photo 2
 photo 3
 photo 4
 photo 5
 photo 6
 photo 7
 photo 8
 photo 9
 photo 10
 photo 11
 photo 12
 photo 13
 photo 14
 photo 15
 photo 16
 photo 17
 photo 18
 photo 19
 photo 20
 photo 21
 photo 22
 photo 23
 photo 24
 photo 25
 photo 26
 photo 27
 photo 28
 photo 29
 photo 30
 photo 31
 photo 32
 photo 33
 photo 34
 photo 35
 photo 36
 photo 37
 photo 38
 photo 39
 photo 40
 photo 41
 photo 42
 photo 43
 photo 44
 photo 45
 photo 46
 photo 47
 photo 48
48 photos

$9,000,000

Lake Toxaway, NC 28747
Listed by Kenneth McCall · Lake Toxaway Co.
Bedrooms
4
Bathrooms
5.1
Living area
4,577 sqft
Year built
2001

About this home

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.

Highlights

Fireplace

Property details

MLS #
CAR4378991
Property type
Single Family Residence
Subdivision
Lake Toxaway Estates
Status
Active
Days on market
3
On market date
N/A
Stories
N/A
Garage spaces
1
Lot size
N/A
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
T C Henderson
3.89 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
7.52 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
7.51 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

Mortgage calculator

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

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$54,349/mo
$1,800,000 down
$7,200,000 loan
Principal & interest$46,699
Property tax (est.)$7,500
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated May 11, 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.