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!
Closed
Zestimate®
$355,000
332 Island Cove Rd, Penrose, NC 28766
2beds
1,389sqft
Single Family Residence
Built in 1950
0.74 Acres Lot
$355,000 Zestimate®
$256/sqft
$2,122 Estimated rent
Home value
$355,000
$337,000 - $373,000
$2,122/mo
Zestimate® history
Owner options
List your home for rent
$2,122/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,122/mo
Rent Zestimate®
Refinance and save
$2,062/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,062/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Propane rock fireplace
Zillow last checked:
Listing updated:
Listed by:
Catherine Craven cravenmtn@gmail.com,
Looking Glass Realty
Bought with:
Andy Rogers
Keller Williams Professionals
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: $256/sqft
- Tax assessed value: $320,480
- Annual tax amount: $153,991
- Date on market: 6/5/2026
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Sold | $355,000-2.7%$256/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4389646 Report a problem | ||
| 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 |
|---|---|---|
| 2025 | $153,991 +11645.4% | $320,480 +60.9% |
| 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
Neighborhood: 28766
Nearby homes
- $247,9003 bd1 ba1.4k sqft333 Island Cove Rd, Penrose, NC 28766Off Market
- $60,720-- bd-- ba-- sqft331 Island Cove Rd, Penrose, NC 28766Off Market
- $285,0002 bd1 ba912 sqft350 Island Cove Rd, Penrose, NC 28766Sold
- $407,6003 bd2 ba1.6k sqft37 Bye Leaf Cove Rd, Penrose, NC 28766Off Market
- $76,320-- bd-- ba-- sqft37 Bye Leaf Cove Rd, Penrose, NC 28766Off Market
- $295,2003 bd1 ba1.5k sqft1 McMahon Ln, Penrose, NC 28766Off Market
- $488,6002 bd2 ba2.1k sqft142 Moose Haven Dr, Penrose, NC 28766Off Market
- $616,2003 bd3 ba3.2k sqft420 Island Cove Rd, Penrose, NC 28766Off Market
Nearby schools
GreatSchools rating
- 7/10Pisgah Forest ElementaryGrades: PK-5Distance: 5.2 mi
- 1/10Davidson River SchoolGrades: 6-12Distance: 5.2 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$355,000
2% more
+$7,100
With Zillow Showcase(estimated)
$362,100
- North Carolina
- Transylvania County
- Pisgah Forest
- 28766
- 332 Island Cove Rd
Nearby cities
Nearby zip codes
Other Pisgah Forest Topics
