5 Ladybug Dr., Waynesville, NC 28786

Is there a 3-bed bungalow in Waynesville under $150K? Yes—and it’s ready for transformation. This 1945 home offers 1,292 square feet on a deep 0.74-acre lot just minutes from Hazelwood and downtown Waynesville. With 3 bedrooms and 1 full bath, this property is being sold as part of an estate and is strictly as is. The foundation has settled in the back right corner, and the home will need extensive remodeling, system updates, and structural repair. There is no garage, but a driveway provides off-street parking. Conventional loans will not work—cash, 203K, or other rehab-friendly financing is required. There’s no HOA, and the lot offers a peaceful setting with potential for a full refresh or new vision. Zoned for Hazelwood Elementary, Waynesville Middle, and Tuscola High School in Haywood County. Just a few minutes to Walmart, restaurants, etc, and a quick drive to downtown, this is a rare chance to invest in location and land under $150K in town. Listed at $139,900. Contact us today to view and evaluate.