Single Family Residence at 507 Utah Mountain Road, Waynesville
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$398,000

507 Utah Mountain Road
Waynesville, NC 28785
Listed by Bruce McGovern · McGovern Property Management, Inc.
Bedrooms
3
Bathrooms
3
Living area
1,536 sqft
Year built
1997

About this home

Opportunity awaits in beautiful Maggie Valley with views, views, and more views! This versatile multi-family mountain home offers two separate living units, current rental income, multiple living spaces, and excellent flexibility for investors, full-time residents, or buyers seeking a live-in/rent-out option. Conveniently located approximately 2.5 miles from I-40, 30 minutes to Asheville, and close to Great Smoky Mountains National Park, the property provides easy access to area attractions while maintaining inviting mountain-area appeal. The upper unit features a comfortable living room with fireplace, kitchen, primary bedroom, and full bath on the main level, plus an upper level with an additional bedroom, bonus room with closet, and another full bath. The fully finished lower-level apartment includes a separate entrance, living room with gas fireplace, kitchen, bedroom with closet, full bath, and stackable washer and dryer. Enjoy the mountain setting from two covered decks, with plenty of parking and a large yard. The lower unit is currently tenant-occupied at $1,100 per month with electric and water included. Upstairs has been recently rented for $1900 per month. Recent flooring upgrades have been completed on the main and upper levels, adding to the home’s appeal. A great opportunity for buyers seeking income potential, flexible living arrangements, cash flow today, and room for future plans.

Highlights

Fireplace

Property details

MLS
Canopy MLS
MLS #
CAR4416191
Property type
Single Family Residence
Subdivision
Horning
Status
Active
Days on market
1
On market date
August 25, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Jonathan Valley Elementary
1.67 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
397
Student:teacher ratio
14.2:1
District
Haywood County Schools
Middle
Waynesville Middle
4.53 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
767
Student:teacher ratio
14.5:1
District
Haywood County Schools
High
Haywood Early College
5.04 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
191
Student:teacher ratio
23.9:1
District
Haywood County Schools

Walkability

Blended score for Waynesville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

21
Car-dependent
out of 100
EPA National Walkability Index
7.0 / 20 -- Below average walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Waynesville, from live MLS data.

On the market 1 days -- 190 fewer days than Waynesville's current average of 191 days.
For reference, the median list price across 610 active listings in Waynesville right now is $310,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,547/mo
$79,600 down
$318,400 loan
Principal & interest$2,065
Property tax (est.)$332
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated August 26, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.