Date
Details
Price
Change
Source
4/02/2026
Listed
$495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$495,000
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Property Description
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.
Full Property Details
Full Property Details for 221 Toxaway Fls Dr #1
General
- Price: $495,000
- HOA FEE: $100/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Condo
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4357279
- Updated: 4/9/2026
- Added to Site: 10 day(s) ago
Interior
- Interior Features: Entrance Foyer, Open Floorplan, Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Gas Log, Gas Vented, Great Room, Propane, Gas Log, Gas Vented, Great Room, Propane
- Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Exhaust Hood, Microwave, Refrigerator with Ice Maker, Washer/Dryer
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main & Up: 2
Other Rooms
- Laundry: In Kitchen, Main Level
Additional Information
- Shared Amenities: Lake Access, Outdoor Pool
- Pool: Yes
Parking
- Parking Features: Driveway, Parking Lot, Parking Space(s)
Location
- County: Transylvania
- Subdivision: Toxaway Falls Condominium One
- Driving 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.
School Information
- Elementary School: T.C. Henderson
- Middle School: Rosman
- High School: Rosman
Community
- Assoc. Name: Toxaway Falls POA
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Central Air, Electric, Heat Pump
- Heating Type: Central, Electric, Forced Air, Heat Pump
Utilities
- Sewer: Septic Installed
- Water: Community Well
- Utility Description: Cable Available, Electricity Connected, Fiber Optics, Propane, Underground Power Lines, Underground Utilities, Wired Internet Available
Structural Information
- Architectural Style: Rustic
- Construction: Site Built
- Exterior Const.: Wood
- Roof: Architectural Shingle
- Entry Floor Number: 1
- Main/1st Level: 1,232 Sq. Ft.
- Year Built: 1981
Manufactured Home
- Land Included: Yes
Lot Features
- Street/Road Desc.: Gravel, Paved
- Elevation (Approx.): 2500
- Lot Features: Adjoins Forest, Hilly, Private, Wooded, Views, Waterfall
Water Features
- Water Front Name: Lake Toxaway
Financial Considerations
- Association Fee: $1,196
- Assoc Fee Freq.: Annually
- Other Assoc Fees: $5,433
- Other Fee Freq.: Annually
- Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Disclosures and Reports
- Restrictions: Short Term Rental Allowed, Subdivision
- Property ID: 8522-52-3554-401
- Plat: 2/223
- Lot Number: 879/482
Listed by Coldwell Banker Advantage
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Schools
Schools serving 221 Toxaway Fls Dr #1
School District:Transylvania County Schools
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 221 Toxaway Fls Dr #1
Tax History
Tax History for 221 Toxaway Fls Dr #1
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,322
134%
$483,320
220%
2023
$993
1%
$150,810
—
2021
$985
-1%
$150,810
—
2022
$993
1%
$150,810
13%
2021
$985
7%
$132,940
—
2019
$919
22%
$132,940
—
2018
$752
1%
$132,940
—
2017
$743
—
$132,940
—
2016
$740
-13%
$132,940
-24%
2015
$850
3%
$175,040
—
2013
$822
—
$175,040
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 221 Toxaway Fls Dr #1
221 Toxaway Falls Drive #1, Lake Toxaway, NC 28747 (MLS# 4357279) is a Condo property with 2 bedrooms and 2 full bathrooms. 221 Toxaway Falls Drive #1 is currently listed for $495,000 and was received on April 02, 2026. Want to learn more about 221 Toxaway Falls Drive #1? Do you have questions about finding other Condo real estate for sale in Lake Toxaway? You can browse all Lake Toxaway real estate or contact a Coldwell Banker agent to request more information.