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The Waynesville Overlook

BANK OWNED! 204 Acres of Land in Haywood County NC


This bank-owned/REO property is a one-of-a-kind, expansive 204.5-acre land tract located immediately north of and overlooking downtown Waynesville. There are excellent nighttime views of the twinkling lights of Waynesville's quaint Main Street downtown area as well as awesome daytime mid-range and long-range mountain views and views of Lake Junaluska. The property has excellent potential for a combination of both 1) commercial development at the lower elevations where the topography is gentle and 2) low-density residential development at the mid- and upper- elevations.

Land Attributes | Details on this Waynesville land tract include:

  • Elevation range from a low of 2,800 feet to a high of 3,900 feet
  • Orientation arcs from the east to the southeast to the south
  • Majority of the acreage is comprised of a combination of old-growth and new-growth hardwoods
  • Views of Lake Junaluska to the east, downtown Waynesville to the south, mid-range and long-range mountain views in a 90-degree arc
  • Ridgeline at the top of the property offers incredible views
  • Existing logging trails offer excellent access for property tours and conversion to either development roadway infrastructure or hiking/mountain-biking/nature trails
  • Elongated finger ridges and potential build sites balanced throughout the property
  • Additional 39-acre site abutting and below the southeastern border with excellent topography may also be available for purchase
  • City water and sewer are both available
Development/Usage Possibilities | The acreage holds potential for a variety of uses, including:

  • Commercial and higher-density residential development are both excellent options at the lower and more gently sloping elevations
  • Lower-density residential development is the focal point for the higher elevations
  • Conservation is a distinct possibility for the entire track or a combination of conservation at the upper elevations and development at the lower elevations
  • A private family compound/estate is also a very feasible alternative
  • Eco-development
  • Recreation/Park
Location | This 204-acre tract offers a convenient location:

  • Situated within the town limits of Waynesville, NC
  • Frontage along service/access road that is parallel with NC Hwy 74/23
  • Immediate access to NC Hwy74/23 at Exit 102
  • I-40 is 5 minutes to the east
  • I-26 is 30 minutes to the east
  • Five minutes to the Medwest Regional Medical Center
  • Five minutes to Lake Junaluska
  • Less than five minutes to downtown Waynesville
  • 35 minutes to downtown Asheville
  • 45 minutes to the Asheville Regional Airport
MLS | North Carolina Mountains MLS 570840
Price | Offered at $2,450,000
Contact | For details, please contact Bill May or Michael Posey.

Email Bill
or call Bill at
Office: 828.694.1558
Cell: 828.506.8701

Email Michael
or call Michael at
Office: 828.694.1558
Cell: 828.545.8200

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