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    Wake Forest, NC
    Recreation

    Wake Forest, NC Recreation Land for Sale

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    Raleigh, NC Youngsville, NC Rolesville, NC Franklinton, NC Louisburg, NC Zebulon, NC Creedmoor, NC Gibsonville, NC
    Waterfront Land at Watkins Pond
    Updated: Mar 21, 2025
    Waterfront Land at Watkins Pond

    4505 Mitchell Mill Road, Wake Forest, NC 27587

    $275,000
    37.02 AC lot
    37.02‑acre waterfront land offering centered on Watkins Pond
    Three properties sold together: 1.86 acres, 25 acres, and 10.16 acres
    Parcel addresses include 4501 Mitchell Mill Road, 4505 Mitchell Mill Road, and 0 Stells Road
    Public sewer identified for the property
    Recreational setting supports boating, fishing, and camping
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    Wake Forest Recreational Waterfront Land
    Updated: Mar 21, 2025
    Wake Forest Recreational Waterfront Land

    4505 Mitchell Mill, Wake Forest, NC 27587

    $275,000
    37.02 AC lot
    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.
    Central location on Mitchell Mill Road, close to Rolesville, Wake Forest, and Raleigh amenities.
    Diverse wildlife habitat, including bald eagles and great blue herons.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Wake Forest, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Wooded Agricultural Land
    Wooded Agricultural Land

    Rocky Cross Road lot: 4, Middlesex, NC 27557

    $129,000
    10.77 AC lot

    A-1-zoned wooded acreage includes rear marshland and access through a private easement.

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    Recreation Land in Gated Resort
    Recreation Land in Gated Resort

    728 Sagamore, Louisburg, NC 27549

    $45,000

    Recreation land within a private, 24/7 gated community offering boating, swimming, fishing, tennis, and golf amenities.

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    Residential Agricultural Development Land
    Residential Agricultural Development Land

    3701-2940 Wendell Rd, Wendell, NC 27591

    $1,296,000

    RAG-zoned land with open pastures and wooded areas for subdivision, farming, and recreation with no city taxes or HOA constraints.

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    Waterfront Lot with Dock
    Waterfront Lot with Dock

    143 Sagamore, Louisburg, NC 27549

    $147,400

    Waterfront .21 acre lot with bulkhead, dock, and shed.

    View details

    Wake Forest, NC Recreation Land Market Trends and Statistics

    Explore 2 recreation land for sale in Wake Forest, NC on our real estate platform. These investment opportunities span a total of 3,225,183 square feet of properties for sale, with an estimated market value of $550,000.

    Sale prices for recreation land in Wake Forest, NC average $275,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 33
    Commercial land 18
    Waterfront Land 3
    Recreation land 2
    Agricultural land / Farmland 1

    Demographics Overview

    Population 82K
    Population Growth (5Y) +23.0%
    Median Household Income $125,607
    College Educated 39.2%

    High-Yield Neighborhoods for Investment

    Identify Wake Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    27587 $275K

    Taxes & Financing

    Tax Rate (average for all types) 1.05%
    Property Tax per SF $9.36 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wake County

    New Delisted

    Total CRE Inventory on Market (SF)

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