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.
Active
Price cut: $260K (10/21)
$8,740,000
1957 & 1923 Cold Mountain Rd, Lake Toxaway, NC 28747
4beds
4,577sqft
Single Family Residence
Built in 2001
3.32 Acres Lot
$-- Zestimate®
$1,910/sqft
$-- HOA
What's special
Massive stone fireplaceLower-level family roomExpansive lakefrontSoaring beamed cathedral ceilingsRemarkable waterfront residencePaved driveTwo boathouses with docks
- 179 days
- 311
- 12
Zillow last checked:
Listing updated:
Listed by:
Kenneth McCall scott@laketoxaway.com,
Lake Toxaway Co.
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4378991
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air, Heat Pump, Propane
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Hood, Gas Range, Refrigerator, Washer, Washer/Dryer
- Laundry: Mud Room
Features
- Flooring: Carpet, Tile, Wood
- Doors: Insulated Door(s)
- Windows: Insulated Windows, Skylight(s)
- Basement: Interior Entry,Partially Finished,Walk-Out Access,Walk-Up Access
- Fireplace features: Great Room, Wood Burning
Interior area
- Total structure area: 2,897
- Total interior livable area: 4,577 sqft
- Finished area above ground: 2,897
- Finished area below ground: 1,680
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway, Garage on Main Level
- Garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch
- Has view: Yes
- View description: Mountain(s), Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Boat Ramp, Waterfront
- Body of water: Lake Toxaway
Lot
- Size: 3.32 Acres
- Features: Sloped, Wooded, Views
Details
- Additional parcels included: 8513-81-6286-000, 8513-81-8458-000
- Parcel number: 8513815471000
- Zoning: None
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Stone
- Roof: Metal
Condition
- New construction: No
- Year built: 2001
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Features: Lake Access, Picnic Area, Playground, Pond, Walking Trails
- Security: Security System
- Subdivision: Lake Toxaway Estates
HOA
- Has HOA: Yes
Location
- Region: Lake Toxaway
- Elevation: 3000 Feet
Financial & listing details
- Price per square foot: $1,910/sqft
- Tax assessed value: $6,116,150
- Date on market: 5/8/2026
- Cumulative days on market: 710 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Price change | $8,740,000-2.9%$1,910/sqft |
Source: | ||
| 5/8/2026 | Listed for sale | $9,000,000-4.8%$1,966/sqft |
Source: | ||
| 5/1/2026 | Listing removed | $9,450,000$2,065/sqft |
Source: | ||
| 6/30/2025 | Price change | $9,450,000-4.1%$2,065/sqft |
Source: | ||
| 5/16/2025 | Listed for sale | $9,850,000$2,152/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28747
Nearby schools
Schools provided by the listing agent
- Elementary: T.C. Henderson
- Middle: Rosman
- High: Rosman
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






