Waynesville Luxury Estate & Cottages
Luxury Estate | Multiple Income Streams | Walkable to Waynesville Inn & Golf Club | Premier Western
Marketing description
A rare find in the heart of Waynesville, this updated historic home offers space, comfort and strong investment potential. Located near the Waynesville Inn and Golf Club, the property is ideal for a large family, multigenerational living or short-term rental use. Set on 1.55 acres, the home features a flat yard, mature landscaping, privacy fencing for pets, beautiful Balsam Mountain views and a peaceful creek. There is also space for an RV, with electric and water hookups already in place. Inside, the main home offers a formal foyer, updated eat-in kitchen, butler’s pantry, formal dining room and a large wormy chestnut living room with a fireplace. The main level includes five spacious bedroom suites. The lower level has private guest quarters with a separate entrance, along with a large family room or recreation area with a gas fireplace. Additional features include a golf cart garage, a large two-car garage and plenty of parking. The property also offers room to add another garage, guest quarters or rental cottages. A major bonus is the separate Airbnb-style cottage space under one roof. Each cottage includes a full kitchen, dining area, living room and bedroom suite, creating excellent income potential or extra space for guests. This is a unique Waynesville property with room to live, host, invest and enjoy the best of mountain living.
An exceptional Western North Carolina investment opportunity combining luxury residential living with multiple income-producing accommodations. This 6,647± square-foot estate features a beautifully updated main residence, separate guest quarters, and two detached Airbnb-style cottages on 1.55 acres within walking distance of the Waynesville Inn & Golf Club. With multiple revenue streams, expansion potential, recent renovations, and one of the area's premier locations, the property offers investors a rare combination of immediate income potential and long-term appreciation in one of the Southeast's most desirable mountain destinations
Updates in 2026 include kitchen remodel, new kitchen appliances, 3 New Mini Splits in upstairs bedrooms, 4 New Bathroom Vanities (upstairs), Replaced both Ceiling Fans in Living Room, All New Carpet, Painted all interior walls inside house (upstairs), Replaced Ceiling Fan downstairs bedroom, Waterproofed all exposed brick on house, Installed cabinets in Garage. In 2025, a new roof. Neither home or cottages are in the flood plain per GIS. A portion of the property on the Ninevah Road side is in the flood plain. Power to both properties is Duke. Propane is Blossman. Buried tank at main home is owned. Cottage tanks above ground are leased. Spectrum is internet provider. Haywood County Tax for both properties is $6350.95. Town of Waynesville tax is $5339.90
Investment highlights
Rare Multi-Income Opportunity – Exceptional estate featuring a 6-bedroom main residence plus two fully equipped detached guest cottages, creating multiple revenue opportunities through short-term rentals, executive housing, corporate retreats, or multigenerational living.
Turnkey Short-Term Rental Potential – Separate cottages offer private accommodations with full kitchens, living areas and bedroom suites, allowing owners to generate immediate rental income while maintaining privacy in the primary residence, currently over $60,000 a year.
Premier Waynesville Location – Walking distance to the renowned Waynesville Inn & Golf Club and just minutes from downtown Waynesville's restaurants, breweries, shopping and year-round tourism.
Strong Tourism Market – Positioned in one of Western North Carolina's most desirable mountain destinations with consistent demand driven by the Blue Ridge Parkway, Great Smoky Mountains National Park, outdoor recreation and seasonal events.
Value-Add Expansion Potential – Large 1.55-acre parcel with ample parking, RV hookups and additional space that may accommodate future guest cottages, garages or other improvements (subject to local approvals).
Flexible Exit Strategies – Ideal for investors seeking a luxury vacation rental portfolio, boutique inn, executive retreat, family compound, corporate housing, or owner-occupied investment property.
Recent Capital Improvements – Numerous recent updates including remodeled kitchen, new appliances, mini-split HVAC systems, new carpeting, bathroom updates and interior improvements reduce near-term capital expenditures.
Exceptional Parking & Accessibility – Circular drive, oversized two-car garage, golf cart garage, RV parking with utility hookups and abundant guest parking support both residential and hospitality uses.
Privacy with Urban Convenience – Mature landscaping, fenced pet area, creek frontage and long-range mountain views provide a resort-like setting while remaining within the city limits with public water and sewer.
High-End Asset in Limited Supply – Large estates with detached income-producing cottages in downtown Waynesville's luxury market are exceptionally scarce, providing long-term appreciation potential alongside cash-flow opportunities.
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