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John KurtzCharlotte · NC

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Lake Toxaway · Lake Toxaway, NC

221 Toxaway Falls Drive #1

Lake Toxaway, NC · 1,232 sqft

$475,000

Reduced from $495,000

  • 2Beds
  • 2Baths
  • 1,232SqFt
  • 1981Year
  • 44Days on market

About this home

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.

Property details

Beds
2
Baths
2
SqFt
1,232
Lot
Year built
1981
Type
Condo
Days on market
44
Style
Rustic
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

$3,595/ month

Principal & interest
$2,941
Property tax (~1.05%)
$415
Homeowners insurance
$138
HOA dues
$99

Down payment

$23,750 down · $451,250 financed

Income to qualify (28% rule)

~$154,099 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he 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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.