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Wake Forest Recreational Waterfront Land
For Sale
$275,000

4505 Mitchell Mill, Wake Forest, NC 27587

37-acre retreat with pond near Wake Forest and Raleigh.

Property SizeContact for details
Lot Size37.02 Acres
Days on Market536

Property Features for 4505 Mitchell Mill

General Information

Standard status Active
Lot size 37.02 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $854

Amenities

Flood Plains
Pond on Lot
Listing Agency: COLDWELL BANKER HPW
Listed By: FLOYD BARCO · License #321121
Source: Corcoran
Added: Mar 21, 2025 Changed: Sep 4 Last Checked: Sep 7 at 8:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER HPW

Investment Insights

Based on property information with market context.

This 37.02-acre property, known as Watkins Pond, offers a unique opportunity to create a private retreat. Located on Mitchell Mill Road in Wake Forest, North Carolina, the site includes three parcels: 4501 Mitchell Mill Road (1.86 acres), 4505 Mitchell Mill Road (25 acres), and 0 Stells Road (10.16 acres). The combined acreage provides a mix of wooded and open spaces suitable for various recreational activities. The pond enhances the property's natural beauty and offers opportunities for boating and fishing. The location provides a sense of solitude while remaining close to amenities in Rolesville, Wake Forest, and Raleigh. The property serves as a habitat for diverse wildlife, including bald eagles and great blue herons. The site could be used as a private park for relaxation and stress reduction. Camping and other outdoor activities are also possible. The total taxes for the 37 acres are $1727.10.

Key Highlights

  • 37.02 acres of scenic property including Watkins Pond.
  • Includes three separate properties being sold together.
  • Private, wooded, and open space suitable for recreation, relaxation, and enjoying natural beauty.

Property Analytics

Current Use

Recreation land

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Dental Office Kitchen & Bath Showroom Plumbing Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

22
Businesses Nearby

Demographics for 27587, NC

76,647
Population
30,571
Households
2.5
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
729
Density / Sq Mi
$125,607
Median Household Income
$59,006
Median Earnings
$1,415
Median Rent
$452,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Recreation land - 37-acre retreat with pond near Wake Forest and Raleigh.
Where is this recreation land located?
The property is located at 4505 Mitchell Mill Wake Forest, NC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 37.02 acres of scenic property including Watkins Pond.; Includes three separate properties being sold together.; Private, wooded, and open space suitable for recreation, relaxation, and enjoying natural beauty.
More about this property
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