Millrace Homes with Wake - Richland Creek Elementary School

Welcome to Millrace, a charming subdivision nestled in the heart of Wake Forest, North Carolina. This picturesque community offers the perfect blend of suburban tranquility and modern conveniences, making it an ideal place for families and individuals alike. With its beautifully designed homes and lush landscaping, Millrace stands out as a serene oasis in the vibrant Wake County.

One of the standout features of Millrace is its proximity to highly-rated schools, including the esteemed Richland Creek Elementary School. Families will appreciate the short commute to this top-notch educational institution, which is known for its commitment to academic excellence and fostering a supportive learning environment. Parents can rest assured knowing their children have access to quality education just moments away from home.

The homes in Millrace are thoughtfully crafted, showcasing a variety of styles and sizes to suit diverse lifestyles. From cozy single-family residences to spacious two-story homes, there’s something for everyone in this welcoming community. Many properties feature modern amenities, open floor plans, and outdoor spaces perfect for entertaining or enjoying a quiet evening under the stars.

Beyond the beautiful homes, residents of Millrace enjoy a wealth of recreational opportunities. The nearby parks and walking trails invite outdoor enthusiasts to explore and connect with nature, while the vibrant downtown Wake Forest is just a short drive away, offering an array of shopping, dining, and entertainment options.

Discover the charm of Millrace, where community spirit thrives, and every day feels like a retreat. Experience the perfect balance of comfort, convenience, and community in this delightful Wake Forest neighborhood!

Newest Millrace Homes with Wake - Richland Creek Elementary School

$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 .