516 Cherokee Trace

Lake Toxaway, NC
$ 1,395,000 Beds 4 Baths 4 Sq 3,135
Monthly Estimate* How much can I afford?

Set in the heart of Lake Toxaway’s premier golf community, 516 Cherokee Trace offers an exceptional blend of comfort, convenience, with a view of Lakeside Mountain. This beautifully appointed home captures expansive vistas of the golf course, including a stunning perspective of Hole #16 and its pristine green—an ever-changing backdrop that can be enjoyed from multiple vantage points throughout the property. This 3,135 square foot residence features 4 bedrooms and 4 bathrooms, thoughtfully designed to provide both privacy and inviting gathering spaces. The interior is being offered furnished with select exceptions, allowing for an easy transition into mountain living. Ideally located just moments from the club, this home combines accessibility with a sense of retreat. A two-car garage, along with an additional two-car carport, ensures ample parking and a covered, welcoming entrance for residents and guests alike. Whether you're seeking a full-time residence or a mountain getaway, this property delivers scenic beauty, functional design, and a coveted location within one of Lake Toxaway’s most desirable settings. Membership to Lake Toxaway Country Club is based on application and availability.

Single Family

  • Price
  • $ 1,395,000
  • City
  • Lake Toxaway
  • Bedrooms
  • 4
  • Full Bathrooms
  • 4
  • County
  • TRANSYLVANIA
  • Half Bathrooms
  • 0
  • Area
  • Transylvania County
  • Lot Size
  • 0.62 Acres
  • Zip
  • 28747
  • Sqr Footage
  • 3,135
  • Year Built
  • 1991
  • Style
  • MLS#
  • 4377271
Listed By: Lake Toxaway Co.; ross@laketoxaway.com
Data Source: Canopy MLS

Features

General

Living Area 3135
Sewer Septic Installed
Heating Heat Pump
Cooling Central Air
Utilities Cable Available,Electricity Connected,Phone Connected
Appliances Dishwasher,Electric Range,Microwave,Refrigerator,Washer/Dryer,Wine Refrigerator
HOA Fee 4085
Garage Spaces 2
Construction Materials Wood
Year Built 1991
View Golf Course
Levels One
Property Subtype Single Family Residence
Parcel Number 8512-86-1683-000
Elevation 3000
Waterfront Features Boat Ramp – Community
Assoc Fee Paid Per Annually
County Transylvania
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Lake Toxaway Estates
Garage Y/N Yes
Full Baths 4
Directions From the main entrance,follow West Club Blvd. to the first stop sign. Go straight through to continue onto Chestnut Trace. At the next stop sign,turn right. Go through the next stop sign,then cros
High School Unspecified
City Lake Toxaway
Association Name LTCA
Senior Community Y/N No
Lot Size Units Acres
Carport Spaces 2
Carport Y/N Yes
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N No
Standard Status Active
CAR_HOASubjectTo Required
Construction Type Site Built
Tax Assessed Value 870080

Interior Features

Basement Exterior Entry,Full,Interior Entry,Walk-Out Access,Walk-Up Access
Flooring Slate,Vinyl,Wood
Fireplace Features Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1968
Laundry Features Laundry Room,Main Level
Total Bedrooms 4
Below Grade Finished Area 1167
Total Baths 4
SqFt Main 1968
SqFt Garage 649
Bedroom 3

Exterior Features

Parking Features Attached Carport,Driveway,Garage Faces Side
Water Source Well
Lot Size Area 0.62
Foundation Details Crawl Space
Road Surface Type Concrete,Paved
Road Responsibility Private Maintained Road
Main Level Garage YN No

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
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

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 Unspecified Elementary School
Middle School Unspecified Middle School
High School Unspecified High School

Price History

5/2/2026 Listed $1,395,000

Property vs Zip Code Average in 28747

Price
AVG $2.8M
$1.4M
Year Built
AVG 1995
1991
Visits
AVG 249
297
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

516 Cherokee Trace Lake Toxaway, NC is a Single Family Home for sale at $1395000 with 3135 sqft and a lot size of 0.62 Acres Acre(s). 516 Cherokee Trace Lake Toxaway has 4 bedrooms, 4 baths and was built in 1991. 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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