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54 photos

$335,000

1500 River Mill Drive 113, Wake Forest, NC 27587
Wake Forest, NC 27587
Listed by Meredith Gilley · Real Broker, LLC - Carolina Collective Realty
Bedrooms
2
Bathrooms
2.5
Living area
N/A
Year built
1854

About this home

Short-term rental is OK! Historic, unique and incredibly convenient, this two-story condo at River Mill offers something you simply won't find in newer construction and even better, your taxes are reduced because of it being a historic property! Original granite stone walls, soaring ceilings and distinctive architectural details reflect the property's rich history, while thoughtful updates make the space comfortable and functional for everyday living. The recently enclosed private patio adds another special element, creating a beautiful outdoor retreat for morning coffee, entertaining or simply unwinding at the end of the day. Despite its peaceful riverfront setting, River Mill is just minutes from shopping, dining, groceries, medical facilities and everyday conveniences, with quick access to I-540 for an easy connection to the greater Raleigh area and RDU Airport. The Neuse River Greenway is also nearby, offering miles of trails and access to the natural beauty surrounding the community. For buyers tired of cookie-cutter condos, this is a rare opportunity to own a home with genuine history, architectural character, privacy and a location that makes daily life remarkably easy.

Property details

MLS
Doorify MLS
MLS #
10188784
Property type
Condominium
Subdivision
River Mill Condos
Status
Active
Days on market
51
On market date
August 28, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
N/A
Parking spaces
2
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Wakefield Elementary
0.65 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
546
Student:teacher ratio
11.9:1
District
Wake County Schools
Middle
Wakefield Middle
0.58 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
921
Student:teacher ratio
17.1:1
District
Wake County Schools
High
Vernon Malone College and Career Academy
13.52 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
342
Student:teacher ratio
14.9:1
District
Wake County Schools

Walkability

Blended score for Wake Forest's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

60
Walkable
out of 100
EPA National Walkability Index
10.0 / 20 -- Below average walkable
Google Places amenity density
75 / 100
Restaurants & cafes20
Grocery stores2
Parks2
Schools6
Transit stops0
Pharmacies3

Market position

How this listing compares to current activity in Wake Forest, from live MLS data.

On the market 51 days -- 40 fewer days than Wake Forest's current average of 91 days.
For reference, the median list price across 641 active listings in Wake Forest right now is $465,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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Est. monthly payment
$2,167/mo
$67,000 down
$268,000 loan
Principal & interest$1,738
Property tax (est.)$279
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 20 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.