Lake Royale Homes under $500,000

Lake Royale Homes under $500,000

Welcome to Lake Royale, a hidden gem nestled in the heart of Franklin County, North Carolina. This charming subdivision, located just outside the vibrant city of Louisburg, offers a unique blend of serene lakeside living and community spirit, making it the perfect place to call home.

Lake Royale is renowned for its stunning natural beauty, featuring a picturesque 345-acre lake surrounded by lush greenery and scenic views. Residents enjoy a plethora of outdoor activities, from fishing and boating to hiking and picnicking along the shoreline. The community is designed for those who appreciate a tranquil lifestyle while still having access to modern conveniences.

One of the most appealing aspects of Lake Royale is its diverse array of homes, many of which are available for under $500,000. Whether you're searching for a cozy cottage or a spacious family home, you'll find properties that cater to a variety of tastes and budgets. The homes in this subdivision often feature open floor plans, modern amenities, and beautiful outdoor spaces perfect for entertaining or simply soaking in the breathtaking surroundings.

Living in Lake Royale means becoming part of a welcoming community that values connection and camaraderie. With organized events, social clubs, and recreational facilities, residents have plenty of opportunities to engage with their neighbors and create lasting friendships.

If you're looking for a peaceful retreat that combines the charm of lakeside living with affordable housing options, Lake Royale is the perfect destination. Come discover the beauty and tranquility that await you in this delightful North Carolina community!

Newest Lake Royale Homes under $500,000

129 Blackfoot Dr, Louisburg
$284,000
3 Beds ⋅ 3 Baths ⋅ 10203026 MLS
Do NOT miss this fully updated 3 bed, 2 and 1/2 bath home on a private .34-acre lot in the gated Lake Royale community! Features a large, welcoming front porch, LVP flooring throughout, fresh paint, modern trim, and a stone fireplace. The renovated kitchen boasts white cabinets, quartz counters, an apron-front sink, tile backsplash, and stainless appliances. Primary suite on main level with updated tiled baths. Complete with a 3-year-old roof, electric heat pump/AC, and encapsulated crawl space with dehumidifier! Enjoy resort amenities: lake, beaches, pool, golf, and courts.

129 Blackfoot Dr, Louisburg
422 Shawnee Dr, Louisburg
$395,000
3 Beds ⋅ 3 Baths ⋅ 10202928 MLS
Timeless log cabin character meets fresh, modern comfort in this fully renovated Lake Royale retreat. Original logs, high ceilings, and two wood-burning fireplaces create a warm, inviting atmosphere, while new bathrooms, flooring, fresh paint, new equipment, and new laundry appliances bring everyday convenience to this distinctive home. A basement apartment with a private entrance offers flexible space for guests or extended stays. The septic field has been upgraded to accommodate three bedrooms, adding to the home's thoughtful improvements. Outside, a large lot provides room to relax, entertain, and enjoy the outdoors, with a storage shed for tools and equipment. Located in the gated Lake Royale community, residents enjoy beach access, picnic areas, a clubhouse, tennis courts, golf, and so much more. Whether you're drawn to cozy evenings by the fire or days spent enjoying the community's amenities, this renovated cabin offers a welcoming place to call home.

422 Shawnee Dr, Louisburg
1520 Sagamore Dr, Louisburg
$264,900
1 Beds ⋅ 1 Baths ⋅ 10202783 MLS
Not your ordinary lake getaway! Exceptional Park Model Retreat on 3 Beautifully Manicured Lots! Fall in love with this exceptional park model retreat, where inviting interiors, thoughtful amenities, and outstanding outdoor living create the perfect Lake Royale getaway! The light-filled interior features a full-size range and refrigerator, wine fridge, one bedroom, a spacious walk-in closet offering the versatility of a potential additional sleeping area, plus a cozy loft with its own air conditioning. The impressive four-season porch with removable plexiglass panels provides generous space for relaxing or entertaining. A covered porch leads to the adjoining grilling deck, complete with an oversized automatic umbrella. Three meticulously maintained lots offer abundant outdoor space, a separate workshop/storage building, an additional 9' x 6' storage building, and rear access from Light Foot. Your perfect Lake Royale escape awaits! Opportunities like this don't come along often—don't let this one slip away!

1520 Sagamore Dr, Louisburg
119 Mayan Dr, Louisburg
$399,000
3 Beds ⋅ 3 Baths ⋅ 10200714 MLS
Bring your boat, RV, and golf clubs and make this gorgeous home yours just in time for the holidays! This home has been thoughtfully designed and constructed from high quality materials and finishes - no builder grade stuff in here! You'll feel like you built a custom home at a fraction of the price! Special features include custom wood shelved pantry, drop zone, and closets, LVP flooring throughout - NO CARPET! - boxed oak stair treads with open iron rails, electric fireplace, cathedral ceiling in the living room, and matte black hardware and light fixtures. The kitchen is the heart of this home and provides lots of cabinet storage, countertop space, and effortless entertaining. The first floor primary suite includes a spacious walk in closet, 5' tiled shower, double vanities, and water closet. There's also a first floor flex room with a large closet that would make the perfect office, playroom, or guest room. Upstairs you'll find two bedrooms, a guest bath with double vanities, a large bonus room as well as some unfinished walk-in storage. The tree lined lot has a spacious front and back yard - watch the leaves fall on your screen porch! Interior photos are representative but the trim, colors, finishes, fixtures etc will be as pictured. Home is currently in drywall. Refrigerator not included and there is no tray ceiling in the primary bedroom. Lake Royale is a year round vacation-style community with a 3.5-mile lake, two beaches, boat ramps, clubhouse, outdoor pool, tennis & pickleball, volleyball, basketball, mini golf, shuffleboard, campsites, comfort centers, and More! The events committee provides a full calendar including food trucks, concerts, bingo, karaoke, movies on the beach, and 4th of July fireworks--you'll never run out of things to do! AND a free River Golf Course membership for two is included in your annual POA dues!

119 Mayan Dr, Louisburg
204 Sacred Fire Rd Unit 3083p, Louisburg
$336,900
3 Beds ⋅ 3 Baths ⋅ 10200684 MLS
DEDICATED HOME OFFICE, SPACIOUS PRIMARY SUITE & SEMI-CUSTOM FLEXIBILITY! Discover the Hudson 2013 by True Homes in Lake Royale, offering approximately 2,201 square feet with 3 bedrooms, 2.5 baths and thoughtfully designed living spaces. The main level features a private Study, open-concept Great Room, kitchen with island and pantry, and a dedicated Dining Room. Upstairs, the Primary Suite offers a relaxing sitting area, while two additional bedrooms, a full bath, convenient laundry and a versatile Game Room complete the layout. Make this home uniquely yours with available structural options, including a fourth bedroom, expanded garage configurations, an additional main-level bedroom and bath, a sunroom, screened porch or covered outdoor living area. Explore available kitchen enhancements, fireplace options, luxury primary bath configurations and designer finishes to personalize your new home. Located in Lake Royale near Louisburg, this proposed construction opportunity offers the flexibility to create a home that reflects your lifestyle. Options are subject to availability, homesite compatibility and additional cost.

204 Sacred Fire Rd Unit 3083p, Louisburg
164 Shawnee Dr Unit 1080p, Louisburg
$353,900
3 Beds ⋅ 2 Baths ⋅ 10200681 MLS
MAIN-LEVEL PRIMARY SUITE, UPSTAIRS GUEST RETREAT & SEMI-CUSTOM FLEXIBILITY! Discover the Cyprus 1348 by True Homes in Lake Royale, offering approximately 1,980 square feet with 3 bedrooms, 3 full baths and a versatile upstairs Game Room. Enjoy the convenience of a main-level Primary Suite, secondary bedroom, full bath and laundry, while the second floor provides a private guest suite with its own bathroom and flexible entertainment space. The open-concept main level features a spacious Great Room, kitchen with island and pantry, and a dedicated dining area. Make this home your own with available upgrades, including luxury primary bath configurations, a fireplace, enhanced ceiling details, an extended garage and outdoor living options such as a covered or screened rear porch. Explore available cabinetry, countertops, flooring and designer finishes to personalize your home. Located in Lake Royale near Louisburg, this proposed construction opportunity combines functional living with the freedom to create a home that reflects your style. Options are subject to availability and additional cost.

164 Shawnee Dr Unit 1080p, Louisburg
112 Acoma Dr Unit 2966p, Louisburg
$430,900
3 Beds ⋅ 3 Baths ⋅ 10200677 MLS
BUILD YOUR DREAM HOME WITH SEMI-CUSTOM FLEXIBILITY IN LAKE ROYALE! Discover the Winslow 3503 by True Homes, offering a spacious, thoughtfully designed floorplan with opportunities to personalize your new home. Explore available structural options that may include additional bedroom configurations, a private study, expanded living spaces, enhanced primary bath layouts and outdoor living features. Create a kitchen that reflects your style with available cabinetry, countertop, backsplash and appliance upgrades. Personalize your home further with flooring, lighting, fixtures and designer finishes selected to complement your lifestyle. Whether you envision flexible spaces for working from home, entertaining guests or simply relaxing, the Winslow offers an exciting opportunity to bring your vision to life. Enjoy the distinctive setting of Lake Royale near Louisburg while creating a home that's uniquely yours. Proposed construction. Structural and design options are subject to availability, homesite compatibility and additional costs. Contact our sales team to explore the possibilities!

112 Acoma Dr Unit 2966p, Louisburg
112 Horse Shoe Dr, Louisburg
$394,900
4 Beds ⋅ 3 Baths ⋅ 10199075 MLS
Welcome to lake living at its best! This thoughtfully constructed, FOUR-bedroom, 2.5-bath home in the Lake Royale community offers 1,923 square feet of modern living space, combining a functional layout with the fresh-start appeal of brand-new construction. The expansive front porch creates a welcoming first impression, while the screened-in back porch offers the perfect spot to unwind or enjoy with friends. Inside, the open-concept floor plan is designed for entertaining, featuring a large kitchen with a built-in pantry, soft-close cabinets, and a massive quartz countertop island perfect for weekend breakfasts, meal prep, or gathering around to watch the big game. Just inside the front door, a versatile bedroom offers the flexibility to serve as a home office, guest room, or flex space as your needs change. The private primary suite is tucked away at the back of the home and features a spacious walk-in closet and a massive walk-in shower. The massive two-car garage provides excellent storage, while the walk-in, encapsulated crawl space offers additional clean storage with a concrete pad for those items you need to keep but don't want inside your living space. No detail was overlooked in the construction of this brand-new home. Quality finishes include durable Hardie® board siding, an insulated garage, and luxury vinyl plank (LVP) flooring throughout the main living areas. Better yet, this new home is all within a stone's throw away from Lake Royale's boating, golf, pickleball and restaurants. Come and see!

112 Horse Shoe Dr, Louisburg
112 Buffalo Dr, Louisburg
$370,000
3 Beds ⋅ 2 Baths ⋅ 10198815 MLS
Welcome home to 112 Buffalo Drive, where elevated new construction meets the Lake Royale lifestyle! Tucked among the trees in this gated lake community, this beautifully designed 3 bedroom home offers approximately 1,641 square feet of thoughtfully finished, single level living. Step inside to an airy open concept design with vaulted ceilings, warm flooring, designer lighting, and a stunning floor to ceiling brick fireplace that anchors the living space. The kitchen shines with quartz countertops, an oversized island, stylish cabinetry, statement lighting, and modern finishes made for both everyday living and entertaining. The primary suite feels like a private retreat, complete with a custom walk in closet and a spa inspired tiled shower featuring rainfall fixtures and beautiful gold accents. A covered back porch overlooking the wooded surroundings offers the perfect place for slow mornings or relaxing evenings, while the two car garage provides plenty of everyday convenience. But life here extends beyond your front door. Lake Royale offers a 345 acre lake, boating, fishing, beaches, swimming, pool, sports courts, playgrounds, and more. Whether you're spending the day on the water or coming home to unwind, 112 Buffalo Drive brings together modern comfort and the feeling of a year round getaway. Welcome to lake life!

112 Buffalo Dr, Louisburg
232 Sequoia Dr, Louisburg
$249,900
3 Beds ⋅ 2 Baths ⋅ 10198727 MLS
Your Lake Royale Lifestyle Awaits! Discover the perfect blend of comfort, fresh updates, and lake community living in this beautifully refreshed 3-bedroom home in the sought-after, gated community of Lake Royale! Step inside and enjoy a fresh new feel with updated LVP flooring, fresh paint, a refreshed kitchen, and two completely renovated bathrooms. Just minutes from the lake, pavilion, and clubhouse, you'll love having community amenities and recreational opportunities close to home. Whether you're looking for a peaceful retreat, a weekend getaway, or a place to call home year-round, this property offers an exciting opportunity to enjoy the Lake Royale lifestyle. Don't wait to make your move—schedule your private showing today and discover the possibilities!

232 Sequoia Dr, Louisburg
244 Sequoia Dr, Louisburg
$379,900
3 Beds ⋅ 2 Baths ⋅ 10198542 MLS
Looking for a lake home nearby, with all the amenities, including a fully staffed gatehouse and security detail, that's an easy drive from Raleigh for a quick getaway or extended stay with enough room to entertain friends and family? Resort-style living meets custom-quality craftsmanship in this stunning new construction home at 244 Sequoia Drive. Nestled on a 0.34-acre lot in the coveted Lake Royale gated community, on a lot backing to woods, this nearly 2,000 sq ft, 3-bed, 2-bath open-floor-plan ranch stands out with custom details. LVP flooring, a chef's kitchen with granite countertops, soft-close cabinetry, a tile backsplash, a coffee bar, and a premium stainless steel appliance package, plus a massive island for hosting friends and family on weekends at your lake home. The private primary suite boasts quartz countertops and a custom tiled shower extending to the ceiling with a built-in bench. Solid wood shelving throughout all closets replaces standard wire racks for elevated durability. Relax on your covered screened deck, enjoying the privacy and view of the woods, birds, and family of deer who visit daily. Enjoy unmatched community amenities: a 345-acre lake, boating, beaches, a pool, tennis, clubhouse, incredible social calendar of events, and an 18-hole golf course! The peace of mind knowing your lake home is secure while you are away, space for friends and family to visit with parking for everyone, amenities to match all preferences, and quality construction from a local family builder committed to excellence: Our mission is to help other families create legacies of their own by providing well-built, affordable homes that stand the test of time. We treat every project like it's our own, because in a way, it is. Each home we build contributes to the story we're writing for our children, our community, and the generations who will follow us. Ready to get your keys and start enjoying life at the lake?

244 Sequoia Dr, Louisburg
439 Shawnee Dr, Louisburg
$265,000
3 Beds ⋅ 2 Baths ⋅ 10198050 MLS
Enjoy resort-style living in the gated Lake Royale community! Nestled among mature trees on nearly half an acre, this charming 3-bedroom, 2-bath ranch features over 1,600 square feet of comfortable one-level living centered around a dramatic floor-to-ceiling stone fireplace that serves as the stunning focal point of the living area. The spacious kitchen features abundant cabinetry and flows seamlessly into the dining and living areas, while the expansive enclosed porch provides the perfect place to enjoy your morning coffee, entertain guests, or simply unwind while taking in the peaceful, wooded surroundings throughout the seasons. Generous primary suite features French doors leading to the large rear deck that extends your outdoor living space. The deck overlooks the private backyard, providing even more room to relax and enjoy nature. Secondary BR is also ample sized and has windows that open up to the sunroom. The walk-in crawl space and partially floored attic space will assist you with some of your storage needs. A recent seller improvement includes a whole-house water purification system, and the home previously received roof enhancements designed to improve wind resistance. New laminate flooring was just installed in the primary BR. First American Home Warranty included! Lake Royale residents enjoy an exceptional resort-style lifestyle with access to a 345-acre lake for boating and fishing, multiple beaches, a swimming pool, clubhouse, golf course, fitness center, pickleball and tennis courts, playgrounds, and a full calendar of community activities. Whether you're searching for your primary residence or a relaxing weekend getaway, this home offers the perfect blend of comfort, privacy, and recreation.

439 Shawnee Dr, Louisburg
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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .

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