Millrace Homes for Sale

Welcome to Millrace, a charming subdivision nestled in the heart of Wake Forest, North Carolina! This picturesque community is designed for those who appreciate a blend of nature, convenience, and modern living. Surrounded by lush greenery and serene landscapes, Millrace offers a tranquil retreat while being just minutes away from the vibrant amenities of Wake Forest.

The homes for sale in Millrace are a testament to exceptional craftsmanship and thoughtful design. Whether you're a first-time homebuyer or looking to upgrade, you'll find a diverse range of options that cater to various lifestyles and preferences. From cozy single-family homes to spacious multi-level residences, each property features modern finishes and open floor plans, perfect for both entertaining and everyday living.

Residents of Millrace enjoy a strong sense of community, with friendly neighbors and a welcoming atmosphere. The subdivision is conveniently located near top-rated schools, shopping centers, and recreational parks, making it an ideal place for families and individuals alike. Enjoy weekend strolls along the scenic walking trails, or spend afternoons at the nearby parks, where you can engage in outdoor activities with friends and family.

With homes for sale in Millrace, you have the opportunity to embrace a lifestyle filled with comfort and convenience. Discover your dream home in this enchanting subdivision, where community spirit meets natural beauty. Don't miss out on the chance to be a part of this thriving neighborhood—explore the available listings today and find your perfect sanctuary in Millrace!

Newest Millrace Homes for Sale

$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 .