$235,000
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.
Property details
- MLS #
- 10159067
- Property type
- Single Family Residence
- Subdivision
- Lake Royale
- Status
- Active
- Days on market
- 185
- On market date
- April 10, 2026
- Stories
- N/A
- Total bathrooms
- 1.5
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.14 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 473
- Student:teacher ratio
- 13.9:1
- District
- Franklin County Schools
- Enrollment
- 586
- Student:teacher ratio
- 16.3:1
- District
- Franklin County Schools
- Enrollment
- 844
- Student:teacher ratio
- 17.6:1
- District
- Franklin County Schools
Walkability
Blended score for Louisburg's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Louisburg, from live MLS data.
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated August 26, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.