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    38 W Cardinal Dr, Unit 38 Lake Toxaway, NC 28747

    For Sale
    $495,000

    LAND - Lake Toxaway, NC

    Lot size:
    1.43 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 10 at 1:06 am

    Property Features for 38 W Cardinal Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    8513-53-3112-000
    Lot size
    1.43 Acres

    Utilities

    Water front features
    Lake
    Water front
    1

    Lake Toxaway Company (828) 966-4260

    Listing agent William D. Heinitsh (828) 966-4260

    Listing date Oct 17, 2025

    Copyright © 2025 Highlands Cashiers Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Toxaway Ready-to-Build Lot

    This 1.43-acre lot is located on Lake Cardinal within Lake Toxaway Estates and is ready for construction. The building site has been cleared, and well and septic permits are active. Situated on a street within walking distance of the Toxaway River Trail, the property offers mountain and lake views. It also provides convenient access to the Lake Toxaway Country Club, Marina, and Greystone Inn. The property is located in Lake Toxaway, North Carolina.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Toxaway
    County
    Transylvania
    State
    North Carolina
    Longitude
    -82.96466503
    Latitude
    35.14994448

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    FAQs

    What type of property is this?
    Land - Cleared 1.43-acre lot with active permits near Lake Toxaway.
    Where is this land located?
    The property is located at 38 W Cardinal Dr, Unit 38 Lake Toxaway, NC.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Ready to build lot on Lake Cardinal with active well and septic permits.; - Located in prestigious Lake Toxaway Estates.; - CLEARED BUILDING SITE with mountain and lake views.
    (828) 966-4260
    Request Owner's contact information
    38 W Cardinal Dr, Unit 38 Lake Toxaway, NC 28747
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 W Cardinal Dr, Unit 38 Lake Toxaway, NC 28747
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