1605 Sagamore Drive · Louisburg, NC 27549

This sold listing provides a clear look at the value of a park model home in the community when it isn't located on the water. While 1605 Sagamore Drive is listed at a much higher price point, it offers the rare benefit of being directly lakefront with a private pier and boat included. This home on Running Deer Drive is a well-maintained retreat, but it lacks the immediate shoreline access and the 'vacation-ready' package of furniture and equipment found at the home for sale.

This property is a brand-new, stick-built cottage which generally represents a higher asset class than a manufactured park model. It features modern finishes, energy-efficient mini-splits, and more square footage than 1605 Sagamore Drive. However, even with its superior construction quality and newer age, it sold for less because it is tucked away in the woods rather than sitting on the lake. It shows that in this market, the dirt (the lakefront lot) is often more valuable than the structure itself.

This sold listing is very similar in style and age to 1605 Sagamore Drive, offering a great baseline for a well-kept park model. It features a newer roof and a fenced yard, yet it sold for roughly half the price of the home for sale. The difference highlights the extreme value placed on lakefront lots in Lake Royale. While 1605 Sagamore Drive is much more expensive per square foot, the inclusion of the boat, dock, and the turn-key furniture package helps bridge that valuation gap.