2040 Reserve Falls Lane Wake Forest, NC 27587
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Listing Brokerage NameHoward Perry & Walston Realtor
Community - Wake Forest
Sale Price as (%) of Asking Price
Average Sale Price
Average Days On Market
Data compiled from available Multiple Listing Service sources.
Wake Forest is a rapidly growing town located just outside Raleigh. Boasting a well-connected community with an emphasis on families, this is an exceptional place to call home.
Wake Forest real estate enjoys a mix of historic properties and new construction homes due to the area’s rich history and growing population. There are a number of traditional and Colonial homes in Wake Forest. The median home price in Wake Forest is well above state and national averages, making this a valuable area to invest in real estate.
Lifestyle and Attractions
Wake Forest is a town located just north of the state capital with a rapidly growing population of more than 35,000. In fact, Wake Forest experienced a 73.2 percent increase in population between 2000 and 2006, making it one of the fastest growing towns in the state. It was once considered a suburb of Raleigh but has now evolved into its own well-connected and thriving community. Wake Forest is extremely focused on family and community, evident in its many events and festivals throughout the year. Residents come together at events like Six Sundays in Spring, Meet in the Street Festival, Mardi Gras Day and more. The Wake Forest Farmers’ Market is open year-round every Saturday morning. The 10,000-square-foot Wake Forest Renaissance Centre for the Arts is the newest cultural venue in Wake Forest, hosting meetings, events and performances in its grand hall.
Falls Lake State Recreation Area is a 26,000-acre woodland park surrounding a 12,000-acre lake, providing the perfect setting for camping, fishing, boating, swimming, walking and mountain biking. E. Carroll Joyner Park is one of the parks totaling 561 acres in Wake Forest. The park hosts an enormous outdoor pool, 50 miles of greenway trails, a dog park, and an amphitheater.
Wake Forest University was founded here in 1834 until it moved to Winston-Salem in 1956, and the original campus is now the home of Southeastern Baptist Theological Seminary. The Wake Forest Historical Museum was once the residence of the first president of Wake Forest University and now serves as a museum displaying the history of both the town and the university. In less than 30 minutes, Wake Forest residents may access downtown Raleigh or Durham, in addition to the Raleigh-Durham International Airport. Wake Forest hosts the headquarters for the Wireless Research Center of North Carolina, The Body Shop, and other corporations. Residents may also travel to nearby cities for employment.
Nearby Schools and Higher Education
Wake Forest students attend schools within the Wake County Public School System, the largest public school district in the state and the 16th-largest in the country. In Wake Forest, there are four public elementary schools, two middle schools and two high schools. In Wake County, there are 79 private schools, including Thales Academy, All Saints Academy, and St. Catherine of Siena Catholic School, which are located in Wake Forest. The former campus for Wake Forest University now hosts the Southeastern Baptist Theological Seminary & College. Additionally, there are a number of colleges and universities within reach, including Duke University, North Carolina State University, the University of North Carolina at Chapel Hill, and more.
Wake Forest was founded in 1820, when Dr. Calvin Jones purchased 615 acres for a farm. The town was originally known as “The Forest of Wake”, due to the large tract of forests occupying this section of Wake County. Jones sold the farm to the North Carolina Baptist Convention, who eventually opened the Wake Forest Manual Labor Institute, which later became Wake Forest College. The town was first incorporated as the “town of Wake Forest College” in 1880. The college closed briefly during the Civil War and then relocated to Winston-Salem in 1834. The original campus of Wake Forest University is now the home of Southeastern Baptist Theological Seminary. In 1909, the word “college” was removed from the town’s title, and it simply became Wake Forest.
Approximate Distance to:
Raleigh: 18.5 Miles
Durham: 23 Miles
Raleigh-Durham International Airport: 24 Miles
WakeMed North Healthplex: 8.5 Miles
Duke Raleigh Hospital: 15.5 Miles
Duke University Hospital: 29 Miles
US-1: 3 Miles
I-540: 10 Miles
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Properties within a 1.74 mile radius and similar in price (± 10%)