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For sale
  • $535,000

    516 Deacon Ridge St, Wake Forest, NC 27587

    4beds
    3,748sqft
    : 
    $3,159/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 2003
    0.28 Acres Lot
    $521,300 Zestimate®
    $143/sqft
    $14/mo HOA

    What's special

    Welcome to 516 Deacon Ridge Drive, located in the established Deacons Ridge subdivision of Wake Forest. This home features a first-floor primary suite, a finished walk-out lower level with a dedicated home theater, and a backyard with mature trees and a seasonal stream, all conveniently located just off NC-98 and only 0.8 miles from the heart of Downtown Wake Forest. A covered wraparound front porch welcomes you inside, where soaring ceilings and hardwood floors create an inviting first impression. The living room features a gas log fireplace and flows into the formal dining room with classic wainscoting, creating distinct spaces that remain connected throughout the main level. The kitchen features granite countertops, stainless steel appliances, a breakfast bar, pantry, and abundant cabinet space. The adjoining breakfast nook is surrounded by three large windows that fill the space with natural light and overlook the backyard. The main-level primary suite includes a walk-in closet and an ensuite bathroom with dual vanities, a soaking tub, and a separate shower. One of the home's standout features is the finished walk-out lower level with new luxury vinyl plank flooring throughout. This versatile space includes a dedicated home theater with a projector and screen that convey with the home, a large recreation room, an additional flex area for hobbies, fitness, a game table, or casual seating, a full bathroom, an oversized walk-in closet, and generous unfinished space for a workshop or additional storage with convenient exterior access. Sliding glass doors lead directly to the covered lower patio, extending the living space outdoors. Upstairs, a freshly painted bonus room with a built-in twin bed and closet offers flexibility as a guest room, home office, or bonus room. Two additional bedrooms, a full bathroom, and a conveniently located laundry room complete the second floor. The upper deck overlooks a backyard with mature trees and a seasonal stream along the rear of the property that flows after periods of rain. The covered patio below provides another outdoor space for relaxing, dining, or spending time with family and friends. Recent improvements include a new roof installed in 2023, one furnace replaced in 2023, one of the home's three air conditioning units replaced in 2023, a gas water heater replaced in 2025, fresh interior paint throughout the first and second floors, freshly painted basement trim and ceilings, and new carpet installed on the stairs, throughout the second floor, and in the primary bedroom. Beyond the home itself, the location is hard to beat. Just 0.8 miles from the heart of Downtown Wake Forest, you'll enjoy quick access to locally owned restaurants, coffee shops, boutiques, parks, and the town's year-round events and festivals. Whether you're meeting friends for dinner, grabbing a morning coffee, or spending an afternoon downtown, it's all just minutes away. Convenient access to NC-98 and other major commuting routes makes getting around the Triangle just as easy. Whether you're looking for room to spread out, dedicated spaces for entertaining, work, or hobbies, or quick access to everything Downtown Wake Forest has to offer, 516 Deacon Ridge Drive brings it all together in one thoughtfully designed home.
    14 days
    |
    678
    |
    35
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Rob Zelem 919-906-3793,

    LPT Realty, LLC,

    Donna Burnette 919-554-6252,

    LPT Realty, LLC

    Source: Doorify MLS,MLS#: 10183647MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Forced Air
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Free-Standing Electric Range, Stainless Steel Appliance(s), Water Heater
      • Laundry: Inside, Laundry Room, Upper Level
      Features
      • Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), Crown Molding, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Pantry, Master Downstairs, Recessed Lighting, Separate Shower, Smooth Ceilings, Soaking Tub, Walk-In Closet(s), Walk-In Shower, See Remarks
      • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
      • Basement: Apartment, Bath/Stubbed, Exterior Entry, Finished, Full, Heated, Interior Entry, Storage Space, Walk-Out Access, Workshop
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 3,748
      • Total interior livable area: 3,748 sqft
      • Finished area above ground: 2,526
      • Finished area below ground: 1,222

      Property

      Parking
      • Total spaces: 4
      • Parking features: Attached, Driveway, Garage, Garage Faces Front
      • Attached garage spaces: 2
      • Uncovered spaces: 2
      Features
      • Levels: Three Or More, Two
      • Stories: 3
      • Patio & porch: Covered, Deck, Front Porch, Porch
      • Exterior features: Rain Gutters
      • Has view: Yes
      • View description: Creek/Stream, Neighborhood, Trees/Woods
      • Has water view: Yes
      • Water view: Creek/Stream
      Lot
      • Size: 0.28 Acres
      • Features: Back Yard, Front Yard, Gentle Sloping, Landscaped, Sloped, Sloped Down, See Remarks
      Details
      • Parcel number: 184007680558000 0281229
      • Zoning: GR3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional, Transitional
      • Property subtype: Single Family Residence, Residential
      Materials
      • Brick, Vinyl Siding
      • Foundation: Concrete Perimeter, Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2003

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Deacons Ridge
      HOA
      • Has HOA: Yes
      • Services included: None
      • HOA fee: $41 quarterly
      Location
      • Region: Wake Forest

      Financial & listing details

      • Price per square foot: $143/sqft
      • Tax assessed value: $551,551
      • Annual tax amount: $5,419
      • Date on market: 8/14/2026
      • Road surface type: Asphalt

        Estimated market value

        $521,300

        $495,000 - $547,000

        $3,211/mo

        Price history

        DateEventPrice
        8/14/2026Listed for sale$535,000+101.1%$143/sqft
        Source: Doorify MLS #10183647 Report a problem
        7/24/2008Sold$266,000+0%$71/sqft
        Source: Public Record Report a problem
        6/10/2008Price change$265,900-5%$71/sqft
        Source: Listhub #989260 Report a problem
        5/25/2008Price change$279,900-9.7%$75/sqft
        Source: Listhub #989260 Report a problem
        3/26/2008Listed for sale$309,900+34%$83/sqft
        Source: Listhub #989260 Report a problem
        2/12/2008Sold$231,300$62/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,189 +0.4%$551,551
        2024$5,169 +31%$551,551 +63.2%
        2023$3,947 +4.2%$337,922
        2022$3,786 +1.8%$337,922
        2021$3,720 $337,922
        2020$3,720 +0.5%$337,922 +13.9%
        2019$3,701 $296,695
        2018$3,701 +9.3%$296,695
        2017$3,387 +1.3%$296,695
        2016$3,344 -6%$296,695 -4.8%
        2015$3,557 +3.3%$311,796
        2014$3,444 $311,796
        2013-- $311,796
        2012-- $311,796
        2011-- $311,796
        2010-- $311,796
        2009-- $311,796
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 27587

        Getting around

        34 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Wake Forest Elementary
        • Middle: Wake - Wake Forest Middle School
        • High: Wake - Wake Forest High School

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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