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Wake 27587
1500 River Mill Drive #110
$325,000
● Condo - Off Market

1500 River Mill Drive #110

Wake Forest, NC 27587
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
876 Ft²
$2,276
Est. Monthly
$565
HOA / Fees
3.39%
Cap Rate

About This Property

Stunning Hidden Gem right on the Neuse River! Located in an Old Mill Building built in 1847 that has been Converted into condos. Recently renovated with an Open floor plan, exposed stone wall and wood beams.  Almost everything is new. Refinished original mill hardwood floors upstairs. New LVP Downstairs. New HVAC and Water Heater. Kitchen features new stainless steel appliances, tile backsplash and quartz countertops. Newly painted Spiral staircase leads to 2nd floor complete with 2 Bedrooms and updated Bathrooms. Private fenced in courtyard with new back fence. Scraped ceilings, Freshly painted walls and trim. All new light fixtures and many many extras. Lovely community with access to  community garden, walking trails, gazebo, fishing, kayaking and walking distance to Falls Lake! Please do not forget to walk to the front of building and take in the wonderful water views!  Each unit gets 2 parking spots
Unit Size
876 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$371
Property Type
Condo
Property Taxes
$115
HOA Dues
$565
Year Built
-

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Last updated: 2 years ago (TMLS #2542065)

Price History

Date / Event Date Event Price
Oct 26, 2026 Listed by Coldwell Banker HPW $299,900
Listed by Coldwell Banker HPW
Experience the extraordinary character and beauty of historic mill living in this one of a kind, two level condominium in Wake Forest. Rich in history and architectural detail, this remarkable home showcases original exposed stone walls, gorgeous hardwood floors, soaring ceilings and rustic wood beams that create an inviting atmosphere unlike traditional construction. The thoughtfully designed floor plan offers two bedrooms and two full baths on the upper level, including beautifully updated bathrooms. A striking spiral staircase connects the upper level to the spacious lower living area, where the updated kitchen features beautiful cabinetry, quartz countertops and wonderful space for everyday living and entertaining. One of the home's most appealing features is the flexibility of having exterior access to both levels. The upper level is conveniently accessed from the parking area through a secure entry, while the lower level offers step free exterior access along a sidewalk from the parking area, making it especially convenient for bringing in groceries, shopping bags and everyday essentials. Just outside the lower living area, a private fenced courtyard offers a peaceful retreat surrounded by established trees, beautiful stonework and flower boxes. Perfect for morning coffee, relaxing or entertaining! Follow the scenic pathway along the back of the building to Adirondack chairs overlooking the river, a wonderful place to unwind and enjoy the natural surroundings. Adding to the appeal, River Mill is located outside city limits and is subject only to Wake County property taxes. The original mill buildings also benefit from a historic property tax designation providing a 50% reduction in qualifying property taxes, helping offset the cost of condominium ownership. Historic architecture, modern updates and a beautiful natural setting come together to create a truly distinctive place to call home!
Dec 8, 2023 Sold
Sold
Nov 15, 2023 Listed by Allen Tate/Raleigh-Falls Neuse $325,000
Listed by Allen Tate/Raleigh-Falls Neuse

Property Highlights

Parking Available
Air Conditioning
Parking Details
Parking Features: Assigned
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), High Ceilings, Bathtub/Shower Combination, Living/Dining Room Combination, Quartz Counters, Smooth Ceilings, Walk-In Shower
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
Flooring Type: Hardwood, Vinyl
Laundry Features: Laundry Closet, Main Level
Rooms: 4
Exterior Details
Square Footage: 876
Architectural Style: Local Historic Designation, Warehouse
Year Built: 1854
Building Area Total: 876
Levels: Two
Building Area Units: Square Feet
Construction Materials: Stone
Patio and Porch Features: Patio
Lot Features: Landscaped, Open Lot
Lot Size Area: 435.6
Lot Size Units: Square Feet
Lot Size Acres: 0.01
Lot Size Square Feet: 435.6
Lot Size Dimensions: see ta x
Water Source: Public
Financial Details
Tax Annual Amount: $1,379
Utilities Details
Cooling Type: Central Air, Electric, Heat Pump
Heating Type: Electric, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Structure, Sewer, Trash
HOA/Condo/Coop Amenities: Trail(s)
HOA Fee: $358
HOA Fee Frequency: Monthly
Condo/Coop Fee: $207
Condo/Coop Fee Frequency: Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20261026 Unit 110
10/26/2026
110
2 Bed
2 Bath
901 ft²
$299,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
901 ft²
-
-
Angie Martin
Coldwell Banker HPW
20250819 Unit 111
08/19/2025
111
2 Bed
2 Bath
913 ft²
$299,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
913 ft²
$289,000 -3.63%
10/17/2025
Frank DeRonja
DeRonja Real Estate
20250618 Unit 310
06/18/2025
310
3 Bed
2 Bath
1210 ft²
$450,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1210 ft²
$440,000 -2.22%
09/08/2025
Hugh Grist
Grist Realty Inc
20240929 Unit 204
09/29/2024
204
1 Bed
1 Bath
694 ft²
$299,900
bedrooms
1 Bed
bathrooms
1 Bath
square feet
694 ft²
$287,450 -4.15%
12/20/2024
Kathy Beacham
Howard Perry & Walston Realtor
20240604 Unit 113
06/04/2024
113
2 Bed
2.5 Bath
907 ft²
$325,000
bedrooms
2 Bed
bathrooms
2.5 Bath
square feet
907 ft²
-
-
Kathy Beacham
Howard Perry & Walston Realtor
20231115 Unit 110
11/15/2023
110
2 Bed
2 Bath
876 ft²
$325,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
876 ft²
$325,000
12/08/2023
Lori Walls
Allen Tate/Raleigh-Falls Neuse
20231102 Unit 101
11/02/2023
101
1 Bed
1 Bath
611 ft²
$289,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
611 ft²
$282,000 -2.42%
12/12/2023
James McDermott
Berkshire Hathaway HomeService
20230914 Unit 304
09/14/2023
304
1 Bed
1 Bath
700 ft²
$299,900
bedrooms
1 Bed
bathrooms
1 Bath
square feet
700 ft²
$300,000 +0.03%
10/05/2023
Kathy Beacham
Howard Perry & Walston Realtor
20221007 Unit 204
10/07/2022
204
1 Bed
1 Bath
659 ft²
$339,900
bedrooms
1 Bed
bathrooms
1 Bath
square feet
659 ft²
-
-
Matthew Peedin
Keller Williams Realty Cary
20220603 Unit 310
06/03/2022
310
3 Bed
2 Bath
1323 ft²
$499,999
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1323 ft²
-
-
Adam Grossman
AMG Realty LLC
20210917 Unit 301
09/17/2021
301
1 Bed
1 Bath
648 ft²
$225,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
648 ft²
$251,500 +11.78%
10/29/2021
Kathy Beacham
Howard Perry & Walston Realtor
20210118 Unit 401
01/18/2021
401
3 Bed
2 Bath
1205 ft²
$285,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1205 ft²
$285,000
02/25/2021
Laura Howell
HomeTowne Realty
20201013 Unit 113
10/13/2020
113
2 Bed
2 Bath
885 ft²
$225,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
885 ft²
$225,000
12/22/2020
Laura Howell
HomeTowne Realty
20200521 Unit 205
05/21/2020
205
1 Bed
1 Bath
684 ft²
$190,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
684 ft²
$183,000 -3.68%
07/09/2020
Amanda Alves
Compass -- Raleigh
20200206 Unit 310
02/06/2020
310
3 Bed
2 Bath
1215 ft²
$274,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1215 ft²
$259,000 -5.47%
05/01/2020
Amy Brown
Berkshire Hathaway HomeService
20200110 Unit 112
01/10/2020
112
2 Bed
3 Bath
900 ft²
$224,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
900 ft²
$217,000 -3.13%
04/20/2020
Erica McDowell
20190628 Unit 301
06/28/2019
301
1 Bed
1 Bath
603 ft²
$175,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
603 ft²
$175,000
07/29/2019
Melissa Schambs
Berkshire Hathaway HomeService
20190515 Unit 311
05/15/2019
311
3 Bed
2 Bath
1176 ft²
$225,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1176 ft²
$215,000 -4.44%
07/29/2019
Susan Abshire
Coldwell Banker HPW
20190122 Unit 306
01/22/2019
306
2 Bed
2 Bath
947 ft²
$220,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
947 ft²
$220,000
04/01/2019
Jennifer Lange
Howard Perry & Walston Realtor
20190110 Unit 307
01/10/2019
307
1 Bed
1 Bath
685 ft²
$175,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
685 ft²
$175,000
05/31/2019
Jennifer Lange
Howard Perry & Walston Realtor
20180823 Unit 310
08/23/2018
310
3 Bed
2 Bath
1215 ft²
$185,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1215 ft²
$185,000
03/15/2019
Chip Edwards
Allen Tate/Raleigh-Glenwood
20170730
07/30/2017
2 Bed
1.5 Bath
943 ft²
-
bedrooms
2 Bed
bathrooms
1.5 Bath
square feet
943 ft²
-
-
-
20170719 Unit 202
07/19/2017
202
2 Bed
2 Bath
912 ft²
$215,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
912 ft²
$215,000
08/25/2017
Chip Edwards
Allen Tate/Raleigh-Glenwood
20170717 Unit 113
07/17/2017
113
2 Bed
1 Bath
943 ft²
$170,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
943 ft²
$168,500 -0.88%
09/15/2017
Anita Oxford
Compass - Raleigh
20150603 Unit 104
06/03/2015
104
1 Bed
1 Bath
675 ft²
$138,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
675 ft²
$131,500 -4.71%
08/11/2015
Chip Edwards
Allen Tate/Raleigh-Glenwood

Building Info

1500 River Mill Drive 1500 River Mill Drive, Wake Forest, NC 27587
  • 2 Units for Sale
More about this Building
1500 River Mill Drive
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