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Photo 1 of 48 — 221 Toxaway Falls Drive 1, Lake Toxaway, NC 28747
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221 Toxaway Falls Drive 1, Lake Toxaway, NC 28747

Toxaway Falls Condominium One · Transylvania County

Key Facts

2Beds
2Baths
1,232Sq Ft
1981Year Built

Description

SPECIAL BUYER INCENTIVE: The seller is offering a $10,000 concession! Use this generous credit to buy down your interest rate, cover closing costs, or add your own personal touches to the home. There is something truly special about 221 Toxaway Falls Drive, Unit 1—a place where the soundtrack of your day is the steady, meditative roar of the 350-foot Toxaway Falls. This isn’t just a condo; it’s a front-row seat to one of the most iconic views in the Blue Ridge Mountains, with the lush, protected forests of Gorges State Park as your only neighbor across the gorge. While the kitchen remains in its classic, functional state with excellent appliances, the primary bathroom has been lightly redone to offer a fresh, modern feel. The living area, centered around a cozy stone fireplace, has been updated with a dedicated gas line—meaning no propane tanks to fill for your fires or your deck-side grilling. Efficiency and ease are built right into this unit’s design. While there is only one short flight of stairs to the front door, a newly installed chairlift makes the transition effortless, whether you’re moving heavy luggage or assisting a guest with limited mobility. Just a short walk away, you can enjoy the community’s heated pool, a rare mountain luxury for those warm summer afternoons. For residents of the Mountain Falls Luxury Motorcoach Resort just up the mountain, this property serves as the ultimate "guest annex." It allows your visitors to enjoy their own private, upgraded sanctuary with world-class views while keeping them right in your neighborhood. Beyond its charm as a personal retreat, this unit is a proven performer for the savvy investor. Currently operating as a highly successful short-term rental, it offers a turnkey opportunity to step into a lucrative income stream from day one. Whether you are looking for a private mountain escape, a sophisticated overflow space for friends and family, or a high-demand investment property with a "waterfall in the backyard" draw, this fully furnished unit delivers on every front. With a $10,000 seller concession on the table, this rare mountain retreat won't last long. Step into your turnkey sanctuary today!

Property Information

Property Type

Residential

Sub-Type

Condominium

Style

Rustic

Year Built

1981

Living Area

1,232 sq ft

Zoning

None

Days on Market

83

MLS® Listing#

4357279

Property Features

Interior

Entrance FoyerOpen FloorplanWalk-In Closet(s)

Appliances

DishwasherElectric OvenElectric RangeElectric Water HeaterMicrowaveWasher/Dryer

Cooling

Central AirElectricHeat Pump

Heating

CentralElectricForced AirHeat Pump

Flooring

CarpetVinyl

Fireplace

GasGas LogGreat RoomPropane

Basement

Crawl Space

Pool

In GroundOutdoor Pool

Parking

DrivewayParking Lot

Laundry

In KitchenMain Level

Patio

CoveredDeck

Lot Features

Rolling SlopePrivateWoodedViewsWaterfall

Roof

Shingle

Windows

Window Coverings

Security

Carbon Monoxide Detector(s)Smoke Detector(s)

Utilities

Cable AvailableElectricity ConnectedPropaneUnderground Utilities

Sewer

Septic Tank

Schools

Elementary:
T.C. Henderson
Middle:
Rosman
High:
Rosman

Financial Details

HOA

$1,196 / Annually

Toxaway Falls POA

Assessed Value

$483,320

Parcel Number

8522-52-3554-401

Directions

US 64 in Lake Toxaway to Toxaway Falls Village entrance at Los Vaqueros restaurant. Bear right to the end of the parking lot; then onto Toxaway Falls Drive. Cross bridge and bear left to arrive in the parking lot for this building. Unit 1 is on the left on the lower level.

Affordability Calculator

$94,900

Estimated monthly payment

$2,525/mo

Principal $379,600 · Est. interest $529,576 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Lake Toxaway, NC

$372,302
Median Listing Price
82
Median Days on Market
2,266
Median Sq Ft
$175
Median Price / Sq Ft
565
Active Listings
  • This home’s price is 27% above the area median.
  • Its price per sq ft is 120% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Lake Toxaway, NC.

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EXIT Agents in Lake Toxaway

Carolina MLS  (Charlotte) logo

Listing Courtesy: Coldwell Banker Advantage - mikebatchelder@cbawest.com

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.

Last Updated: 2026-04-02

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Land of The Sky Association of Realtors. MLS® Listing#4357279. © 2026EXIT Realty®. All rights reserved.