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Property Description
MOTIVATED SELLERS!! MUST SEE! WATERFRONT. PRICE IMPROVEMENT!!! Welcome to 106 Palomino Cove in the desirable Lake Royale community! This spacious 3-bedroom, 2.5 bath home features a finished walk-out basement, perfect for entertaining or relaxing. Enjoy breathtaking lake views from the large deck or step down to the water's edge for some peace and quiet. Located in a beautiful, gated neighborhood with tones of amenities, this home offers a perfect blend of comfort, charm, and outdoor living. Seller is motivated -- don't is your chance to own waterfront property at an incredible value!
Full Property Details
Full Property Details for 106 Palomino Cove
General
- Sold For: $540,000
- HOA FEE: $99/month
- HOA FEE FREQ.: Annually
- Taxes: $2,838
- Status: Closed
- Type: Single Family
- Source: 2218
- MLS ID: 10092854
- Added to Site: 264 day(s) ago
Interior
- Number of Rooms: 5
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Basement, Gas Log, Living Room, Propane
- Appliances: Electric Range, Refrigerator
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: In Basement
Additional Information
- Shared Amenities: Basketball Court, Beach Rights, Clubhouse, Fitness Center, Gated, Golf Course, Picnic Area, Playground, Pool, Shuffleboard Court, Tennis Court(s), Water
- Pool: Yes
- Spa Description: None
Exterior
- Exterior Features: Boat Slip, Fire Pit
- Porch/Patio/Deck: Deck, Front Porch, Patio
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Garage Door Opener, Workshop in Garage
Location
- County: Franklin
- Subdivision: Lake Royale
- Driving Directions: Follow 98 to Bunn. Go straight at stop sign onto Jewett/Baptist Church Road. Take a right on Sledge then left on Cheyenne Turn right on Shawnee, Right on Souix, Left on Sagamore, Rt on Palomino Cove.
School Information
- Elementary School: Franklin - Ed Best
- Middle School: Franklin - Bunn
- High School: Franklin - Bunn
Community
- Association: Yes
- Assoc. Fees Include: Road Maintenance, Security
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Natural Gas Not Available, Phone Available, Septic Connected, Sewer Not Available, Propane
Structural Information
- Architectural Style: Traditional
- Structure Type: Site Built
- Exterior Const.: Wood Siding
- Basement: Yes
- Basement Desc.: Finished, Walk-Out Access
- Roof: Shingle
- Stories/Levels: 1
- Building Size: 2529
- Square Feet: 2,529
- Finished Above Grnd: 1,518 Sq. Ft.
- Finished Below Grnd: 1,011 Sq. Ft.
- Year Built: 1975
Additional Structures
- Other Structures: None
Lot Features
- Property View: Water
- Lot Size (Acres): 0.47
- Lot Size (Sq. Ft.): 20,473.2
- Frontage: Private Road
- Street/Road Desc.: Asphalt
- Lot Features: Waterfront
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Royale
- Water Front View: Waterfront
Financial Considerations
- Association Fee: $1,193
- Assoc Fee Freq.: Annually
- Tax Amount: $2,838.89
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 2831521930
- Lot Number: 1161
Listed by Century 21 Folks Properties, Rhonda Folks (803) 235-1375
Sold by Allen Tate/Raleigh-Falls Neuse, Ginger Lynn
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Schools
Schools serving 106 Palomino Cove
School District:Franklin County Schools
| Name | Grades | Distance |
|---|---|---|
Edward Best Elementary 4011 North Carolina 56, Louisburg, NC 27549 | PK-5 | 8.1 mi |
Bunn Middle 4742 North Carolina 39, Bunn, NC 27508 | 6-8 | 3.3 mi |
Bunn High 29 Bunn Elementary School Road, Bunn, NC 27508 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 106 Palomino Cove
Date
Details
Price
Change
Source
9/10/2025
Sold
$540,000
-1.82%
MLS
7/23/2025
Price Reduced
$550,000
-8.32%
MLS
6/06/2025
Price Reduced
$599,900
-2.61%
MLS
4/29/2025
Listed
$616,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
106 Palomino Cove, Louisburg, NC 27549 (MLS# 10092854) is a Single Family property that was sold at $540,000 on September 10, 2025. Want to learn more about 106 Palomino Cove? Do you have questions about finding other Single Family real estate for sale in Louisburg? You can browse all Louisburg real estate or contact a Coldwell Banker agent to request more information.

