$8,995,000
 $46,922 est/mo Sourced by Back At You

138 Indian Trace,Lake Toxaway, NC 28747

Lake Toxaway, NC 28747

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Description

A rare opportunity to acquire one of Lake Toxaway's most distinguished waterfront estates, now offered at an exceptional new price. One of Lake Toxaway and Western North Carolina's most magnificent legacy homes, this masterfully crafted 4BR, 5.5BA estate is situated on two premier lakefront point lots with an extraordinary 326 feet of shoreline on fabled Lake Toxaway. Ideally positioned just moments from the Lake Toxaway Country Club, Greystone Inn, marina, and the community's most desirable amenities, the residence offers a rare combination of privacy, convenience, and timeless prestige. Inspired by classic Old World architecture and built with uncompromising attention to detail, the home showcases extensive hand-laid stonework, grand and inviting living spaces, soaring ceilings, and three wood-burning masonry fireplaces that create a warm yet refined mountain ambiance. The chef's kitchen is designed for both elevated entertaining and everyday enjoyment, seamlessly connecting to the home's gracious gathering areas. The expansive primary suite is a true retreat, featuring an elegant en-suite paneled library and spa-inspired bath. Upstairs, generously sized guest suites provide comfort and privacy, while a spacious bonus room with full bath above the two-car garage offers flexible living for guests or recreation. Designed for exceptional indoor-outdoor living, the estate features expansive entertaining spaces including a covered dining porch, lakeside firepit, and multiple vantage points to take in the sweeping lake and mountain views. Outdoor amenities are unmatched, with a large stationary dock, rare two-stall boathouse, and exceptional shoreline access. Additional highlights include a golf cart garage, full-house generator, and thoughtfully designed storage and utility spaces that enhance year-round comfort and peace of mind. With one of the most spectacular lake and mountain settings in all of Western North Carolina, this is a truly rare offering-an irreplaceable legacy estate and a once-in-a-generation opportunity on Lake Toxaway.

Details

MLS #4361067
Listing TypeFor Sale
StyleHouse
HOA Dues$4,085
Sub-TypeResale
StatusActive
Year1998
Days On Site207
Listing Provided ByFisher Realty,Sapphire/Toxaway | Amanda Jennings Gravley

Features

Bed(s)4
Bath(s) 7 Total
SQ Feet5,608
Garage2
BasementY
Story(s)1
ZoningNone
Acreage1.12
Water FrontYes
Property ViewMountain(s), Water, Year Round

Interior

CoolingHeat Pump, Zoned
HeatingForced Air, Propane, Zoned
Interior FeaturesBreakfast Bar, Built-in Features, Cable Prewire, Drop Zone, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Split Bedroom, Storage, Walk-In Closet(s), Walk-In Pantry, Wet Bar, Other - See Remarks
Window FeaturesInsulated Window(s)
AppliancesBar Fridge, Dishwasher, Disposal, Dryer, Exhaust Hood, Gas Cooktop, Indoor Grill, Microwave, Oven, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Washer, Washer/Dryer

Exterior

Exterior FeaturesFire Pit, Other - See Remarks
RoofSlate
Security FeaturesCarbon Monoxide Detector(s), Security Service, Security System, Smoke Detector(s)
Construction MaterialsStone, Synthetic Stucco, Wood
Foundation DetailsBasement
Lot FeaturesCorner Lot, Private, Waterfront, Other - See Remarks

Parking

Garage Yes / NoYes
Parking FeaturesAttached Garage, Golf Cart Garage

Utilities

UtilitiesCable Available, Cable Connected, Electricity Connected, Fiber Optics, Phone Connected, Propane, Satellite Internet Available, Underground Power Lines, Underground Utilities, Wired Internet Available

Location

Community FeaturesClubhouse, Fitness Center, Game Court, Golf, Lake Access, Picnic Area, Playground, Putting Green, Recreation Area, Sport Court, Tennis Court(s), Walking Trails, Other

Other

List AorHighlands Cashiers Board of Realtors

Taxes

Property10286010

Area Information

StateNC
CountyTransylvania
CityLake Toxaway
Zip Code28747
AreaTransylvania
Community NameLake Toxaway Estates
School DistrictRosman
Elementary SchoolT.C. Henderson
High SchoolRosman
Listing VS Median (in Lake Toxaway Estates)
Price:
$8,995,000
low | high
Med:
$3,750,000
100% of Average
sqft:
5,608
low | high
Med:
7,478
16.654778887304% of Average
$ / sqft:
$1,604
low | high
Med:
$501
100% of Average
On site:
207
low | high
Med:
68
100% of Average
Sourced by Back At You

Market Activity 28747

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 28, 2026 at 1:43:29 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyTransylvania
CityLake Toxaway
Zip Code28747
AreaTransylvania
Community NameLake Toxaway Estates
School DistrictRosman
Elementary SchoolT.C. Henderson
High SchoolRosman
Listing VS Median (in Lake Toxaway Estates)
Price:
$8,995,000
low | high
Med:
$3,750,000
100% of Average
sqft:
5,608
low | high
Med:
7,478
16.654778887304% of Average
$ / sqft:
$1,604
low | high
Med:
$501
100% of Average
On site:
207
low | high
Med:
68
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 10:59:36 PM PDT