It is named after Wolf Laurel Branch, which flows into Puncheon Fork after leaving the community upstream.
The community is composed mostly of summer and part-time residences, nestled within the valleys and perched on the slopes of the Walnut Mountains, at elevations ranging from 3500 to over 5500 feet in altitude.
Skiers from around the southeast visit Wolf Laurel, primarily for the ski resort contained partly within the community boundary.
Due to the altitude and because of lying within a region which is subjected to a regular meteorological phenomenon known as Northwest Flow Snow Events,[2] the average annual snowfall is uncharacteristic of other areas this far south.
During the winter months, the community is lightly resided, and mostly attended with visitors to the ski resort.