Authorities said the dog named Blue was allegedly stolen by Markil Jacquease Jeffreys, an acquaintance of the owners.
Officials said the dog worth $4,500 was then sold to an unknown buyer.
Jeffreys is charged with felony larceny of a dog and felony obtaining property by false pretense. He is under a $20,000 secured bond.
Anyone with information about Blue's whereabouts is asked to contact the Wake County Sheriff's Office.