Single Family Residence at 202 Morgan Drive, Penrose
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Creek access - 202 Morgan Drive, Penrose
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Chicken Coop - 202 Morgan Drive, Penrose
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48 photos

$825,000

202 Morgan Drive
Penrose, NC 28766
Listed by Billy Harris · Howard Hanna Beverly-Hanks Brevard South
Bedrooms
4
Bathrooms
3
Living area
2,885 sqft
Year built
1994

About this home

5.39-Acre Equestrian Mini-Farm in Penrose | Updated Ranch with Barn, Fenced Pasture, Stream, & Mountain Views — 3 miles to DuPont Forest!" Not just for horses but the opportunity for Biking is exceptional. 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 in the living room. The kitchen has been remodeled and opens to a breakfast nook with plenty of room to spread out for Sunday dinner, and the main level laundry room comes with a sink and more cabinet space than most people know what to do with. Downstairs, the partially finished basement adds a fourth bedroom, full bath, family room, and a bonus space that works as an office or a rec room, your call. Upper and lower garages are both heated and cooled, and the lower level has a workshop for anyone who likes to tinker. Outside is where this property really earns the horse property name. Fenced pastures, a barn with power and water, a fenced vegetable garden, and a fire pit for evenings under the stars. Seven miles to Pisgah National Forest. Three miles to DuPont. This is the kind of setup people search for years to find.

Property details

MLS
Canopy MLS
MLS #
CAR4422581
Property type
Single Family Residence
Subdivision
Little River Ranch
Status
Active
Days on market
20
On market date
September 16, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
2
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

ElementaryCharter
Brevard Academy
4.24 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
409
Student:teacher ratio
17.0:1
District
Brevard Academy
Middle
Brevard Middle
5.97 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
514
Student:teacher ratio
12.0:1
District
Transylvania County Schools
High
Davidson River School
4.83 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
77
Student:teacher ratio
8.6:1
District
Transylvania County Schools

Walkability

Blended score for Penrose's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

19
Very car-dependent
out of 100
EPA National Walkability Index
5.0 / 20 -- Least walkable
Google Places amenity density
10 / 100
Restaurants & cafes0
Grocery stores1
Parks0
Schools1
Transit stops0
Pharmacies0

Mortgage calculator

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Est. monthly payment
$5,118/mo
$165,000 down
$660,000 loan
Principal & interest$4,281
Property tax (est.)$688
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 16 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.