Sales comparison approach using nearby sales within 1 mile. Adjustments made for size and condition. Local appreciation trends considered.
Spacious 5-Bedroom Family Home Near Falls Lake
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.
See the properties helping shape the valuation.
Comparable sales
- 70 SF smaller
- 1 fewer bedroom
- Similar lot size
- 1 year newer
- 90 SF smaller
- 0.5 fewer bathrooms
- Similar lot size
- 1 year older
- 110 SF smaller
- 1,681 SF smaller lot
- 2 years newer
A 2010 traditional on 0.36 acres.
Building
Site & utilities
Wake Forest, NC
Researched nearby locations
Location
1140 Duke Farm Dr, Wake Forest, NC 27587
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.
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.
A factual market snapshot around 1140 Duke Farm Dr.
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.
Residential 10
Zoning
Research-indicated uses
- Single Family
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 10 SF smaller
- 0.5 fewer bathrooms
- 60 SF smaller
What the research supports — and what is still worth verifying.
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
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm ownership details in tax records
- Inspect home for condition and recent renovations
- Verify zoning restrictions for potential ADU development
- Professional appraisal for detailed market valuation
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.