205 Frazier Street, Waynesville NC
- 3 Bed
- 1 Bath
- 952 ft2
- 0.5 ac
For Sale $169,500
Remarks:
Exceptional Development Opportunity – 4 Unit Potential in the Heart of Waynesville! Positioned on one of the largest lots on Fraser Street, this prime 0.46-acre property offers a rare chance to capitalize on location, scale, and flexibility. Located in a rapidly growing corridor just off Highway Exit 102, the site is surrounded by major retail, restaurants, and daily conveniences—including Publix, Ingles Markets, Chick-fil-A, and Starbucks—placing future residents within minutes of everything. The property includes duplex plans tailored specifically for the lot, while current zoning allows for up to four residential units, presenting strong upside for developers and investors seeking density and long-term value. Whether you choose to move forward with the existing plans or maximize the site with a larger multi-unit build, the possibilities here are substantial. An existing structure is on site and is being sold as-is, with major preliminary work already completed—including asbestos abatement and a demolition permit in place—saving valuable time and cost in the development process. This positions the property for a smooth transition into the next phase of construction. With its combination of strategic location, generous lot size, development-ready groundwork, and flexible build potential, this is a standout investment opportunity in the heart of Waynesville. Ideal for builders, developers, or investors looking to deliver high-demand housing in a thriving market.
General Information:
| List Price: | $169,500 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 952 sqft |
| Parking: | Attached Garage |
| MLS Number: | CAR4377674 |
| Subdivision: | none |
| Bathrooms: | 1 |
| Year Built: | 1960 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Hazelwood |
| Middle: | Waynesville |
| High: | Tuscola |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 06-06-2026 | Listed | $169,500 | $179 |
| 01-06-2026 | Under Contract | $599,000 | $630 |
| 10-30-2025 | Price Decrease | $599,000-7.13% | $630 |
| 09-03-2025 | Price Decrease | $645,000-5.84% | $678 |
| 07-29-2025 | Listed | $685,000 | $720 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Junaluska Elementary | 2 miles | KG-05 | 9 |
| Riverbend Elementary | 6 miles | KG-05 | 10 |
| Bethel Elementary | 6 miles | KG-05 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 205 Frazier Street, Waynesville NC | 0 mi | $169,500 | days | |
| 170 Ray Street, Waynesville NC | 0.2 mi | $125,000 | days | |
| 220 Love Lane, Waynesville NC | 0.4 mi | $399,900 | days | |
| 252 Rogers Street, Waynesville NC | 0.5 mi | $190,000 | days | |
| 12 Leap Frog Park, Waynesville NC | 0.5 mi | $300,000 | days | |
| 20 Leap Frog Park, Waynesville NC | 0.5 mi | $300,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28786
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Big Hills Real Estate LLC
205 Frazier Street, Waynesville NC is a 952 ft2 on a 0.460 acres Appraisal lot. This is for $169,500. This has 3 bedrooms, 1 baths, and was built in 1960.
Based on information submitted to the MLS GRID as of 2026-06-06 11:46:27 EST. 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. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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