121 Mustang Drive, Louisburg, NC 27549 - Photo 1

1/1

$42,000

Sold
Closed
Vacant Land
0.36 Acres

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 (2025)
Status: Closed
Type: Vacant Land
Source: 2218
MLS ID: 10150727
Added to Site: 231 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)

Location

County: Franklin
Subdivision: Lake Royale

School Information

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

Community

Association: Yes
Assoc. Name: Lake Royale Property Owners Association
Assoc. Fees Include: Road Maintenance

Utilities

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

Additional Structures

Other Structures: Shed(s)

Lot Features

Lot Size (Acres): 0.36
Lot Size (Sq. Ft.): 15,682
Lot Dimensions: .36
Frontage: Private Road
Street/Road Desc.: Paved
Lot Features: Corner Lot
Zoning: FCO R-30

Financial Considerations

Association Fee: Yes
Association Fee: $1,193
Assoc Fee Freq.: Annually
Tax Amount: $241.9
Tax Year: 2025
Terms: Cash

Disclosures and Reports

Special Conditions: Standard
APN: 22652
Lot Number: -

Listed by eXp Realty, LLC - C, Jason Walters (252) 360-1130 and eXp Realty, LLC - C, Jamie Smith (252) 205-9500
Sold by eXp Realty, LLC - C, Carolyn Nord

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code optional

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agents

— 121 Mustang Dr —

Jason Walters

eXp Realty, LLC - C
Jamie Smith

eXp Realty, LLC - C

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

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.

502 N Cheatham St, Franklinton, NC 27525 - Photo 1

Just Listed

$260,000

502 N Cheatham St Franklinton, NC 27525

Single Family
Active
Updated 3 days ago

3
Beds
2
Total Baths

Listed by Better Homes & Gardens Real Es, Daniel Mounts

125 Mallory Oak Dr, Franklinton, NC 27525 - Photo 1

Just Listed

$440,000

125 Mallory Oak Dr Franklinton, NC 27525

Single Family
Active
Updated 3 days ago

4
Beds
3
Total Baths

Listed by EXP Realty LLC, Michelle Wilder-Baker

140 Hawksbill Dr, Franklinton, NC 27525 - Photo 1

Just Listed

$325,000

140 Hawksbill Dr Franklinton, NC 27525

Single Family
Active
Updated 5 days ago

3
Beds
3
Total Baths

Listed by Berkshire Hathaway HomeService, Mandy Moultrie

1660 Mount Olivet Church Rd, Franklinton, NC 27525 - Photo 1

Just Listed

$259,900

1660 Mount Olivet Church Rd Franklinton, NC 27525

Mobile Home
Active
Updated 4 days ago

4
Beds
2
Total Baths

Listed by Northside Realty Inc., Stephanie Anson

290 Misty Way, Franklinton, NC 27525 - Photo 1

Price Reduced

-$26,000 (-8%)

$299,000

290 Misty Way Franklinton, NC 27525

Single Family
Active
Updated 1 day ago

4
Beds
3
Total Baths

Listed by Rich Realty Group, Ryan Daniel Sabatini and Rich Realty Group, Lee Poole

709 E Green St, Franklinton, NC 27525 - Photo 1

Price Reduced

-$1,000 (-0.33%)

$298,900

709 E Green St Franklinton, NC 27525

Single Family
Active
Updated 7 hours ago

3
Beds
3
Total Baths

Listed by HomeTowne Realty, Adam McKnight

230 Sutherland Dr, Franklinton, NC 27525 - Photo 1

Price Reduced

-$15,000 (-2.92%)

$499,000

230 Sutherland Dr Franklinton, NC 27525

Single Family
Active
Updated 12 hours ago

5
Beds
4
Total Baths

Listed by Stronglast Realty Llc, Howard Jacobson

265 Sorrel Dr, Franklinton, NC 27525 - Photo 1

Price Reduced

-$5,100 (-1.2%)

$419,900

265 Sorrel Dr Franklinton, NC 27525

Single Family
Active
Updated 7 days ago

3
Beds
3
Total Baths

Listed by Howard Hanna Allen Tate Wake Forest/Rolesville, Meredith Hilbert

121 Mustang Dr, Louisburg, NC 27549 - Photo 1

Sold

$42,000

121 Mustang Dr Louisburg, NC 27549

Residential Lots
Closed

0.36
Acres

Listed by Jason Walters Real Estate Team and Jamie Smith
Sold by A Non Member

105 Cimarron Dr, Louisburg, NC 27549 - Photo 1

Sold

$42,000

105 Cimarron Dr Louisburg, NC 27549

Vacant Land
Closed

0.14
Acres

Listed by Howard Hanna Allen Tate LAKE ROYALE, Dan Gunther and Howard Hanna Allen Tate LAKE ROYALE, Julie Joyner
Sold by Howard Hanna Allen Tate LAKE ROYALE, Dan Gunther

176 Shawnee Dr, Louisburg, NC 27549 - Photo 1

Sold

$39,000

176 Shawnee Dr Louisburg, NC 27549

Vacant Land
Closed

0.37
Acres

Listed by Howard Hanna Allen Tate LAKE ROYALE, Dan Gunther and Howard Hanna Allen Tate LAKE ROYALE, Eva Padilla
Sold by NorthGroup Real Estate, Inc., Sherrie Smith

200 Shawnee Dr, Louisburg, NC 27549 - Photo 1

Sold

$39,000

200 Shawnee Dr Louisburg, NC 27549

Vacant Land
Closed

0.37
Acres

Listed by Howard Hanna Allen Tate LAKE ROYALE, Dan Gunther and Howard Hanna Allen Tate LAKE ROYALE, Eva Padilla
Sold by NorthGroup Real Estate, Inc., Sherrie Smith

121 Mustang Drive, Louisburg, NC 27549 (MLS# 10150727) is a Vacant 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 Vacant 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