138 Indian Trace

Lake Toxaway, NC
$ 8,995,000 Beds 4 Baths 6 Sq 5,608
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 8,995,000
  • City
  • Lake Toxaway
  • Bedrooms
  • 4
  • Full Bathrooms
  • 5
  • County
  • TRANSYLVANIA
  • Half Bathrooms
  • 2
  • Area
  • Transylvania County
  • Lot Size
  • 1.12 Acres
  • Zip
  • 28747
  • Sqr Footage
  • 5,608
  • Year Built
  • 1998
  • Style
  • Old World,Traditional
  • MLS#
  • 4361067
Listed By: Fisher Realty,Sapphire/Toxaway; ajennings@fisherrealtync.com
Data Source: Canopy MLS

Features

General

Living Area 5608
Sewer Septic Installed
Heating Forced Air,Propane,Zoned
Cooling Heat Pump,Zoned
Utilities Cable Available,Cable Connected,Electricity Connected,Fiber Optics,Phone Connected,Propane,Satellite Internet Available,Underground Power Lines,Underground Utilities,Wired Internet Available
Roof Slate
Appliances Bar Fridge,Dishwasher,Disposal,Dryer,Exhaust Hood,Gas Cooktop,Indoor Grill,Microwave,Oven,Plumbed For Ice Maker,Refrigerator,Self Cleaning Oven,Washer,Washer/Dryer
Zoning None
HOA Fee 4085
Garage Spaces 2
Patio/Porch Features Covered,Deck,Front Porch,Porch,Other - See Remarks
Architectural Style Old World,Traditional
Security Features Carbon Monoxide Detector(s),Security Service,Security System,Smoke Detector(s)
Construction Materials Stone,Synthetic Stucco,Wood
Exclusions Seller to provide list of exceptions
Year Built 1998
View Mountain(s),Water,Year Round
Levels One and One Half
Property Subtype Single Family Residence
Parcel Number 8522-16-6570-000
Elevation 3000
Waterfront Features Boat Ramp – Community,Dock
Community Features Clubhouse,Fitness Center,Game Court,Golf,Lake Access,Picnic Area,Playground,Putting Green,Recreation Area,Sport Court,Tennis Court(s),Walking Trails,Other
Assoc Fee Paid Per Annually
County Transylvania
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Lake Toxaway Estates
Garage Y/N Yes
Other Structures Other - See Remarks
Full Baths 5
Directions From US64,enter Lake Toxaway Estates at the main entrance and follow West Club Boulevard to the stop sign. Take a right on the continuation of West Club Blvd. to a right on the first Indian Trace. Ho
High School Rosman
City Lake Toxaway
Body of Water Lake Toxaway
Association Name IPM Corporation
Senior Community Y/N No
Lot Size Units Acres
Carport Y/N No
Elementary School T.C. Henderson
Middle/Junior High School Rosman
Additional Parcels Y/N No
Standard Status Active
CAR_HOASubjectTo Required
Construction Type Site Built
Restrictions Architectural Review,Building,Deed,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Short Term Rental Allowed,Square Feet,Subdivision
Tax Assessed Value 10286010

Interior Features

Interior Amenities Breakfast 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 Remar
Basement Exterior Entry,Storage Space,Unfinished
Flooring Carpet,Tile,Wood
Fireplace Features Den,Family Room,Fire Pit,Great Room,Wood Burning
Basement (Y/N) Yes
Window Features Insulated Window(s)
Fireplace Y/N Yes
Above Grade Finished Area 5608
Half Baths 2
Laundry Features Laundry Room,Main Level,Sink
Total Bedrooms 4
Total Baths 7
SqFt Main 3784
SqFt Garage 786
SqFt Upper 1824
Bedroom 1

Exterior Features

Exterior Amenities Fire Pit,Other - See Remarks
Parking Features Attached Garage,Golf Cart Garage
Lot Features Corner Lot,Private,Waterfront,Other - See Remarks
Water Source Well
Lot Size Area 1.12
Foundation Details Basement
Road Surface Type Brick,Concrete,Paved
Door Features French Doors,Insulated Door(s),Mirrored Closet Door(s)
Other Equipment Generator
Road Responsibility Private Maintained Road
Horse Amenities None
Main Level Garage YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hickory, NC office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School T.C. Henderson Elementary School
Middle School Rosman Middle School
High School Rosman High School

Price History

4/3/2026 Listed $9,500,000
7/3/2026 6% - $8,995,000

Property vs Zip Code Average in 28747

Price
AVG $2.8M
$9M
Year Built
AVG 1995
1998
Visits
AVG 249
398
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

138 Indian Trace Lake Toxaway, NC is a Single Family Home for sale at $8995000 with 5608 sqft and a lot size of 1.12 Acres Acre(s). 138 Indian Trace Lake Toxaway has 4 bedrooms, 5 baths and was built in 1998. The property's zip code is 28747 which is in Lake Toxaway, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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