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202 Morgan Drive, Penrose, NC 28766 ACTIVE 1 of 48 202 Morgan Drive, Penrose, NC 28766 — photo 2 202 Morgan Drive, Penrose, NC 28766 — photo 3 202 Morgan Drive, Penrose, NC 28766 — photo 4 202 Morgan Drive, Penrose, NC 28766 — photo 5
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$825,000 Est. $5,726/mo — Get pre-qualified
4beds 3baths 2,885sq ft 5.39acres

202 Morgan Drive · Penrose, NC 28766

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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.

Features & Amenities

Living Area2,885 Sq.Ft.
Bedrooms4
Baths3
HeatingHeat Pump, Propane
CoolingHeat Pump
FlooringCarpet, Laminate, Tile, Vinyl, Wood
FireplaceFire Pit,Living Room
AppliancesDishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Filtration System, Microwave, Refrigerator, Washer
LaundryLaundry Room, Lower Level, Main Level
StyleRanch
Year Built1994
ConstructionVinyl
RoofArchitectural Shingle
FoundationBasement
ParkingBasement, Driveway, Attached Garage
StatusActive
Lot Size5.39 Acres
Lot FeaturesCreek Front, Flood Plain/Bottom Land, Pasture, Creek/Stream, Views
SubdivisionLittle River Ranch
CountyTRANSYLVANIA
Property TypeResidential
Property SubTypeSingle Family Residence
Last UpdatedOct 9, 2026
UtilitiesPropane
SewerSeptic Installed
Water SourceWell
HOAYes — $500 / year
ElementaryPisgah Forest Elementary School
MiddleBrevard Middle School
HighBrevard High School
Presented By: Howard Hanna Beverly-Hanks Brevard South; billy.harris@allentate.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

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