Single Family Residence at Lake Toxaway
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$1,395,000

Lake Toxaway, NC 28747
Listed by Ross Hyett · Lake Toxaway Co.
Bedrooms
4
Bathrooms
4
Living area
3,135 sqft
Year built
1991

About this home

Set in the heart of Lake Toxaway’s premier golf community, 516 Cherokee Trace offers an exceptional blend of comfort, convenience, with a view of Lakeside Mountain. This beautifully appointed home captures expansive vistas of the golf course, including a stunning perspective of Hole #16 and its pristine green—an ever-changing backdrop that can be enjoyed from multiple vantage points throughout the property. This 3,135 square foot residence features 4 bedrooms and 4 bathrooms, thoughtfully designed to provide both privacy and inviting gathering spaces. The interior is being offered furnished with select exceptions, allowing for an easy transition into mountain living. Ideally located just moments from the club, this home combines accessibility with a sense of retreat. A two-car garage, along with an additional two-car carport, ensures ample parking and a covered, welcoming entrance for residents and guests alike. Whether you're seeking a full-time residence or a mountain getaway, this property delivers scenic beauty, functional design, and a coveted location within one of Lake Toxaway’s most desirable settings. Membership to Lake Toxaway Country Club is based on application and availability.

Highlights

Fireplace

Property details

MLS #
CAR4377271
Property type
Single Family Residence
Subdivision
Lake Toxaway Estates
Status
Active
Days on market
1
On market date
May 2, 2026
Stories
N/A
Total bathrooms
4
Garage spaces
2
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
T C Henderson
3.77 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
114
Student:teacher ratio
10.4:1
District
Transylvania County Schools
Middle
Rosman Middle
7.6 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
209
Student:teacher ratio
10.5:1
District
Transylvania County Schools
High
Rosman High
7.59 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
275
Student:teacher ratio
9.8:1
District
Transylvania County Schools

Walkability

Blended score for Lake Toxaway's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

25
Car-dependent
out of 100
EPA National Walkability Index
6.8 / 20 -- Below average walkable
Google Places amenity density
10 / 100
Restaurants & cafes2
Grocery stores0
Parks1
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$8,551/mo
$279,000 down
$1,116,000 loan
Principal & interest$7,238
Property tax (est.)$1,163
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated May 3, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.