Property listing for 1140 Duke Farm Dr, Wake Forest, NC 27587
For SaleSingle Family Home

$550,000

1140 Duke Farm Dr, Wake Forest, NC 27587

Spacious 5-Bedroom Family Home Near Falls Lake

5 Bed · 3.5 Bath · 3,210 Sq Ft

3,210 sqft on a .36-acre lot with community amenities

5

Beds

3.5

Baths

3,210

Sq Ft

2010

Built

0.36 acres

Lot

2-car attached

Garage

About 1140 Duke Farm Dr

The first thing you notice at 1140 Duke Farm Dr is the generous, level .36-acre yard — a rare, family-scaled parcel inside Wake Forest with room for play, gardening, and weekend projects. Built in 2010 and offering 3,210 square feet, this two-story home balances everyday livability with flexible space: five bedrooms, 3.5 baths, and multiple gathering areas for children, guests, and remote work. The home’s footprint reads as intentionally open: sightlines across the main living spaces make supervising homework during dinner simple and make hosting easier.

At the center of the plan is a modern kitchen appointed for serious family use. The listing notes high-end appliances and contemporary finishes; that kitchen anchors a casual dining zone and a larger family room warmed by a fireplace — a natural focal point for movie nights and quiet evenings. On the entry level you’ll also find formal and informal rooms that adapt to a home office, playroom, or guest suite. Upstairs houses a roomy primary suite plus four additional bedrooms and well-appointed baths, giving everyone privacy and storage.

Systems and practicalities were thoughtfully addressed: central heating and cooling, municipal water and sewer, Piedmont Natural Gas service, and a two-car attached garage provide day-to-day comfort and convenience. The shingle roof and framed construction reflect the 2010 build and a condition reported as good. With no basement and two full stories, the layout is straightforward to maintain and easy to update if you choose to personalize finishes.

Location is a standout. This property sits minutes from Falls Lake State Recreation Area and within quick reach of Wake Forest’s retail and community hubs — Renaissance Centre and The Factory are a short drive away. Wake Forest Elementary (8/10) plus nearby middle and high schools with solid ratings make this an appealing choice for families. Community amenities include neighborhood recreational facilities and a pool, giving summer relief and social opportunities close to home. In short: roomy scale, practical systems, and strong community attributes make 1140 Duke Farm Dr a compelling option for growing families or investors seeking long-term demand in Wake Forest.

Home Highlights

5 bedrooms and 3.5 baths — 3,210 sqft of living spaceLevel .36-acre yard ideal for children and outdoor activitiesModern kitchen with high-end appliances (per broker notes)Fireplace and flexible living areas2-car attached garage and municipal utilitiesClose to Falls Lake and Wake Forest community amenitiesStrong local schools (Wake Forest Elementary 8/10)Estimated value midpoint $550,000

Property Features

Interior Features

  • 5 bedrooms, 3.5 bathrooms
  • Open floor plan with defined living and family rooms
  • Modern kitchen with high-end appliances (per listing notes)
  • Fireplace in family room
  • Two-story layout with primary suite upstairs
  • Central heating and cooling

Exterior & Lot

  • Level 0.36-acre lot
  • 2-car attached garage
  • Shingle roof
  • Municipal water and sewer
  • Piedmont Natural Gas and Duke Energy utility services
  • Driveway with standard residential access

Location & Neighborhood

  • Approx. 3 miles to Falls Lake State Recreation Area
  • Wake Forest Renaissance Centre ~2 miles
  • The Factory shopping and sports complex ~2.5 miles
  • Wake County Public School System (high-rated elementary and middle schools)

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent
  • Nearby parks and green spaces including Falls Lake (3 miles)
  • Hiking and biking trails within 3 miles
  • Community pool and recreational facilities
  • Running/walking paths near the lake and local parks

Neighborhood & Location

Wake Forest combines small-town charm with fast access to Raleigh-area job centers. This section of Duke Farm Drive sits within convenient reach of Falls Lake for boating, fishing, and miles of trails, while local retail and community hubs — Renaissance Centre and The Factory — supply dining, fitness, and entertainment. The Wake County Public School System serving the area scores well at the elementary and middle levels, making the neighborhood particularly attractive to growing families. Quiet residential streets, active community recreation, and easy commuting routes define the local lifestyle.

Market Insights

Wake Forest is firmly favoring sellers right now. Inventory is tight at roughly 1.8 months, average days on market hover around 20, and the neighborhood has posted about 7% appreciation year-over-year (35% over five years). Recent nearby sales cluster between roughly $515,000 and $555,000 for comparably sized homes, supporting a valuation range in the $520k–$580k band and a midpoint near $550,000. Single-family homes in this corridor continue to attract family buyers drawn to high-rated elementary and middle schools, proximity to Falls Lake, and commuter access into the Raleigh-Cary MSA. For investors, rental comps show strong demand — estimated monthly rent around $2,700 with rent-per-square-foot near $0.84 — making gross yields reasonable in the current cycle. Given the low inventory and brisk turnover, well-priced, move-in-ready homes often receive multiple offers; buyers should be prepared to move quickly and bring financing and inspection contingencies into alignment. Conversely, sellers still benefit from elevated buyer competition and faster closings than in balanced markets.

Nearby Schools

Wake Forest Elementary School

Elementary

8/10

Wake Forest Middle School

Middle

7/10

Wake Forest High School

High

7/10

Walkability & Recreation

35
Walkability
75
Recreation

Very good recreation access: Falls Lake State Recreation Area is about 3 miles away with trails and water access, community pool and recreational facilities nearby, and local parks and bike paths for everyday outdoor activity.

Investment Highlights

  • Located in a strong growth area with a 7% annual appreciation rate
  • High-rated schools in the Wake County Public School System
  • Close to Falls Lake, offering premium outdoor activities
  • Spacious layout with modern amenities and an open floor plan
  • Desirable seller's market conditions with low average days on market

Key Findings

  • Built in 2010, offering modern construction benefits
  • Assessed total value of $480,000 in 2025
  • Recent comparable sales indicate a strong market position
  • R-10 zoning primarily for single-family residential use
  • Proximity to major recreational and retail areas enhances appeal

Things to Consider

  • Standard transaction history with no significant issues
  • Nearby developments could impact future neighborhood dynamics
  • Potential for increased property taxes due to rising assessed values

Opportunity Analysis

Solid investment in a rapidly growing market with low inventory. High demand due to excellent schools and proximity to outdoor amenities.

Potential Use Scenarios

  • Consider as a primary residence in a high-demand school district
  • Potential for long-term appreciation given area's growth rate
  • Evaluate for use as a rental property, targeting family tenants

Risk Factors

  • Rising property taxes with increasing assessed values
  • Rapid regional development could alter local dynamics

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$520K

Midpoint

$550K

High

$580K

$171/SF estimated price per square foot

85% confidence

Sales comparison approach using nearby sales within 1 mile. Adjustments made for size and condition. Local appreciation trends considered.

As of 2026-03-07

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$525,000
Avg Days on Market20 days
Inventory1.8 months
1-Year Appreciation+7.0%

Demographics

Population (1 mi)12,500
Median Income (1 mi)$95,000

Wake Forest has seen significant growth, with increasing demand for family-friendly neighborhoods. Strong job market in nearby Raleigh.

Nearby Points of Interest

  • Falls Lake State Recreation Area (3 miles)
  • Wake Forest Renaissance Centre (2 miles)
  • The Factory shopping and sports (2.5 miles)

Convenient access to shopping, dining, and recreational areas. Close proximity to Falls Lake for outdoor activities.

School District

DistrictWake County Public School System
ElementaryWake Forest Elementary School (8/10)
MiddleWake Forest Middle School (7/10)
HighWake Forest High School (7/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2010
Constructionframe
Stories2
Roofshingle
Heatingcentral
Coolingcentral
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.36 acres (15,681 SF)
Topographylevel
Parkingattached_garage
Parking Spaces2

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-10
DescriptionResidential 10
JurisdictionWake County

Allowed Uses

single family
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$480,000
Land$160,000
Improvements$320,000
Annual Tax (2025)$6,000

Sale History

2018-08-10$450,000

$140/SF

Standard transaction

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