Sold
Last Sold Price
5 beds
473 Summit Ridge Rd Lake, Lake Toxaway, NC 28747
Single FamilyProperty Type
2.91 acresLot Size
1993Year Built
3 carsParking Spaces

Description

This +/- 8,000 sq. ft. majestic home is located on top of Toxaway Mountain with stunning, panoramic views of the Blue Ridge Mountains and Lake Toxaway. This 5 bedroom, 4 1/2 bath home is the perfect home for entertaining with its double spacious decks to enjoy the views and cool summer temperatures. The wall of glass windows allows plenty of light throughout the home. This home has many features including a spacious gourmet kitchen with separate butler/food pantry, a dining room area, three fireplaces,...This +/- 8,000 sq. ft. majestic home is located on top of Toxaway Mountain with stunning, panoramic views of the Blue Ridge Mountains and Lake Toxaway. This 5 bedroom, 4 1/2 bath home is the perfect home for entertaining with its double spacious decks to enjoy the views and cool summer temperatures. The wall of glass windows allows plenty of light throughout the home. This home has many features including a spacious gourmet kitchen with separate butler/food pantry, a dining room area, three fireplaces, and a laundry room. Enjoy the double sided stone fireplace that adjoins the living room and dining area. This home features a master suite with a walk-in/roll-in shower and spa tub and walk-in closet. There are three guest bedrooms located on the lower level, a den, wet bar and small kitchenette. The fifth bedroom is located on the upper level and can be an in-law suite with its own kitchenette, an office, an art studio, or any combination of possibilities. This home is handicap accessible and has an elevator that conveniently services all three levels. The home has a three-car garage, a large cistern, a slate roof, and an expansive parking area with stone pavers. The owner has added a 48kw Kohler generator along with numerous upgrades. All of this is perfectly situated on +/- 2.91 acres. This home is truly a must see! Bring your boat, friends and children for a fun day on the lake or enjoy the numerous amenities offered at Lake Toxaway!
  • Listed by: Sheryl Wilson 828.526.8300 cathy.garren@sothebysrealty.com Brokerage DRE #C12214 • Highlands Sotheby's International Realty - DT
Listing closed: 12/20/2021 12:00 AM • Source: Highlands-Cashiers BOR, MLS#: 95055

Recent comparable sales

Median sold price

$1,350,000

Avg days on market

118

Sale-to-list ratio

86.3%

Lake Toxaway, NC

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Location

Listing Courtesy of Highlands Sotheby's International Realty - DT

Sold By LAKE TOXAWAY COMPANY

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Payment Calculator

$8,787 per month

30 year fixed, 6.71% Interest

Principal and Interest

$7,235

Property Taxes

$1,553

HOA Dues

$0

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Property Information for 473 Summit Ridge Rd Lake

Property Details
  • Taxes: $18,635 / year
  • MLS Type: Residential / Single Family Residence
  • Furnished: Partially
  • Subdivision Name: Lake Toxaway Estates
  • Has View: Yes
  • View: Lake, Panoramic
  • Zoning Description: Residential
Building Information
  • Year Built: 1993
  • Lot Size: 2.91 AC / 126,759 SF
Summary
Location and General Information
  • Carrier Route: R003
  • Directions: Follow Hwy 64 to the entrance of Lake Toxaway Club. Stay on West Club Blvd for 2 miles to the first stop sign. Continue straight up the hill on Chestnut Trace for one mile. Turn left on Fairway Drive, then left onto Toxaway Drive. Follow Toxaway Drive all the way to the top for 1.2 miles. Turn left on Summit Ridge Rd and then left again thru the Summit Ridge gates and follow to #473 on the left.
  • Latitude: 35.136312
  • Longitude: -82.974176
  • MLS Area Major: Toxaway
  • Water Body Name: Lake Toxaway
Taxes and HOA
  • Association: Yes
  • Parcel Number: 8512282343
  • Tax Annual Amount: $18,635.40
  • Tax Lot: TMIV-14R
  • Tax Year: 2020
Parking
  • Attached Garage: Yes
  • Carport: No
  • Covered Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener, Parking Lot
Property
Lot Information
  • Lot Features: Sloped, Level, Steep Slope, Wooded
  • Lot Size Acres: 2.91
  • Lot Size Area: 2.91
  • Lot Size Square Feet: 126759.6
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Units: Square Feet
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1993
Building Features
  • Accessibility Features: Therapeutic Whirlpool, Accessible Entrance
  • Construction Materials: Frame, Wood Siding
  • Roof: Slate
Farm Information
  • Other Equipment: Satellite Dish
Financial Information
  • Current Financing: Conventional
Utilities
  • Electric: Generator
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Cistern, Well
Interior and Exterior Features
Exterior Features
  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Playground, Pool, Tennis Court(s)
  • Patio And Porch Features: Rear Porch, Deck, Front Porch, Side Porch
  • Pool Features: Community
Interior Features
  • Appliances: Built-In Refrigerator, Double Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Disposal, Ice Maker, Microwave, Propane Cooktop, Washer, Water Purifier, Oven
  • Basement: Crawl Space, Interior Entry, Partial, Partially Finished, Walk-Out Access
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Cooling: Ceiling Fan(s), Heat Pump, Whole House Fan, Zoned
  • Has Cooling: Yes
  • Heating: Heat Pump, Zoned, Natural Gas
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Fireplace Features: Den, Gas Log, Gas Starter, Living Room, Stone, Wood Burning
  • Flooring: Carpet, Marble, Wood
  • Interior Features: Wet Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, Elevator, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), High Speed Internet
  • Laundry Features: Washer Hookup
Room Information
Room 1
  • Type: Kitchen
  • Level: Main
  • Area Units: Square Feet
Room 2
  • Type: Bedroom 3
  • Level: Lower
  • Area Units: Square Feet
Room 3
  • Type: Bedroom 4
  • Level: Lower
  • Area Units: Square Feet
Room 4
  • Type: Kitchen
  • Level: Main
  • Area Units: Square Feet
Room 5
  • Type: Master Bedroom
  • Level: Main
  • Area Units: Square Feet
Room 6
  • Type: Family Room
  • Level: Lower
  • Area Units: Square Feet
Room 7
  • Type: Bedroom 2
  • Level: Lower
  • Area Units: Square Feet
Room 8
  • Type: Den
  • Level: Upper
  • Area Units: Square Feet
Room 9
  • Type: Dining Room
  • Level: Main
  • Area Units: Square Feet
Room 10
  • Type: Bedroom 5
  • Level: Upper
  • Area Units: Square Feet
Room 11
  • Type: Living Room
  • Level: Main
  • Area Units: Square Feet

Property History for 473 Summit Ridge Rd Lake

DateEvent & SourcePriceAppreciation
Dec 20, 2021

Closed

Highlands-Cashiers BOR #95055

$1,400,000
Dec 16, 2021

Closed (Public Record)

Public Record #1479542133

$1,400,000
Nov 19, 2021

Under Contract-No Show

Highlands-Cashiers BOR #95055

DateEvent & SourcePrice
12/20/2021

Closed

Highlands-Cashiers BOR #95055

$1,400,000
12/16/2021

Closed (Public Record)

Public Record #1479542133

$1,400,000
11/19/2021

Under Contract-No Show

Highlands-Cashiers BOR #95055

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 473 Summit Ridge Rd Lake

Taxable ValueLand$414,350Additions$2,583,440Total$2,997,790
Tax Record2025$14,404 ($1,200 / month)
Home Facts
Baths4.5Total Finished SqFt7,446 SqFtAbove Grade Finished SqFt7,446 SqFtLot Size126,760 SqFtStyleMiscellaneous CommercialYear Built1993Year Renovated2000CountyTRANSYLVANIAAPN8512-28-2343-000Fireplace TypeHas Fireplace

Schools near 473 Summit Ridge Rd Lake

This home is within Transylvania County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
T C Henderson Elementary
PublicPK to 5

Rosman Middle
Public6 to 8

Rosman High
Public9 to 12

Rosman Elementary
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 473 Summit Ridge Rd Lake, Lake Toxaway, NC 28747
$1,400,000
5
126,759
5
7,125
255,262
$2,300,000
3
3,014
65,775
$700,000
4
2,992
45,738
$132,500
106,286
$1,535,000
3
3,282
48,351

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Highlands Sotheby's International Realty - DT

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Highlands Cashiers Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Highlands Cashiers Board of REALTORS®. All Rights Reserved.