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FINISHED WALK-OUT BASEMENT WITH HOME THEATER/FLEX SPACE, FULL BATH, WORKSHOP/STORAGE WITH EXTERIOR ENTRY, FIRST-FLOOR PRIMARY BEDROOM WITH CUSTOM CLOSET, JUST 0.8 MILES FROM THE HEART OF DOWNTOWN WAKE FOREST! Welcome to 516 Deacon Ridge Street in the established Deacons Ridge subdivision of Wake Forest, where flexible living space, thoughtful updates, and a wooded backyard setting come together just off NC-98. Recent improvements include a new roof in 2023, one furnace replaced in 2023, one of the home's three A/C units replaced in 2023, a gas water heater replaced in 2025, a smart thermostat, fresh interior paint, freshly painted basement trim and ceilings, and new carpet in the primary bedroom, on the stairs, and throughout the second floor. A covered wraparound front porch opens to a main level with soaring ceilings and hardwood floors. The living room centers around a gas log fireplace and flows into a formal dining room with classic wainscoting. The kitchen features granite countertops, stainless steel appliances, a breakfast bar, pantry, and abundant cabinetry. Three large windows surround the adjoining breakfast nook, filling the space with natural light and overlooking the backyard. The first-floor primary bedroom features a custom walk-in closet and ensuite bathroom with dual vanities, soaking tub, and separate shower. The finished walk-out basement adds substantial usable space with new luxury vinyl plank flooring, a large recreation area, dedicated home theater/flex room, additional flex space, full bathroom, oversized walk-in closet, and generous unfinished workshop/storage space with a dedicated electrical circuit and exterior entry. The home theater projector, screen, and speakers convey with the home. Sliding glass doors provide direct access to the covered lower patio. Upstairs, a freshly painted bonus room with a built-in twin-size bed and closet provides additional flexible space for guests, work, hobbies, or everyday use. Two additional bedrooms, a full bathroom, and a conveniently located laundry room complete the second floor. Outdoor living extends from the private upper deck to the covered lower patio, both overlooking a gently sloping backyard framed by mature trees and a seasonal stream along the rear of the property. The yard offers usable space for gardening, outdoor dining or additional entertaining areas, allowing you to enjoy both the natural setting and functional outdoor space. The home also offers low HOA dues and a location approximately 0.8 miles from the heart of Downtown Wake Forest, providing convenient access to locally owned restaurants, coffee shops, boutiques, parks, and community events. With NC-98 nearby, the property is also well positioned for access to Raleigh and destinations throughout the Triangle. With a first-floor primary bedroom, finished walk-out basement with full bath, dedicated home theater, workshop/storage space, flexible bonus areas, multiple outdoor living spaces, recent major-system improvements, and close proximity to Downtown Wake Forest, 516 Deacon Ridge Street brings together space, versatility, updates, and location in one Wake Forest home.
Elementary School |
Middle School |
High School |
| Wake - Wake Forest Elementary Distance: N/A Miles |
Wake - Wake Forest Distance: N/A Miles |
Wake - Wake Forest Distance: N/A Miles |
Price History
| 8/28/2026 | Listed $535,000 |
| 9/16/2026 | 2% - $525,000 |
| Sewer | Public Sewer |
| Heating | Forced Air |
| Cooling | Ceiling Fan(s),Central Air |
| Roof | Shingle |
| Appliances | Dishwasher,Free-Standing Electric Range,Stainless Steel Appliance(s),Water Heater |
| Zoning | GR3 |
| HOA Fee | 13.67 |
| Garage Spaces | 2 |
| Association Fee Includes | None |
| Patio/Porch Features | Covered,Deck,Front Porch,Porch |
| Architectural Style | Traditional,Transitional |
| Construction Materials | Brick,Vinyl Siding |
| Year Built | 2003 |
| View | Creek/Stream,Neighborhood,Trees/Woods |
| Stories Count | 3 |
| Levels | Three Or More,Two |
| Property Subtype | Single Family Residence |
| Assoc Fee Paid Per | Quarterly |
| County | Wake |
| New Construction | false |
| Property Type | Residential |
| HOA | true |
| Attached Garage | true |
| Subdivision Name | Deacons Ridge |
| Garage Y/N | true |
| Total Rooms | 1 |
| Full Baths | 3 |
| Status | Active |
| Directions | From 98, North on S Franklin St., Right on E Holding Ave., Left onto Deacon Ridge St., Home is on the left hand side. |
| High School | Wake - Wake Forest High School |
| City | Wake Forest |
| Senior Community Y/N | false |
| Open Parking Spaces | 2 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 12197 |
| Elementary School | Wake - Wake Forest Elementary |
| Tax Annual Amount | 5419.89 |
| Middle/Junior High School | Wake - Wake Forest Middle School |
| Structure Type | House |
| Standard Status | Active |
Interior Features
| Interior Amenities | Bathtub/Shower Combination,Breakfast Bar,Ceiling Fan(s),Crown Molding,Eat-in Kitchen,Entrance Foyer,Granite Counters,High Ceilings,Pantry,Primary Downstairs,Recessed Lighting,Separate Shower,Smooth Ceilings,Soaking Tub,Walk-In Closet(s),Walk-In Shower,See Remarks |
| Basement | Apartment,Bath/Stubbed,Exterior Entry,Finished,Full,Heated,Interior Entry,Storage Space,Walk-Out Access,Workshop |
| Flooring | Carpet,Ceramic Tile,Hardwood,Luxury Vinyl |
| Common Walls | No Common Walls |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Above Grade Finished Area | 2526 |
| Half Baths | 1 |
| Laundry Features | Inside,Laundry Room,Upper Level |
| Total Bedrooms | 4 |
| Below Grade Finished Area | 1222 |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Rain Gutters |
| Parking Features | Attached,Driveway,Garage,Garage Faces Front |
| Lot Features | Back Yard,Front Yard,Gentle Sloping,Landscaped,Sloped,Sloped Down,See Remarks |
| Water Source | Public |
| Lot Size Area | 0.28 |
| Foundation Details | Concrete Perimeter,Slab,Crawlspace |
| Building Area Total | 3748 |
| Lot Size Acres | 0.28 |
| Road Surface Type | Asphalt |
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Kristi is a Johnston county girl raised in Selma, NC. She earned her bachelors Degree from the University of Mount Olive where she studied business and played on the golf team. In addition to being a Realtor, Kristi also owns and operates a women's boutique. She has a passion to help people and she strives to make your experience the best possible whether you are buying or selling Kristi can help to ensure you have a smooth process. 
© 2026 Longleaf Pines Association of Realtors MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties marked with the IDX icon are provided courtesy of the Longleaf Pines Association of Realtors MLS, Inc., Internet Data Exchange (IDX).