BACK ON THE MARKET! Breathtaking, panoramic views of Toxaway Falls greet you from the expansive deck of 274 Whetstone Gap Road—a rare opportunity to own a home in one of the most scenic corners of Western North Carolina. Built in 1970 with a smart, flowing floor plan, this home is the perfect canvas for your vision. The full, unfinished basement provides tremendous potential to expand your living space and create the mountain retreat of your dreams.
Ideally situated just minutes from Lake Toxaway, this property offers all the natural beauty of the region without the burden of high HOA fees—and with the freedom to short-term rent, giving you exceptional flexibility for personal use and investment.
Additionally, the home conveys with two adjoining lots and directly borders Gorges State Park, ensuring unmatched privacy, protected natural surroundings, and endless outdoor adventure right outside your door.
Closed
$493,000
274 Whetstone Gap Rd, Lake Toxaway, NC 28747
3beds
2,143sqft
Single Family Residence
Built in 1970
1.66 Acres Lot
$528,400 Zestimate®
$230/sqft
$2,756 Estimated rent
Home value
$528,400
$502,000 - $555,000
$2,756/mo
Zestimate® history
Owner options
List your home for rent
$2,756/mo
Rent Zestimate®
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$2,756/mo
Rent Zestimate®
Refinance and save
$3,153/mo
Est. payment
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$3,153/mo
Est. payment
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List your homeWhat's special
Expansive deckTwo adjoining lotsSmart flowing floor plan
Zillow last checked:
Listing updated:
Listing Provided by:
Lizzie McGann lizzie.burnett@allentate.com,
Howard Hanna Beverly-Hanks Brevard Downtown
Bought with:
Melissa Gyldstrand
Keller Williams Great Smokies
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4322459
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Features: Open Floorplan, Vaulted Ceiling(s)
- Level: Main
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Refrigerator, Washer/Dryer
- Laundry: Laundry Room, Main Level, Washer Hookup
Features
- Walk-In Closet(s)
- Basement: Basement Garage Door,Exterior Entry,Interior Entry,Storage Space,Unfinished,Walk-Out Access
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,092
- Total interior livable area: 2,143 sqft
- Finished area above ground: 2,092
- Finished area below ground: 51
Property
Parking
- Total spaces: 6
- Parking features: Basement, Driveway, Attached Garage, Garage on Main Level
- Attached garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck, Patio
- Has view: Yes
- View description: Mountain(s), Year Round
Lot
- Size: 1.66 Acres
- Features: Adjoins Forest, Rolling Slope, Views
Details
- Additional parcels included: 8522-71-6809 / 8522-71-7900
- Parcel number: 8522714970000
- Zoning: None
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & neighborhood
Location
- Region: Lake Toxaway
- Subdivision: Whetstone Gap
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $325 annually
- Association name: Don Fraser
- Association phone: 406-446-4547
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Sold | $493,000-10.4%$230/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4322459 Report a problem | ||
| 2/3/2026 | Pending sale | $550,000$257/sqft |
Source: HCMLS #1002449 Report a problem | ||
| 12/12/2025 | Listed for sale | $550,000+214.3%$257/sqft |
Source: Canopy MLS as distributed by MLS GRID #4322459 Report a problem | ||
| 5/19/2011 | Sold | $175,000$82/sqft |
Source: Carolina Smokies MLS #48359 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,459 | $221,560 |
| 2023 | $1,459 | $221,560 |
| 2022 | $1,459 +0.8% | $221,560 |
| 2021 | $1,447 +11.9% | $221,560 +19.2% |
| 2020 | $1,294 +0.7% | $185,850 |
| 2019 | $1,284 +22.2% | $185,850 |
| 2018 | $1,051 +1.2% | $185,850 |
| 2017 | $1,039 | $185,850 |
| 2016 | $1,039 +27.2% | $185,850 -7% |
| 2015 | $817 | $199,740 |
| 2014 | $817 | $199,740 +3.6% |
| 2013 | -- | $192,830 |
| 2012 | -- | $192,830 |
| 2011 | -- | $192,830 |
| 2010 | -- | $192,830 |
Find assessor info on the county website
Neighborhood: 28747
Nearby schools
GreatSchools rating
- 4/10T C Henderson ElementaryGrades: PK-5Distance: 2 mi
- 8/10Rosman MiddleGrades: 6-8Distance: 6 mi
- 7/10Rosman HighGrades: 9-12Distance: 6 mi
Schools provided by the listing agent
- Elementary: T.C. Henderson
- Middle: Rosman
- High: Rosman
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- North Carolina
- Transylvania County
- Lake Toxaway
- 28747
- 274 Whetstone Gap Rd
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