576 Faraway Hill Lake Toxaway, NC 28747
Lake Toxaway NeighborhoodEstimated payment $1,261/month
Highlights
- Wood Burning Stove
- Cottage
- 2 Car Attached Garage
- No HOA
- Circular Driveway
- Laundry in Utility Room
About This Home
Welcome to 576 Far Away Hills, Lake Toxaway, NC — a true handyman special / investor special nestled on a 0.72-acre wooded lot adjoining Pisgah National Forest. This mountain retreat offers 2 bedrooms, 2.5 baths, and over 1,046 sq ft of main-level living, blending rustic charm with endless potential. The living room features expansive windows that bring in natural light and frame the serene forest surroundings. A wood-burning stove adds cozy character, while each bedroom includes a private ensuite bath. The spacious kitchen with dining area is ready for updates, making this property a value-add opportunity for buyers looking to customize. Outdoor living is a highlight, with a covered porch and deck perfect for indoor-outdoor entertaining. While the interior is in good condition, the exterior offers room for improvement — ideal for those seeking a fix-and-flip project, rental investment, or mountain getaway renovation. Located in the heart of Lake Toxaway, this property provides easy access to hiking trails, waterfalls, and outdoor recreation, while still being close to local dining and shopping.
Listing Agent
RE/MAX Executive Brokerage Email: tina.white@remax.net License #282035 Listed on: 11/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $563
Year Built
- Built in 1968
Lot Details
- Property is zoned OU
Parking
- 2 Car Attached Garage
- Circular Driveway
Home Design
- Cottage
- Circular Home
- Composition Roof
- Wood Siding
Interior Spaces
- 1,046 Sq Ft Home
- 1-Story Property
- Wood Burning Stove
- Crawl Space
- Electric Range
- Laundry in Utility Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Utilities
- Wall Furnace
- Baseboard Heating
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 8524-31-1758-000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $563 | $117,140 | $30,000 | $87,140 |
| 2024 | $585 | $88,840 | $30,000 | $58,840 |
| 2023 | $585 | $88,840 | $30,000 | $58,840 |
| 2022 | $585 | $88,840 | $30,000 | $58,840 |
| 2021 | $580 | $88,840 | $30,000 | $58,840 |
| 2020 | $944 | $135,670 | $0 | $0 |
| 2019 | $937 | $135,670 | $0 | $0 |
| 2018 | $767 | $135,670 | $0 | $0 |
| 2017 | $758 | $135,670 | $0 | $0 |
| 2016 | $756 | $135,670 | $0 | $0 |
| 2015 | $615 | $145,150 | $30,000 | $115,150 |
| 2014 | $615 | $145,150 | $30,000 | $115,150 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2025 11/21/25 | For Sale | $229,900 | -- | $220 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title | |
| Warranty Deed | -- | Chicago Title | |
| Warranty Deed | $68,500 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $145,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | New Conventional |
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4324985
APN: 8524-31-1758-000
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