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115 Running Bear Drive
Louisburg, NC 27549

$374,900

Lake Royale – Cypress Township – Franklin County

115 Running Bear Drive
Louisburg, NC 27549

$374,900

Save

Single Family

Active

Lake Royale

Cypress Township

Franklin County

  • Bedrooms: 2
  • Bathrooms: 2
  • Square Feet: 1257
  • Acres: 0.68
  • Year Built: 2015

Single Family

Active

Lake Royale

Cypress Township

Franklin County

  • Bedrooms: 2
  • Bathrooms: 2
  • Square Feet: 1257
  • Acres: 0.68
  • Year Built: 2015

2
Bed

2
Bath

1257
sqft

0.68
acres

  • 🌲 All-Pine Interior

  • 📈 Vaulted Ceilings

  • 🪵 Electric Fireplace

  • 🪵 Trex Front Porch

  • 🌅 Screened Rear Deck

  • 🛠️ 10×20 Workshop Shed

NEW PRICE — NOW $374,900! Escape the ordinary and discover a home filled with warmth, character, and personality in the gated Lake Royale community. This distinctive log home brings the relaxed feel of a mountain retreat to an amenity-filled lake community, with its beautiful all-pine interior, soaring vaulted ceilings, open floor plan, and inviting electric fireplace in the living room.

The spacious loft overlooking the great room adds flexibility for a home office, guest space, media room, or quiet retreat. The kitchen offers generous workspace and a large pantry, while the private primary suite features an ensuite bath and convenient in-suite laundry with washer and dryer conveying.

Enjoy peaceful mornings on the expansive Trex front porch and relaxing evenings on the screened rear deck. Finished flex space above the garage offers even more possibilities, while the 10×20 workshop shed is ideal for hobbies, projects, or additional storage.

When you’re ready for adventure, Lake Royale offers a private 345-acre lake for boating, fishing, and swimming, along with beaches, tennis, pickleball, clubhouse amenities, year-round activities, and two memberships to The River Golf Course per household. Now offered at $374,900, this is your chance to own a home that’s anything but cookie-cutter and enjoy the lake lifestyle you’ve been looking for. Come experience it for yourself!

NEW PRICE — NOW $374,900! Escape the ordinary and discover a home filled with warmth, character, and personality in the gated Lake Royale community. This distinctive log home brings the relaxed feel of a mountain retreat to an amenity-filled lake community, with its beautiful all-pine interior, soaring vaulted ceilings, open floor plan, and inviting electric fireplace in the living room. The spacious loft overlooking the great room adds flexibility for a home office, guest space, media room, or quiet retreat. The kitchen offers generous workspace and a large pantry, while the private primary suite features an ensuite bath and convenient in-suite laundry with washer and dryer conveying. Enjoy peaceful mornings on the expansive Trex front porch and relaxing evenings on the screened rear deck. Finished flex space above the garage offers even more possibilities, while the 10×20 workshop shed is ideal for hobbies, projects, or additional storage. When you’re ready for adventure, Lake Royale offers a private 345-acre lake for boating, fishing, and swimming, along with beaches, tennis, pickleball, clubhouse amenities, year-round activities, and two memberships to The River Golf Course per household. Now offered at $374,900, this is your chance to own a home that’s anything but cookie-cutter and enjoy the lake lifestyle you’ve been looking for. Come experience it for yourself!

Listing History

Date

Status

Price

  • 2026-04-10

    Active

    $389,900

  • 2026-05-13

    Price Decrease

    $384,900

  • 2026-06-12

    Price Decrease

    $379,900

  • 2026-07-06

    Price Decrease

    $374,900

Nearby Listings

Statuses
Date Range
Price

115 Running Bear Drive

$374,900

1257

Lake Royale

$298

2

2015

0.68

Listed on
Apr 10th 2026

Doorify IDX Logo

111 Running Bear Drive

$264,900

1230

Lake Royale

$215

3

1993

0.34

Sold on
Feb 6th 2026

Doorify IDX Logo

121 Running Bear Drive

$270,000

1486

Lake Royale

$182

3

2011

0.34

Listed on
May 21st 2026

Doorify IDX Logo

205 Shawnee Drive

$359,500

1645

Lake Royale

$219

3

2025

0.43

Sold on
Sep 19th 2025

Doorify IDX Logo

122 Buckskin Drive

$277,000

1264

Lake Royale

$219

3

1996

0.95

Sold on
Apr 8th 2026

Doorify IDX Logo

104 Pontiac Cove

$489,999

975

Lake Royale

$503

2

1977

0.97

Listed on
Mar 27th 2026

Doorify IDX Logo

115 Running Bear Drive

$374,900

Doorify IDX Logo

111 Running Bear Drive

$264,900

Doorify IDX Logo

121 Running Bear Drive

$270,000

Doorify IDX Logo

205 Shawnee Drive

$359,500

Doorify IDX Logo

122 Buckskin Drive

$277,000

Doorify IDX Logo

104 Pontiac Cove

$489,999

Doorify IDX Logo
Listings Nearby to Listing
12 nearby listings found

Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.

Compared to Similar Homes that Recently Sold….

115 Running Bear Drive has a Price per Square Foot of $298.

Here’s how that compares to the surrounding area:

65% above the Cypress Township median ($187.50)

59% above the City of Louisburg median ($195.00)

58% above the Franklin County median ($196.00)

  • A single-story white house with a front porch and gable roof sits next to a wooded area at 122 Buckskin Drive, Louisburg. The wide, cracked driveway leads to a yard where toys and a small American flag are visible near the porch.
    122 Buckskin Drive, Louisburg, NC 27549
    • Price: $277,000
    • $219 Price per Sqft
    • 1 Sqft
    • 0.95 Acres
    • Sold on 2026-04-08
    • Price: ⬇️ (Sold for $112k less)

    • Sq Ft: ⚖️ (Almost the same size)

    • Cost/SqFt: ⬇️ (Sold for $91 less per sqft)

    • Condition: ⬇️ (Features older oak cabinets and finishes)

    The home on Buckskin Drive offers a similar footprint on a larger lot for over $100,000 less than 115 Running Bear Drive. While the home for sale has much more character with its pine interior and vaulted ceilings, the home on Buckskin represents a more typical value for this square footage. You are paying a significant lifestyle premium for the log-cabin feel and the garage at the home for sale.

    🔴 115 Running Bear Drive is much more stylish, but the price per square foot is significantly higher than other functional homes in the area.

  • A small, light blue house with white trim and a dark roof stands in front of tall trees. The house has a central front door, two bay windows, and a patchy yard with sparse grass and fallen leaves.
    111 Running Bear Drive, Louisburg, NC 27549
    • Price: $106,000
    • $95 Price per Sqft
    • 1 Sqft
    • 0.34 Acres
    • Sold on 2025-08-04
    • Price: ⬇️ (Sold for $283k less)

    • Sq Ft: ⬇️ (About 145 sqft smaller)

    • Cost/SqFt: ⬇️ (Sold for $215 less per sqft)

    • Condition: ⬇️ (Needed a total renovation)

    This sold listing shows the entry point for a home needing a full overhaul in the neighborhood. While 115 Running Bear Drive is in pristine, move-in condition, the price gap between a shell and the finished home for sale is extreme. Even after accounting for the cost of a high-end renovation, the home for sale remains priced well above the total investment seen in this property.

    🔴 115 Running Bear Drive offers convenience and style, but the price reflects a very high premium over the local renovation ceiling.

  • A small, gray house with white trim and a bright red front door, featuring two bay windows, sits in a wooded area with trees and mulch surrounding the front yard.
    111 Running Bear Drive, Louisburg, NC 27549
    • Price: $264,900
    • $215 Price per Sqft
    • 1 Sqft
    • 0.34 Acres
    • Sold on 2026-02-06
    • Price: ⬇️ (Sold for $125k less)

    • Sq Ft: ⚖️ (Nearly identical size)

    • Cost/SqFt: ⬇️ (Sold for $95 less per sqft)

    • Condition: ⚖️ (Both are fully updated)

    115 Running Bear Drive is a beautiful log-style home, but it is priced at a significant premium compared to this sold listing right next door. While the home for sale offers a garage and a newer build date, this property was fully renovated with modern granite and stainless finishes for much less. Even with the unique pine interior and vaulted ceilings at 115 Running Bear Drive, it is a tough sell to justify a $125,000 price jump for nearly the same amount of living space.

    🔴 115 Running Bear Drive is a unique property, but the price point appears quite high compared to recently renovated homes on the same street.

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Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database.

Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.

A cozy log cabin at 115 Running Bear Drive, Louisburg, with a green roof and two dormer windows, features a covered front porch with wooden railings, set on a lush green lawn and surrounded by tall trees.

115 Running Bear Drive
Louisburg, NC 27549

115 Running Bear Drive
Louisburg, NC 27549

$374,900

$374,900

Lake Royale – Cypress Township – Franklin County

A cozy log cabin at 115 Running Bear Drive, Louisburg, with a green roof and two dormer windows, features a covered front porch with wooden railings, set on a lush green lawn and surrounded by tall trees.

115 Running Bear Dr

Louisburg

2 br

1257 sqft

TWP Cypress

CTY Franklin

SUB Lake Royale

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