Lake Royale

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Sagamore Drive
Louisburg, North Carolina 27549
Price Range: $50,000 - $800,000
Sq Ft Range: 1,400 - 5,000 sq ft

Homes for Sale in Lake Royale, NC by Price

Lake Royale is a private gated community in Central North Carolina located just 28 miles northeast of Raleigh, NC and less than 45 minutes from Rocky Mount, NC. Constructed by American Realty Corporation in the 1970’s, residents have the opportunity to enjoy water recreational activities and sports of all types. It is not a retirement community, although a large percentage of the current population is retired.

Directions to Lake Royale: From Raleigh, take Hwy 401 N. to Hwy 98E to Bunn, or Hwy 64E. to Hwy 98N to Bunn. Lake Royale is 20 miles west of I-95 off Exit 138 at Rocky Mount, onto Hwy 64W. to Hwy 39 to Bunn, 3 miles east of the center of Bunn.

Lake Royale Homes 

Within the gates of this resort like community, there are more then 600 permanent residents scattered over more than 6000 residential, camping and golf course lots. Home prices in the community range from $50,000 to over $800,000. The community has single-family homes available in every size up to 5000+ square feet. It also has cabins and camper and trailer lots available as well.

Amenities

The community boosts numerous private amenities for the use of community members and their guests including:

  • Waterfront Clubhouse and a Recreation center 
  • Water sports opportunities including boating, jet skiing, fishing, canoeing and swimming.
  • Dances, dinners, children's activities and numerous social activities and special interest clubs. 
  • Pavilion, beach areas, docks and picnic shelters. 
  • Swimming pool, Tennis court, miniature golf, basketball court, horseshoe pits, and shuffleboard courts 
  • Privately owned 18-hole The River Golf Course with property owner privileges.

The Lake and Property

Lake Royale is man-made. Approximately 272 feet above sea level, it consists of 345 acres, with a length of 3.25 miles and a maximum lake depth of forty feet. The shoreline is 11 miles long and with a distance around the lake of 13.5 miles. There are over 60 miles of roads, with a 1200-foot dam and a 288-foot concrete spillway. The overall property of Lake Royale is approximately 3,500-acres which completely surrounds the basin, being fed by Cypress Creek and numerous springs.

Home Owners Association

The lake is governed by a board of trustees which are elected by the property owners. The annual association dues are presently $702 (fiscal year 2015) and the minimum requirement for a home is 1400 square feet. The community by-laws and covenants can be obtained at the POA (Property Owners Association) office, where a full-time manager and office personnel are on staff. A building committee, finance committee, and board of adjustments are among the many support groups that enlist the help of the POA members.

The community also has its own police force with 24-hour law enforcement and a 24-hour security company with gated entry. In addition, there is a maintenance crew and janitorial crew (for the clubhouse, comfort stations, common areas, etc.).

Lake Royale's Location

Lake Royale is considered part of the town of Louisburg, which is the county seat of Franklin County. Both Louisburg and Franklin County are historic names, commemorating the role Benjamin Franklin and King Louis XVI of France played in the American Revolution. A charming small town, Louisburg was originally settle on the banks of the Tar River and boasts a large number of homes that are listed on the National Register of Historic Places. Historic churches decorate the oak-lined promenade of Main Street, and two nature parks border the Tar River which offer fishing and canoeing access, playground, picnic shelter, and nature trails. There are several annual events and festivals including the annual Tar River Festival.

History of Lake Royale

Lake Royale was formerly part of the Seven Paths farming community. In 1970, members of the American Realty Corporation started to purchase land. The land along the banks of Cypress Creek was cleared, a dam constructed, and thus the beginning of Lake Sagamore. In 1972, American Realty built the lodge and started selling lots on the west side. In 1977, Lake Sagamore was purchased by the National American Corporation (NACO) and the name was changed to Lake Royale. The back nine holes of the golf course were opened for play in 1987, while the front nine were completed in the spring of 1990. The Property Owners Association (POA) built their administration building at the entrance to the lake, shortly thereafter.


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