Condominium at 221 Toxaway Falls Drive, Lake Toxaway
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$450,000

221 Toxaway Falls Drive
Lake Toxaway, NC 28747
Listed by Mike Batchelder · Coldwell Banker Advantage
Bedrooms
2
Bathrooms
2
Living area
1,232 sqft
Year built
1981

About this home

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!

Highlights

Private poolFireplace

Property details

MLS
Canopy MLS
MLS #
CAR4421663
Property type
Condominium
Subdivision
Toxaway Falls Condominium One
Status
Active
Days on market
43
On market date
September 4, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
T C Henderson
2.42 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
114
Student:teacher ratio
10.4:1
District
Transylvania County Schools
Middle
Rosman Middle
6.34 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
209
Student:teacher ratio
10.5:1
District
Transylvania County Schools
High
Rosman High
6.34 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
275
Student:teacher ratio
9.8:1
District
Transylvania County Schools

Walkability

Blended score for Lake Toxaway's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

21
Car-dependent
out of 100
EPA National Walkability Index
6.3 / 20 -- Below average walkable
Google Places amenity density
5 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Lake Toxaway, from live MLS data.

On the market 43 days -- 145 fewer days than Lake Toxaway's current average of 188 days.
For reference, the median list price across 118 active listings in Lake Toxaway right now is $467,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,860/mo
$90,000 down
$360,000 loan
Principal & interest$2,335
Property tax (est.)$375
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 4 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.