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A waterfront neighborhood in Louisburg, featuring houses, docks, and boats along a calm lake. Trees without leaves line the shore near 150 Big Horn Cove, and driveways lead from the homes to the water. The scene suggests early spring.A wooden dock with a metal storage box at the end extends into a calm lake, surrounded by trees and houses under a blue sky with scattered clouds.A wooden house with a large screened porch sits on a sloped, grassy yard. Wooden steps lead up to the porch. Neighboring houses are visible on both sides, and tall trees surround the homes under a partly cloudy sky.A wooden house with a screened-in porch sits on a raised foundation next to a concrete driveway, surrounded by bare trees and a patchy lawn under a partly cloudy sky.Bright living room with light wood floors, beige walls, ceiling fan, multiple windows, and open entryways leading to other rooms. A small vent and thermostat are visible on the right wall.Spacious, bright room with light wood flooring, beige walls, multiple windows, ceiling fan, and white trim. Doorways lead to other rooms; porch visible through windows.A spacious room with light wood floors, beige walls, white trim, many windows, a ceiling fan, a black wood stove, and multiple doorways leading to other areas.

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150 Big Horn Cove · Louisburg, NC 27549

Louisburg, NC 27549 · Lake Royale
ActiveSingle FamilyLake RoyaleCypress TownshipFranklin County
$235,000
$356 / sq ftListed Apr 10, 2026
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A waterfront neighborhood in Louisburg, featuring houses, docks, and boats along a calm lake. Trees without leaves line the shore near 150 Big Horn Cove, and driveways lead from the homes to the water. The scene suggests early spring.A wooden dock with a metal storage box at the end extends into a calm lake, surrounded by trees and houses under a blue sky with scattered clouds.A wooden house with a large screened porch sits on a sloped, grassy yard. Wooden steps lead up to the porch. Neighboring houses are visible on both sides, and tall trees surround the homes under a partly cloudy sky.A wooden house with a screened-in porch sits on a raised foundation next to a concrete driveway, surrounded by bare trees and a patchy lawn under a partly cloudy sky.Bright living room with light wood floors, beige walls, ceiling fan, multiple windows, and open entryways leading to other rooms. A small vent and thermostat are visible on the right wall.

1
Bedrooms

1.5
Bathrooms

661
Square feet

0.14
Acres

2001
Year built
Lake RoyaleCypress TownshipFranklin CountyMLS 10159067

150 Big Horn CoveActive
$235,000 · 1 bd · 1.5 ba · 661 sf

Highlights

  • Peninsula Lot
  • Waterfront Peninsula Setting
  • Wood Floors
  • Gas Cooktop
  • Walk-In Shower
  • Screened Porch

About this home

Welcome to one of Lake Royale's most unique settings. 150 Big Horn Cove sits on a rare peninsula lot with water on three sides, giving you the kind of natural privacy that's nearly impossible to find in a gated lake community at this price point. This is not a standard lake-view lot, you are genuinely surrounded by water.

The cottage is intentionally cozy, one bedroom, one and a half baths, 661 square feet, but the real living happens outside. A screened porch runs the length of the home and looks directly out over the cove, making it a four-season retreat you'll actually use.

Wood floors, smooth ceilings, a gas cooktop, built-in refrigerator and freezer, and a walk-in shower keep the interior clean and functional.

What you're buying here is the lot and the lifestyle. Lake Royale is a fully amenitized gated community with a pool, beach access, boat slip, dock, tennis, basketball, clubhouse, playground, and a fitness course. The HOA handles the community, you handle the porch time.

Whether you're looking for a weekend escape, a short-term rental opportunity, or a low-maintenance full-time home on the water, this property delivers something genuinely rare: a waterfront peninsula setting under $250K.

Location

Cypress Township · Franklin County · Louisburg, NC

Property history

2 listings on Doorify MLS since 2025
  1. Price decreasedSource: IDX Doorify MLS #10159067$235,000−$2,500 · −1.1%$356/sqft
  2. Price decreasedSource: IDX Doorify MLS #10159067$237,500−$2,500 · −1.0%$359/sqft
  3. Listed for saleSource: IDX Doorify MLS #10159067$240,000$363/sqft
  4. SoldSource: IDX Doorify MLS #10088575View that listing$240,000$323/sqft
  5. Pending saleSource: IDX Doorify MLS #10088575$269,000$362/sqft
  6. Price decreasedSource: IDX Doorify MLS #10088575$269,000−$10,900 · −3.9%$362/sqft
  7. Price decreasedSource: IDX Doorify MLS #10088575$279,900−$10,000 · −3.4%$376/sqft
  8. Price decreasedSource: IDX Doorify MLS #10088575$289,900−$9,100 · −3.0%$390/sqft
  9. Listed for saleSource: IDX Doorify MLS #10088575$299,000$402/sqft

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.

Documents

2 documents

Floor Plans(opens in a new tab)Measurements(opens in a new tab)

Nearby listings

Near 150 Big Horn Cove · Louisburg, NC 27549

Status

Statuses-buttons
  • All
  • Active (6)
  • Sold (4)
  • Pending (1)
Living area

Living Area

Price

Price

Date range

Date Range
Listings Nearby to Listing

150 Big Horn Cove
Lake Royale · This home
$235,000
661
$356
1
2001
0.14
Active
Apr 10, 2026

150 Big Horn Cove
Lake Royale
$240,000
744
$323
1
2001
0.14
Sold
Feb 16, 2026

110 Pontiac Cove
Lake Royale
$725,000
2,946
$246
3
1998
0.38
Sold
Feb 7, 2026

104 Pontiac Cove
Lake Royale
$479,999
975
$492
2
1977
0.97
Active
Mar 27, 2026

126 Big Horn Drive
Lake Royale
$220,000
400
$550
1
2006
0.17
Active
Jul 23, 2026

122 Buckskin Drive
Lake Royale
$277,000
1,264
$219
3
1996
0.95
Sold
Jan 15, 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
$356
per sq ft
City of Louisburg
$192
median · this home is 85% above
Cypress Township
$199
median · this home is 79% above
Franklin County
$191
median · this home is 86% above

Sold for
$240,000
Per sq ft
$323
Size
744 sq ft
Lot
0.14 acres

150 Big Horn Cove

Sold Oct 29, 2025
Sold for $5k more83 sq ft larger$33 lower per sq ftIdentical original finishes

This sold listing is actually the previous sale of this very property, which closed just recently. Because the home for sale is listed at the exact same price it recently sold for, the valuation appears fairly priced based on its own recent history. You are essentially paying for the premium peninsula lot, as the interior still features the same honey oak finishes seen in the previous sale.

Bottom line
Since this is the same property, the current list price is perfectly aligned with what the market was willing to pay just a few months ago.

Sold for
$177,000
Per sq ft
$244
Size
724 sq ft
Lot
0.55 acres

107 Piquot Drive

Sold Jul 18, 2025
Sold for $58k less63 sq ft larger$112 lower per sq ftFeatures a modern white kitchen

This home on Piquot Drive offers a much more modern interior with white cabinetry and updated flooring, but it lacks the direct water frontage found at 150 Big Horn Cove. While the home for sale is significantly more expensive per square foot, the price difference reflects the massive value of a peninsula lot in this community. It’s a classic trade-off between a nicer interior and a superior, high-demand location.

Bottom line
If you prioritize a move-in-ready interior, this sold home was a better deal, but 150 Big Horn Cove is all about the rare water access.

Sold for
$140,000
Per sq ft
$199
Size
705 sq ft
Lot
0.28 acres

164 Pinto Drive

Sold Apr 21, 2025
Sold for $95k less44 sq ft larger$157 lower per sq ftFully renovated interior

This property on Pinto Drive was recently renovated with a very stylish, modern look and sold for a much lower price point. However, this is an 'apples to oranges' comparison because 150 Big Horn Cove sits on a rare peninsula lot with direct water access, which always commands a heavy premium. The home for sale makes sense for a buyer who prioritizes the lot and view over having a move-in-ready, modern interior.

Bottom line
The home for sale appears fairly priced when you account for the fact that waterfront peninsula lots are the most valuable assets in Lake Royale.
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Cameron Saemann
Cameron Saemann
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Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

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.