221 Toxaway Falls Drive Unit 1
Lake Toxaway, NC, 28747
$450,000
- 2beds
- 2baths
- 1,232sq ft
- 1981year built
- $552HOA / mo
- 61days on market
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How we figured this
ZERO Closing Costs covers origination $1,300, appraisal $500, title & settlement $1,046, owner’s title insurance $1,136, credit, flood & data fees $160 and lower government recording fees & taxes $90, priced for Transylvania, NC with 20% down. Restrictions apply.

Hope Foster, REALTOR®
Your CapCenter agent · 757-274-1537
Questions? Call (804) 648-4357
About this home
- Gas fireplace
- Private pool
- Walk-in closet
- Central air
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!
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Location
Property details
Important details
- Status
- Active
- Date listed
- 9/4/2026
- Time on Market
- 61 days
- Property Type
- Condominium
- List Price
- $450,000
- Price/Sq. Ft
- $365
- Living area
- 1,232 sq. feet
- Lot Size
- None listed
- Year Built
- 1981
- County
- Transylvania
- Community
- Toxaway Falls Condominium One
- HOA
- $1,196/Annually
Interior details
- Bathrooms
- 2 Full
- Basement
- Crawl Space
- Fireplace
- Yes - Gas, Gas Log, Great Room, Propane
- Heating
- Central, Electric, Forced Air, Heat Pump
- Cooling
- Central Air, Electric, Heat Pump
- Rooms
- 8 Total, 2 Bedrooms
- Appliances
- Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Washer/Dryer
- Interior Features
- Entrance Foyer, Open Floorplan, Walk-In Closet(s)
Building & lot
Building
- Living Area
- 1,232 sq ft
- Property Type
- Condominium
- Year Built
- 1981
- Flooring
- Carpet, Vinyl
- Roof
- Shingle
Lot Info
- Parcel Number
- 8522-52-3554-401
Exterior Features
- Pool
- Yes - Heated, In Ground
Parking
- Parking Features
- Driveway, Parking Lot
- Garage
- No
Ownership
Community details
School Districts
- Elementary
- T.C. Henderson
- Middle
- Rosman
- High
- Rosman
Utilities
- Sewer
- Septic Tank
Neighborhood
- Subdivision
- Toxaway Falls Condominium One
- HOA
- $1,196/Annually
- Zoning
- None
Taxes & Assessment
- Tax Assessed Value
- $483,320
Listing information
Realty Agent
Listing Details
- Service
- Full Service
- MLS System
- CMLS
- MLS ID
- 4421663
- MLS Status
- Active
Listed by: Coldwell Banker Advantage
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Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time.

