138 Indian Trace Lake Toxaway, NC $ 8,995,000
138 Indian Trace
$ 8,995,000
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138 Indian Trace

Lake Toxaway, NC, 28747
$ 8,995,000
Bedrooms4 Baths5.2 Sq 5,608

Monthly Estimate*

$ 62,126

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Single Family Home for sale in Lake Toxaway, NC

for $8,995,000 with 4 bedrooms and 5 full baths, 2 half baths. This 5,608 square foot home was built in 1998 on a lot size of 1.12.

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.

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Single Family Active

Price

$ 8,995,000

Bedrooms

4

Full Bath

5

Half Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Old World,Traditional

Lot Size

1.12

Year Built

1998

Town/City

Lake Toxaway

County/Region

Transylvania

MLS | Web ID

4361067

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 N
Property Type Residential
HOA Y
Subdivision Name Lake Toxaway Estates
Garage Y/N Y
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 N
Lot Size Units Acres
Carport Spaces 0
Carport Y/N N
Elementary School T.C. Henderson
Middle/Junior High School Rosman
Additional Parcels Y/N N
Standard Status Active
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
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Interior
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) Y
Window Features Insulated Window(s)
Fireplace Y/N Y
Above Grade Finished Area 5608
Half Baths 2
Laundry Features Laundry Room Main Level Sink
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 7
SqFt Main 3784
SqFt Lower 0
SqFt Garage 786
SqFt Upper 1824
Bedroom 1
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Exterior
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 Y
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Internal Only
Street Number 1 138
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* Excluded Features
List By
Fisher Realty,Sapphire/Toxaway

Broker

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$62,126
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Monthly Principal & Interest
$62,126
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Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
4109179 Elementary School
2172290 Middle School
Rosman High School High School
Pricing History
DatePricePrice ChangeDescription
7/3/2026$8,995,000 -5.32% Price Down
4/3/2026$9,500,000 Listed Price

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138 Indian Trace, Lake Toxaway, NC, 28747 is a Single Family Home for sale at $8,995,000 with 5,608 sqft and a lot size of 1.12. 138 Indian Trace has 4 bedrooms, 5.2 baths, and was built in 1998. The property's zip code is 28747 which is in Lake Toxaway, NC