Penrose Homes with HOA

Welcome to Penrose, a charming town nestled in the heart of Transylvania County, North Carolina. Known for its natural beauty and small-town charm, Penrose offers a peaceful and serene environment for residents to call home.

Located in Transylvania County, Penrose is surrounded by picturesque landscapes, including the majestic Pisgah National Forest and the scenic French Broad River. Nature enthusiasts will find plenty of opportunities for outdoor activities such as hiking, fishing, and camping.

When it comes to real estate in Penrose, many homes are part of homeowners associations (HOAs). HOAs provide a range of benefits to homeowners, including the maintenance of common areas, amenities, and the enforcement of community rules and regulations. Living in a neighborhood with an HOA can help ensure that the community remains well-maintained and aesthetically pleasing.

In Penrose, homes with HOAs offer an added layer of convenience and peace of mind for residents. Whether it's having access to well-maintained parks, playgrounds, or swimming pools, or enjoying the peace of mind that comes with knowing your property values are protected, homes with HOAs in Penrose provide a sense of community and an enhanced quality of life.

If you're looking for a tranquil and welcoming place to call home, Penrose in Transylvania County, North Carolina, offers a perfect blend of natural beauty, small-town charm, and homes with HOAs. Explore the real estate options in Penrose and discover the joys of living in this idyllic community.

Newest Penrose Homes with HOA

$139,500

4375586 MLS ⋅ ACTIVE Status

Discover the potential of mountain living with this 1.01-acre homesite in Mountain Meadows, conveniently located just off Jeter Mountain Road in Penrose, NC. Lot 3 offers a wonderful opportunity to build your mountain getaway or full-time residence in a peaceful setting surrounded by natural beauty. Much of the groundwork is already in place, with utilities installed, driveway in place and a 2-bedroom septic permit on file—making it easier to start planning your next chapter. The property also includes two storage sheds for added functionality and convenience. Enjoy seasonal mountain views in the fall and winter, and take advantage of the excellent location just minutes from DuPont State Recreational Forest, where hiking, biking, and waterfalls await. Whether you're looking to build now or invest for the future, this property is ready to bring your vision to life.

137 Bird Song Road Unit #3, Penrose

Listing courtesy of Petit Properties Inc. cindypetitrealtor@gmail.com

$65,000

4366445 MLS ⋅ ACTIVE UNDER CONTRACT Status

Discover the perfect blend of privacy and convenience with this charming wooded homesite in the desirable Emerald Hills subdivision. Nestled just off Hart Road in Pisgah Forest, this property offers quick access to outdoor adventures in DuPont State Forest and Pisgah National Forest. A 3-bedroom septic permit is already on file but expired. The lot features a rough-cut driveway and partial clearing, saving you time and effort. With additional clearing, there’s ample potential to build and truly customize your surroundings. Go Green Builder house plans are also available with an acceptable offer, providing a head start on creating an efficient, thoughtfully two bedroom and two bathroom designed home. Or opt to create your own home design. Don’t miss this opportunity to own a peaceful retreat in a serene, natural setting—schedule your visit today.

400 Emerald Hills Drive, Penrose

Listing courtesy of Looking Glass Realty. bernadette@lookingglassrealty.com

$254,900

3 Beds ⋅ 2 Baths ⋅ 4337072 MLS ⋅ 1,456 SqFt. ⋅ ACTIVE UNDER CONTRACT Status

Set against the natural beauty of the mountains, 76 Gobblers Knob Road offers the perfect blend of space, privacy, and convenience. Situated on 2 peaceful acres, this 3-bedroom, 2-bath manufactured home feels like a true retreat while still keeping you close to everything that makes Western North Carolina special. Inside, the split-bedroom layout gives everyone their own space, while the open-concept living area creates an easy, welcoming flow for everyday life. Step out onto the large front deck and imagine slow mornings with coffee, evenings unwinding in the fresh mountain air, or hosting friends for a casual get-together. The land (+/- 2.091 acres) offers privacy, room to roam, and plenty of space to grow—whether that means adding on, creating a garden, or simply enjoying the location. Outdoor lovers will appreciate being just minutes from Pisgah National Forest and DuPont State Park, with downtown Brevard close by for local shops, restaurants, and community events. Etowah and downtown Hendersonville are also an easy drive, giving you the best of both small-town charm and everyday convenience. If you’re looking for a place where you can slow down, spread out, and still stay connected, this home checks a lot of boxes.

76 Gobblers Knob Road, Penrose

Listing courtesy of Petit Properties Inc. jjraines1@gmail.com

$53,000

4142025 MLS ⋅ ACTIVE Status

Nestled just 8 minutes from DuPont State Forest, world-renowned trails await! This stunning corner 1-acre property offers the perfect location for your mountain escape. The gentle terrain makes building a breeze, minimizing costs and getting your dream home underway quickly. Smart design may allow for an incredible view. Location is key! Combine convenience, tranquility, and access to the adventures you crave.

72 Emma Bri Lane, Penrose

Listing courtesy of Howard Hanna Beverly-Hanks Brevard Downtown. taryn.hart@howardhannatate.com

$29,000

3474360 MLS ⋅ ACTIVE Status

Tranquil and scenic Carolina mountain top living is what you will find here! This 1.00 acre level to gentle sloping lot in private Dogwood Mountain Estates is an excellent opportunity to build your forever, or a vacation home. Underground electric is already installed. Approximately 3300 ft above sea level. Located just minutes from DuPont State Forest, and the Oscar Blues Ranch as well as conveniently located close to Historic Hendersonville and Brevard. Seller makes no representations regarding, and it is the buyer's responsibility to determine, the property's relationship to the HOA. Please contact the HOA president, Mike Hopton (251) 402-2504 for information. *** Buyer accepts full responsibility for septic permit/soil (perc) test and any required preparation, process and fees***

000 Dogwood Lane Unit #E1, Penrose

Listing courtesy of Keller Williams Mtn Partners, LLC. tylergreerhomes@gmail.com

$26,900

3470129 MLS ⋅ ACTIVE Status

Tranquil and scenic Carolina mountain top living is what you will find here! This .70 acre level to gentle sloping lot in private Dogwood Mountain Estates is an excellent opportunity to build your forever, or a vacation home. Underground electric is already installed. Approximately 3300 ft above sea level. Located just minutes from DuPont State Forest, and the Oscar Blues Ranch as well as conveniently located close to Historic Hendersonville and Brevard. Seller makes no representations regarding, and it is the buyer's responsibility to determine, the property's relationship to the HOA. Please contact the HOA president, Mike Hopton (251) 402-2504 for information. *** Buyer accepts full responsibility for septic permit/soil (perc) test and any required preparation, process and fees***

000 Dogwood Drive Unit #E6, Penrose

Listing courtesy of Keller Williams Mtn Partners, LLC. tylergreerhomes@gmail.com

$23,900

3470132 MLS ⋅ ACTIVE Status

000 Dogwood Drive Unit #E7, Penrose

Listing courtesy of Keller Williams Mtn Partners, LLC. tylergreerhomes@gmail.com

Start Your Search

“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Real Estate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”