237 Handsome Drive
About This Property
This versatile property offers the perfect blend of country living and the convenience of Spectrum Internet and Cable... set in the scenic Rabbitskin area of Jonathan Valley. With a thoughtfully updated home, multiple outbuildings, barns and workshops, and usable pasture acreage, it's ideal for those seeking a working mini-farm, creative retreat, or simply a peaceful lifestyle in the Smoky Mountain foothills. It has been a working artist's studio in the past.
The Home:
Step onto the welcoming front porch and into a bright, sunny, open great room featuring a massive stone fireplace with hearth seating. The updated kitchen boasts granite countertops, custom wood cabinetry, and stainless-steel appliances, flowing seamlessly into a spacious dining area. The main-level bedroom offers vaulted ceilings and a bay window, complemented by a full and half bath on this level.
A glass-enclosed sunroom with soaring vaulted windows opens to an expansive deck-perfect for entertaining or enjoying the tranquil views. Downstairs, a private primary suite includes a spa-like ensuite with double sinks, a large tiled shower, separate water closet, walk-in closet, and patio access with hot tub hookup. The lower level also features a second "canning kitchen", hobby/workshop space, and a large multi-purpose room ideal for a playroom, bunk space, or guest accommodations.
The Land & Outbuildings
* Historic barn with 2 horse stalls, hay storage, run-in shed, and chicken coop with fenced yard.
* Greenhouse for getting an early start in the garden.
* Large garage workshop with concrete floors, rafter storage, and attached tractor sheds
* Light-filled art studio near the home-perfect for creative pursuits.
* Additional structures include a carport, firewood shed, and second workshop area
* Fenced garden with raised beds.
* Pasture for horses or other livestock.
* 30 amp electric hook up for an RV.
* Two separate parcels of land allows for flexibility.
* A small pond and bold creek along the property add to the natural beauty and "sound effects".
* Covered front porch is an ideal resting spot, where you can hear the creek.
* Large open deck with space for dining and a seating area.
The Setting:
Originally dating back to the 1930s log cabin core, with major expansions in the 1960s, and updates in the last decade - this home blends history with modern improvements. The gently rolling acreage has been home to horses, with potential to clear more pasture if desired. The setting is serene yet convenient-just minutes to Waynesville, Asheville, and the Great Smoky Mountains at Cataloochee. This property has not been rented but could be a vacation rental Air BnB.
Amenities:
* Spectrum INTERNET and cable is available at the carport area
* Heat Pump with propane gas back up system for heat and air conditioning.
* Metal Roof
* Three drilled wells (with only one in use) and a modern 2 bedroom septic system.
* Electric Range upstairs and a propane range is down in the canning kitchen.
This unique property offers endless opportunities for farming, homesteading, or simply enjoying the mountain lifestyle at 237 Handsome Dr., Waynesville NC.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Price Decreased |
$594,000
↓ $6K
(1%) | |
| Price Decreased | |||
| Oct 18, 2025 | Price Decreased |
$599,900
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Sep 25, 2025 | Listed by Better Homes and Gardens Real Estate Heritage | $615,000 | |
| Listed by Better Homes and Gardens Real Estate Heritage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017