$1,230,000
SOLD MAY 20, 2025

920 Island Cove Rd Penrose, NC 28766

3 Beds
2 Baths
1,790 Sq Ft
20.7 Acres

Recently Sold

$687 Per Sq Ft

9% Below List Price

25 Days on Market

Highlights

  • Greenhouse
  • Waterfall on Lot
  • Deck
  • Sauna
  • Open Floorplan
  • Private Lot

About This Home

As of May 2025

Nestled on 20+ acres of pure mountain beauty, this contemporary retreat embraces the outdoors with decks off every room, a large covered porch, and a private trail system. Enjoy a peaceful pond and waterfalls. Just minutes from DuPont and Pisgah National Forests, adventure is always close by. Inside, the great room stuns with gas fireplace, walls of windows and well appointed kitchen. The lower level offers two bedrooms, a bath, laundry, and a cozy family room. A detached studio with a Peloton, row machine, sauna, and a two-car garage add to the practicality. The greenhouse that is humidity controlled is something special. After a mountain bike ride, rinse off in the outdoor shower or unwind by the fire-pit—your perfect mountain escape awaits!

Last Agent to Sell the Property

Billy Harris

Allen Tate/Beverly-Hanks Brevard South Brokerage Email: Billy.harris@allentate.com License #220801 Listed on: 03/03/2025

Allen Tate/Beverly-Hanks Brevard South

Last Buyer's Agent

Bret Frk

Unique: A Real Estate Collective License #283506

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,206

Year Built

  • Built in 2019

Lot Details

  • Private Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Sauna

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Cork
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access to stream, creek or river
  • Balcony
  • Deck
  • Wrap Around Porch
  • Waterfall on Lot
  • Fire Pit
  • Greenhouse

Schools

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

Utilities

  • Central Air
  • Underground Utilities
  • Generator Hookup
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9525-06-0446-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,206

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2019
  • Restrictions: No Restrictions
  • Road Surface Type: Gravel
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 687.15
  • Geocode Confidence: High
  • Attribution Contact: Billy.harris@allentate.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Cork, Tile
  • Interior Amenities: Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 850
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 940
  • Appliances: Dishwasher, Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer
  • Other Equipment: Generator Hookup
  • Above Grade Finished Sq Ft: 1790
  • Has Basement: Other
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Vented, Great Room
  • Living Area: 1790
  • Bedroom Main: 2
  • Room Count: 1
  • Sq Ft Other: 420

Exterior Features

  • Exterior Features: Fire Pit, Outdoor Shower, Sauna
  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Waterfront Elevation: 2000
  • Construction Type: Fiber Cement, Stone, Wood
  • Other Structures: Greenhouse, Other - See Remarks
  • Patio And Porch Features: Balcony, Covered, Deck, Wrap Around

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 676
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage

Utilities

  • Heating: Ductless, Electric
  • Sewer: Septic Installed
  • Laundry Features: Mud Room, Lower Level
  • Cooling: Ceiling Fan(s), Central Air, Ductless, Electric
  • Utilities: Cable Connected, Underground Utilities
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Brevard
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Pond(s), Private, Sloped, Steep Slope, Creek/Stream, Wooded, Waterfall
  • Lot Size Area: 20.7
  • Lot Size Units: Acres
  • Parcel Number: 9525-06-0446-000
  • Plat Book Slide: 17/197, 16/765
  • Plat Reference Section Pages: 16 765
  • Additional Parcels Description: 9525-06-2063-000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: none

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Pisgah Forest
  • High School: Brevard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2025
Closed on
Apr 29, 2025
Sold by
Fowler Travis A and Fowler Mary
Bought by
Scheurer Mark and Scheurer Danielle
Seller's Agent
Billy Harris
Allen Tate/Beverly-Hanks Brevard South
Buyer's Agent
Bret Frk
Unique: A Real Estate Collective
List Price
$1,350,000
Sold Price
$1,230,000
Premium/Discount to List
-$120,000
-8.89%
Views
23
Current Estimated Value
$790,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$439,621
Avg. Annual Appreciation
-79.39%
Original Mortgage
$904,696
Outstanding Balance
$901,598
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
-$111,219

Purchase Details

Closed on
Aug 21, 2018
Sold by
Ock Properties Llc
Bought by
Fowler Travis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
4.5%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,230,000 None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $904,696 New Conventional
Previous Owner $498,000 Construction
Previous Owner $498,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Sold $1,230,000 -8.9% $687 / Sq Ft
03/03/2025 03/03/25 For Sale $1,350,000 +743.8% $754 / Sq Ft
07/28/2016 07/28/16 Sold $160,000 -19.2% --
07/01/2016 07/01/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $198,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,206 $667,240 $110,320 $556,920
2024 $2,476 $376,120 $56,300 $319,820
2023 $2,476 $376,120 $56,300 $319,820
2022 $2,476 $376,120 $56,300 $319,820
2021 $2,457 $376,120 $56,300 $319,820
2020 $2,205 $316,810 $0 $0
2019 $459 $66,430 $0 $0
2018 $400 $66,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4226204

Canopy MLS (Canopy Realtor® Association)

APN: 9525-06-0446-000