relaxing adventure across the lake. The detached two-car garage has been thoughtfully converted into a studio guest house but could easily be transformed back into garage space to suit your needs. Welcome home to Mill Race—where nature, comfort, and timeless craftsmanship come together! (Main dwelling - 3721.32 sq ft./Guest house- 983.96) Both w/water view! 4705.28 total heated/cooled sq ft.

5340 Mill Dam Rd, Wake Forest

$1,325,000

4 Beds ⋅ 4 Baths ⋅ 10179572 MLS ⋅ ACTIVE Status

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.

5300 Mill Dam Rd, Wake Forest

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .