202 Morgan Drive Penrose, NC $ 825,000
202 Morgan Drive
$ 825,000
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202 Morgan Drive

Penrose, NC, 28766
$ 825,000
Bedrooms4 Baths3.0 Sq 2,885

Monthly Estimate*

$ 5,698

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Single Family Home for sale in Penrose, NC

for $825,000 with 4 bedrooms and 3 full baths. This 2,885 square foot home was built in 1994 on a lot size of 5.39.

5.39-Acre Equestrian Mini-Farm in Penrose | Updated Ranch with Barn, Fenced Pasture, Stream, & Mountain Views — 3 miles to DuPont Forest!" Not just for horses but the opportunity for Biking is exceptional. The main house gives you four bedrooms and three full baths, with the primary suite tucked on the main level and its own door out to a covered porch built for watching the sun come up over the ridgeline. Double vanities and a steam shower in the primary bath. Skylights in the living room. The kitchen has been remodeled and opens to a breakfast nook with plenty of room to spread out for Sunday dinner, and the main level laundry room comes with a sink and more cabinet space than most people know what to do with. Downstairs, the partially finished basement adds a fourth bedroom, full bath, family room, and a bonus space that works as an office or a rec room, your call. Upper and lower garages are both heated and cooled, and the lower level has a workshop for anyone who likes to tinker. Outside is where this property really earns the horse property name. Fenced pastures, a barn with power and water, a fenced vegetable garden, and a fire pit for evenings under the stars. Seven miles to Pisgah National Forest. Three miles to DuPont. This is the kind of setup people search for years to find.

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Single Family Active

Price

$ 825,000

Bedrooms

4

Full Bath

3

Property Type

Single Family

Taxes

$ 0

Style

Ranch

Lot Size

5.39

Year Built

1994

Town/City

Penrose

County/Region

Transylvania

MLS | Web ID

4422581

Features
General
Living Area 2885
Sewer Septic Installed
Heating Heat Pump Propane
Cooling Heat Pump
Utilities Propane
Roof Architectural Shingle
Appliances Dishwasher Dryer Electric Oven Electric Range Electric Water Heater Filtration System Microwave Refrigerator Washer
HOA Fee 500
Garage Spaces 2
Architectural Style Ranch
Construction Materials Vinyl
Year Built 1994
View Mountain(s) Year Round
Levels One
Property Subtype Single Family Residence
Parcel Number 9515-89-0740-000
Elevation 2000
Waterfront Features None
Assoc Fee Paid Per Annually
County Transylvania
New Construction N
Property Type Residential
HOA Y
Subdivision Name Little River Ranch
Garage Y/N Y
Other Structures Barn(s) Hay Storage Shed(s) Other - See Remarks
Full Baths 3
Directions highway 64 to Crab Creek. Right on Morgan Drive property on the right.
High School Brevard
City Penrose
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Pisgah Forest
Middle/Junior High School Brevard
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Subdivision
Tax Assessed Value 607750
Listing Terms Cash Conventional
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Interior
Basement Interior Entry Partially Finished Walk-Out Access
Flooring Carpet Laminate Tile Vinyl Wood
Fireplace Features Fire Pit Living Room
Basement (Y/N) Y
Fireplace Y/N N
Above Grade Finished Area 1965
Half Baths 0
Laundry Features Laundry Room Lower Level Main Level
Total Bedrooms 4
Below Grade Finished Area 920
Total Baths 3
SqFt Main 1965
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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Exterior
Fencing Chain Link Partial
Parking Features Basement Driveway Attached Garage
Lot Features Creek Front Flood Plain/Bottom Land Pasture Creek/Stream Views
Water Source Well
Lot Size Area 5.39
Foundation Details Basement
Road Surface Type Asphalt Paved
Other Equipment Fuel Tank - Owned Generator
Road Responsibility Private Maintained Road
Horse Amenities Equestrian Facilities Hay Storage Stable(s)
Main Level Garage YN Y
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Howard Hanna Beverly-Hanks Brevard South

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$5,698
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Monthly Principal & Interest
$5,698
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2172457 Elementary School
2116263 Middle School
Brevard High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2026$825,000 Listed Price

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202 Morgan Drive, Penrose, NC, 28766 is a Single Family Home for sale at $825,000 with 2,885 sqft and a lot size of 5.39. 202 Morgan Drive has 4 bedrooms, 3.0 baths, and was built in 1994. The property's zip code is 28766 which is in Penrose, NC