Neighboring the breathtaking Panthertown Valley—often called the “Yosemite of the East”—this exceptional 4.36-acre homesite offers a rare opportunity to build your dream mountain retreat in the prestigious Lake Toxaway Estates. Perched at approximately 4,300 feet in elevation, the property enjoys captivating views overlooking Lake Toxaway and the surrounding mountain community. With frontage on private Panthertown Drive and Spencer Lane, the lot provides both convenient access and outstanding privacy. Its gently rolling terrain winds gracefully between two natural spring heads, leading to an ideal building site for a custom home that blends seamlessly with its peaceful surroundings. Lake Toxaway Estates is a cherished mountain community where generations of families have created lasting traditions. Centered around the region’s largest private lake and surrounded by majestic peaks, residents enjoy spectacular scenery, abundant outdoor recreation, and an active social calendar. Whether you’re seeking a vibrant seasonal community or a quiet mountain sanctuary, this remarkable property offers the best of both worlds.
- Sewer:
- Septic Needed
- Waterfront Features:
- Boat Ramp
- Country:
- US
- State:
- NC
- County:
- Transylvania
- City:
- Lake Toxaway
- Street:
- Lake Toxaway Estates
- Zipcode:
- 28747
- Street:
- Spencer
- Street Number:
- Lot 42
- Street Suffix:
- Lane
- Longitude:
- W83° 1' 12.7''
- Latitude:
- N35° 8' 54.3''
- Directions:
- US 64 to West Club Blvd; Straight through at stop sign onto Chestnut Trace; Left on Fairway Drive; Left onto Toxaway Drive; Left onto Meadow Ridge Road; Left onto Panthertown Drive; Lot 42 is on the corner of Panthertown Drive and Spencer Lane.
- Unit Number:
- MR42
- Elementary School:
- Unspecified
- High School:
- Unspecified
- Middle School:
- Unspecified
- Office Name:
- Hazel R. Fisher & Associates
- Agent Name:
- Hazel Fisher
- TaxAnnualAmount:
- $0
- TaxAssessedValue:
- $0
- AssociationFee:
- $0
- Community Features:
- Lake Access, Walking Trails, Playground, Picnic Area
- Lot Features:
- Corner Lot, Views
- Possible Use:
- Residential
- Water Body Name:
- Lake Toxaway
- Water Source:
- Well Needed
- Association Yn:
- 1
- List Agent Mls Id:
- haz1854
- List Office Mls Id:
- NCM8540
- Mls Status:
- Active
- Modification Timestamp:
- 2026-07-05T21:18:05Z
- Originating System Name:
- Canopy
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2026-07-05T21:09:35Z
Land For Sale
Lot 42 Spencer Lane Unit Mr42, Lake Toxaway, North Carolina 28747
- Property Type :
- Land
- Listing Type :
- For Sale
- Listing ID :
- 4400649
- Price :
- $499,000
- View :
- Golf Course,Long Range,Mountain(s),Water,Year Round
- Status :
- Active
- Property Sub Type :
- Lot
