$1,136,529Average Value$713Average Price per Sq Ft66Homes For Sale
Lake Toxaway is a long-established resort area in the mountains of Western North Carolina
Lake Toxaway has been a sought-after destination for over a century. In the late 1800s, as the mountains of western North Carolina were becoming a popular tourist destination, several businessmen from Pittsburgh developed the area into a summer resort. After damming the Toxaway River, the lake became the largest privately owned lake in the state, which remains true to this day. Once the lake was complete, the area filled with inns and hotels, welcoming visitors that included Henry Ford, Thomas Edison and members of the Vanderbilt Family. Even though the lake is still privately owned, property owners within Lake Toxaway Estates or guests of The Greystone Inn are allowed access. Large lake homes with sizable plots of land and private docks are a common sight; homes off the water also have plenty of space among the pines and oaks.
“The area is beautiful with easy access to gorgeous state parks,” says Amanda Jennings Gravley, a broker with Fisher Realty. “It offers easy access to all the beauty of the outdoors that brings people to Western North Carolina.”
Comparatively higher-priced lake homes
The average home value here is over $1, and real estate prices in Lake Toxaway significantly above the national average. Within Lake Toxaway Estates, homes can range from $1.1 million to $3.5 million, with some reaching well above $10 million. Styles along the lake include chalet-style homes and new traditionals. An HOA oversees Lake Toxaway Estates, with dues contributing to the maintenance of the lake, dams and roads, along with providing snow removal and access to amenities. Homes in the surrounding area can range from $400,000 to $650,000, and architectural styles include cabins, ranch styles and modern homes. Plots of land are also available for purchase.
Gravley notes that dues will vary depending on the property size. Most residents within Lake Toxaway Estates live there part-time or are retirees, though the surrounding locale includes natives of Transylvania County who have lived in the area for generations.
The community was impacted by Hurricane Helene in 2024, but Gravely notes that the area suffered only light damage. According to maps from the State of North Carolina, the lake has a very low risk of flooding. Lake Toxaway also has a CAP Index Crime Score of 1, lower than the national average of 4.
Lake amenities, state parks and golf
Residents of Lake Toxaway Estates have access to a playground and a soccer field. The lake allows for boating, swimming and fishing. The Lake Toxaway Nature Park has a 10-acre facility for residents with an event pavilion and walking trails.
Gorges State Park has multiple hiking, horseback riding and bike trails with views of local waterfalls. Numerous hiking trails also run through Lake Toxaway. The Lake Toxaway Country Club is a private facility with an 18-hole golf course, tennis courts, a pool and a fitness center. Burlingame Country Club features a championship golf course, pool and a spa. Sapphire National Golf Club, the only public course in the region, features an 18-hole course that frequently hosts local tournaments.
Transylvania County Schools
Transylvania County Schools serves Lake Toxaway. Students start at T.C. Henderson Elementary School with a B grade on Niche and a focus on STEM courses. Brevard Middle School has a B-plus rating, and Smoky Mountain High School in Sylva has a B.
U.S. Route 64 and airport access
U.S. Route 64 runs along the southern edge of the community and connects to Interstate 26 in Hendersonville. Asheville Regional Airport is 34 miles northeast.
Dining on the lake and shopping in Brevard
The Greystone Inn has been in operation since 1915, serving higher-end brunch and dinner options with a view of the lake. Los Vaqueros Mexican Restaurant serves tacos and burritos along with steaks and seafood. Villa Amato serves pizza, sandwiches and pasta dishes.
The Historic Lake Toxaway Market sells local produce, specialty wines and other smaller grocery items. Larger grocery stores, such as Food Lion and Ingles Market, and big-box stores, including Walmart, are in Brevard. Transylvania Regional Hospital is 18 miles northeast.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Amanda Jennings Gravley,
an experienced agent in this neighborhood.
Transit
Airport
Asheville Regional
52 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Lake Toxaway
US
Homicide
2
4
Sexual Assault
1
4
Assault with Weapon
1
4
Robbery
2
4
Burglary
1
4
Motor Vehicle Theft
1
4
Larceny
1
4
Crime Score
1
4
Source: WhatIsMyCrimeRisk.com
Lake Toxaway Demographics and Home Trends
On average, homes in Lake Toxaway, Rosman sell after 127 days on the market compared to the national average of 50 days. The median sale price for homes in Lake Toxaway, Rosman over the last 12 months is $1,600,000, up 81% from the median home sale price over the previous 12 months.
Welcome to this 2023 park model home located in the highly sought-after Westridge neighborhood inside the exclusive Mountain Falls Luxury RV Motorcoach Resort.This fully furnished(few exceptions) retreat offers a perfect blend of comfort, style, and functionality making it an ideal short-term rental investment or a luxurious personal getaway. Vaulted ceilings that carry seamlessly from the living
Located in the prestigious Lake Toxaway Estates, this stunning 3 bedroom, 4.5 bath home offers refined mountain living with sweeping views and a prime golf course location. Built in 2021/22 on 1.2 beautifully landscaped acres, the home enjoys unobstructed views of Lake Toxaway Country Club's 18th green and 10th tee box. Step inside to soaring cathedral ceilings, shiplap accents, and abundant
Exceptional lot in Lake Toxaway Estates with stunning views of the golf course and Lake Toxaway. Located less than a 5 minute drive to the Lake Toxaway Country Club, this lot sits at 3,500 ft elevation and offers the utmost in privacy in a coveted location. The shape of the lot offers control of your view and existing well and expired septic permit make for a wonderful opportunity to build your
Exceptional lot in Lake Toxaway Estates with stunning views of the golf course and Lake Toxaway. Located less than a 5 minute drive to the Lake Toxaway Country Club, this lot sits at 3,500 ft elevation and offers the utmost in privacy in a coveted location. The shape of the lot offers control of your view and existing well and expired septic permit make for a wonderful opportunity to build your
Exquisite estate-like property in Lake Toxaway Estates on over 3 acres with extensive renovations, antique cabin, and lake access. Discover this unique property in a beautiful setting nestled on a large and private lot with lawn, exceptional boulder work and views to Lake Toxaway and Toxaway Mountain. The interior of the home boasts an open and inviting floor plan with double-sided stone
Interested in learning more about homes in this area?
Reach out to
Amanda Jennings Gravley,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
3,163
Median Age
53
Population under 18
19.7%
On par with the national average
23.8%
Population over 65
33.1%
Above the national average
19.1%
Finances
Median Household Income
$43,999
Significantly below the national average
$71,702
Average Household Income
$79,699
Education and Workforce
High School Graduates
83.9%
College Graduates
28.5%
Below the national average
34.1%
Advanced Degrees
9.4%
% Population in Labor Force
52.7%
Below the national average
65.1%
Weather
Annual Precipitation
54''
Average Winter Low Temperature
28°F
Average Summer High Temperature
90°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
6/ 100
Car-Dependent
Walk Score®
2/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
