$1,166,176Average Value$707Average Price per Sq Ft64Homes 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.
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.
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.
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.
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.
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
Are you familiar with the Lake Toxaway neighborhood?
to let others know what life in this neighborhood is like.
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 136 days on the market compared to the national average of 53 days. The median sale price for homes in Lake Toxaway, Rosman over the last 12 months is $1,750,000, up 52% from the median home sale price over the previous 12 months.
Spectacular, 48.91 +/- parcel in Lake Toxaway Estates adjoining the Toxaway River greenway with elevated view over Lake Cardinal and Lake Toxaway. This magnificent property features paved frontage with power to the property, multiple building sites, and is just minutes from the Lake Toxaway Country Club, marina, and Greystone Inn. This rare opportunity allows four residential building sites with
Beautiful 1.02-acre lot in Lake Toxaway Estates with potential lake views. Located at the end of a private street in one of Western North Carolina’s most prestigious communities, this property offers privacy, serenity, and access to Lake Toxaway—the state’s largest private lake. Enjoy nearby fishing, boating, hiking, and walking trails in a peaceful mountain setting. The lot has been recently
Absolutely exquisite, fully renovated, move-in ready 3 BR, 4.5 BA custom home on Toxaway Mountain with a breathtaking view of Lake Toxaway and 70-mile views of the surrounding mountains. This meticulously crafted home features a large great room with stone fireplace, an open, light-filled plan, a gourmet kitchen with LaCornue range and SubZero refrigerator, a generous butler's pantry with
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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.
