40 Toxaway Landing Drive, Lake Toxaway, NC
$1,495,000 · 3 bedrooms · 2 baths · 1,205 sq ft · built 1970
Listing courtesy of Hazel R. Fisher & Associates (Hazel Fisher). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
The architectural narrative of Lake Toxaway Estates is defined by its intimacy with the landscape, a quality exemplified by this 1970 residence. Recently transitioned into a modern mountain retreat, the 1,205-square-foot home balances rustic materiality with a disciplined interior aesthetic. The three-bedroom, two-bathroom floor plan centers on a light-filled great room anchored by a stone fireplace, while the kitchen integrates Fisher & Paykel appliances and granite surfaces. Beyond the sunroom and screened porch, the property includes a deeded boat dock on the state’s largest private recreational lake. For the discerning investor, the Lake Toxaway submarket remains a rare stronghold of privacy; its status as a non-public lake creates a distinct barrier to entry that preserves both the shoreline’s tranquility and long-term asset value. The integration of modern mechanicals and high-end finishes within a classic footprint makes this a turnkey acquisition for those prioritizing immediate utility. Private viewings may be arranged through Peters & Associates.
About the home
Modern Mountain Charm in Lake Toxaway Estates Experience effortless lake-living in this beautifully renovated mountain retreat, complete with a deeded boat dock on North Carolina’s largest private recreational lake. Blending modern design with warm rustic touches, this home is perfectly suited for relaxing getaways and family gatherings. Step inside to an inviting open great room, anchored by a handsome stone fireplace and filled with natural light. The bright, airy kitchen features custom built-ins, a spacious granite dining counter, and premium Fisher & Paykel appliances, creating an ideal space for cooking and entertaining. The main level offers both a primary and guest room, while the family-friendly sleeping loft includes its own large bath with a walk-in shower—perfect for kids or additional visitors. Easy-care wood floors run throughout the home, complementing the fresh and modern aesthetic. Outdoor living is equally impressive with a cheerful sunroom, a large screened porch, and a covered patio that flows easily into the wooded landscape. Spend evenings around the fire pit, or stroll down to your private dock for a day on the water. Located just minutes from US-64, Lake Toxaway Country Club, and the historic Greystone Inn, this charming home offers the perfect combination of convenience, comfort, and true mountain-lake lifestyle.
Price in context
- Asking $1,241 per square foot.
- That is 67% above the $744 median across 16 active $1.5M+ homes in Lake Toxaway.
- 11th highest asking price of 16 active $1.5M+ homes in Lake Toxaway.
- 10th largest by living area of the 10 with a recorded size.
- No price changes since it was listed.
- 2 days on the market, listed 2025-12-26.
- County tax assessment $608,550; the asking price is 2.46× the assessed value.
Location
Neighborhood: Lake Toxaway Estates, Transylvania County, ZIP 28747.
Features
- Levels
- One and One Half
- Construction
- Wood
- Roof
- Architectural Shingle
- Bathrooms
- 2 full
- Fireplace
- Yes
- Interior
- Breakfast Bar, Built-in Features, Open Floorplan
- Kitchen & appliances
- Dishwasher, Disposal, Exhaust Hood, Ice Maker, Induction Cooktop, Microwave, Refrigerator, Self Cleaning Oven, Washer/Dryer
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Parking
- Parking Space(s), Shared Driveway
- Exterior
- Fire Pit
- Waterfront
- Boat Ramp – Community, Boat Slip (Deed) (Off Site)
- View
- Year Round
- Community
- Clubhouse, Fitness Center, Golf, Lake Access, Pickleball, Picnic Area, Playground, Tennis Court(s), Walking Trails
- County
- Transylvania
Comparable homes on the market
- 228 Mills Creek Trace, Lake Toxaway — $2,975,000, 4 bd, 4,478 sq ft, also in Lake Toxaway Estates
- Tbd Fairway Drive, Lake Toxaway — $1,100,000, also in Lake Toxaway Estates
- 770 Meadow Ridge Drive, Lake Toxaway — $3,600,000, 5 bd, 5,181 sq ft, also in Lake Toxaway Estates
- 138 Indian Trace, Lake Toxaway — $9,500,000, 4 bd, 5,608 sq ft, 0.4 mi away
- Tbd Slick Fisher Road, Lake Toxaway — $1,995,000, 0.8 mi away
- D51-52 North Club Boulevard #D51-52, Lake Toxaway — $3,800,000, 0.9 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.