Price cut
$399,000
· 12.12 acre lot
Morgan Dr, Penrose, NC 28766
Land ·
$2,107/mo est. payment
Flood factor 1/10
About this home
Experience the pinnacle of Western North Carolina mountain living at Spirit of the Mountains, an exceptional high-elevation property offering breathtaking long-range views in both eastern and western directions. From this special mountaintop setting, enjoy expansive vistas stretching across Pisgah National Forest to the north and DuPont State Recreational Forest to the south. The homesite has already been cleared and graded, providing a beautiful, flat homesite that is ready for your future mountain retreat. Paved roads provide convenient access, while short-term rentals are allowed, offering added flexibility for those looking to create a private getaway, vacation rental, or investment property. Enjoy easy access to the charming mountain towns of Brevard, Flat Rock, and Hendersonville, while being surrounded by some of Western North Carolina's most treasured outdoor destinations. With DuPont State Recreational Forest and Pisgah National Forest nearby, endless opportunities for hiking, mountain biking, waterfalls, scenic drives, and outdoor exploration are right outside your door. Build your dream home in a setting where elevation, east- and west-facing views, a level homesite, paved roads, and short-term rental flexibility come together. This is a rare opportunity to create your own mountain sanctuary at Spirit of the Mountains!
Facts and features
Land Info
- Additional Parcels: No
- Lot Description: Wooded, Views
- Lot Size Acres: 12.123
- Lot Size Square Feet: 528078
Exterior and Lot Features
- Road Responsibility: Private Maintained Road
- Road Surface Type: Paved
Garage and Parking
- Open Parking: No
Home Features
- View: Long Range, Mountain(s), Year Round
Homeowners Association
- Association: Yes
- Association Name: Little River Ranch HOA
School Information
- Elementary School: Unspecified
- High School: Unspecified
- Middle School: Unspecified
Rental Info
- Lease Considered: No
Other Property Info
- Source Listing Status: Active Under Contract
- County: Transylvania
- Directions: Crab Creek Rd to Morgan Dr. Follow Morgan Dr all the way to the top of the mountain, driveway is already cut in at end of Cul de sac.
- Restrictions: Square Feet
- Source Property Type: Land
- Possible Use: Private Estate, Residential
- Source Neighborhood: Spirit Of The Mountains
- Parcel Number: 9515-96-3924-000
Schools
The Outdoor Academy
high · 10-11 · 2.2 mi
- 9
Brevard Academy
elementary · K-8 · 4.7 mi
- 1
Davidson River School
middle · 6-12 · 5.2 mi
Anchor Baptist Academy
elementary · K-11 · 3.5 mi
Anchor Baptist Academy
elementary · K-12 · 3.7 mi
- 7
Pisgah Forest Elementary
elementary · K-5 · 5.2 mi
Price history
- Aug 24, 2026 · Listed$399,000
- Mar 16, 2026 · Sold$275,000
- Sep 15, 2025 · Listed$299,000
- Jul 1, 2025 · Listing Removed—
- Jun 26, 2024 · Listed$349,000
- May 13, 2024 · Listing Removed—
- May 26, 2023 · Listed$399,000
- May 23, 2019 · Sold$380,000
Tax history
- 2026$947 tax · $197,130 assessed
- 2025$947 tax · $197,130 assessed
- 2023$1,124 tax · $170,850 assessed
- 2022$1,124 tax · $170,850 assessed
- 2021$1,116 tax · $170,850 assessed
- 2020$1,189 tax · $170,850 assessed
- 2019$1,180 tax · $170,850 assessed
- 2018$4,714 tax · $771,220 assessed
Home value
$561,300
- Cotality$561,300
Where it is
Listed by Kina Kilpatrick · Premier Sotheby's International Realty · CanopyMLS
