221 Toxaway Falls Drive, Lake Toxaway NC
- 2 Bed
- 2 Bath
- 1232 ft2
For Sale $495,000
Remarks:
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.
Interior Features:
Entrance Foyer, Open Floorplan, Walk-In Closet(s)
General Information:
| List Price: | $495,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Condominium |
| Approx Sq. Ft.: | 1232 sqft |
| Parking: | Driveway, Parking Lot, Parking Space(s) |
| MLS Number: | CAR4357279 |
| Subdivision: | Toxaway Falls Condominium One |
| Style: | Rustic |
| Bathrooms: | 2 |
| Lot Description: | Adjoins Forest, Hilly, Private, Wooded, Views, Waterfall |
| Year Built: | 1981 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | T.C. Henderson |
| Middle: | Rosman |
| High: | Rosman |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-05-2026 | Listed | $495,000 | $402 |
| 04-04-2026 | Listed | $464,900 | $378 |
| 08-19-2025 | Price Decrease | $870,000-0.57% | $707 |
| 06-03-2025 | Listed | $875,000 | $711 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| T C Henderson Elementary | 2 miles | KG-05 | 9 |
| Rosman Elementary | 6 miles | KG-05 | 8 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 221 Toxaway Falls Drive, Lake Toxaway NC | 0 mi | $495,000 | days | |
| 300 Falls View Drive, Lake Toxaway NC | 0.3 mi | $995,000 | days | |
| 30 Boulder Drive, Lake Toxaway NC | 0.5 mi | $355,000 | days | |
| 572 East Shore Drive, Lake Toxaway NC | 0.6 mi | $2,950,000 | days | |
| 68 Toxaway Point, Lake Toxaway NC | 0.6 mi | $915,000 | days | |
| 459 West Club Boulevard, Lake Toxaway NC | 1 mi | $1,108,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28747
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Coldwell Banker Advantage
221 Toxaway Falls Drive, Lake Toxaway NC is a 1232 ft2 . This is for $495,000. This has 2 bedrooms, 2 baths, and was built in 1981.
Based on information submitted to the MLS GRID as of 2026-05-05 11:25:05 EST. 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.
Properties displayed may be listed or sold by various participants in the MLS.
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