Land with Home for Sale in Penrose, North Carolina

Perched atop nearly 5 unrestricted acres in the highly sought-after Penrose/Little River area, this one-of-a-kind mountain retreat offers breathtaking 180-degree long-range views stretching across the Blue Ridge Parkway from Mount Pisgah to Hogback Mountain. Framed perfectly from the kitchen window, iconic Looking Glass Rock serves as the centerpiece of the ever-changing mountain panorama, creating a view that feels like a living work of art throughout the seasons. Thoughtfully designed and built by the current owners, this property combines breathtaking natural beauty, privacy, flexibility, and future potential. The 1,680-square-foot home features 3 bedrooms, 2 baths, and a floor plan intentionally positioned to capture the views from the living room, kitchen, office, and primary bedroom. A full masonry fireplace anchors the living room, while a second masonry fireplace highlights the full unfinished basement, offering abundant storage, workshop space, and future expansion possibilities. Meticulously maintained by its original owners, the home reflects years of thoughtful stewardship and ongoing improvements. Recent updates include a new roof, freshly re-stained cedar siding, newer bedroom carpet, hickory hardwood flooring, granite countertops, stainless steel appliances, and numerous other enhancements throughout. The remaining opportunities to personalize the home are primarily cosmetic, allowing the next owner to add their own vision while enjoying a property that has been carefully cared for and improved over time. Outside, years of careful landscaping have created a remarkable setting featuring impressive boulder retaining walls, stone steps, mature plantings, and countless areas to enjoy the mountain scenery. The property consists of two parcels totaling 4.794 acres and includes infrastructure rarely found in a single offering. In addition to the home's well and 3-bedroom septic system, the second parcel includes two established campsites with water, septic, and utility access. Previously operated as a successful vacation rental and later as a 55+ campground, this area offers possibilities for guest accommodations, income potential, a future homesite, or multigenerational living. The property also benefits from two wells, two septic systems, a potential additional homesite, and a former pond site that could potentially be restored. Despite surrounding properties having restrictions, this nearly 5-acre offering is completely unrestricted. Conveniently located just one mile up Jeter Mountain Road on a paved, easy-access mountain road, the property is less than eight miles from both DuPont State Recreational Forest and Pisgah National Forest, placing world-class hiking, waterfalls, mountain biking, and outdoor recreation practically at your doorstep. Rarely does a property combine extraordinary long-range views, unrestricted acreage, multiple homesite possibilities, existing utility infrastructure, and a premier Penrose location in a single offering. This is a unique opportunity to own an irreplaceable piece of Transylvania County.