
221 Toxaway Falls Drive 1, Lake Toxaway, NC 28747
Toxaway Falls Condominium One · Transylvania County
Key Facts
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
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Pool
Parking
Laundry
Patio
Lot Features
Roof
Windows
Security
Utilities
Sewer
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.
Location
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Points of Interest in Lake Toxaway, NC
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 30 Blackgum Court, Spring Lake, NC | $332,808 | 4 | 3 | 1,981 |
| 30 Blackgum Court, Spring Lake, NC | $332,808 | 4 | 3 | 1,981 |
| 200 Hallow Oak Street, Spring Lake, NC | $335,000 | 5 | 3 | 2,368 |
| 200 Hallow Oak Street, Spring Lake, NC | $335,000 | 5 | 3 | 2,368 |
| 182 Crabapple Lane, Lake Waccamaw, NC | $335,000 | 3 | 2 | 1,350 |
| 82 Pine Hawk Drive, Spring Lake, NC | $335,500 | 3 | 3 | 2,304 |
Moving Cost Estimate
EXIT Agents in Lake Toxaway
Listing Courtesy: Coldwell Banker Advantage - mikebatchelder@cbawest.com
Last Updated: 2026-04-02
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