Location Location! This diamond in the rough 3 bedroom 2 bath has a wonderful location off of Crab Creek Road located between DuPont State Park and Pisgah Forest National Park. This property is ready for an update and for the detached garage to be completed. The mature landscaping provides privacy and a wonderful back drop to the location. This clean solid house needs a variety of updates but it has good bones to work with overall. Soaring ceilings in the main room with a propane rock fireplace sets the tone in the open floor plan main kitchen living area. Two bedrooms with a bath and laundry/storage down the hall with the primary ensuite bath at the end provide lots of living space. The ensconced back patio is a wonderful grilling, gathering area. Come check it out!
Under contract-show
$365,000
332 Island Cove Rd, Penrose, NC 28766
2beds
1,389sqft
Single Family Residence
Built in 1950
0.74 Acres Lot
$351,100 Zestimate®
$263/sqft
$-- HOA
What's special
Propane rock fireplace
- 19 days |
- 947 |
- 74 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Catherine Craven cravenmtn@gmail.com,
Looking Glass Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4389646
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Features: Ceiling Fan(s)
- Level: Main
Bedroom s
- Features: Ceiling Fan(s)
- Level: Main
Bedroom s
- Features: Ceiling Fan(s)
- Level: Main
Bathroom full
- Level: Main
Family room
- Features: Ceiling Fan(s), Open Floorplan
- Level: Main
Kitchen
- Features: Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Open Floorplan
- Level: Main
Heating
- Electric, Heat Pump
Cooling
- Ceiling Fan(s), Electric, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Hood, Refrigerator with Ice Maker
- Laundry: Electric Dryer Hookup, Laundry Closet, Laundry Room, Main Level, Washer Hookup
Features
- Open Floorplan, Storage
- Flooring: Carpet, Tile, Wood
- Doors: Insulated Door(s)
- Windows: Insulated Windows
- Has basement: No
- Fireplace features: Family Room, Gas Log, Propane
Interior area
- Total structure area: 1,389
- Total interior livable area: 1,389 sqft
- Finished area above ground: 1,389
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage, Garage on Main Level
- Garage spaces: 3
- Details: The detached garage is not finished. It needs electric and any finishing of the other rooms attached.
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Rear Porch
- Fencing: Back Yard
Lot
- Size: 0.74 Acres
- Features: Corner Lot, Paved, Private, Sloped, Wooded
Details
- Additional structures: Other
- Parcel number: 9515989956000
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stone, Wood
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
Location
- Region: Penrose
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $263/sqft
- Tax assessed value: $320,480
- Annual tax amount: $1,311
- Date on market: 6/5/2026
- Cumulative days on market: 20 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
$351,100
$334,000 - $369,000
$1,974/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listed for sale | $365,000$263/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4389646 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,311 | $199,160 |
| 2023 | $1,311 | $199,160 |
| 2022 | $1,311 +0.8% | $199,160 |
| 2021 | $1,301 +7.3% | $199,160 +14.3% |
| 2020 | $1,213 +0.7% | $174,270 |
| 2019 | $1,204 +14.9% | $174,270 |
| 2018 | $1,048 -0.1% | $174,270 |
| 2017 | $1,049 | $174,270 |
| 2016 | $1,049 +18.4% | $174,270 -11% |
| 2015 | $886 | $195,770 |
| 2014 | $886 | $195,770 |
| 2012 | -- | $195,770 |
| 2011 | -- | $195,770 |
| 2010 | -- | $195,770 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28766
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10Pisgah Forest ElementaryGrades: PK-5Distance: 5.2 mi
- 1/10Davidson River SchoolGrades: 6-12Distance: 5.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- Transylvania County
- Pisgah Forest
- 28766
- 332 Island Cove Rd
Nearby cities
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Other Pisgah Forest Topics
