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  • $9,000,000

    1957 & 1923 Cold Mountain Rd, Lake Toxaway, NC 28747

    4beds
    4,577sqft
    : 
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    Single Family Residence
    Built in 2001
    3.32 Acres Lot
    $7,887,800 Zestimate®
    $1,966/sqft
    $-- HOA

    What's special

    Massive stone fireplaceLower-level family roomExpansive lakefrontSoaring beamed cathedral ceilingsRemarkable waterfront residencePaved driveTwo boathouses with docks
    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.
    63 days
    |
    373
    |
    10
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kenneth McCall scott@laketoxaway.com,

    Lake Toxaway Co.

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4378991MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Main
      Bedroom s
      • Level: Basement
      Bedroom s
      • Level: Basement
      Bedroom s
      • Level: Basement
      Den
      • Level: Main
      Dining area
      • Level: Main
      Family room
      • Level: Basement
      Great room
      • Level: Main
      Kitchen
      • Level: Main
      Other
      • Level: Main
      Office
      • Level: Upper
      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: $1,966/sqft
      • Tax assessed value: $6,116,150
      • Date on market: 5/8/2026
      • Cumulative days on market: 594 days
      • Listing terms: Cash,Conventional
      • Road surface type: Concrete, Paved

        Estimated market value

        $7,887,800

        $7.41M - $8.44M

        $5,257/mo

        Price history

        DateEventPrice
        5/8/2026Listed for sale$9,000,000-4.8%$1,966/sqft
        Source: Canopy MLS as distributed by MLS GRID #4378991 Report a problem
        5/1/2026Listing removed$9,450,000$2,065/sqft
        Source: Canopy MLS as distributed by MLS GRID #4259671 Report a problem
        6/30/2025Price change$9,450,000-4.1%$2,065/sqft
        Source: Canopy MLS as distributed by MLS GRID #4259671 Report a problem
        5/16/2025Listed for sale$9,850,000$2,152/sqft
        Source: Canopy MLS as distributed by MLS GRID #4259671 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 28747

        Getting around

        0 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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