$1,550,000
SOLD OCT 29, 2018

429 Panther Ridge Lake Toxaway, NC 28747

Lake Toxaway Neighborhood
4 Beds
4.5 Baths
5,078 Sq Ft
2.61 Acres

Recently Sold

$305 Per Sq Ft

6% Below List Price

46 Days on Market

Highlights

  • Marina
  • Fitness Center
  • 2.61 Acre Lot
  • Golf Course Community
  • Lake View
  • Community Lake

About This Home

As of December 2020

An Al Platt Mountain Contemporary Masterpiece. Renovated beyond the studs in 2012, all that is left of the old house that once stood here is the spectacular lot with breathtaking lake and mountain views in two directions. The indoor living is open, fresh, light and the very definition of luxury; but comfort and relaxation are everywhere. The spacious outdoor living areas capture those views and give you a covered, screened outdoor living room, dining room, fireplace and tv viewing area that make it hard to find reasons to go inside. The seller is a professional designer whose artistic touch and eye for style and quality are felt in every corner of this magnificent house. An elevator seamlessly connects the levels. For the right contract price, sellers will leave some furniture. This house was on the market a few years ago for over 2 million. This is a rare opportunity at this price. Lake Toxaway Estates is a lovely, established mountain community built around North Carolina's largest private lake. Membership to Lake Toxaway Country Club is per application and gives access to all the amenities of the community.

Last Agent to Sell the Property

Susan Chambers-Roemisch

Lake Toxaway Company Brokerage Phone: 8289664260 Listed on: 07/24/2018

Last Buyer's Agent

Chip Freeman

Lake Toxaway Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,180

Year Built

  • Built in 1993

Lot Details

  • 2.61 Acre Lot
  • Garden

Parking

  • 2 Car Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Wood Roof
  • Wood Siding

Interior Spaces

  • Elevator
  • Furnished or left unfurnished upon request
  • Wired For Sound
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Screened Porch
  • Home Security System
  • Dryer

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Outdoor Fireplace
  • Fire Pit

Utilities

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

Listing and Financial Details

  • Tax Lot PR13R
  • Assessor Parcel Number 8513-74-3256-000

Community Details

Overview

  • Property has a Home Owners Association
  • 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

$7,180

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.61
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: -From Cashiers, Hwy 64 pass main entrance to Lake Toxaway Estates to a left on Hwy 281 N. Follow until you see the firehouse on the right. Then take a left onto Cold Mt Rd where the sign says Lake Toxaway Estates. Continue 1 1/2 miles to Panther Ridge Road on the right. 429 is about 3/4 mile on your left. Lot 13R Block PR.
  • Architectural Style: Contemporary, Tri-Level
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1993
  • Attribution Contact: 8289664260
  • Special Features: None

Interior Features

  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Disposal, Gas Oven, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Gas Starter, Living Room, Outside
  • Fireplace: Yes
  • Flooring: Stone, Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Elevator, Kitchen Island, Wired for Sound

Exterior Features

  • Lot Features: Other, Partially Cleared, Waterfall
  • Pool Features: Community
  • View: Lake, Mountain(s), Rocks
  • View: Yes
  • Waterfront Features: Deeded Access
  • Construction Type: Stone, Wood Siding
  • Exterior Features: Balcony, Fire Pit, Garden
  • Patio And Porch Features: Covered, Deck, Front Porch, Patio, Screened, Side Porch, Balcony
  • Roof: Wood

Garage/Parking

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

Utilities

  • Security: Security System
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 113691.6
  • Parcel #: 8513-74-3256-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 7180.13
  • Tax Lot: PR13R
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2023
Sold by
Karen M Webster Irrevocable Trust
Bought by
Karen M Webster Irrevocable Trust
Total Days on Market
46
Current Estimated Value
$3,101,560

Purchase Details

Listed on
Sep 8, 2020
Closed on
Dec 7, 2020
Sold by
429 Panther Ridge Llc
Bought by
Webster Karen M and The Karen M Webster Irrevocable Trust
Seller's Agent
Chip Freeman
Lake Toxaway Company
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$2,375,000
Sold Price
$2,150,000
Premium/Discount to List
-$225,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%

Purchase Details

Listed on
Jul 24, 2018
Closed on
Oct 23, 2018
Sold by
Sultan Shahid and Sultan Kelli M
Bought by
429 Panther Ridge Llc
Seller's Agent
Susan Chambers-Roemisch
Lake Toxaway Company
Buyer's Agent
Chip Freeman
Lake Toxaway Company
List Price
$1,649,000
Sold Price
$1,550,000
Premium/Discount to List
-$99,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.69%

Purchase Details

Closed on
Jul 22, 2010
Sold by
Rossman Irving
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 1, 1993
Bought by
Sultan Shahid and Sultan Kelli M
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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $2,150,000 None Available
Warranty Deed $1,550,000 None Available
Trustee Deed $394,202 None Available
Deed $67,700 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,148,000 Commercial
Previous Owner $417,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $2,150,000 -9.5% $423 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $2,375,000 +53.2% $468 / Sq Ft
10/29/2018 10/29/18 Sold $1,550,000 -6.0% $305 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $1,649,000 -- $325 / 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 -- $1,921,410 $300,000 $1,621,410
2023 $12,649 $1,921,410 $300,000 $1,621,410
2022 $12,280 $1,865,350 $300,000 $1,565,350
2021 $12,186 $1,865,350 $300,000 $1,565,350
2020 $8,941 $1,284,690 $0 $0
2019 $8,877 $1,284,690 $0 $0
2018 $7,264 $1,284,690 $0 $0
2017 $7,180 $1,284,690 $0 $0
2016 $7,154 $1,284,690 $0 $0
2015 -- $835,030 $300,000 $535,030
2014 -- $835,030 $300,000 $535,030
Source: Public Records

Agents Affiliated with this Home

  • Chip Freeman

    Seller's Agent in 2020

    Chip Freeman

    Lake Toxaway Company

    (828) 712-6446

    50 in this area

    53 Total Sales

    Chip Freeman
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member

    NON-MEMBER OFFICE

  • S

    Seller's Agent in 2018

    Susan Chambers-Roemisch

    Lake Toxaway Company

    (828) 966-4260

    6 in this area

    8 Total Sales

    Susan Chambers-Roemisch
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 89007

APN: 8513-74-3256-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

429 Panther Ridge, Lake Toxaway, NC

This home is located at 429 Panther Ridge, Lake Toxaway, NC 28747 and is currently priced at $1,550,000, approximately $305 per square foot. This property was built in 1993. 429 Panther Ridge is a home located in Transylvania County.

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