Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Toxaway Homesite with Views Title is generated by Realmo AI

    LS 14 Lakeside Drive lot Ls 14, Lake Toxaway, NC 28747

    View on Map
    Claim this Listing
    For Sale
    $165,000

    LAND - Lake Toxaway, NC

    Lot size:
    0.93 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    63
    Last Refresh:
    May 19 at 10:06 am

    Property Features for LS 14 Lakeside Drive lot Ls 14

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    SatelliteDish
    Standard status
    Active
    APN
    8512-92-0693-000
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    360

    We can help!

    Listing Contact
    John Heinitsh

    Listing agent John Heinitsh License #39648

    Listing office Lake Toxaway Company 100 Waterfall Circle, Lake Toxaway, NC

    Listing date Mar 18, 2026

    MLS# 1002879 Listing URL

    Copyright © 2026 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.

    HighLights

    • Stunning views of Toxaway Mountain and western sunsets.
    • Deeded access to Lake Toxaway, North Carolina's largest private lake.
    • Prime, build‑friendly homesite.
    • Opportunity to apply for membership to the Lake Toxaway Country Club.
    • Ideal for a primary residence or seasonal getaway.
    • Located within a sought‑after community.

    Overview

    This 0.931-acre homesite is positioned to capture views of Toxaway Mountain and western sunsets. The property offers a build-friendly site, making it suitable for designing a home that embraces the surrounding natural beauty. It features deeded access to Lake Toxaway, North Carolina's largest private lake. Ownership may also provide the opportunity to apply for membership to the Lake Toxaway Country Club, subject to availability and approval. This homesite combines scenic views, privacy, and access to mountain and lake living, making it a setting for a primary residence or seasonal getaway. The property is located in Lake Toxaway, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Pharmacy Hotel & Motel Storage Facility HVAC Service Garden Center

    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
    -82.950193
    Latitude
    35.121339

    Nearby Similar for Sale

    • $89,500
      2,308 SF

      Lake Toxaway Homesite Opportunity

      1.27-acre homesite in Lake Toxaway Estates community.
      Summit Ridge Road lot: 29, Lake Toxaway, NC 28747
      View Details
    • $350,000

      Unrestricted Land in Lake Toxaway

      7+ acres with mountain views, well, septic, and barn.
      181 Pathkiller Road, Lake Toxaway, NC 28747
      View Details
    • $50,000

      Lake Toxaway Homesite Opportunity

      0.92-acre homesite near Toxaway Falls and Gorges State Park.
      999 Flat Creek Valley Road, Lake Toxaway, NC 28747
      View Details
    • $725,000
      3,056 SF

      Lake Toxaway Flex Warehouse

      3,056 SF flex warehouse on 1.12 acres for sale.
      13480 Rosman Highway, Lake Toxaway, NC 28747
      View Details
    • $33,900

      Ready Homesite Near Lake Toxaway

      Prepared homesite in upscale community near Lake Toxaway.
      Indian Lake Road, Lake Toxaway, NC 28747
      View Details
    • $299,000

      Lake Toxaway Land Opportunity

      4.5 acres of woodlands near Lake Toxaway, NC.
      Kim Miller Road lot: 5, Lake Toxaway, NC 28747
      View Details
    • $79,000

      Land Backing Pisgah National Forest

      2.94 acre lot backing Pisgah National Forest in Lake Toxaway.
      Diamond Creek Road, , NC 28747
      View Details
    • $159,000

      Lake Toxaway Mountain Top Lot

      4.5 acre partially cleared lot with lake access.
      MR51 Meadow Ridge Dr lot: Mr51, Lake Toxaway, NC 28747
      View Details
    • $75,000

      Lakeside Mountain Homesite Opportunity

      1.03-acre homesite in Lake Toxaway with potential lake and mountain views.
      LS 25 Lakeside Trail lot: 25, Lake Toxaway, NC 28747
      View Details
    • $350,000

      Unrestricted Land in Lake Toxaway

      7+ acres with mountain views, well, septic, and metal barn.
      181 Pathkiller Road, Lake Toxaway, NC 28747
      View Details
    • $795,000

      Lake Toxaway Golf Course Homesite

      2.77-acre homesite with golf course views and creek frontage.
      L 9A R Old Mine Point lot: 9A R, Lake Toxaway, NC 28747
      View Details
    • $4,250,000

      Lake Toxaway Waterfront Land Opportunity

      Rare double lot with boathouse, docks, lake and mountain views.
      1923 Cold Mountain Road lot: 2 Ee, Lake Toxaway, NC 28747
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite with mountain views and lake access in Lake Toxaway.
    Where is this residential land & home lot located?
    The property is located at LS 14 Lakeside Drive lot Ls 14 Lake Toxaway, NC.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Stunning views of Toxaway Mountain and western sunsets.; Deeded access to Lake Toxaway, North Carolina's largest private lake.; Prime, build‑friendly homesite.
    (828) 966-4260
    We can help!
    Listing Contact
    John Heinitsh
    Real Estate License ID: 39648
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    LS 14 Lakeside Drive lot: Ls 14, Lake Toxaway, NC 28747
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!