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$825,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2 Car Garage
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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.

Full Property Details for 202 Morgan Dr

General

  • Price: $825,000
  • HOA FEE: $42/month
  • HOA FEE FREQ.: Annually
  • Status: Active
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4422581
  • Updated: 10/6/2026
  • Added to Site: 51 day(s) ago

Interior

  • Fireplace(s): Fire Pit, Living Room, Fire Pit, Living Room
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Filtration System, Microwave, Refrigerator, Washer
  • Flooring: Carpet, Laminate, Tile, Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main - Full Baths: 2
  • Basement Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms-B: 1
  • Bedrooms Main & Up: 3

Other Rooms

  • Laundry: Laundry Room, Lower Level, Main Level

Additional Information

  • Equipment: Fuel Tank - Owned, Generator

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Basement, Driveway, Attached Garage

Location

  • County: Transylvania
  • Subdivision: Little River Ranch
  • Driving Directions: highway 64 to Crab Creek. Right on Morgan Drive property on the right.

School Information

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

Heating & Cooling

  • Cooling Type: Heat Pump
  • Heating Type: Heat Pump, Propane

Utilities

  • Sewer: Septic Installed
  • Water: Well
  • Utility Description: Propane

Structural Information

  • Architectural Style: Ranch
  • Construction: Site Built
  • Exterior Const.: Vinyl
  • Basement: Yes
  • Basement Desc.: Interior Entry, Partially Finished, Walk-Out Access
  • Roof: Architectural Shingle
  • Main/1st Level: 1,965 Sq. Ft.
  • Year Built: 1994

Lot Features

  • Street/Road Desc.: Asphalt, Paved
  • Elevation (Approx.): 2000
  • Lot Features: Creek Front, Flood Plain/Bottom Land, Pasture, Creek/Stream, Views
  • Fencing (Description): Chain Link, Partial

Horse Property

  • Horse Facility Desc.: Equestrian Facilities, Hay Storage, Stable(s)

Financial Considerations

  • Association Fee: $500
  • Assoc Fee Freq.: Annually
  • Terms: Cash, Conventional

Disclosures and Reports

  • Restrictions: Subdivision
  • Property ID: 9515-89-0740-000
  • Plat: 10/278
  • Lot Number: 1051-249

Listed by Howard Hanna Beverly-Hanks Brevard South

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Listing agent

— 202 Morgan Dr —

  • Howard Hanna Beverly-Hanks Brevard South

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 202 Morgan Dr

School District:Transylvania County Schools
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 202 Morgan Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2026
Listed
$825,000
20.44%
MLS
8/15/2022
Sold
$685,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 202 Morgan Dr

Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,944
—
$607,750
—
2025
$2,944
29%
$607,750
78%
2023
$2,288
2%
$340,920
—
2021
$2,234
-1%
$340,920
—
2022
$2,251
1%
$340,920
12%
2021
$2,234
6%
$303,940
—
2019
$2,108
15%
$303,940
—
2018
$1,835
—
$303,940
—
2017
$1,837
1%
$303,940
—
2016
$1,826
9%
$303,940
-3%
2015
$1,679
6%
$312,850
—
2013
$1,584
—
$312,850
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Howard Hanna Beverly-Hanks Brevard South

202 Morgan Drive, Penrose, NC 28766 (MLS# 4422581) is a Single Family property with 4 bedrooms and 3 full bathrooms. 202 Morgan Drive is currently listed for $825,000 and was received on September 16, 2026. Want to learn more about 202 Morgan Drive? Do you have questions about finding other Single Family real estate for sale in Penrose? You can browse all Penrose real estate or contact a Coldwell Banker agent to request more information.

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