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A modern two-story gray house with white trim at 127 Ottawa Drive, Louisburg, features a covered front porch, large windows, and a sloped driveway, surrounded by green trees and shrubs under a blue sky.Modern living room at 127 Ottawa Drive in Louisburg with a brown leather sofa, gray couch, armchair, blue rug, coffee table, stone fireplace, lush plants, and large ceiling fan. Open layout connects to dining area and white kitchen.Aerial view of a suburban neighborhood surrounded by dense green forest, with a lake and tree-lined shoreline in the background under a clear blue sky.A porch with wooden flooring features two brown rocking chairs, a small table, a welcome sign, a double wooden front door with glass panes, and light gray siding on the house.Aerial view of a two-story gray house with a covered front porch, circular driveway, landscaped front yard, and neighboring houses surrounded by trees.Bright entryway with wood floors, double wooden front doors with glass panels, a black mat, metal shoe rack, and two large windows letting in natural light. A doorway leads to a room with blue furniture.Modern living room with wood flooring, brown leather sofas, a potted plant, wall-mounted TV above a white stone fireplace, and large windows letting in natural light.Modern living room with a stone fireplace, wall art, TV above the mantel, brown leather sofa, armchair, plants, and a large window letting in natural light. Blue patterned throw covers the foreground.Spacious kitchen with white cabinets, stainless steel appliances, and a center island. Wooden dining table with six chairs sits on a blue rug. Hardwood floors and recessed lighting brighten the room.

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127 Ottawa Drive · Louisburg, NC 27549

Louisburg, NC 27549 · Lake Royale
ActiveSingle FamilyLake RoyaleCypress TownshipFranklin County
$474,000
$152 / sq ftListed May 22, 2026
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A modern two-story gray house with white trim at 127 Ottawa Drive, Louisburg, features a covered front porch, large windows, and a sloped driveway, surrounded by green trees and shrubs under a blue sky.Modern living room at 127 Ottawa Drive in Louisburg with a brown leather sofa, gray couch, armchair, blue rug, coffee table, stone fireplace, lush plants, and large ceiling fan. Open layout connects to dining area and white kitchen.Aerial view of a suburban neighborhood surrounded by dense green forest, with a lake and tree-lined shoreline in the background under a clear blue sky.A porch with wooden flooring features two brown rocking chairs, a small table, a welcome sign, a double wooden front door with glass panes, and light gray siding on the house.Aerial view of a two-story gray house with a covered front porch, circular driveway, landscaped front yard, and neighboring houses surrounded by trees.

3
Bedrooms

2.5
Bathrooms

3,112
Square feet

0.34
Acres

2023
Year built
Lake RoyaleCypress TownshipFranklin CountyMLS 10169329

127 Ottawa DriveActive
$474,000 · 3 bd · 2.5 ba · 3,112 sf

Highlights

  • Quartz Countertops
  • Stainless Steel Appliances
  • Center Island
  • Screened-In Back Porch
  • Theater Room
  • Private Lake

About this home

Welcome to Lake Royale! Discover your personal oasis located just 15 miles from the Wake County line near Wake Forest. Built with hospitality and comfort in mind, this 3-year-old home boasts over 3,100 square feet of living space, offering plenty of room for guests to spread out, along with a convenient horseshoe driveway for easy parking.

Step onto the welcoming covered front porch and into an open first floor filled with natural light, high ceilings, and a convenient half bath. The heart of the home is the stylish, open-concept kitchen, dining, and living area, featuring an abundance of white shaker-style cabinets, deep drawers, quartz countertops, stainless steel appliances, a pantry, and a center island. Just off the kitchen, a screened-in back porch offers the perfect spot for unwinding after a day on the lake or starting your morning in peace, overlooking a backyard with plenty of space for pets and play.

The first-floor primary suite features a separate sitting room–perfect for main-level living–and a luxurious bathroom with dual vanities and a glass-frame shower. Thoughtful, turn-key details you'll appreciate from day one are already taken care of, including ceiling fans, landscaping, and window treatments.

The second floor offers two bedrooms (one oversized), a full bathroom, a dedicated laundry area, and a massive (19×21) bonus room currently serving as a theater room, complete with a hidden service bar area with a sink and a separate home office with built-in shelves and a desk. Up one more level, the third floor features a massive recreation room with a game area and lounge space.

Located just a 5-minute bike ride away from Ottawa Drive is the Pavilion recreation area, featuring a sandy swimming beach, a mini-golf course, and a handy boat ramp. The centerpiece of this gated community is the 345-acre, 3.5-mile-long private lake, offering serene beauty and ample recreational opportunities. Lake Royale hosts year-round social events for members and guests, centered around the clubhouse with its own swimming beach, dock, and picnic spots, while additional community amenities include an outdoor swimming pool complex, basketball and tennis courts, a fitness park, and owner privileges at the adjacent 18-hole course at The River Golf Club. This beautiful, unique community is a hidden jem of the Triangle area.

Location

Cypress Township · Franklin County · Louisburg, NC

Property history

  1. Price decreasedSource: IDX Doorify MLS #10169329$474,000−$51,000 · −9.7%$152/sqft
  2. Price decreasedSource: IDX Doorify MLS #10169329$525,000−$20,000 · −3.7%$169/sqft
  3. Listed for saleSource: IDX Doorify MLS #10169329$545,000$175/sqft

Documents

2 floor plans

127 Ottawa Drive, Louisburg, NC 27549 10169329 20260522232606219418000000(opens in a new tab)127 Ottawa Drive, Louisburg, NC 27549 10169329 20260522232606237376000000(opens in a new tab)

Nearby listings

Near 127 Ottawa Drive · Louisburg, NC 27549

Status

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  • All
  • Active (6)
  • Sold (3)
  • Pending (2)
Living area

Living Area

Price

Price

Date range

Date Range
Listings Nearby to Listing

127 Ottawa Drive
Lake Royale · This home
$474,000
3,112
$152
3
2023
0.34
Active
May 22, 2026

123-125 Ottawa Drive
Lake Royale
$619,000
3,426
$181
4
2025
0.68
Sold
Feb 21, 2026

235 Sequoia Drive
Lake Royale
$305,000
1,773
$172
3
2025
0.34
Sold
Feb 8, 2026

133 Ottawa Drive
Lake Royale
$323,000
1,668
$194
3
2022
0.34
Under Contract
Jul 29, 2026

138 Ottawa Drive
Lake Royale
$397,000
2,299
$173
3
2023
0.45
Active
May 20, 2026

139 Ottawa Drive
Lake Royale
$290,000
1,654
$175
3
2026
0.34
Sold
Feb 7, 2026

Showing 6 of 11 nearby listings
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Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.

How the price compares

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

This home
$152
per sq ft
City of Louisburg
$191
median · this home is 20% below
Cypress Township
$199
median · this home is 24% below
Franklin County
$191
median · this home is 20% below

Sold for
$619,000
Per sq ft
$181
Size
3,426 sq ft
Lot
0.68 acres

123-125 Ottawa Drive

Sold Nov 6, 2025
Sold for $145k more314 sq ft larger$29 higher per sq ftBrand new construction with a 2-car garage

This sold listing is a brand-new 2025 build located right on the same street as the home for sale. While it commanded a higher total price, it offers a fourth bedroom and a full two-car garage, which 127 Ottawa Drive lacks. The interior finishes in this property are very modern, featuring a pot filler and a second 'cold kitchen' upstairs, providing a bit more luxury than the 2023 finishes found at the home for sale. However, 127 Ottawa Drive offers a similar aesthetic and significant square footage for a lower entry price.

Bottom line
127 Ottawa Drive appears fairly priced when compared to this newer, larger neighbor, especially for buyers who don't prioritize a garage.

Sold for
$550,000
Per sq ft
$166
Size
3,304 sq ft
Lot
0.77 acres

125 Oswego Drive

Sold Dec 3, 2025
Sold for $76k more192 sq ft larger$14 higher per sq ftNewer build with high-end smart features and a garage

This property on Oswego Drive represents a very strong value comparison that makes 127 Ottawa Drive look a bit expensive. For only $5,000 more, this home offered brand-new 2025 construction, more square footage, and a two-car garage. Visually, this sold listing features higher-end designer touches like black and gold fixtures, a shiplap fireplace wall, and a smart home package that isn't present in the home for sale. It also sits on a much larger lot of 0.77 acres compared to the 0.34 acres at 127 Ottawa Drive.

Bottom line
Given that a newer, larger home with a garage and superior finishes sold for nearly the same price, the home for sale may be positioned slightly high for the current market.

Sold for
$799,000
Per sq ft
$287
Size
2,789 sq ft
Lot
1.15 acres

106 Nashua Cove

Sold May 22, 2025
Sold for $325k more324 sq ft smaller$135 higher per sq ftPremium lakefront lot with private dock

Comparing the home for sale to this property on Nashua Cove is a classic 'Apples to Oranges' scenario. While this sold listing is older (built in 1990) and smaller, it sits on a premier 1.15-acre lakefront lot with nearly 300 feet of shoreline and a private boat house. The massive price premium here is entirely tied to the water access and the recent 2022-2024 renovations, including a gourmet kitchen and new windows. 127 Ottawa Drive is a much newer structure with more interior space, but it lacks the direct lake access that drives the value of this property.

Bottom line
The home for sale makes sense for a buyer prioritizing modern square footage and a newer build over the high-maintenance premium of a lakefront lot.
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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.