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  4. 221 Toxaway Falls Drive #1
221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747 - Photo 1

$495,000

2 Beds · 2 Baths · 1,232 Sqft

Active
221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747 - Photo 1

$495,000

2 Beds · 2 Baths · 1,232 Sqft

Active
221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747 - Photo 2
221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747 - Photo 3
221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747 - Photo 4
221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747 - Photo 5
Active13 Days on Market$402/sqftListed Apr 2, 2026MLS# CAR4357279

221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747

$495,000 · 2 bd · 2 ba · 1232 sqft

About This Property

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 tastefully redone to offer a fresh, modern feel. The living area, centered around a 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 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.

Location

221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747

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Property Details

Overview

Property TypeCondominium
Year Built1981
Stories/LevelsOne

Interior

Bedrooms2
Bathrooms (Full)2
Total Rooms8
Sqft1,232
HeatingCentral, Electric, Forced Air, Heat Pump
Cooling / A/CCentral Air, Electric, Heat Pump
FlooringCarpet, Vinyl

Exterior

PoolIn Ground, Outdoor Pool
ExteriorWood
FoundationCrawl Space
RoofArchitectural Shingle

Financial

List Price$495,000
HOA/Maintenance$1,196/mo
Original Price$495,000

Location

Address221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747
NeighborhoodToxaway Falls Condominium One
CityLake Toxaway
CountyTransylvania
StateNC
Zip28747

Listed by Coldwell Banker Advantage · mikebatchelder@cbawest.com MLS# CAR4357279

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 04/28/2026, 10:53:16 PM. 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. Some IDX listings have been excluded from this website.

Information deemed reliable but not guaranteed. Buyer to verify all information.

Brian Jones

Brian Jones

Compass

Founder of Luxury Communities and a seasoned luxury real estate advisor in Asheville and Western North Carolina. Brian specializes in private gated communities, luxury estates, and second-home destinations, with a strategic and technology-driven approach to matching buyers with the right communities and opportunities.

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