1957 & 1923 Cold Mountain Road Lake Toxaway, NC $ 9,000,000
1957 & 1923 Cold Mountain Road
$ 9,000,000
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1957 & 1923 Cold Mountain Road

Lake Toxaway, NC, 28747
$ 9,000,000
Bedrooms4 Baths5.1 Sq 4,577

Monthly Estimate*

$ 62,161

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Single Family Home for sale in Lake Toxaway, NC

for $9,000,000 with 4 bedrooms and 5 full baths, 1 half bath. This 4,577 square foot home was built in 2001 on a lot size of 3.32.

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.

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Single Family Active

Price

$ 9,000,000

Bedrooms

4

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

3.32

Year Built

2001

Town/City

Lake Toxaway

County/Region

Transylvania

MLS | Web ID

4378991

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 N
Property Type Residential
HOA Y
Subdivision Name Lake Toxaway Estates
Garage Y/N Y
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 N
Lot Size Units Acres
Carport Spaces 1
Carport Y/N Y
Elementary School T.C. Henderson
Middle/Junior High School Rosman
Additional Parcels Y/N Y
Standard Status Active
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
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Interior
Basement Interior Entry Partially Finished Walk-Out Access Walk-Up Access
Flooring Carpet Tile Wood
Fireplace Features Great Room Wood Burning
Basement (Y/N) Y
Window Features Insulated Window(s) Skylight(s)
Fireplace Y/N Y
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 Lower 0
SqFt Upper 640
Bedroom 1
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Exterior
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 Y
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* Excluded Features
List By
Lake Toxaway Co.

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$62,161
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$62,161
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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
5/8/2026$9,000,000 Listed Price

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1957 & 1923 Cold Mountain Road, Lake Toxaway, NC, 28747 is a Single Family Home for sale at $9,000,000 with 4,577 sqft and a lot size of 3.32. 1957 & 1923 Cold Mountain Road has 4 bedrooms, 5.1 baths, and was built in 2001. The property's zip code is 28747 which is in Lake Toxaway, NC