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| Copyright 2010 by Tony Austin |
| 50th Anniversary of Lake Toxaway Estates July 2010 - September 2011 |
| Click here for detailed information VisualTour Click here for a printable flyer Click here to ask questions or request a package of information |
1956
July 29, 1960 - On July 29, 1960, Lake Toxaway Estates, Inc. was formed with R.D. Heinitsh as
President and D.W. Boyd as Secretary.
President and D.W. Boyd as Secretary.
August 14, 1960 - The Asheville Citizen Times ran a big story on the
announcement by Lake Toxaway Estates, Inc. "Two Million Dollars To Be
Spent On Development, Lake Toxaway" and the subhead "New Dam Will Be
Built, Other Improvements." The property around the lake will be sub-divided
into lakeside lots and offered for sale.
announcement by Lake Toxaway Estates, Inc. "Two Million Dollars To Be
Spent On Development, Lake Toxaway" and the subhead "New Dam Will Be
Built, Other Improvements." The property around the lake will be sub-divided
into lakeside lots and offered for sale.
1960
March 3, 1956 - Transylvania Times:
"Jennings Estate Sold In One of The
Largest Real Estate Transactions in Many
Years" The 9,292 acre parcel includes
Toxaway Falls, Horsepasture and other
former resort areas and has been sold to
David Crosby of Boca Raton, Fla. for
future development. While he does not
plan to immediately rebuild the lake, which
was destroyed by the 1916 food, a
master-long-range development plan is said
to include this project. A mountain
subdivision is planned starting with 52
acres. The average lot price will be $1,600.
"Jennings Estate Sold In One of The
Largest Real Estate Transactions in Many
Years" The 9,292 acre parcel includes
Toxaway Falls, Horsepasture and other
former resort areas and has been sold to
David Crosby of Boca Raton, Fla. for
future development. While he does not
plan to immediately rebuild the lake, which
was destroyed by the 1916 food, a
master-long-range development plan is said
to include this project. A mountain
subdivision is planned starting with 52
acres. The average lot price will be $1,600.