Lake Toxaway, North Carolina, is a picturesque community in Transylvania County, nestled in the heart of the Blue Ridge Mountains, known for its stunning natural beauty and serene atmosphere. Centered around the state’s largest private lake, Lake Toxaway is a haven for outdoor enthusiasts, offering opportunities for boating, fishing, hiking, and golfing, with the nearby Gorges State Park and Pisgah National Forest providing breathtaking trails and waterfalls. The area, with a population of around 2,000, blends rustic charm with upscale amenities, including luxury resorts like the Greystone Inn and a vibrant community of vacation homes. Originally developed as a resort destination in the early 20th century, Lake Toxaway retains its historic allure while attracting visitors and seasonal residents with its mild climate, scenic vistas, and proximity to cultural hubs like Brevard and Asheville.
Lake Toxaway currently has 50 single family homes for sale with an average list price of $2,338,986, 12 condos for sale with an average list price of $867,219.17, and 62 lots for sale with an average list price of $617,140.81.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake Toxaway, i.e. what's hot and what's not.
See What's Hot & What's Not in Lake ToxawayLake Toxaway home sales for the month of August rose in volume by 140% when compared to last year, while the median sale price rose by 15.2% from $1,150,000 to $1,325,000. House sales rose by 120%, while the median sale price rose by 21.7% from $1,150,000 to $1,400,000. Condo sales stayed the same, while the median sale price stayed the same.
90
|
63
|
50
|
53
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$477,000
|
$695,000
|
$467,500
|
$950,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.