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    • $2,800,000

    987 Cold Mountain Rd, Lake Toxaway, NC 28747

    3beds
    2,338sqft
    Single Family Residence
    Built in 1973
    0.6 Acres Lot
    $2,800,000 Zestimate®
    $1,198/sqft
    $2,945 Estimated rent

    Home value

    $2,800,000

    $2.66M - $2.94M

    $2,945/mo

    Zestimate® history
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    What's special

    Quaint cottageRare nearly level lawnTastefully updatedOpen living-dining-kitchen layoutPrimary suiteExceptional lotDesigned for easy living
    Quaint cottage on an exceptional lot in Lake Toxaway Estates. Set on over half an acre of nearly level property that gently slopes to the shoreline of North Carolina’s largest private lake, the home offers open water and full mountain views with Toxaway Mountain in the background. Tastefully updated and designed for easy living, the home features 3 bedrooms plus a flex room and an open living-dining-kitchen layout. Ideal for gathering with family and friends, most areas boast views over the lawn and out to the lake. The main level includes a primary suite and a secondary flex room/sleeping space with an ensuite bath, while an additional bedroom and bunkroom above share a connecting bath. Natural light fills the sunroom, and an additional enclosed porch provides a great space for casual entertaining, complete with grill, refrigerator, and prep area. Outside, the property truly stands out: a rare, nearly level lawn leads to a large stone waterfront seating area and covered dock for easy days on the water. Located just off Cold Mountain Road and set back along a winding driveway for privacy, this is a unique opportunity to own a lakefront home with wide water views in one of Lake Toxaway’s most beautiful settings.

    Zillow last checked:

    Listing updated:

    Listed by:

    Amanda Jennings Gravley ajennings@fisherrealtync.com,

    Fisher Realty,Sapphire/Toxaway

    Bought with:

    Reginald Heinitsh

    Lake Toxaway Co.

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4354164MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Main
    Bedroom s
    • Level: Upper
    Bedroom s
    • Level: Upper
    Bathroom full
    • Level: Main
    Bathroom full
    • Level: Main
    Bathroom full
    • Level: Upper
    Dining area
    • Level: Main
    Flex space
    • Level: Main
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    Sunroom
    • Level: Main
    Heating
    • Electric, Forced Air, Propane
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Dryer, Electric Oven, Microwave, Washer
    • Laundry: In Kitchen
    Features
    • Open Floorplan, Storage
    • Has basement: No
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 2,338
    • Total interior livable area: 2,338 sqft
    • Finished area above ground: 2,338
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached Carport, Driveway, Parking Space(s)
    • Carport spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio, Screened
    • Has view: Yes
    • View description: Mountain(s), Water, Year Round
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Boat Ramp – Community, Boat Slip – Community, Dock, Retaining Wall, Waterfront
    • Body of water: Lake Toxaway
    Lot
    • Size: 0.6 Acres
    • Features: Green Area, Level, Views
    Details
    • Additional structures: Boat House
    • Parcel number: 8522192681000
    • Zoning: Res
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Brick Partial, Wood
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1973

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: Well

    Community & HOA

    Community
    • Features: Boat Storage, Lake Access, Picnic Area, Playground, Walking Trails, Other
    • Subdivision: Lake Toxaway Estates
    HOA
    • Has HOA: Yes
    • HOA fee: $5,292 annually
    • HOA name: IPM/Lake Toxaway Community Association
    • HOA phone: 828-966-9453
    Location
    • Region: Lake Toxaway
    • Elevation: 3000 Feet

    Financial & listing details

    • Price per square foot: $1,198/sqft
    • Tax assessed value: $2,012,730
    • Annual tax amount: $967,117
    • Date on market: 3/7/2026
    • Cumulative days on market: 88 days
    • Listing terms: Cash,Conventional
    • Road surface type: Asphalt, Gravel, Paved

    Price history

    DateEventPrice
    6/18/2026Sold$2,800,000-13.8%$1,198/sqft
    Source: Canopy MLS as distributed by MLS GRID #4354164 Report a problem
    6/17/2026Pending sale$3,250,000$1,390/sqft
    Source: HCMLS #1002821 Report a problem
    6/4/2026Contingent$3,250,000$1,390/sqft
    Source: HCMLS #1002821 Report a problem
    3/7/2026Listed for sale$3,250,000$1,390/sqft
    Source: Canopy MLS as distributed by MLS GRID #4354164 Report a problem
    1/19/2026Listing removed--
    Source: Owner Report a problem
    10/21/2025Listed for sale$3,250,000+30%$1,390/sqft
    Source: Owner Report a problem
    9/9/2024Listing removed$2,500,000-23.1%$1,069/sqft
    Source: Canopy MLS as distributed by MLS GRID #4070374 Report a problem
    7/6/2024Price change$3,250,000-7.1%$1,390/sqft
    Source: Canopy MLS as distributed by MLS GRID #4070374 Report a problem
    9/19/2023Listed for sale$3,500,000$1,497/sqft
    Source: HCMLS #102978 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$967,117 +13725.4%$2,012,730 +89.4%
    2024$6,995 $1,062,620
    2023$6,995 $1,062,620
    2022$6,995 +0.8%$1,062,620
    2021$6,942 -18%$1,062,620 -12.6%
    2020$8,462 +0.7%$1,215,840
    2019$8,401 +22.2%$1,215,840
    2018$6,874 $1,215,840
    2017-- $1,215,840
    2016-- $1,215,840 -14.1%
    2015-- $1,415,950
    2014-- $1,415,950
    2013-- $1,415,950
    2012-- $1,415,950
    2011-- $1,415,950
    2010-- $1,415,950
    Find assessor info on the county website

    Neighborhood: 28747

    Nearby homes

    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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