NEW PRICE! Now offered at $625,000 — a fantastic opportunity to own this beautiful Wake Forest property on nearly 2 acres! Sitting on nearly two private, wooded acres—one of the largest homesites in the neighborhood—this exceptional Wake Forest home offers a rare combination of privacy, timeless character, and modern comfort, all just minutes from Falls Lake, historic downtown Wake Forest, shopping, dining, and everyday conveniences. Extensively updated throughout, the home pairs timeless finishes with quality craftsmanship, creating spaces that feel both refined and welcoming. Rich hardwood floors, updated lighting, fresh finishes, and beautifully remodeled bathrooms reflect the care and attention invested in every renovation, resulting in a home that is truly move-in ready. At the heart of the home, the renovated kitchen was designed for gathering. Custom cabinetry, quartz countertops, a designer backsplash, double ovens, updated appliances, abundant storage, and a bright breakfast area overlooking the backyard make it equally suited for everyday living and effortless entertaining. The spacious family room, anchored by a classic brick fireplace, flows seamlessly into the dining room and outdoor living spaces, creating an inviting setting for holidays, celebrations, or quiet evenings at home. The primary suite offers a peaceful retreat with a spa-inspired bathroom featuring a tiled walk-in shower, designer vanity, updated fixtures, and timeless finishes. Additional bedrooms provide generous space for family and guests. A fully permitted third-floor suite adds exceptional flexibility rarely found at this price point. Complete with a spacious bedroom, a separate flex room ideal for a home office, media room, playroom, guest suite, or creative studio, and a half bath already plumbed for a future shower, this space easily adapts as your needs evolve. A new dormer fills the room with natural light, while dedicated mini-split systems in each room provide efficient, year-round comfort. The unfinished walk-out basement offers abundant storage today and outstanding potential for future expansion, whether you envision a recreation room, workshop, fitness studio, or additional living space. Step outside to discover what truly sets this property apart. The screened porch and expansive deck overlook a fully fenced backyard framed by mature hardwoods and established landscaping, creating a peaceful retreat rarely found this close to town. Seasonal blooms, generous outdoor living spaces, and room for gardening, outdoor hobbies, entertaining, or simply unwinding make the backyard as inviting as the home itself. Outdoor enthusiasts will appreciate easy access to Falls Lake State Recreation Area for boating, fishing, hiking, mountain biking, beaches, and camping, while Holding Park & Pool, Forest Ridge Park, the Kerr Family YMCA, Target, Home Depot, Starbucks, restaurants, and historic downtown Wake Forest are all just minutes away. Offering the privacy of a wooded retreat with the convenience of one of Wake Forest's most desirable locations, this beautifully maintained home is truly a rare find. Homes that combine nearly two private acres, extensive renovations, a fully permitted third-floor suite, and such close proximity to Falls Lake and historic downtown Wake Forest rarely come to market.
For sale
Price cut: $24K (9/12)
$625,000
7217 Rabbit Run, Wake Forest, NC 27587
4beds
2,412sqft
Single Family Residence
Built in 1986
1.95 Acres Lot
$609,900 Zestimate®
$259/sqft
$-- HOA
What's special
Modern comfortFresh finishesTimeless finishesSpacious bedroomExtensively updated throughoutRich hardwood floorsUpdated fixtures
- 81 days
- 633
- 40
Zillow last checked:
Listing updated:
Listed by:
Dina M Sosa 704-258-7837,
Berkshire Hathaway HomeService
Source: Doorify MLS,MLS#: 10176132
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Heating
- Central, Fireplace(s), Heat Pump, Other, Wood Stove
Cooling
- Central Air, Ceiling Fan(s), Other
Appliances
- Included: Double Oven, Dishwasher, Exhaust Fan, Electric Range, Free-Standing Electric Range, Free-Standing Refrigerator, Free-Standing Range, Ice Maker, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Water Heater
Features
- Built-in Features, Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, High Speed Internet, Natural Woodwork, Pantry, Recessed Lighting, Smart Thermostat, Storage, Stone Counters, Living/Dining Room Combination, Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Quartz Counters, Radon Mitigation, Smooth Ceilings
- Flooring: Carpet, Hardwood, Tile, Wood
- Doors: French Doors
- Windows: Bay Window(s), Window Treatments
- Basement: Concrete,Daylight,Exterior Entry,Interior Entry,Sump Pump,Storage Space,Walk-Out Access,Workshop
- Number of fireplaces: 2
- Fireplace features: Basement, Living Room, Wood Burning Stove
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,412
- Total interior livable area: 2,412 sqft
- Finished area above ground: 2,412
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Paved, Parking Pad
- Has uncovered spaces: Yes
- Details: A lot of driveway parking space is available.
Features
- Levels: Three Or More,Two
- Stories: 3
- Patio & porch: Covered, Deck, Enclosed, Porch, Screened
- Exterior features: Fire Pit, Lighting, Private Yard, Rain Gutters, Fenced Yard
- Fencing: Back Yard,Fenced,Gate,Privacy,Wood
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 1.95 Acres
- Features: Back Yard, Gentle Sloping, Landscaped, Native Plants, Private, Sloped, Hardwood Trees
Details
- Parcel number: 183103206817000 0143022
- Zoning: R-40W
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial,Traditional,Transitional
- Property subtype: Single Family Residence
Materials
- Brick, Cement Siding
- Foundation: Block
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Connected, Water Connected, Septic Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Horseshoe Bend
HOA
- Has HOA: No
Location
- Region: Wake Forest
Financial & listing details
- Price per square foot: $259/sqft
- Tax assessed value: $452,752
- Annual tax amount: $2,915
- Date on market: 6/24/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Asphalt
Estimated market value
$609,900
$579,000 - $640,000
$3,045/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2026 | Price change | $625,000-3.7%$259/sqft |
Source: | ||
| 7/22/2026 | Price change | $649,000-3.1%$269/sqft |
Source: | ||
| 6/24/2026 | Listed for sale | $669,900+26.2%$278/sqft |
Source: | ||
| 3/17/2025 | Sold | $531,000-1.6%$220/sqft |
Source: | ||
| 1/27/2025 | Pending sale | $539,900$224/sqft |
Source: | ||
| 1/27/2025 | Listing removed | $539,900$224/sqft |
Source: | ||
| 11/15/2024 | Listed for sale | $539,900$224/sqft |
Source: | ||
| 11/4/2024 | Pending sale | $539,900$224/sqft |
Source: | ||
| 11/1/2024 | Listed for sale | $539,900$224/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,867 +3% | $452,752 +1.7% |
| 2024 | $2,784 +32.8% | $445,099 +67.1% |
| 2023 | $2,097 +7.9% | $266,402 |
| 2022 | $1,944 +2.7% | $266,402 |
| 2021 | $1,892 +1.7% | $266,402 |
| 2020 | $1,861 -12.4% | $266,402 +3.4% |
| 2019 | $2,123 | $257,521 |
| 2018 | $2,123 +14.7% | $257,521 |
| 2017 | $1,851 +2.1% | $257,521 |
| 2016 | $1,814 -1.1% | $257,521 -1.4% |
| 2015 | $1,833 +5.5% | $261,077 |
| 2014 | $1,738 | $261,077 |
| 2013 | -- | $261,077 |
| 2012 | -- | $261,077 |
| 2011 | -- | $261,077 |
| 2010 | -- | $261,077 |
| 2009 | -- | $261,077 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 27587
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Richland Creek Elementary School
- 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.







