The New Place to Call Home in Wake Forest. At Elizabeth Springs, you will find Raleigh's new single-family homes and  townhomes on bigger lots! Larger homesites (1/4 to 1/3 acre) are available in Elizabeth Springs, with the majority backing up to stream buffer zones. Eight unique architectural styles are shown in homes: rustic facades, Victorian, English, Farmhouse, Craftsman, Victorian, Georgian, and Coastal Cottage. Flexible "open concept" layouts ranging in size from 1,800 square feet to 3,194 square feet are available. Plans contain an owner's suite on the first or second level. Additionally, some designs provide the option of two Owner's Suites. Single-family houses have the option of a covered porch, patio, or screened porch. The neighborhood's greenway pathways, swimming pool, and cabana are examples of community facilities.