NOT LISTED FOR SALE

473 Summit Ridge Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $1,661,957

5 Beds
4.5 Baths
7,255 Sq Ft
$229/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $1,400,000 $193 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,513/month

388 Days on Market

Highlights

  • Marina
  • Fitness Center
  • Built-In Refrigerator
  • Golf Course Community
  • Panoramic View
  • 2.91 Acre Lot

About This Home

As of December 2021

This +/- 8,000 sq. ft. majestic home is located on top of Toxaway Mountain with stunning, panoramic views of the Blue Ridge Mountains and Lake Toxaway. This 5 bedroom, 4 1/2 bath home is the perfect home for entertaining with its double spacious decks to enjoy the views and cool summer temperatures. The wall of glass windows allows plenty of light throughout the home. This home has many features including a spacious gourmet kitchen with separate butler/food pantry, a dining room area, three fireplaces, and a laundry room. Enjoy the double sided stone fireplace that adjoins the living room and dining area. This home features a master suite with a walk-in/roll-in shower and spa tub and walk-in closet. There are three guest bedrooms located on the lower level, a den, wet bar and small kitchenette. The fifth bedroom is located on the upper level and can be an in-law suite with its own kitchenette, an office, an art studio, or any combination of possibilities. This home is handicap accessible and has an elevator that conveniently services all three levels. The home has a three-car garage, a large cistern, a slate roof, and an expansive parking area with stone pavers. The owner has added a 48kw Kohler generator along with numerous upgrades. All of this is perfectly situated on +/- 2.91 acres. This home is truly a must see! Bring your boat, friends and children for a fun day on the lake or enjoy the numerous amenities offered at Lake Toxaway!

Last Agent to Sell the Property

Sheryl Wilson

Highlands Sotheby's International Realty Brokerage Phone: 8285268300 Listed on: 10/19/2020

Highlands Sotheby's International Realty

Last Buyer's Agent

John Heinitsh

Lake Toxaway Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,635

Year Built

  • Built in 1993

Lot Details

  • 2.91 Acre Lot
  • Steep Slope
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Lake
  • Panoramic

Home Design

  • Frame Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • Elevator
  • Wet Bar
  • Central Vacuum
  • Partially Furnished
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Home Security System
  • Dryer

Kitchen

  • Breakfast Bar
  • Double Oven
  • Propane Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Built-In Refrigerator
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Partially Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry
  • Crawl Space

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Well
  • Septic Tank
  • Cable TV Available

Additional Features

  • Handicap Accessible
  • Deck

Listing and Financial Details

  • Tax Lot TMIV-14R
  • Assessor Parcel Number 8512282343

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

$18,635

Year Built

Built in 1993

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.91
  • Road Surface Type: Paved
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Follow Hwy 64 to the entrance of Lake Toxaway Club. Stay on West Club Blvd for 2 miles to the first stop sign. Continue straight up the hill on Chestnut Trace for one mile. Turn left on Fairway Drive, then left onto Toxaway Drive. Follow Toxaway Drive all the way to the top for 1.2 miles. Turn left on Summit Ridge Rd and then left again thru the Summit Ridge gates and follow to #473 on the left.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1993
  • Attribution Contact: 8285268300
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Appliances: Built-In Oven, Built-In Refrigerator, Double Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Disposal, Ice Maker, Microwave, Propane Cooktop, Washer, Water Purifier
  • Accessibility Features: Other, Accessible Entrance
  • Has Basement: Crawl Space, Interior Entry, Partial, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Den, Gas Log, Gas Starter, Living Room, Other, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, Elevator, Jetted Tub, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Level, Partially Cleared, Steep Slope, Wooded
  • Pool Features: Community
  • View: Lake, Panoramic, Seasonal View
  • View: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Satellite Dish
  • Patio And Porch Features: Rear Porch, Deck, Front Porch, Side Porch
  • Roof: Slate

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Driveway, Garage, Three Car Garage, Garage Door Opener, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Radon Mitigation System
  • Cooling: Heat Pump, Whole House Fan, Zoned
  • Cooling Y N: Yes
  • Heating: Gas, Heat Pump, Zoned
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Sewer Applied for Permit, Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Cistern, Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Marina, Near National Forest, Playground, Pool, Tennis Court(s), Trails/Paths
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 126759.6
  • Parcel #: 8512282343
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 18635.4
  • Tax Lot: TMIV-14R
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2020
Closed on
Dec 16, 2021
Sold by
Lewis Reid D and Lewis Kimberly L
Bought by
Bonicatti Alan and Alan Bonicatti Living Trust
Seller's Agent
Sheryl Wilson
Highlands Sotheby's International Realty
Buyer's Agent
John Heinitsh
Lake Toxaway Company
List Price
$3,250,000
Sold Price
$1,400,000
Premium/Discount to List
-$1,850,000
-56.92%
Total Days on Market
388
Current Estimated Value
$1,661,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,957
Avg. Annual Appreciation
5.10%

Purchase Details

Closed on
Nov 1, 1992
Bought by
Lewis Reid D
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
Bonicatti Alan $1,400,000 None Available
Lewis Reid D $215,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $1,400,000 -56.9% $193 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
10/19/2020 10/19/20 For Sale $3,250,000 +132.1% $448 / Sq Ft
08/08/2014 08/08/14 Sold $1,400,000 -22.0% $193 / Sq Ft
08/05/2014 08/05/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $1,795,000 -- $247 / 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 $14,192 $2,155,920 $375,000 $1,780,920
2023 $14,192 $3,119,590 $375,000 $2,744,590
2022 $20,536 $3,119,590 $375,000 $2,744,590
2021 $20,380 $3,119,590 $375,000 $2,744,590
2020 $18,635 $2,677,500 $0 $0
2019 $18,502 $2,677,500 $0 $0
2018 $15,139 $2,677,500 $0 $0
2017 $14,965 $2,677,500 $0 $0
2016 $15,474 $2,778,590 $0 $0
2015 $11,738 $2,771,100 $750,000 $2,021,100
2014 $11,738 $2,771,100 $750,000 $2,021,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sheryl Wilson

    Highlands Sotheby's International Realty

    (828) 337-0706

    1 in this area

    7 Total Sales

    Sheryl Wilson
    Section Image
  • John Heinitsh

    Buyer's Agent in 2021

    John Heinitsh

    Lake Toxaway Company

    (828) 966-4260

    40 in this area

    44 Total Sales

    John Heinitsh
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 95055

APN: 8512-28-2343-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

473 Summit Ridge Rd, Lake Toxaway, NC

This home is located at 473 Summit Ridge Rd, Lake Toxaway, NC 28747 since 19 October 2020 and is currently estimated at $1,661,957, approximately $229 per square foot. This property was built in 1993. 473 Summit Ridge Rd is a home located in Transylvania County.

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