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

$450,000

2 Beds · 2 Baths · 1,232 Sqft

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

$450,000

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
Active1 Days on Market$365/sqftListed Sep 4, 2026MLS# CAR4421663

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

$450,000 · 2 bd · 2 ba · 1232 sqft

About This Property

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!

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

PoolHeated, In Ground
ExteriorWood
FoundationCrawl Space
RoofArchitectural Shingle

Financial

List Price$450,000
HOA/Maintenance$1,196/yr
HOA Fee 2$5,433/yr
Original Price$450,000

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# CAR4421663

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 09/20/2026, 03:18:00 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.

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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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