221 Toxaway Falls Drive # 1 Lake Toxaway, NC $ 450,000
221 Toxaway Falls Drive # 1
$ 450,000
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221 Toxaway Falls Drive # 1

Lake Toxaway, NC, 28747
$ 450,000
Bedrooms2 Baths2.0 Sq 1,232

Monthly Estimate*

$ 3,108

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Condo for sale in Lake Toxaway, NC

for $450,000 with 2 bedrooms and 2 full baths. This 1,232 square foot condo was built in 1981.

There is something special about 221 Toxaway Falls Drive, Unit 1—a place where your day is the steady, meditative roar of the iconic 350-foot Toxaway Falls. This isn’t just a condo; it’s a front-row seat to one of the most breathtaking natural views in the Blue Ridge Mountains, with the lush, protected wilderness of Gorges State Park as your permanent neighbor across the gorge. Inside, the living area centers around a cozy stone fireplace, recently upgraded with a dedicated gas line—meaning effortless fires and deck-side grilling without the hassle of propane tanks. The kitchen remains in its classic, functional state with quality appliances, while the primary bathroom and bedrooms have been lightly refreshed to offer a clean, inviting feel. Designed for maximum ease and low-maintenance living, this unit seamlessly blends comfort with accessibility. While there is only one short flight of stairs to the front door, a newly installed chairlift makes transitions effortless—whether you're transporting heavy luggage, carrying in groceries, or hosting guests with limited mobility. Just a short stroll away, residents and guests can relax at the community’s heated pool, a rare and delightful mountain luxury on warm summer afternoons. For nearby residents of the Mountain Falls Luxury Motorcoach Resort, this property serves as the ultimate "guest annex." It offers your visiting friends and family their own private sanctuary with world-class waterfall views, all while keeping them right around the corner. Beyond its undeniable charm as a personal mountain retreat, this fully furnished unit is a proven performer for the savvy buyer. Currently operating as a highly successful short-term rental, it offers a true turnkey opportunity to generate immediate, lucrative income from day one. Whether you are seeking a low-maintenance mountain escape, a sophisticated guest house, or a high-demand investment property with an irreplaceable "waterfall in your backyard" appeal, Unit 1 delivers on every front. Step into your turnkey sanctuary today!

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Condo Active

Price

$ 450,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 0

Style

Year Built

1981

Town/City

Lake Toxaway

County/Region

Transylvania

MLS | Web ID

4421663

Features
General
Living Area 1232
Sewer Septic Installed
Heating Central Electric Forced Air Heat Pump
Cooling Central Air Electric Heat Pump
Utilities Cable Available Electricity Connected Fiber Optics Propane Underground Power Lines Underground Utilities Wired Internet Available
Roof Architectural Shingle
Appliances Dishwasher Electric Oven Electric Range Electric Water Heater Exhaust Hood Microwave Refrigerator with Ice Maker Washer/Dryer
HOA Fee 1196
Patio/Porch Features Covered Deck
Pool Features Heated In Ground
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Wood
Pets Allowed Yes
Year Built 1981
View Mountain(s) Water Year Round
Levels One
Unit Number 1
Property Subtype Condominium
Parcel Number 8522-52-3554-401
Elevation 2500
Community Features Lake Access Outdoor Pool
Accessibility Two or More Access Exits
HOA Fee 2 5433.44
Assoc Fee Paid Per Annually
County Transylvania
New Construction N
Property Type Residential
HOA Y
Subdivision Name Toxaway Falls Condominium One
Garage Y/N N
Full Baths 2
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 th
High School Rosman
City Lake Toxaway
Body of Water Lake Toxaway
Association Name Toxaway Falls POA
Senior Community Y/N N
Carport Y/N N
HOA Fee 2 Frequency Annually
Elementary School T.C. Henderson
Middle/Junior High School Rosman
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Short Term Rental Allowed Subdivision
Tax Assessed Value 483320
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Interior
Interior Amenities Entrance Foyer Open Floorplan Walk-In Closet(s)
Flooring Carpet Vinyl
Fireplace Features Gas Log Gas Vented Great Room Propane
Basement (Y/N) N
Window Features Insulated Window(s) Window Treatments
Fireplace Y/N Y
Above Grade Finished Area 1232
Half Baths 0
Laundry Features In Kitchen Main Level
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 1
Total Baths 2
SqFt Main 1232
SqFt Lower 0
SqFt Upper 0
Bedroom 2
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Exterior
Parking Features Driveway Parking Lot Parking Space(s)
Lot Features Adjoins Forest Hilly Private Wooded Views Waterfall
Water Source Community Well
Foundation Details Crawl Space
Road Surface Type Gravel Paved
Other Parking Parking lot with at least two parking spaces per unit.
Door Features Insulated Door(s) Sliding Doors
Road Responsibility Private Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 221
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* Excluded Features
List By
Coldwell Banker Advantage

Broker

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$3,108
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Monthly Principal & Interest
$3,108
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4109179 Elementary School
2172290 Middle School
Rosman High School High School
Pricing History
DatePricePrice ChangeDescription
9/4/2026$450,000 Listed Price

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221 Toxaway Falls Drive # 1, Lake Toxaway, NC, 28747 is a Condo for sale at $450,000 with 1,232 sqft. 221 Toxaway Falls Drive # 1 has 2 bedrooms, 2.0 baths, and was built in 1981. The property's zip code is 28747 which is in Lake Toxaway, NC