Penrose Homes under $700,000

Welcome to Penrose, North Carolina – a hidden gem nestled in the heart of Transylvania County! Known for its breathtaking natural beauty, this charming community offers a perfect blend of serene mountain living and vibrant local culture. With the majestic Blue Ridge Mountains as your backdrop, Penrose is an outdoor enthusiast’s paradise, boasting countless hiking trails, fishing spots, and opportunities for adventure.

This quaint town is not just about stunning landscapes; it’s also a welcoming community that prides itself on its friendly atmosphere and strong sense of belonging. Residents enjoy the slower pace of life, where neighbors become friends and local events bring everyone together. With a rich history and a growing arts scene, Penrose is a place where creativity flourishes and traditions are cherished.

For those looking to make Penrose their home, you’ll be delighted to discover that the real estate market offers a variety of charming homes priced under $700,000. Whether you’re seeking a cozy cottage, a modern family home, or a spacious retreat, there’s something for everyone. These properties often feature beautiful landscaping, ample outdoor space, and easy access to the stunning natural surroundings that make this area so special.

Imagine sipping your morning coffee on a sun-drenched porch, surrounded by the sounds of nature, or enjoying a weekend hike right from your doorstep. With homes available at this price point, your dream of living in Penrose can become a reality. Come explore the possibilities and find your perfect slice of mountain paradise in Penrose, NC!

Newest Penrose Homes under $700,000

$680,000

3 Beds ⋅ 2 Baths ⋅ 4438943 MLS

Welcome to your turnkey mini-homestead! Situated on over 2 acres of gentle, usable land, this beautifully appointed 3 bedroom, 2 bathroom home seamlessly blends modern comfort with self-sustaining country living. Step inside to an airy, open concept floor plan highlighted by a welcoming living room with a cozy gas fireplace. The kitchen is designed for both everyday function and entertaining, featuring rich granite countertops, soft-close cabinetry, and ample prep space. The main level offers an expansive primary suite complete with a generous walk in closet and a spa like en-suite bath with a deep soaking tub, alongside a dedicated laundry room and an attached 2 car garage. Upstairs, discover a versatile finished flex room—ideal for a home office, bonus media lounge, hobby studio, or guest space. Outside, your self-sustaining dream property is fully realized. Enjoy peaceful mornings and evening sunsets from the covered porches, or unwind in the back porch hot tub. The grounds are fully equipped for immediate homesteading with established raised garden beds, a chicken coop, a versatile storage shed, and a dedicated outbuilding wired with power—ideal for a workshop, studio, or equipment storage. The partially fenced backyard provides safety and convenience for pets or play. Exceptional location and resilience: the property experienced no flooding from Hurricane Helene and is not located in a flood zone. A rare find offering the perfect balance of upgraded finishes, versatile space, and outdoor independence.

574 Whitener Road, Penrose

$469,000

3 Beds ⋅ 3 Baths ⋅ 4416645 MLS

A peaceful mountain retreat nestled among the trees, offering privacy, comfort, and easy living in the heart of Western North Carolina. This well-maintained home, just 14 years old, offers the appeal of a newer home with thoughtful updates and features designed for everyday enjoyment. The main level offers a desirable primary suite with a spacious bath featuring both a walk-in shower and soaking tub, along with his-and-her closets. The inviting kitchen flows into the living area, where a wood-burning fireplace creates a cozy gathering space. A convenient laundry room and half bath complete the main level. Upstairs, a flexible den/office provides space for work, hobbies, or relaxation, while two additional bedrooms and a full bath offer comfortable accommodations. Abundant closets and generous storage tucked into the upstairs eaves provide plenty of room for belongings. Recent improvements include luxury vinyl flooring added in 2024 and a new refrigerator, range, and dishwasher in 2024. The spacious deck has been recently restained and offers a wonderful place to relax, entertain, or simply enjoy the wooded surroundings and lovely views. A fenced portion of the yard provides designated outdoor space for pets. The home also features Trane heating and air systems, a radon mitigation system, spacious two-car garage, and Hardy board siding for a durable, low-maintenance exterior. The septic system was pumped in 2025. The flat driveway can accomodate several cars for ample parking outside of the two car garage. Surrounded by trees and natural beauty, this private setting offers a welcome sense of escape without sacrificing the comforts of a well-appointed home. With its combination of mountain ambiance, functional living spaces, thoughtful updates, and low-maintenance features, this is a special opportunity to enjoy the Western North Carolina lifestyle.

265 Raven Top Drive, Penrose

$234,900

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

$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

$219,900

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

$410,000

3 Beds ⋅ 2 Baths ⋅ 4397828 MLS

Come for the views. Stay for the potential. Tucked at the end of a private paved road, this mountain property offers five parcels totaling approximately 2.84 acres, a sense of privacy, and sweeping long-range mountain and valley views that are hard to duplicate. The existing home was designed around the setting, with a sunroom wrapped in windows, an open main living area, vaulted ceilings, fireplace, loft, and multiple spaces that take in the surrounding scenery. The basement adds heated space along with laundry, workshop and storage areas. This home is being sold as-is and does need significant repairs and updating, but for the right buyer, that is also the opportunity. With vision and renovation, the property could become a one-of-a-kind mountain retreat, full-time residence, or investment in a setting that would be difficult to recreate. Existing well and septic are already in place, adding valuable infrastructure. Select listing photos include clearly labeled AI renderings to help buyers visualize the possibilities; original photos are also included. 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

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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 .

Penrose Homes under $700,000

Newest Penrose Homes under $700,000

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