121 Mustang Drive, Louisburg, NC 27549 - Photo 1

1/1

$42,000

Sold
Closed
Lots/Land
0.36 Acres
Updated 11 days ago

1/1

Property Description

Located on a corner lot inside the gated community of Lake Royale in Louisburg, this .36-acre property offers a great opportunity to enjoy both privacy and access to a variety of neighborhood amenities. With septic already on site and water connected, the lot is ready for flexible use while providing added convenience. A wired storage building offers functional space for tools, hobbies, or workshop needs, making it easy to store equipment or create a dedicated project area. As part of the Lake Royale community, residents enjoy access to a wide range of recreational amenities including basketball courts, tennis courts, a volleyball court, beach access along the lake, park areas, and a community laundry center, creating an environment designed for both relaxation and outdoor activity. The corner lot setting provides additional openness and visibility while still maintaining the security and sense of community that comes with gated living in Lake Royale.

Full Property Details

Full Property Details for 121 Mustang Dr

General

Sold For: $42,000
HOA FEE: $99/month
HOA FEE FREQ.: Annually
Taxes: $241
Status: Closed
Type: Lots/Land
Source: 2218
MLS ID: 10150727
Added to Site: 179 day(s) ago

Additional Information

Shared Amenities: Basketball Court, Beach Access, Boat Dock, Clubhouse, Coin Laundry, Golf Course, Laundry, Maintenance Grounds, Marina, Park, Picnic Area, Playground, Pool, Racquetball, Shuffleboard Court, Tennis Court(s)
Pool: Yes

Location

County: Franklin
Subdivision: Lake Royale
Driving Directions: Take Sledge Rd to Cheyenne Dr. Turn onto Cheyenne Dr. Turn left onto Shawnee Dr. Turn right onto Eagle Dr. Turn left onto Blackhawk Dr. Turn left onto Mustang Dr. Property on the left.

School Information

Elementary School: Franklin - Edward Best Elementary
Middle School: Franklin - Bunn Middle
High School: Franklin - Bunn High

Community

Association: Yes
Assoc. Fees Include: Road Maintenance

Utilities

Sewer: Septic Tank
Water: Public
Utility Description: Water Connected

Additional Structures

Other Structures: Shed(s)

Lot Features

Lot Size (Acres): 0.36
Lot Size (Sq. Ft.): 15,681.6
Lot Dimensions: .36
Frontage: Private Road
Street/Road Desc.: Paved
Lot Features: Corner Lot
Zoning: FCO R-30

Financial Considerations

Price Per Acre: $116,666.67
Association Fee: $1,193
Assoc Fee Freq.: Annually
Tax Amount: $241.9

Disclosures and Reports

Special Conditions: Standard
Property ID: 22652
Lot Number: -

Listed by eXp Realty, LLC - C, Jason Walters (252) 360-1130 and eXp Realty, LLC - C, Jamie Smith (610) 308-0553
Sold by eXp Realty, LLC - C, Carolyn Nord

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Listing agents

— 121 Mustang Dr —

Jason Walters

eXp Realty, LLC - C
Jamie Smith

eXp Realty, LLC - C

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Schools

Schools serving 121 Mustang Dr

School District:Franklin County Schools

Name	Grades	Distance
Edward Best Elementary 4011 North Carolina 56, Louisburg, NC 27549	PK-5	7.5 mi
Bunn Middle 4742 North Carolina 39, Bunn, NC 27508	6-8	3 mi
Bunn High 29 Bunn Elementary School Road, Bunn, NC 27508	9-12	3.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 Mustang Dr

Date

Details

Price

Change

Source

8/17/2026

Sold

$42,000

—

MLS

3/10/2026

Price Reduced

$42,000

-90%

MLS

3/04/2026

Listed

$420,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Listed by Real Broker, LLC, Matt Bergevin and Real Broker, LLC, David Klose

121 Mustang Dr, Louisburg, NC 27549 - Photo 1

Sold

$42,000

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Residential Lots
Closed
Updated 11 days ago

0.36
Acres

Listed by Jason Walters Real Estate Team and Jamie Smith
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0.37
Acres

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121 Mustang Drive, Louisburg, NC 27549 (MLS# 10150727) is a Lots/Land property that was sold at $42,000 on August 17, 2026. Want to learn more about 121 Mustang Drive? Do you have questions about finding other Lots/Land real estate for sale in Louisburg? You can browse all Louisburg real estate or contact a Coldwell Banker agent to request more information.

121 Mustang Dr Louisburg, NC 27549