$1,400,000
SOLD AUG 8, 2014

473 Summit Ridge Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood
5 Beds
4.5 Baths
7,255 Sq Ft
2.9 Acres

Recently Sold

$193 Per Sq Ft

22% Below List Price

80 Days on Market

Highlights

  • Marina
  • Fitness Center
  • Panoramic View
  • Golf Course Community
  • Spa
  • Built-In Refrigerator

About This Home

As of December 2021

Magnificent 7,000+ sq ft home on 2.9 ac lot with views over 3 states, 4 lakes out 70+ miles. This home is a 5/4 with an elevator and 3 car garage. The driveway is stone pavers and cistern for watering flowers. The home is across the street from a 100+ ac botanical garden/nursery and wilderness area. Home has deeded lake access to Lake Toxaway and has country club option. This home is one of the 5 best view homes in Lake Toxaway Estates. The homes is exceptionally well built. TMIII-13/14R

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,016

Year Built

  • Built in 1993

Lot Details

  • 2.9 Acre Lot
  • Steep Slope
  • Wooded Lot
  • Garden

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Lake
  • Panoramic
  • Golf Course
  • Mountain

Home Design

  • Contemporary Architecture
  • Wood Siding

Interior Spaces

  • Elevator
  • Wet Bar
  • Central Vacuum
  • Wired For Sound
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Attic Fan
  • Home Security System
  • Dryer

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Spa
  • Deck
  • Wrap Around Porch

Utilities

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

Listing and Financial Details

  • Tax Lot TMIV-13/14R
  • Assessor Parcel Number 8512-28-2343-000

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

$13,016

Year Built

Built in 1993

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.9
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Take US 64 to Lake Toxaway main entrance, follow W. Club Blvd to first stop sign, go straight on Chestnut Trace to next stop sign, turn left, then left at the fork onto Toxaway Drive. Follow Toxaway Dr to divided road, turn left onto Summit Ridge Road, second house on the left
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1993
  • Attribution Contact: 8289664260
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Built-In Refrigerator, Dryer, Dishwasher, Exhaust Fan, Disposal, Ice Maker, Microwave, Propane Cooktop, Refrigerator, Washer
  • Has Basement: Crawl Space, Exterior Entry, Finished, Heated, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Free Standing, Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Ceiling Fan(s), Central Vacuum, Elevator, Jetted Tub, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Sound
  • Window Features: Skylight(s)

Exterior Features

  • Lot Features: Partially Cleared, Steep Slope, Wooded
  • Pool Features: Community
  • View: Golf Course, Lake, Mountain(s), Panoramic
  • View: Yes
  • Waterfront Features: Deeded Access
  • Construction Type: Wood Siding
  • Exterior Features: Garden
  • Patio And Porch Features: Rear Porch, Deck, Front Porch, Porch, Side Porch, Wrap Around
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System
  • Cooling: Attic Fan, Heat Pump, Zoned
  • Cooling Y N: Yes
  • Heating: Heat Pump, Zoned
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Cistern, Shared Well

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 126324.0
  • Parcel #: 8512-28-2343-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 13016.0
  • Tax Lot: TMIV-13/14R
  • Tax Year: 2013

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
80
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 Type Sale Price Title Company
Warranty Deed $1,400,000 None Available
Deed $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: 78973

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 and is currently priced at $1,400,000, approximately $192 per square foot. This property was built in 1993. 473 Summit Ridge Rd is a home located in Transylvania County.

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