18

Penrose Homes for Sale

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  • /48

    $1,200,000

    • 3 Beds
    • 2 Baths
    • 1,680 Sq Ft

    1025 Jeter Mountain Rd, Penrose, NC 28766

    IF THIS ONE IS ON YOUR LIST, SEE IT WHILE YOU CAN. LISTING EXPIRES OCTOBER 1, 2026. 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

    Agent Photo

    Cherie Goldsmith

    Homestead Realty

    1025 Jeter Mountain Rd, Penrose, NC 28766
  • /38

    $650,000

    $24K PRICE DROP
    • Land
    • 22 Acres
    • $29,545 per Acre

    259 E Lester Ln, Hendersonville, NC 28739

    An extraordinary approx 22-acre sanctuary positioned directly across the entrance to Dupont State Forest, offering unlimited possibilities for visionary development. Whether you’re building an elite family compound, creating a high-end hospitality venture, establishing an exclusive retreat destination, a new development or a private retreat the cleared primary site and abundant secondary build

    Agent Photo

    Rebecca Lafunor

    Real Broker, LLC

    259 E Lester Ln, Hendersonville, NC 28739
  • /40

    $599,000

    New Construction $71K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,403 Sq Ft

    146 Cliff Rd, Penrose, NC 28766

    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

    Sadie Carlson Looking Glass Realty

    146 Cliff Rd, Penrose, NC 28766
  • /48

    $825,000

    • 4 Beds
    • 3 Baths
    • 2,885 Sq Ft

    202 Morgan Dr, Penrose, NC 28766

    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

    Billy Harris Howard Hanna Beverly-Hanks Brevard South

    202 Morgan Dr, Penrose, NC 28766
  • /31

    $249,900

    Pre-Foreclosure
    • 3 Beds
    • 1.5 Baths
    • 1,960 Sq Ft

    62 Kinard Ln, Penrose, NC 28766

    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,

    Gregory Sullins Asheville Realty & Associates

    62 Kinard Ln, Penrose, NC 28766
  • /4

    $29,000

    $4K PRICE DROP
    • Land
    • 1 Acre
    • $29,000 per Acre

    000 Dogwood Ln Unit E1, Penrose, NC 28766

    Tranquil and scenic Carolina mountain top living is what you will find here! This 1.00 acre level to gentle sloping lot in private Dogwood Mountain Estates is an excellent opportunity to build your forever, or a vacation home. Underground electric is already installed. Approximately 3300 ft above sea level. Located just minutes from DuPont State Forest, and the Oscar Blues Ranch as well as

    Tyler Greer Keller Williams Mtn Partners, LLC

    000 Dogwood Ln Unit E1, Penrose, NC 28766
  • /15

    $54,000

    • Land
    • 1.01 Acres
    • $53,465 per Acre

    Lot 10 Emma Bri Ln Unit 10, Hendersonville, NC 28739

    Create your own mountain retreat on this beautiful 1.08-acre homesite tucked away in the quiet surroundings of Dogwood Mountain Estates. This property offers excellent southern sun exposure with Winter mountain views of Dupont State Forest. With a build-friendly slightly sloping landscape, the property offers plenty of flexibility for designing your ideal home. Utilities are already a step ahead,

    Jaden Geor Looking Glass Realty

    Lot 10 Emma Bri Ln Unit 10, Hendersonville, NC 28739
  • /46

    $188,400

    $33K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,404 Sq Ft

    294 E Lester Ln, Hendersonville, NC 28739

    Don't miss this fantastic opportunity to own a spacious 3-bedroom, 2-bathroom doublewide manufactured home situated on a generous 1.24-acre lot. Offering plenty of room both inside and out, this property is perfect for anyone looking for peaceful country living with space to spread out. The home is move-in ready and only needs light cosmetic updates, making it an excellent opportunity to add your

    Ondria Ortiz The Brown Keys Real Estate

    294 E Lester Ln, Hendersonville, NC 28739
  • /8

    $172,500

    $14K PRICE DROP
    • Land
    • 4.99 Acres
    • $34,569 per Acre

    99999 Laura Brooke Dr, Penrose, NC 28766

    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!

    Matt Tavener Keller Williams Professionals

    99999 Laura Brooke Dr, Penrose, NC 28766
  • /5

    $23,900

    • Land
    • 30,492 Sq Ft
    • $34,143 per Acre

    000 Dogwood Dr Unit E7, Penrose, NC 28766

    Tranquil and scenic Carolina mountain top living is what you will find here! This .70 acre level to gentle sloping lot in private Dogwood Mountain Estates is an excellent opportunity to build your forever, or a vacation home. Underground electric is already installed. Approximately 3300 ft above sea level. Located just minutes from DuPont State Forest, and the Oscar Blues Ranch as well as

    Tyler Greer Keller Williams Mtn Partners, LLC

    000 Dogwood Dr Unit E7, Penrose, NC 28766
  • /12

    $53,000

    $10K PRICE DROP
    • Land
    • 1 Acre
    • $53,000 per Acre

    72 Emma Bri Ln, Penrose, NC 28766

    Nestled just 8 minutes from DuPont State Forest, world-renowned trails await! This stunning corner1-acre property offers the perfect location for your mountain escape. The gentle terrainmakes building a breeze, minimizing costs and getting your dream home underway quickly. Smart design may allow for an incredible view. Location is key! Combine convenience, tranquility, and access to the

    Taryn Hart Howard Hanna Beverly-Hanks Brevard Downtown

    72 Emma Bri Ln, Penrose, NC 28766
  • /17

    $249,900

    $4K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,070 Sq Ft

    192 Lady Bug Ln, Penrose, NC 28766

    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

    Crystal Gardner Gardner Group Realty

    192 Lady Bug Ln, Penrose, NC 28766
  • /7

    $49,900

    $25K PRICE DROP
    • Land
    • 37,461 Sq Ft
    • $58,023 per Acre

    000 Emma Bri Ln Unit F1, Hendersonville, NC 28739

    Tranquil and scenic Carolina mountain top living is what you will find here! This .86 acre level to gentle sloping lot in private Dogwood Mountain Estates is an excellent opportunity to build your forever, or a vacation home. Underground electric is already installed. Approximately 3300 ft above sea level. Located just minutes from DuPont State Forest, and the Oscar Blues Ranch as well as

    Tyler Greer Keller Williams Mtn Partners, LLC

    000 Emma Bri Ln Unit F1, Hendersonville, NC 28739
  • /23

    $139,500

    $10K PRICE DROP
    • Land
    • 1.13 Acres
    • $123,451 per Acre

    137 Bird Song Rd Unit 3, Penrose, NC 28766

    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

    Cindy Petit Petit Properties Inc

    137 Bird Song Rd Unit 3, Penrose, NC 28766
  • /11

    $60,000

    • Land
    • 1.49 Acres
    • $40,188 per Acre

    TBD Parkway View Ln Unit L1, Penrose, NC 28766

    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

    Bernadette Merriman Looking Glass Realty

    TBD Parkway View Ln Unit L1, Penrose, NC 28766
  • /5

    $42,900

    • Land
    • 1.07 Acres
    • $40,093 per Acre

    000 Emma Bri Ln Unit F9, Hendersonville, NC 28739

    Tranquil and scenic Carolina mountain top living is what you will find here! This 1.07 acre level to gentle sloping lot in private Dogwood Mountain Estates is an excellent opportunity to build your forever, or a vacation home. Underground electric is already installed. Approximately 3300 ft above sea level. Located just minutes from DuPont State Forest, and the Oscar Blues Ranch as well as

    Tyler Greer Keller Williams Mtn Partners, LLC

    000 Emma Bri Ln Unit F9, Hendersonville, NC 28739
  • /2

    $26,900

    • Land
    • 30,492 Sq Ft
    • $38,429 per Acre

    000 Dogwood Dr Unit E6, Penrose, NC 28766

    Tranquil and scenic Carolina mountain top living is what you will find here! This .70 acre level to gentle sloping lot in private Dogwood Mountain Estates is an excellent opportunity to build your forever, or a vacation home. Underground electric is already installed. Approximately 3300 ft above sea level. Located just minutes from DuPont State Forest, and the Oscar Blues Ranch as well as

    Tyler Greer Keller Williams Mtn Partners, LLC

    000 Dogwood Dr Unit E6, Penrose, NC 28766
  • /48

    $599,000

    • 3 Beds
    • 4 Baths
    • 4,260 Sq Ft

    94 Paradise Cove Rd, Penrose, NC 28766

    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

    Jeff Baucom Looking Glass Realty

    94 Paradise Cove Rd, Penrose, NC 28766

Why Live in Penrose

In the valley of the French Broad River sits Penrose, a rural Western North Carolina community on the doorstep of two popular hiking areas. “It’s not crowded,” says Christy Voso, who lives in Penrose and is a broker with Petit Properties. “You’ve ...

Penrose, Brevard, NC Home Prices vs. Nearby Neighborhoods

Penrose Etowah Rosman Balfour
Median Home Price
$391,500
$499,500
$450,000
$349,000
Median Sale Price
$380,000
-17% YoY
$449,500
-3% YoY
$364,000
+16% YoY
$335,000
-6% YoY
Avg. Price per Square Foot
$235
$252
$282
$271
Median Single Family Price
$407,500
$460,000
$390,500
$332,500
Total Active Listings
18 listings
86 listings
22 listings
10 listings
Market Conditions
8 Months of Supply
Buyer's Market
7 Months of Supply
Buyer's Market
7 Months of Supply
Buyer's Market
7 Months of Supply
Buyer's Market

Frequently Asked Questions

Is Penrose a good place to live?
Penrose is a good place to live. Penrose is considered very car-dependent and somewhat bikeable. It has a median age of 47. The average household income is $62,816 which is below the national average. College graduates make up 34.8% of residents. A majority of residents in Penrose are home owners, with 15% of residents renting and 85% of residents owning their home. A local real estate agent serving Penrose can help you decide if this neighborhood is the right one for you. Learn more on our Penrose neighborhood guide.
How much do you need to make to afford a house in Penrose?
The median home price in Penrose is $391,500. If you put a 20% down payment of $78,300 and had a 30-year fixed mortgage with an interest rate of 7.03%, your estimated principal and interest payment would be $2,090 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $90K a year to afford the median home price in Penrose. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Penrose is $63K.
What are the best public schools in Penrose?
The best public schools that serve Penrose are:
What are the best private schools in Penrose?
The best private schools that serve Penrose are:
What are the most popular zip codes in Penrose, Brevard, NC?
The most popular zip codes in Penrose, Brevard, NC include 28766, 28739, 28768, 28729 and 28792.
What are the most popular neighborhoods near Penrose, Brevard, NC?
The most popular neighborhoods near Penrose, Brevard, NC are Cedar Mountain, Zirconia, Slater-Marietta, Cliffs at Valley and Cliffs at Mountain Park.
Are home prices dropping in Penrose?
Yes, home prices in Penrose are down 27% in the last 12 months.
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