NOT LISTED FOR SALE

308 Island Point Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $3,438,200 - $4,816,000

4 Beds
4.5 Baths
2,698 Sq Ft
$1,492/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $3,750,000 $1,390 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $23,684/month

46 Days on Market

Highlights

  • Marina
  • Docks
  • Fitness Center
  • Lake Front
  • Golf Course Community
  • Community Lake

About This Home

As of September 2022

Situated on the original site of the historic Toxaway Inn, this magnificent 5 BR, 4 BA one level home enjoys two flat lakefront sites with sweeping views of Lake Toxaway and Toxaway Mountain and 210 feet of lake frontage. This rare, park-like setting has a large flat back and side yard overlooking the lake, private dock, boathouse, and stone steps into the lake for easy access for swimming, boating, and paddle boarding. This home is well-maintained and features a beautiful paneled great room with massive stone fireplace overlooking the lake. The kitchen opens to a charming keeping room. Extensive outdoor entertaining space overlooking one of the finest views of Lake Toxaway.

Last Agent to Sell the Property

Art Fisher

Fisher Realty Highlands Brokerage Phone: 8289669290 Listed on: 07/07/2022

Last Buyer's Agent

Art Fisher

Fisher Realty Highlands Brokerage Phone: 8289669290 Listed on: 07/07/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,516

Year Built

  • Built in 1966

Lot Details

  • 1.25 Acre Lot
  • Lake Front

HOA Fees

  • $214 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Mountain

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Workshop
  • Crawl Space
  • Dryer

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Docks
  • Deck
  • Enclosed patio or porch

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3 & 4
  • Assessor Parcel Number 8522-37-3698-000

Community Details

Overview

  • Lake Toxaway Estates Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,516

Year Built

Built in 1966

Lot Details

0

HOA Fees

$214 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.25
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: From US64, take Blue Ridge Road to left on Cold Mountain Road at the Lake Toxaway firehouse and immediate left onto Island Point Road. Follow Island Point Road to near the end and take a right. Home is on the left marked 308
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1966
  • Attribution Contact: 8289669290
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Pantry, Walk-In Closet(s), Workshop

Exterior Features

  • Lot Features: Level
  • Pool Features: Community
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Wood Siding
  • Exterior Features: Dock
  • Other Structures: Boat House
  • Patio And Porch Features: Rear Porch, Covered, Deck, Enclosed
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Two Car Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Marina, Playground, Pool, Tennis Court(s), Trails/Paths, Water Access
  • Association Fee: 2562.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 54450.0
  • Parcel #: 8522-37-3698-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 10516.0
  • Tax Lot: 3 & 4
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Sep 22, 2022
Sold by
Levy Saul M and Levy Brandi W
Bought by
Kingfish Llc
Seller's Agent
Art Fisher
Fisher Realty Highlands
Buyer's Agent
Art Fisher
Fisher Realty Highlands
List Price
$4,250,000
Sold Price
$3,750,000
Premium/Discount to List
-$500,000
-11.76%
Total Days on Market
46
Views
22
Current Estimated Value
$4,024,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,400
Avg. Annual Appreciation
2.67%
Original Mortgage
$1,650,000
Outstanding Balance
$1,576,358
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$2,448,042

Purchase Details

Closed on
Jun 23, 2005
Sold by
Allen Margaret Poer
Bought by
Inn Point Lllp
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kingfish Llc -- --
Levy Saul M $3,750,000 --
Inn Point Lllp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levy Saul M $1,650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $3,750,000 -11.8% $1,390 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $4,250,000 -- $1,575 / Sq Ft
Source: Highlands-Cashiers Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,542 $1,601,390 $1,250,000 $351,390
2023 $10,542 $1,601,390 $1,250,000 $351,390
2022 $10,595 $1,601,390 $1,250,000 $351,390
2021 $10,517 $1,601,390 $1,250,000 $351,390
2020 $12,053 $1,722,900 $0 $0
2019 $11,970 $1,722,900 $0 $0
2018 $9,797 $1,722,900 $0 $0
2017 $9,687 $1,722,900 $0 $0
2016 $9,650 $1,722,900 $0 $0
2015 $8,347 $1,956,540 $1,750,000 $206,540
2014 $8,347 $1,956,540 $1,750,000 $206,540
Source: Public Records

Agents Affiliated with this Home

  • Art Fisher

    Seller's Agent in 2022

    Art Fisher

    Fisher Realty Highlands

    (828) 506-4895

    79 in this area

    194 Total Sales

    Art Fisher
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 100378

APN: 8522-37-3698-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

308 Island Point Rd, Lake Toxaway, NC

This home is located at 308 Island Point Rd, Lake Toxaway, NC 28747 since 07 July 2022 and is currently estimated at $4,024,400, approximately $1,491 per square foot. This property was built in 1966. 308 Island Point Rd is a home located in Transylvania County.

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