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

$249,900

3 Beds ⋅ 2 Baths ⋅ 4418956 MLS

Must See! East Facing 3BR/1.5 BA one story ranch style home with finished basement. Built in 1970 this home offers an attached single carport, screened in porch, surprising summer privacy and metal roof. Inside- the main level consists of 3 bedrooms, a full bathroom, living room, and storage closet. As you descend downstairs you enter a family room, full kitchen with breakfast bar, half bathroom, utility room with shelving, laundry room with access to lower covered porch and storage room under screen porch. Shared well. Located between Brevard and Hendersonville this home is just minutes to the DuPont State Forest and the Pisgah National Forest. Enjoy hiking, biking, waterfalls, and fishing close to home. Enjoy Mills River breweries, shopping and Asheville Regional Airport all within 30 minutes.

62 Kinard Lane, Penrose

$399,000

4417462 MLS

Experience the pinnacle of Western North Carolina mountain living at Spirit of the Mountains, an exceptional high-elevation property offering breathtaking long-range views in both eastern and western directions. From this special mountaintop setting, enjoy expansive vistas stretching across Pisgah National Forest to the north and DuPont State Recreational Forest to the south. The homesite has already been cleared and graded, providing a beautiful, flat homesite that is ready for your future mountain retreat. Paved roads provide convenient access, while short-term rentals are allowed, offering added flexibility for those looking to create a private getaway, vacation rental, or investment property. Enjoy easy access to the charming mountain towns of Brevard, Flat Rock, and Hendersonville, while being surrounded by some of Western North Carolina’s most treasured outdoor destinations. With DuPont State Recreational Forest and Pisgah National Forest nearby, endless opportunities for hiking, mountain biking, waterfalls, scenic drives, and outdoor exploration are right outside your door. Build your dream home in a setting where elevation, east- and west-facing views, a level homesite, paved roads, and short-term rental flexibility come together. This is a rare opportunity to create your own mountain sanctuary at Spirit of the Mountains!

Morgan Drive, Penrose

$60,000

4415618 MLS

This exceptional lot in Parkway View Estates is a wonderful opportunity to create your own mountain retreat in a natural, peaceful setting. This buildable parcel is ready for someone with a vision and offers the potential to begin planning your future home. The property includes an existing 3-bedroom septic, although the current condition and functionality of the system will need to be independently verified by the buyer. Enjoy the best of Western North Carolina with easy access to outdoor areas, including DuPont State Forest and Pisgah National Forest. Despite its private, natural setting, the property is conveniently located approximately 15–17 minutes from Downtown Brevard and about 30 minutes from Downtown Hendersonville, offering a comfortable balance of rural surroundings and access to town amenities. Bring your creativity and vision to this special piece of land and explore the possibilities of building in the beautiful mountains of Western North Carolina.

TBD Parkway View Lane Unit #L1, Penrose

$599,000

3 Beds ⋅ 2 Baths ⋅ 4407814 MLS

Large price drop because the sellers are very motivated to move this property. Come see it- it's the entire puzzle of the property that warrants your attention the home being one piece of the puzzle. 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

$249,900

2 Beds ⋅ 2 Baths ⋅ 4404991 MLS

MOTIVATED SELLER! Enjoy the best of both counties from this beautifully maintained 2-bedroom, 2-bath home, ideally positioned near the Henderson County line—offering convenient access to Hendersonville without the higher Henderson County property taxes. Tucked among the peaceful rolling hills of Penrose, the home rests on a gently sloping, beautifully landscaped 0.49-acre lot that provides mountain tranquility without difficult terrain or demanding upkeep. Built on a permanent foundation, the home also features an installed crawl-space moisture barrier for added protection and peace of mind. Inside, abundant natural light, an inviting open layout, and a cozy propane fireplace create a warm, comfortable setting for everyday living and entertaining. The primary suite offers a relaxing garden tub, while the mature landscaping provides a peaceful outdoor space to enjoy throughout the seasons. Whether you are searching for a low-maintenance primary residence, peaceful mountain getaway, or investment opportunity, this move-in-ready Penrose gem offers an appealing combination of comfort, convenience, location, and value. This convenient Transylvania County location places you approximately 15 minutes from downtown Brevard’s shops, restaurants, and breweries, while Hendersonville and Asheville Regional Airport are just a short drive away. With convenient access to both Brevard and Hendersonville—and located minutes from the waterfalls, trails, and outdoor recreation of DuPont State Recreational Forest and Pisgah National Forest—this home could also make an excellent Airbnb or mountain vacation rental. Schedule your showing today—the seller is motivated and ready to make a deal!

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

Come for the view and imagine the possibilities. Tucked at the end of a private paved road, this mountain property offers five parcels totaling approximately 2.84 acres, exceptional privacy, and sweeping long-range mountain and valley views. The existing home was designed to take advantage of the setting, with a wall of windows in the sunroom, an open main living area, vaulted ceilings, fireplace, loft, and views that stretch across the surrounding mountains and countryside. The basement provides additional heated space, laundry, workshop and storage areas. The home is being sold as-is and is in need of significant repairs and updating, making this an opportunity for a buyer ready to renovate and create something special. Existing well and septic are already in place, adding valuable infrastructure to the property. Whether you envision restoring the existing home as a private mountain retreat, full-time residence, or investment, the setting, acreage and views are increasingly hard to replicate.

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

$172,500

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

$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 .