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    501 Spellbound Rd Waynesville, NC 28785

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    For Sale
    $35,000

    1.11-acre wooded homesite in a peaceful gated mountain community.

    Property Features for 501 Spellbound Rd

    General Information

    Standard status
    Active

    Source: BETTER HOMES AND GARDENS REAL ESTATE HERITAGE Agent THOMAS MALLETTE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Homesite in Gated Community

    Lot 501 in Cataloochee Ranch Estates is a 1.11-acre wooded homesite located in a gated mountain community. The lot features a gentle slope and easy access from a maintained gravel road, providing a suitable building site without requiring a steep driveway. The land is heavily wooded, offering natural privacy and potential mountain views with selective clearing. A shared well is accessible. Covenants and restrictions require a minimum build of 1,200 sq ft. The property is located minutes from Maggie Valley, Waynesville, and outdoor adventures on the Blue Ridge Parkway. A septic evaluation will be needed.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Spa & Massage Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesville
    County
    Haywood
    State
    North Carolina
    Longitude
    -83.0492147
    Latitude
    35.5937405

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    FAQs

    What type of property is this?
    Land - 1.11-acre wooded homesite in a peaceful gated mountain community.
    Where is this land located?
    The property is located at 501 Spellbound Rd Waynesville, NC.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - 1.11-acre wooded homesite in a peaceful gated mountain community.; - Gentle slope and easy access from a maintained gravel road.; - Heavily wooded for natural privacy and potential mountain views.
    (828) 926-5200
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    501 Spellbound Rd Waynesville, NC 28785
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Spellbound Rd Waynesville, NC 28785
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