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103 Cambridge Way, Waynesville, NC, 28786

2beds
1baths
640sqft
$309,900
$484price/sqft
$2,096/moest. monthly cost
$83,840/yrincome needed

About This Home

Rare Opportunity – 8.47± UNRESTRICTED Acres Near Downtown Waynesville Don’t miss this exceptional chance to own nearly 8.5 acres of unrestricted land just minutes from downtown Waynesville. Whether you're envisioning a private estate, family compound, or small development, this property offers incredible versatility and potential. Outstanding Views – Multiple potential homesites with long-range mountain views. City Water Access – A valuable utility feature that expands your building options. Renovation Opportunity – The existing home has strong bones and is ready for your vision. Finish the renovation and enjoy instant equity. With its proximity to town, natural beauty, and development potential, this is a truly rare find in a highly desirable area. Act fast—opportunities like this don’t come around often.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

8/10
Hazelwood ElementaryGrades PK-52.4 mi
4/10
Waynesville MiddleGrades 6-82.6 mi
7/10
Tuscola HighGrades 9-125.7 mi

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None
  • Laundry features: None

Bathroom Full

  • Level: Main

Bedroom S

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 640

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 640
  • Total interior livable area: 640 sqft

Kitchen

  • Level: Main

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 8614018835 & 8614015822
  • Zoning: none
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: Long Range,Mountain(s)

Lot

  • Lot size: 8.47 Acres

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Strong Wind
Ice Storm
Landslide
Tornado
Winter Weather

FEMA Declared Disasters in Haywood County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,567$18,804
Home Insurance *$118$1,416
Property Taxes $211$2,532
Electricity $200$2,405
Total$2,096$25,152
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$71,862/yr
40% on housing$62,880/yr
45% on housing$55,893/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$484This listing

vs Other Active Listings

Avg $/sqft

ZIP 28786$222
Haywood County$210

vs Homes Sold Last Month

Median $/sqft

ZIP 28786$230
Haywood County$246

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-05Price change$309,900
2025-08-06Listed for sale$349,000

For Sale by Agent

AgentKevin Hall
BrokerageColdwell Banker Advantage

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