Millrace Homes for Sale

Welcome to Millrace, a picturesque subdivision nestled in the charming town of Wake Forest, North Carolina. This vibrant community offers a perfect blend of suburban tranquility and modern convenience, making it an ideal place for families, professionals, and retirees alike.

Millrace boasts a collection of beautifully designed homes that cater to a variety of lifestyles. From cozy single-family residences to spacious townhomes, there’s something for everyone. The homes for sale in Millrace are characterized by their contemporary architecture, thoughtfully laid-out floor plans, and lush landscaping that enhances the neighborhood’s inviting ambiance. Many properties feature open-concept living spaces, gourmet kitchens, and luxurious master suites, perfect for both entertaining and everyday living.

One of the standout features of Millrace is its proximity to nature. Residents can enjoy scenic walking trails, serene ponds, and meticulously maintained parks, creating a perfect backdrop for outdoor activities and family gatherings. The community is also conveniently located near top-rated schools, shopping centers, and dining options, ensuring that everything you need is just a short drive away.

As you explore the homes for sale in Millrace, you’ll discover a community that values connection, comfort, and quality of life. Whether you’re looking to settle down in a welcoming neighborhood or seeking a vibrant community to call home, Millrace in Wake Forest is a place where memories are made and cherished. Don’t miss the opportunity to be part of this wonderful community—your dream home awaits!

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 .