Lake Toxaway Homes under $500,000

Lake Toxaway Homes under $500,000

Welcome to Lake Toxaway, North Carolina, a hidden gem nestled in the heart of Transylvania County. Known for its stunning natural beauty, Lake Toxaway is the largest natural lake in North Carolina, surrounded by the majestic Blue Ridge Mountains. This picturesque community offers a serene lifestyle, perfect for those seeking a tranquil retreat or an adventurous outdoor lifestyle. With hiking trails, waterfalls, and abundant wildlife, nature enthusiasts will find endless opportunities to explore and unwind.

For homebuyers looking for affordable options in this idyllic setting, Lake Toxaway offers a variety of charming homes priced under $500,000. Whether you’re searching for a cozy cabin, a modern mountain home, or a quaint cottage, there’s something here to suit every taste and budget. These homes often feature stunning views, spacious yards, and easy access to the lake, making them perfect for families, retirees, or anyone looking to embrace the beauty of mountain living.

In addition to its natural allure, Lake Toxaway boasts a welcoming community atmosphere, with local shops, restaurants, and recreational activities just a stone’s throw away. Enjoy a day of fishing, kayaking, or simply relaxing by the water, and then return home to your own slice of paradise.

If you’re ready to discover the charm of Lake Toxaway and explore homes under $500,000, you’re not just investing in a property; you’re embracing a lifestyle filled with adventure, tranquility, and breathtaking scenery. Start your journey to a new home in this enchanting mountain community today!

Newest Lake Toxaway Homes under $500,000

221 Toxaway Falls Dr Unit 1A, Lake Toxaway
$450,000
2 Beds ⋅ 2 Baths ⋅ 1004075 MLS ⋅ Toxaway Falls BLDG.
There is something special about 221 Toxaway Falls Drive, Unit 1—a place where your day is the steady, meditative roar of the iconic 350-foot Toxaway Falls. This isn’t just a condo; it’s a front-row seat to one of the most breathtaking natural views in the Blue Ridge Mountains, with the lush, protected wilderness of Gorges State Park as your permanent neighbor across the gorge. Inside, the living area centers around a cozy stone fireplace, recently upgraded with a dedicated gas line—meaning effortless fires and deck-side grilling without the hassle of propane tanks. The kitchen remains in its classic, functional state with quality appliances, while the primary bathroom and bedrooms have been lightly refreshed to offer a clean, inviting feel. Designed for maximum ease and low-maintenance living, this unit seamlessly blends comfort with accessibility. While there is only one short flight of stairs to the front door, a newly installed chairlift makes transitions effortless—whether you're transporting heavy luggage, carrying in groceries, or hosting guests with limited mobility. Just a short stroll away, residents and guests can relax at the community’s heated pool, a rare and delightful mountain luxury on warm summer afternoons. For nearby residents of the Mountain Falls Luxury Motorcoach Resort, this property serves as the ultimate "guest annex." It offers your visiting friends and family their own private sanctuary with world-class waterfall views, all while keeping them right around the corner. Beyond its undeniable charm as a personal mountain retreat, this fully furnished unit is a proven performer for the savvy buyer. Currently operating as a highly successful short-term rental, it offers a true turnkey opportunity to generate immediate, lucrative income from day one. Whether you are seeking a low-maintenance mountain escape, a sophisticated guest house, or a high-demand investment property with an irreplaceable "waterfall in your backyard" appeal, Unit 1 delivers on every front. Step into your turnkey sanctuary today!

221 Toxaway Falls Dr Unit 1A, Lake Toxaway
230 Tangleroot Rd, Lake Toxaway
$369,000
2 Beds ⋅ 1 Baths ⋅ 1003622 MLS
Welcome to Bearfoot Cabin, a charming mountain retreat perched atop a peaceful, wooded hillside above the West Fork of the French Broad River. The property is expected to convey with a newly surveyed homesite of approximately 0.80 acre or more, with the seller anticipating the final lot size to be nearly one acre. The generous homesite offers a wonderful sense of privacy and room to enjoy the surrounding natural beauty. Across the river lies more than 1,930 acres of protected National Forest land, helping preserve the area's natural beauty and enhancing the sense of seclusion. A convenient circular driveway provides easy access and ample parking. Relax on the covered back porch with space for outdoor dining, gather around the backyard fire pit on cool mountain evenings, and enjoy the convenience of an outdoor hot/cold shower, which is currently being completed. Inside, the cabin features a warm and inviting floor plan with an open living area filled with natural light. The kitchen offers ample cabinetry and workspace for preparing meals, while the primary bedroom provides a peaceful place to unwind. A second room is ideal for a home office, dressing room, or flexible bonus space to suit a variety of needs. Additional improvements include an encapsulated crawl space equipped with a dehumidifier, providing added protection and peace of mind. A washer and dryer are conveniently located inside the cabin. High-speed Wi-Fi is available throughout the home, making it easy to stay connected while enjoying this mountain retreat. Centrally located between the Lake Toxaway and Brevard areas, Bearfoot Cabin offers convenient access to some of Western North Carolina's most celebrated outdoor destinations, including Pisgah National Forest, Gorges State Park, and numerous hiking trails, waterfalls, rivers, and recreational opportunities. Whether you're looking for a full-time residence, weekend getaway, or investment property, this mountain retreat offers the perfect balance of privacy, comfort, and accessibility.

230 Tangleroot Rd, Lake Toxaway
61 Boulder Dr, Lake Toxaway
$350,000
1 Beds ⋅ 1 Baths ⋅ 1003274 MLS
Discover Westridge, an exceptional gated community offering unparalleled affordability in Transylvania County! Nestled alongside Gorges State Park, this property invites you to revel in nature's wonders, from rare white squirrels to over 40 species of birds. Get ready to indulge in luxury with this 2024 park model situated on a spacious, wooded lot. Crafted with precision and featuring top-of-the-line stainless steel appliances, this mountain retreat exudes quality woodwork throughout. Admire vaulted beam ceilings stretching over the welcoming front porch and the central dorm area. A generous screened porch offers additional living space, complete with laundry hook-ups and a roughed-in half bath. Convenient storage options include an extra shed and space beneath the screened porch. Offers second 50 AMP hookup that makes accommodating additional RV parking a breeze. Experience a thriving rental market in this sought-after community with high demand and competitive rates.

61 Boulder Dr, Lake Toxaway
48 Upper Tanglewood Unit 6, Lake Toxaway
$499,000
3 Beds ⋅ 2 Baths ⋅ 1003238 MLS ⋅ Toxaway Falls BLDG.
Few condos in the region offer a front-row view of a landmark waterfall — and this one delivers it from nearly every room. Toxaway Falls thunders across a dramatic multi-cascade drop directly outside, with Gorges State Park preserving the opposite bank in perpetuity, ensuring the view remains unchanged regardless of what develops around it. The three-bedroom, two-bathroom unit is configured for easy main-level access with no interior stairs and an open floor plan that moves naturally from the living area through the dining space and into the kitchen. A fireplace anchors the living room, and sliding doors open to a covered back porch — the best seat in the house for watching the falls shift through the seasons. The primary suite shares the same porch access and the same views. Natural light carries through the unit; leave the doors open and the sound of the falls carries through. All three bedrooms are well-proportioned, with good closet storage throughout. The two full bathrooms are functional and well-positioned for the layout. The unit is sold fully furnished and turn-key ready, with a documented vacation rental history. Toxaway Falls community amenities include a pool and trails, while the fantastic shopping and dining of Highlands, Cashiers, and Brevard are just a short drive away.

48 Upper Tanglewood Unit 6, Lake Toxaway
135 Toxaway Views Dr Unit 601, Lake Toxaway
$299,000
2 Beds ⋅ 2 Baths ⋅ 1003172 MLS ⋅ Toxaway Views BLDG.
Nicely updated furnished 2 bedroom 2 bath condo GROUND FLOOR with mountain views. Recent updates have been made- appliances, including washer and dryer, new HVAC in 2023, new hardwood flooring and recently painted so ready to move in and start enjoying. Enjoy multiple outdoor spaces with screen porch, back deck overlooking beautiful green space and community garden, deck from master bedroom and downstairs patio. Amazing walkout basement (unfinished) with access to level green space and garden. Beautiful pool area with waterfall rock wall just down the walk next to building. Long term rentals, 30 day minimum. Owner pets allowed. Great hiking, waterfalls and Gorges State Park are nearby. Toxaway Views has some of the lowest condo fee's on the mountain and includes water and trash.

135 Toxaway Views Dr Unit 601, Lake Toxaway
30 Boulder Dr, Lake Toxaway
$355,000
1 Beds ⋅ 1 Baths ⋅ 1001795 MLS
Located in the RV community of Westridge, this furnished, cozy mountain cabin is the perfect getaway! Featuring a 1 bedroom with a queen size bed, 1 full bathroom with a stand-up shower, and a loft area with a queen size bed, this is the perfect vacation spot. This site also features an RV pad with hookups! Updates include brand new deck, landscaping, mini split and hardwood flooring throughout. Potential to customize and add a screened-in porch to enjoy during all seasons. Site also features out building for extra storage. Currently set up as a vacation rental with a 2-night minimum stay. Full kitchen equipped with granite counter tops and gas stove. Suitable for Class A Motorcoaches up to 45' with a 50 AMP hook- up. No restrictions on the type of motorcoach allowed. Schedule your showing today!

30 Boulder Dr, Lake Toxaway
76 Upper Tanglewood Rd Unit 4, Lake Toxaway
$385,000
1 Beds ⋅ 2 Baths ⋅ 1001822 MLS ⋅ Toxaway Falls BLDG.
Turnkey Blue Ridge Mountains Investment Opportunity, a Private Retreat or Year-Round Residence in Lake Toxaway, NC. Sale Price $385,000 - Recently reduced by $10,000. This condo features a very spacious living area of 923 sq ft. It includes one large bedroom with additional sleeping accommodations for two in the living area, two full bathrooms, and all new kitchen appliances. This condo has been totally renovated in 2023 and offers the perfect low-maintenance residence with stunning views year-round overlooking the breathtaking Lake Toxaway Waterfall. Blending a cozy cabin style with modern comfort & new furnishings throughout, with upscale decor along with two stone fireplaces. (One out of six condos in this building) It is ideal as a full-time residence, vacation getaway, or an investment opportunity with no rental restrictions. Enjoy the beauty of all 4 seasons from your spacious living area(s) or step outside on your covered, furnished deck, sipping a cup of coffee or eating a delicious meal off your gas grill. Take advantage of the community heated pool as a plus! A rare combination of serenity, scenery, and flexibility in the heart of the Smoky Mountains, surrounded by quaint small towns & close to the Blue Ridge Parkway. It offers all the luxuries of a year-round residence, including an additional storage room in the basement. The condo was recently appraised at $417,000.00.

76 Upper Tanglewood Rd Unit 4, Lake Toxaway
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