1957 & 1923 Cold Mountain Road

Lake Toxaway, NC
$ 9,000,000 Beds 4 Baths 5.5 Sq 4,577
Monthly Estimate* How much can I afford?

An extraordinary and uniquely distinct opportunity to own three exceptional properties within the prestigious Lake Toxaway Estates. Together, these offerings totaling 3.32 acres total create an unparalleled legacy estate with expansive lakefront, multiple homesites, and outstanding amenities in one of Western North Carolina’s most coveted mountain communities. The centerpiece, 1957 Cold Mountain Road, is a remarkable waterfront residence designed for both grand entertaining and relaxed mountain living. The home features 4 bedrooms and 5½ baths, highlighted by a dramatic great room with a massive stone fireplace, soaring beamed cathedral ceilings, and an impressive wall of windows that captures breathtaking lake views. A chef’s kitchen is equipped with Viking ovens and range, dual dishwashers, and a large center island ideal for gathering. The lower-level family room offers a one-of-a-kind pizza oven, creating the perfect setting for casual entertaining. Additional features include a sauna, elevator, whole-home generator, circular drive, expansive landscaping, and generous covered porches designed to embrace the natural beauty of the surroundings. The property also includes two boathouses with docks and a paved cart path leading directly from the home to one of the boathouses. Ideally positioned across the lake from the Marina, Country Club, and Golf Course, the setting combines privacy with exceptional convenience. Also included is 1923 Cold Mountain Road, consisting of 2½ lots totaling 1.278 acres with the flexibility to subdivide. This exceptional lakefront parcel features a paved drive, boathouse, and docks, offering tremendous potential for an additional residence, guest retreat, or future investment opportunity. Completing the offering is Lot 50N, a 1.37-acre parcel located across Cold Mountain Road from the other properties. Easily developable or marketable as a separate homesite, this parcel adds even greater flexibility and long-term value to this rare multi-property offering. This is a truly extraordinary chance to create a private family compound, investment portfolio, or legacy estate in the heart of Lake Toxaway.

Single Family

  • Price
  • $ 9,000,000
  • City
  • Lake Toxaway
  • Bedrooms
  • 4
  • Full Bathrooms
  • 5
  • County
  • TRANSYLVANIA
  • Half Bathrooms
  • 1
  • Area
  • Transylvania County
  • Lot Size
  • 3.32 Acres
  • Zip
  • 28747
  • Sqr Footage
  • 4,577
  • Year Built
  • 2001
  • Style
  • MLS#
  • 4378991
Listed By: Lake Toxaway Co.; scott@laketoxaway.com
Data Source: Canopy MLS

Features

General

Living Area 4577
Sewer Septic Installed
Heating Forced Air,Heat Pump,Propane
Cooling Central Air
Roof Metal
Appliances Dishwasher,Disposal,Dryer,Exhaust Hood,Gas Range,Refrigerator,Washer,Washer/Dryer
Garage Spaces 1
Patio/Porch Features Covered,Deck,Front Porch
Security Features Security System
Construction Materials Fiber Cement,Stone
Year Built 2001
View Mountain(s),Water
Levels Two
Property Subtype Single Family Residence
Parcel Number 8513-81-5471-000
Elevation 3000
Waterfront Features Boat Ramp
Community Features Lake Access,Picnic Area,Playground,Pond,Walking Trails
Additional Parcels Description 8513-81-6286-000,8513-81-8458-000
County Transylvania
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Lake Toxaway Estates
Garage Y/N Yes
Full Baths 5
Directions Travel Hwy 64 West to right on Blue Ridge Road. Turn left onto Cold Mtn Road just past the Lake Toxaway VFD on the right. The home will be on your left,marked 1957.
High School Rosman
City Lake Toxaway
Body of Water Lake Toxaway
Senior Community Y/N No
Lot Size Units Acres
Carport Spaces 1
Carport Y/N Yes
Elementary School T.C. Henderson
Middle/Junior High School Rosman
Additional Parcels Y/N Yes
Standard Status Active
CAR_HOASubjectTo Required
Construction Type Site Built
Restrictions Architectural Review,Building,Deed,Manufactured Home Not Allowed,Modular Not Allowed,Short Term Rental Allowed,Square Feet,Subdivision
Tax Assessed Value 6116150
Listing Terms Cash,Conventional

Interior Features

Basement Interior Entry,Partially Finished,Walk-Out Access,Walk-Up Access
Flooring Carpet,Tile,Wood
Fireplace Features Great Room,Wood Burning
Basement (Y/N) Yes
Window Features Insulated Window(s),Skylight(s)
Fireplace Y/N Yes
Above Grade Finished Area 2897
Half Baths 1
Laundry Features Mud Room
Total Bedrooms 4
Below Grade Finished Area 1680
Total Baths 6
SqFt Main 2257
SqFt Upper 640
Bedroom 1

Exterior Features

Parking Features Circular Driveway
Lot Features Sloped,Wooded,Views,Waterfront
Water Source Well
Lot Size Area 3.32
Foundation Details Basement
Road Surface Type Concrete,Paved
Door Features Insulated Door(s)
Road Responsibility Publicly Maintained Road
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
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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

5/8/2026 Listed $9,000,000

Property vs Zip Code Average in 28747

Price
AVG $2.8M
$9M
Year Built
AVG 1995
2001
Visits
AVG 249
280
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

1957 & 1923 Cold Mountain Road Lake Toxaway, NC is a Single Family Home for sale at $9000000 with 4577 sqft and a lot size of 3.32 Acres Acre(s). 1957 & 1923 Cold Mountain Road Lake Toxaway has 4 bedrooms, 5 baths and was built in 2001. 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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