Penrose Real Estate

Welcome to Penrose, North Carolina—a hidden gem tucked away in the stunning landscape of Transylvania County. Nestled in the heart of the Blue Ridge Mountains, this quaint community offers a unique blend of small-town charm and breathtaking natural beauty. With its lush forests, rolling hills, and nearby waterfalls, Penrose is a paradise for outdoor enthusiasts and those seeking a serene lifestyle.

Penrose is more than just a picturesque location; it boasts a rich history and a close-knit community spirit. The area is known for its friendly residents who take pride in their town, creating a welcoming atmosphere for newcomers and visitors alike. You’ll find local shops, charming cafes, and family-owned businesses that reflect the heart of this vibrant community.

For nature lovers, the surrounding area is a playground of adventure. Explore the Pisgah National Forest, where hiking, mountain biking, and fishing opportunities abound. The nearby Dupont State Recreational Forest is famous for its stunning waterfalls, making it a perfect spot for a family picnic or a day of exploration.

Penrose's location also offers easy access to the bustling towns of Brevard and Hendersonville, where you can enjoy shopping, dining, and cultural events. Whether you’re looking for a peaceful retreat, a place to raise a family, or a vibrant community to call home, Penrose has something to offer everyone.

Come discover the charm of Penrose, North Carolina—a place where nature and community come together in perfect harmony. Your dream home awaits in this enchanting mountain town!

Newest Listings in Penrose

$670,000

3 Beds ⋅ 2 Baths ⋅ 4407814 MLS

Perfectly situated on an acre of land equidistant to Pisgah and Dupont Forest, Brevard and Hendersonville is the ideal home for your next chapter of living in nature, in a low maintenance, brand new home so you've time to play and dream. Cliff road is charming, the modern farm house is romantic. The home includes built in space to hang your coat and boots after a walk up through the woods, and plenty of space in the garage for your boats, tools, and bikes. On your land plant a garden add a hammock and enjoy the small crick that runs on the back of your property.

146 Cliff Road, Penrose

$439,000

3 Beds ⋅ 3 Baths ⋅ 4405552 MLS

Welcome home to this charming and inviting 3-bedroom, 3-bathroom retreat tucked away at the end of a quiet road. Thoughtfully renovated with quality craftsmanship and beautiful finishes throughout, this home offers the perfect blend of comfort, character, and everyday functionality. The main level features two full bathrooms, while a third bathroom in the basement provides added convenience. Downstairs, you'll also find approximately 736 square feet of finished living space (unpermitted), offering endless possibilities for a cozy family room, guest retreat, home office, or hobby space. You'll appreciate the many recent improvements, including a brand-new roof, freshly painted siding, and a beautiful covered back porch—an ideal place to enjoy your morning coffee, unwind after a long day, or gather with family and friends. Nestled on nearly an acre, this peaceful property is surrounded by mature landscaping and offers a spacious yard, a storage building, and a welcoming firepit perfect for making memories under the stars. With no through traffic, you'll enjoy the privacy and tranquility of country living while still being just minutes from everything. Lovingly updated and meticulously maintained, this is more than just a house—it's a place to feel at home. **Showing Instructions:** Please do not drive by the property. All showings must be scheduled in advance.

336 Hillside Road, Penrose

$254,000

2 Beds ⋅ 2 Baths ⋅ 4404991 MLS

Tucked away in the beautiful rolling hills of Penrose, this lovingly maintained 2-bedroom, 2-bathroom home sits on a gentle, beautifully landscaped 0.49-acre lot. Built on a permanent foundation with an installed moisture barrier in the crawl space, this property perfectly combines mountain peace with turnkey convenience. The inviting main level features great natural light, a cozy propane gas fireplace in the living area, and an open layout ideal for relaxing after a day of exploring. Unwind in the primary suite’s garden tub, or enjoy the mature landscaping from your peaceful yard. Located in the sweet spot of Transylvania County, you are just 15 minutes to downtown Brevard's shops and breweries, a short drive to Hendersonville or the Asheville Airport, and minutes from the trailheads of DuPont State Forest and Pisgah National Forest. Whether you're looking for a low-maintenance primary home, a mountain getaway, or an investment property, this Penrose gem is a must-see!

192 Lady Bug Lane, Penrose

$599,000

3 Beds ⋅ 4 Baths ⋅ 4391944 MLS

If you are looking lots of room, flexible floor plan and privacy, you need to see this home! Tons of sq. footage for the money with several different areas that could be used as living areas, arts and crafts studios, workshop and on and on. Situated on just over an acre of luxurious private lot with spacious outdoor living spaces, this private home still offers a very convenient location. 15 minutes to Brevard, 25 minutes to Hendersonville, 15 minutes to Pisgah National Forest and only 8 minutes to all the recreation that DuPont State Forest provides. The main living level contains the primary suite, den, office, kitchen, laundry and garage. Easy to achieve one level living in this home if that's your goal. The bedrooms are very spacious as are the three flex spaces. This home offers a lot of options and opportunities to let your family grow or your guests have their own private spaces. All of this for just over $140 a sq ft!! If this sounds like a good fit, book a tour to see this home today!

94 Paradise Cove Road, Penrose

$435,000

3 Beds ⋅ 2 Baths ⋅ 4397828 MLS

Discover a rare opportunity to own a one-of-a-kind mountain retreat tucked away at the end of a private paved road. Offered with five parcels totaling approximately 2.84 acres, this distinctive contemporary home combines exceptional privacy, breathtaking long-range mountain views, and incredible potential. Designed to embrace its surroundings, the home features vaulted ceilings with exposed beams, a fireplace, loft, sunroom surrounded by walls of windows, and an open living area that showcases the stunning mountain scenery. The basement provides workshop and storage space, while the existing well and septic offer a valuable foundation for future improvements. While the home is in need of repairs and updating, opportunities like this are becoming increasingly difficult to find. The combination of expansive views, acreage, existing infrastructure, and unique architectural character creates an exceptional opportunity to restore and personalize a truly special property. Whether you're searching for a private mountain getaway, full-time residence, or investment, this property offers the chance to create something extraordinary. Property is being sold As-Is.

376 Stoney Brook Road, Penrose

$1,200,000

3 Beds ⋅ 2 Baths ⋅ 4397105 MLS

Perched atop nearly 5 unrestricted acres in the highly sought-after Penrose/Little River area, this one-of-a-kind mountain retreat offers breathtaking 180-degree long-range views stretching across the Blue Ridge Parkway from Mount Pisgah to Hogback Mountain. Framed perfectly from the kitchen window, iconic Looking Glass Rock serves as the centerpiece of the ever-changing mountain panorama, creating a view that feels like a living work of art throughout the seasons. Thoughtfully designed and built by the current owners, this property combines breathtaking natural beauty, privacy, flexibility, and future potential. The 1,680-square-foot home features 3 bedrooms, 2 baths, and a floor plan intentionally positioned to capture the views from the living room, kitchen, office, and primary bedroom. A full masonry fireplace anchors the living room, while a second masonry fireplace highlights the full unfinished basement, offering abundant storage, workshop space, and future expansion possibilities. Meticulously maintained by its original owners, the home reflects years of thoughtful stewardship and ongoing improvements. Recent updates include a new roof, freshly re-stained cedar siding, newer bedroom carpet, hickory hardwood flooring, granite countertops, stainless steel appliances, and numerous other enhancements throughout. The remaining opportunities to personalize the home are primarily cosmetic, allowing the next owner to add their own vision while enjoying a property that has been carefully cared for and improved over time. Outside, years of careful landscaping have created a remarkable setting featuring impressive boulder retaining walls, stone steps, mature plantings, and countless areas to enjoy the mountain scenery. The property consists of two parcels totaling 4.794 acres and includes infrastructure rarely found in a single offering. In addition to the home's well and 3-bedroom septic system, the second parcel includes two established campsites with water, septic, and utility access. Previously operated as a successful vacation rental and later as a 55+ campground, this area offers possibilities for guest accommodations, income potential, a future homesite, or multigenerational living. The property also benefits from two wells, two septic systems, a potential additional homesite, and a former pond site that could potentially be restored. Despite surrounding properties having restrictions, this nearly 5-acre offering is completely unrestricted. Conveniently located just one mile up Jeter Mountain Road on a paved, easy-access mountain road, the property is less than eight miles from both DuPont State Recreational Forest and Pisgah National Forest, placing world-class hiking, waterfalls, mountain biking, and outdoor recreation practically at your doorstep. Rarely does a property combine extraordinary long-range views, unrestricted acreage, multiple homesite possibilities, existing utility infrastructure, and a premier Penrose location in a single offering. This is a unique opportunity to own an irreplaceable piece of Transylvania County.

1025 Jeter Mountain Road, Penrose

$186,000

4380827 MLS

Nearly 5 secluded acres in Penrose offering the perfect setting for your private mountain retreat. Featuring a mix of level and sloped terrain for added privacy and flexibility, this unzoned property offers a variety of potential build and subdivision opportunities. Ideal for a primary residence, vacation getaway, or short-term rental investment!

99999 Laura Brooke Drive, Penrose

$139,500

4375586 MLS

Discover the potential of mountain living with this 1.01-acre homesite in Mountain Meadows, conveniently located just off Jeter Mountain Road in Penrose, NC. Lot 3 offers a wonderful opportunity to build your mountain getaway or full-time residence in a peaceful setting surrounded by natural beauty. Much of the groundwork is already in place, with utilities installed, driveway in place and a 2-bedroom septic permit on file—making it easier to start planning your next chapter. The property also includes two storage sheds for added functionality and convenience. Enjoy seasonal mountain views in the fall and winter, and take advantage of the excellent location just minutes from DuPont State Recreational Forest, where hiking, biking, and waterfalls await. Whether you're looking to build now or invest for the future, this property is ready to bring your vision to life.

137 Bird Song Road Unit #3, Penrose

$75,000

4369808 MLS

Tucked away on a quiet gravel road halfway between Hendersonville and Brevard, this 3.04-acre mountain retreat offers the perfect blend of privacy and convenience. Surrounded by mature woods and natural beauty, the property features a landscape with a desirable flat build site—ideal for your dream home or getaway cabin. With some selective tree clearing or trimming, you can open up stunning long-range mountain views and truly maximize the property’s potential. Enjoy the peaceful charm of a secluded setting, all while being just a short drive to shopping, dining, and outdoor recreation. Whether you’re looking to build now or invest for the future, this is a rare opportunity to create your own slice of Western North Carolina mountain living.

TBD Top Of The Mountain Road, Penrose

$65,000

4366445 MLS

Discover the perfect blend of privacy and convenience with this charming wooded homesite in the desirable Emerald Hills subdivision. Nestled just off Hart Road in Pisgah Forest, this property offers quick access to outdoor adventures in DuPont State Forest and Pisgah National Forest. A 3-bedroom septic permit is already on file but expired. The lot features a rough-cut driveway and partial clearing, saving you time and effort. With additional clearing, there’s ample potential to build and truly customize your surroundings. Go Green Builder house plans are also available with an acceptable offer, providing a head start on creating an efficient, thoughtfully two bedroom and two bathroom designed home. Or opt to create your own home design. Don’t miss this opportunity to own a peaceful retreat in a serene, natural setting—schedule your visit today.

400 Emerald Hills Drive, Penrose

$1,110,000

3 Beds ⋅ 3 Baths ⋅ 4357410 MLS

Escape to your own private mountain retreat in this stunning custom-built timber frame home overlooking the Little River Valley. Set on 2 acres MOL (additional acreage available), this thoughtfully designed 3-bedroom, 2.5 bath residence offers 3,680 sq ft of living space with breathtaking long-range views of Pisgah National Forest, Looking Glass, and sections of the Blue Ridge Parkway visible from most rooms. The bonus room over garage is heated but not counted in the heated square feet because you walk through the garage to access it. Strategically updated in 2025, the home blends rustic mountain charm with modern efficiency and durability. Comfort is unmatched with radiant in-floor heat throughout all 6,300 sq ft under roof, including both the upper and lower attached garages. Step outside to newly built decks designed for entertaining or quiet relaxation while taking in sweeping mountain views. The property also features a custom waterfall feature at the front entrance, creating a dramatic and welcoming arrival. Built with resiliency, efficiency and longevity in mind, the home includes 10-foot-tall Superior Walls on the lower level, and an impressive steel reinforced lower garage with access to the whole-house generator bunker. Nature lovers will appreciate the abundant blackberries and wild blueberries growing below the home, along with space for gardening near the 480 sq ft detached carport with 240 sq ft of enclosed storage for all of your gardening tools. A new gravel entrance from Jeter Mountain Road provides easy access to this private mountaintop escape. Best of all—NO HOA and additional acreage may be available for purchase, offering even more opportunity to expand your mountain sanctuary. This is a rare opportunity to own a private, resilient, and thoughtfully engineered mountain home with spectacular views. Property is gated with no turn around, no drive bys.

770 Dream Weaver Drive, Penrose

$289,000

4343518 MLS

Rare Riverfront Opportunity! Properties like this don’t come along often. Offering 24.17 acres with approximately 2,283 +/- feet of frontage on the French Broad River, this unique tract provides exceptional potential for recreational or investment use. With expansive river frontage and natural beauty, the property could be ideal for an RV park, tubing or outfitter business, campground, or other outdoor ventures (buyer to verify intended use). Conveniently located just 0.22 miles from the proposed Ecusta Trail, adding even more appeal for future visitors and development potential. Property is currently not zoned and is located within the flood plain. Buyer to verify all details and feasibility for intended use.

000 Valley Green Drive, Penrose

Start Your Search

“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither The M Homes Group nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .