It is set overlooking the Tombigbee River on a small portion of the original plantation land.
The interior is richly decorated, with four rooms on each level opening into a central octagonal space.
It maintained a brick kiln, cotton gin, ice house and swimming pool with a bathhouse.
In later years, Waverley had its own lumber mill, leather tannery and hat manufacturing operation.
It is believed that the first American-made saddle blankets were produced at Waverley and the first fox hunt association was formed in the mansion's library in 1893.