202 Morgan Drive

Penrose, NC
$ 825,000 Beds 4 Baths 3 Sq 2,885
Monthly Estimate* How much can I afford?

5.39 sloped-to-level acres, a barn ready to go, and mountain views from your morning coffee. 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 and a wood burning stove 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.

Single Family

  • Price
  • $ 825,000
  • City
  • Penrose
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • TRANSYLVANIA
  • Half Bathrooms
  • 0
  • Area
  • Transylvania County
  • Lot Size
  • 5.39 Acres
  • Zip
  • 28766
  • Sqr Footage
  • 2,885
  • Year Built
  • 1994
  • Style
  • Ranch
  • MLS#
  • 4422581
Listed By: Howard Hanna Beverly-Hanks Brevard South; Billy.harris@allentate.com
Data Source: Canopy MLS

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 No
Property Type Residential
HOA Yes
Subdivision Name Little River Ranch
Garage Y/N Yes
Other Structures Barn(s),Feed Barn,Hay Storage,Shed(s)
Full Baths 3
Directions highway 64 to Crab Creek. Right on Mordan Drive property on the right.
High School Brevard
City Penrose
Senior Community Y/N No
Lot Size Units Acres
Carport Y/N No
Elementary School Pisgah Forest
Middle/Junior High School Brevard
Additional Parcels Y/N No
Standard Status Active
CAR_HOASubjectTo Required
Construction Type Site Built
Restrictions Subdivision
Tax Assessed Value 607750
Listing Terms Cash,Conventional

Interior Features

Basement Interior Entry,Partially Finished,Walk-Out Access
Flooring Carpet,Laminate,Tile,Vinyl,Wood
Fireplace Features Fire Pit,Living Room,Wood Burning,Wood Burning Stove
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1965
Laundry Features Laundry Room,Main Level
Total Bedrooms 4
Below Grade Finished Area 920
Total Baths 3
SqFt Main 1965
Bedroom 3

Exterior Features

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 Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hickory, NC office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Pisgah Forest Elementary School
Middle School Brevard Middle School
High School Brevard High School

Price History

9/16/2026 Listed $825,000

Property vs Zip Code Average in 28766

Price
AVG $650K
$830K
Year Built
AVG 1994
1994
Visits
AVG 76
8
Data Provided by Inside Real Estate®

202 Morgan Drive Penrose, NC is a Single Family Home for sale at $825000 with 2885 sqft and a lot size of 5.39 Acres Acre(s). 202 Morgan Drive Penrose has 4 bedrooms, 3 baths and was built in 1994. The property's zip code is 28766 which is in Penrose, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.