Lakefront Living at Its Best! Yes — Lakefront! Welcome to your waterfront retreat in the gated community of Lake Royale! This beautifully maintained, fully furnished park model home offers an easy, turnkey lifestyle in one of the area's most desirable lake communities–all for $255,000.
Perfectly positioned along the water, this property delivers peaceful views and a relaxing, resort-style atmosphere. Inside, you'll find a thoughtfully designed layout with an open living space and tasteful furnishings–everything conveys, so you can start enjoying lake life from day one.
Even better, a boat with a cover is included, making it effortless to get out on the water and fully enjoy everything lake living has to offer.
Located within a private POA community, residents of Lake Royale enjoy access to boating, fishing, swimming, beaches, and recreational amenities–all within a secure, gated setting.
Whether you're searching for a weekend getaway or an investment opportunity, this vacant, move-in-ready home offers flexibility and immediate enjoyment. Spend your mornings by the water, your afternoons cruising the lake, and your evenings soaking in the peaceful surroundings–this is lake living made simple.
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Doorify MLS #10164571$255,000−$5,000 · −1.9%$644/sqft Doorify MLS #10130965$260,000$657/sqft Doorify MLS #10130965$260,000$657/sqftNear 1605 Sagamore Drive · Louisburg, NC 27549
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
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 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.
This level of clarity is how we work with every buyer and seller.
When you partner with Second Story Realty, you get a team that studies the market deeply, explains the “why” behind the numbers, and guides you with transparency at every step.
You can contact us to talk strategy, ask questions, or schedule a showing, we will help you take the next step with confidence.
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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.
