This describes our experience almost exactly… top 30% of our high school class, typically full pay do well with WF. My D declined to apply because she felt too many kids from high school (private with class size of about 120) go to Wake… which I think was silly. The kids we know there are very happy.
At our high school, the kids targeting Wake are also applying to SMU, Vandy, Duke, Richmond, W&L, etc.