115 Running Bear Drive
Louisburg, NC 27549
$369,900
Lake Royale – Cypress Township – Franklin County
115 Running Bear Drive
Louisburg, NC 27549
$369,900
51 photos
Single Family
Active
Lake Royale
Cypress Township
Franklin County
Single Family
Active
Lake Royale
Cypress Township
Franklin County
2
Bed
2
Bath
1257
sqft
0.68
acres
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🌲 All-Pine Interior
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🔥 Electric Fireplace
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🪵 Expansive Trex Front Porch
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🪟 Screened Rear Deck
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🛠️ Workshop Shed
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⛳ Lake Royale Community
PRICE IMPROVEMENT $369,900! Welcome to a home that truly stands apart, featuring a beautiful all-pine interior, soaring vaulted ceilings, an open floor plan, and an inviting electric fireplace in the living room.
The spacious loft overlooking the great room offers flexible space for a home office, guest area, media room, or quiet retreat. The kitchen provides plenty of workspace and a large pantry, while the private primary suite includes 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 adds even more possibilities, and the 10×20 workshop shed is perfect for hobbies, projects, or extra storage.
Beyond the home, enjoy everything the Lake Royale community has to offer, including a private 345-acre lake for boating, fishing, swimming, and kayaking, plus beaches, tennis, pickleball, clubhouse amenities, year-round activities, and two memberships to The River Golf Course per household. If you’re looking for something with character, flexibility, and a lifestyle that’s anything but cookie-cutter, this one is worth experiencing for yourself!
PRICE IMPROVEMENT $369,900! Welcome to a home that truly stands apart, featuring a beautiful all-pine interior, soaring vaulted ceilings, an open floor plan, and an inviting electric fireplace in the living room. The spacious loft overlooking the great room offers flexible space for a home office, guest area, media room, or quiet retreat. The kitchen provides plenty of workspace and a large pantry, while the private primary suite includes 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 adds even more possibilities, and the 10×20 workshop shed is perfect for hobbies, projects, or extra storage. Beyond the home, enjoy everything the Lake Royale community has to offer, including a private 345-acre lake for boating, fishing, swimming, and kayaking, plus beaches, tennis, pickleball, clubhouse amenities, year-round activities, and two memberships to The River Golf Course per household. If you’re looking for something with character, flexibility, and a lifestyle that’s anything but cookie-cutter, this one is worth experiencing for yourself!
Maps
Listing History
Date
Status
Price
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2026-04-10
Active
$389,900
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2026-05-13
Price Decrease
$384,900
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2026-06-12
Price Decrease
$379,900
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2026-07-06
Price Decrease
$374,900
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2026-08-14
Price Decrease
$369,900
Documents
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Documents Source: Doorify MLS IDX Feed
Documents
Documents Source: Doorify MLS IDX Feed
Nearby Listings
14 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 $294.
Here’s how that compares to the surrounding area:
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122 Buckskin Drive, Louisburg, NC 27549
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Price: ⬇️ (Sold for $112k less)
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Sq Ft: ⚖️ (Almost the same size)
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Cost/SqFt: ⬇️ (Sold for $91 less per sqft)
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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.
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111 Running Bear Drive, Louisburg, NC 27549-
Price: ⬇️ (Sold for $283k less)
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Sq Ft: ⬇️ (About 145 sqft smaller)
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Cost/SqFt: ⬇️ (Sold for $215 less per sqft)
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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.
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111 Running Bear Drive, Louisburg, NC 27549-
Price: ⬇️ (Sold for $125k less)
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Sq Ft: ⚖️ (Nearly identical size)
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Cost/SqFt: ⬇️ (Sold for $95 less per sqft)
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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.
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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.
115 Running Bear Drive
Louisburg, NC 27549
115 Running Bear Drive
Louisburg, NC 27549
$369,900
$369,900
Lake Royale – Cypress Township – Franklin County
115 Running Bear Dr
Louisburg
2 br
1257 sqft
$369,900
TWP Cypress
CTY Franklin
SUB Lake Royale