Lake Toxaway · Lake Toxaway, NC
221 Toxaway Falls Drive #1
Lake Toxaway, NC · 1,232 sqft
$450,000
- 2Beds
- 2Baths
- 1,232SqFt
- 1981Year
- 1Days on market
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!
Property details
- Beds
- 2
- Baths
- 2
- SqFt
- 1,232
- Lot
- —
- Year built
- 1981
- Type
- Condo
- Days on market
- 1
- Heating
- Central, Electric, Forced Air, Heat Pump
- Cooling
- Central Air, Electric, Heat Pump
- Foundation
- Crawl Space
- Flooring
- Carpet, Vinyl
- View
- Mountain(s), Water, Year Round
- HOA dues
- $1,196 / yr
Features
- Entrance Foyer
- Open Floorplan
- Walk-In Closet(s)
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$3,355/ month
- Principal & interest
- $2,786
- Property tax (~0.90%)
- $337
- Homeowners insurance
- $131
- HOA dues
- $99
Down payment
$22,500 down · $427,500 financed
Income to qualify (28% rule)
~$143,802 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.