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Waterfront Corner Lot in Gated Community
For Sale
$35,000

132 Cherokee Drive, Louisburg, NC 27549

Large corner lot with water view in a gated Lake Royale community, with POA-owned area between lot and water.

Property SizeContact for details
Days on Market114

Property Features for 132 Cherokee Drive

General Information

Standard status Active
Property subtype Land / Unimproved Land

Taxes and HOA fees

Annual Taxes $311

Amenities

Electricity Available, Septic Available, Water Available
No
Listing Agency: RE/MAX Legacy
Listed By: Mary Klemp · License #209167
Source: Compass
Added: Apr 22 Changed: Aug 8 Last Checked: May 8 at 10:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Legacy

Investment Insights

Based on property information with market context.

This is a large corner lot in a gated community within Lake Royale, offered for sale for a builder or end user. The property offers a water view and is described as being on the desirable “front” (west) side of the lake, closest to the entrance. A percolation test has been completed.

The area between the lot and the water is owned by the POA and is not buildable. The POA provides access to community amenities including tennis, a pool, and a beach.

Prospective buyers should note the buildable area is limited by the POA-owned space between the lot and the shoreline, per the property remarks.

Key Highlights

  • Large corner lot with water view in a gated Lake Royale community
  • Located on the lake’s west/front side, closest to the entrance
  • Utilities available: electricity, water, and septic

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Garden Center Daycare Center Discount Store Nursing Home Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby

Demographics for 27549, NC

24,558
Population
11,326
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
85%
High-School Grad
231.7 sq mi
ZIP Area
106
Density / Sq Mi
$63,534
Median Household Income
$36,782
Median Earnings
$954
Median Rent
$191,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Large corner lot with water view in a gated Lake Royale community, with POA-owned area between lot and water.
Where is this waterfront land located?
The property is located at 132 Cherokee Drive Louisburg, NC.
What is the asking price?
The asking price for this property is $35,000.
What are key features of this property?
This property features: Large corner lot with water view in a gated Lake Royale community; Located on the lake’s west/front side, closest to the entrance; Utilities available: electricity, water, and septic
More about this property
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