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$500,000
5 Beds ⋅ 4 Baths ⋅ 4387007 MLS ⋅ ACTIVE Status
Tucked beneath a canopy of mature trees and just minutes from charming Downtown Waynesville, this rare private estate offers a potential of 5,800+ square feet of an extraordinary opportunity to create a one-of-a-kind mountain retreat, family compound, or multi-generational living property. The main residence has been taken down to the studs and is ready for a visionary owner to bring new life to every level. Whether you're dreaming of a luxury mountain estate, private homestead, or income-producing property, the possibilities here are truly endless. Positioned above the expansive garage is a nearly completed guest house renovation featuring separate living quarters, kitchen facilities, and private access. The oversized garage is a standout feature, offering exceptional space for RV storage, multiple vehicles, recreational equipment, workshop use, hobbies, or business needs. A circular drive and generous parking areas provide convenience and flexibility for guests and gatherings alike. Enjoy the feeling of being tucked away in your own private woodland setting while remaining only moments from shopping, dining, healthcare, and all the amenities of Downtown Waynesville. Opportunities like this are seldom available—a unique estate property with room to dream, create, and make entirely your own. Buyers are encouraged to verify all improvements and intended use.

120 Stovall Street, Waynesville

Listing courtesy of Keller Williams Great Smokies. sarah@grgnc.com
$599,000
4 Beds ⋅ 4 Baths ⋅ 4366060 MLS ⋅ ACTIVE UNDER CONTRACT Status
Perched above Hot Springs with commanding long-range mountain views, this one-of-a-kind property blends character, flexibility, and income potential. The 4BR/3BA main home showcases timeless wormy chestnut woodwork, two fireplaces, and a spacious main-level primary suite opening to a covered porch—perfect for soaking in the scenery. A historic log cabin guest house with separate utilities creates an ideal setup for short-term rental or private retreat, while the large shop/RV garage offers exceptional space for storage, hobbies, or adventure gear. Situated on a double lot with additional parcels, the property provides room to expand or further maximize its income-producing potential. Located in downtown Hot Springs—a resilient and revitalizing mountain town—enjoy close proximity to the Appalachian Trail, natural hot mineral springs, and endless outdoor recreation including rafting, hiking, and biking. All within an easy drive of Asheville. Whether you’re seeking a full-time residence, mountain getaway, or investment property, this offering delivers a rare combination of lifestyle and opportunity.

169 N Serpentine Avenue, Hot Springs

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. olivia.thurmond@allentate.com

“ Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”

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