Coordinates: 35°07?56?N 82°56?02?W? / ?35.13222°N 82.93389°W? / 35.13222; -82.93389 Lake Toxaway is an unincorporated community in eastern Transylvania County, North Carolina on U.S. Route 64, and North Carolina Highway 281. It lies at an elevation of 2979 feet (908 m).