905 Cold Mountain Road, Lake Toxaway, NC 28747
What's special
Welcome to an extraordinary lakefront estate on Lake Toxaway, Western North Carolina’s largest private lake, offering an unmatched blend of luxury, privacy, and future potential. Spanning 2.89 acres across two addresses, 905 Cold Mountain Road and 92 Mallard Point, this rare property features two beautifully appointed homes, three additional buildable lots, multiple boat slips, and a full set of architectural plans by nationally recognized architect Dawn K. Sherry. Her vision takes full advantage of the sweeping lake and mountain views, creating an inspiring opportunity for a true legacy home. The waterfront main home offers four bedrooms and four bathrooms, along with expansive lake-facing decks perfect for entertaining and a private boathouse. Just steps away, the fully renovated guest home provides a charming retreat with three bedrooms and two and a half baths. It features hardwood floors throughout, a spacious sunroom with panoramic lake views, a large covered porch, and an attached carport. Whether used as a guest residence, rental, or temporary living space while building, it delivers comfort and elegance with unobstructed views of the lake and surrounding Blue Ridge Mountains. Set in a quiet, secluded cove on Lake Toxaway, the estate also includes a large cleared lawn, a basketball court, and multiple boat slips along a stone seawall. With three additional buildable lots included, the property offers exceptional flexibility for expansion, investment, or creating a multi-generational compound. Buyers are drawn to Lake Toxaway for its peaceful waters, rich legacy, and exclusive atmosphere. The lake spans 640 acres with 14 miles of shoreline and is reserved exclusively for property owners. The area’s prestige is further elevated by the nearby Lake Toxaway Country Club, which offers golf, tennis, fine dining, and more by invitation only. Whether you are seeking a turnkey lakefront lifestyle, the foundation for a custom build, or a one-of-a-kind family retreat, this exceptional estate on Lake Toxaway delivers the best of mountain and waterfront living in one of the Southeast’s most coveted lake communities in the Blue Ridge Mountains.
- 166 days |
- 352 |
- 21 |
Travel times
Kitchen - Guest House
Family Room - Guest House
Living Room - Guest House
Lake Views
Primary Bedroom Guest House
Primary Bedroom - Main House
Primary Bathroom - Guest House
Bedroom 2 - Guest House
Screened Porch of Main House
Family Room - Main House
Dock
Zillow last checked:
Listing updated:
Mitzi Rauers,
Berkshire Hathaway HomeServices Meadows Mountain Realty,
Judith Michaud,
Berkshire Hathaway HomeServices Meadows Mountain Realty
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Bedroom 1
- Level: Main
Bedroom 2
- Level: Lower
Bedroom 3
- Level: Lower
Heating
- Central
Cooling
- Other
Appliances
- Included: Dishwasher, Refrigerator
- Laundry: Other
Features
- Open Floorplan, Other
- Flooring: Hardwood, Tile
- Basement: Other
- Number of fireplaces: 1
- Fireplace features: Living Room, Stone, Wood Burning
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Circular Driveway, Carport, Paved, Parking Lot
- Garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
Features
- Levels: Two
- Stories: 1
- Patio & porch: Covered, Enclosed, Patio, Porch, Screened
- Exterior features: Dock, Fire Pit
- Pool features: Community
- Has view: Yes
- View description: Lake, Mountain(s)
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake, Waterfront
- Body of water: Lake Toxaway
Lot
- Size: 2.89 Acres
- Features: Back Yard, Cleared, Waterfront, Level, Rolling Slope
- Topography: Level,Rolling
Details
- Additional structures: Boat House, Guest House, Residence
- Parcel number: 8522196519000, 8522196347000
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Sewer Applied for Permit
- Water: Private
- Utilities for property: Electricity Connected, Other, See Remarks, Water Connected
Community & HOA
Community
- Features: Clubhouse, Fitness Center, Golf, Lake, Playground, Pool, Tennis Court(s)
- Subdivision: Lake Toxaway Estates
HOA
- Has HOA: Yes
- HOA fee: $2,496 annually
- HOA name: Lake Toxaway Community Association
- Second HOA fee: $2,496 annually
- Second HOA name: Lake Toxaway Community Association
Location
- Region: Lake Toxaway
Financial & listing details
- Tax assessed value: $2,135,430
- Annual tax amount: $18,851
- Date on market: 4/17/2026
- Cumulative days on market: 479 days
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2026 | Price change | $5,750,000-11.5% |
Source: HCMLS #1003105 Report a problem | ||
| 4/17/2026 | Listed for sale | $6,500,000 |
Source: HCMLS #1003105 Report a problem | ||
| 4/14/2026 | Listing removed | $6,500,000 |
Source: BHHS broker feed #1001104 Report a problem | ||
| 2/14/2026 | Listed for sale | $6,500,000 |
Source: HCMLS #1001104 Report a problem | ||
| 11/11/2025 | Pending sale | $6,500,000 |
Source: BHHS broker feed #1001104 Report a problem | ||
| 11/11/2025 | Contingent | $6,500,000 |
Source: HCMLS #1001104 Report a problem | ||
| 6/6/2025 | Listed for sale | $6,500,000+356.1% |
Source: HCMLS #1001104 Report a problem | ||
| 2/15/2006 | Sold | $1,425,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,261 -5.7% | $2,135,430 +29.1% |
| 2024 | $10,886 | $1,653,630 |
| 2023 | $10,886 | $1,653,630 |
| 2022 | $10,886 +0.8% | $1,653,630 |
| 2021 | $10,803 -17% | $1,653,630 -11.5% |
| 2020 | $13,010 +0.7% | $1,869,200 |
| 2019 | $12,916 +22.2% | $1,869,200 |
| 2018 | $10,568 +1.2% | $1,869,200 +83.4% |
| 2017 | $10,447 | $1,019,200 |
| 2016 | $10,447 | $1,019,200 -13% |
| 2015 | -- | $1,171,620 |
| 2014 | -- | $1,171,620 |
| 2013 | -- | $1,171,620 |
| 2012 | -- | $1,171,620 -17.6% |
| 2011 | -- | $1,421,620 |
| 2010 | -- | $1,421,620 |
Find assessor info on the county website
Monthly payment
Estimated market value
$5,057,300
$4.80M - $5.36M
Not available
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.