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 5 & 1/2 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 2 1/2; 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.
For sale
$9,000,000
TBD Cold Mountain Road, Lake Toxaway, NC 28747
4beds
--sqft
Single Family Residence
Built in 2001
3.32 Acres Lot
$2,772,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 48 days |
- 160 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Kenneth McCall,
Lake Toxaway Company
Source: HCMLS,MLS#: 1003251Originating MLS: Highlands Cashiers Board of Realtors
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Trash Compactor, Washer
- Laundry: Main Level
Features
- Beamed Ceilings, Bookcases, Ceiling Fan(s), Cathedral Ceiling(s), Elevator, See Remarks, Sauna
- Flooring: Carpet, Tile, Wood
- Basement: Exterior Entry,Garage Access,Interior Entry,Partially Finished,Walk-Up Access,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Great Room, Wood Burning
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway
- Garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Porch
- Exterior features: Dock, Propane Tank - Leased, Water Feature
- Pool features: Community
- Has view: Yes
- View description: Lake, Mountain(s), Trees/Woods
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront
- Body of water: Lake Toxaway
Lot
- Size: 3.32 Acres
- Features: Native Plants, Many Trees, Sloped, Views, Wooded, Waterfront
- Topography: Sloping
Details
- Parcel number: 8513815471
- Zoning description: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 2001
Utilities & green energy
- Electric: Generator
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Connected, High Speed Internet Available, Propane, Phone Available
Community & HOA
Community
- Features: Clubhouse, Fitness Center, Golf, Lake, Marina, Playground, Pickleball, Pool, Putting Green, Racquetball, Tennis Court(s), Trails/Paths
- Security: Security System
- Subdivision: Lake Toxaway Estates
HOA
- Has HOA: Yes
- Amenities included: Playground, Security, Trail(s)
- HOA name: Lake Toxaway Community Association
Location
- Region: Lake Toxaway
Financial & listing details
- Annual tax amount: $29,338
- Date on market: 5/8/2026
- Cumulative days on market: 49 days
- Road surface type: Asphalt
Estimated market value
$2,772,800
$2.19M - $3.58M
$5,086/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $9,000,000 |
Source: HCMLS #1003251 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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
Nearby schools
GreatSchools rating
- 4/10T C Henderson ElementaryGrades: PK-5Distance: 3.9 mi
- 8/10Rosman MiddleGrades: 6-8Distance: 7.5 mi
- 7/10Rosman HighGrades: 9-12Distance: 7.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Transylvania County
- Lake Toxaway
- 28747
- TBD Cold Mountain Road






