138 Indian Trace
Lake Toxaway, NC 28747
Est. $54,444/mo20% down · 6.5% · 30-yrAdjust
- P&I$45,484
- Taxes$5,622
- Insurance$2,998
- PMI$0
- HOA$340
Principal, interest, property tax, insurance & HOA. Estimate only — not a loan offer.
$1,604/Sq Ft
4 bd · 5 ba · 5,608 sqft · $1,604/sqft
Waterfront
HOA & Association
About This Home
A rare opportunity to acquire one of Lake Toxaway's most distinguished waterfront estates, now offered at an exceptional new price. One of Lake Toxaway and Western North Carolina’s most magnificent legacy homes, this masterfully crafted 4BR, 5.5BA estate is situated on two premier lakefront point lots with an extraordinary 326 feet of shoreline on fabled Lake Toxaway.
Ideally positioned just moments from the Lake Toxaway Country Club, Greystone Inn, marina, and the community’s most desirable amenities, the residence offers a rare combination of privacy, convenience, and timeless prestige.
Inspired by classic Old World architecture and built with uncompromising attention to detail, the home showcases extensive hand-laid stonework, grand and inviting living spaces, soaring ceilings, and three wood-burning masonry fireplaces that create a warm yet refined mountain ambiance. The chef’s kitchen is designed for both elevated entertaining and everyday enjoyment, seamlessly connecting to the home’s gracious gathering areas.
The expansive primary suite is a true retreat, featuring an elegant en-suite paneled library and spa-inspired bath. Upstairs, generously sized guest suites provide comfort and privacy, while a spacious bonus room with full bath above the two-car garage offers flexible living for guests or recreation.
Designed for exceptional indoor-outdoor living, the estate features expansive entertaining spaces including a covered dining porch, lakeside firepit, and multiple vantage points to take in the sweeping lake and mountain views. Outdoor amenities are unmatched, with a large stationary dock, rare two-stall boathouse, and exceptional shoreline access.
Additional highlights include a golf cart garage, full-house generator, and thoughtfully designed storage and utility spaces that enhance year-round comfort and peace of mind.
With one of the most spectacular lake and mountain settings in all of Western North Carolina, this is a truly rare offering—an irreplaceable legacy estate and a once-in-a-generation opportunity on Lake Toxaway.
Property history
-
Jul 3, 2026Price reduced $8,995,000 ActiveWas $9,500,000
-
Jun 24, 2026Status changed to Off Market $9,995,000 Off MarketCanceled -> Off Market
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Apr 3, 2026Listed for sale $8,995,000 Active171 days on market
-
Feb 23, 2026Status changed to Off Market $9,995,000 Off MarketCanceled -> Off Market
-
Dec 3, 2025Status changed to Canceled $9,995,000 CanceledOff Market -> Canceled
-
Oct 5, 2025Price reduced $9,995,000 Off MarketWas $10,250,000
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Dec 27, 2024Previously listed $9,995,000 Off Market
Property Details
Interior Details
- Heating
- Forced Air
- Propane
- Zoned
- Flooring
- Carpet
- Tile
- Wood
- Main Level Sq Ft
- 3784
- Room Count
- 16
- Other Sq Ft
- 612
- Upper Level Sq Ft
- 1824
- Exclusions
- Seller to provide list of exceptions
- Garage Sq Ft
- 786
- Main Level Bedrooms
- 1
- Upper Level Bedrooms
- 3
- Main Level Full Baths
- 1
- Main Level Half Baths
- 2
- Door Features
- French Doors
- Insulated Door(s)
- Mirrored Closet Door(s)
- Upper Level Full Baths
- 4
- Upper Level Half Baths
- 0
- Half Bathrooms
- 2
- Total Bathrooms
- 7
- Window Features
- Insulated Window(s)
- Laundry Features
- Laundry Room
- Main Level
- Sink
- Interior Features
- Breakfast Bar
- Built-in Features
- Cable Prewire
- Drop Zone
- Entrance Foyer
- Garden Tub
- Kitchen Island
- Open Floorplan
- Pantry
- Split Bedroom
- Storage
- Walk-In Closet(s)
- Walk-In Pantry
- Wet Bar
- Other - See Remarks
- Main Level Garage
- Yes
- Security Features
- Carbon Monoxide Detector(s)
- Security Service
- Security System
- Smoke Detector(s)
- Fireplace Features
- Den
- Family Room
- Fire Pit
- Great Room
- Wood Burning
- Second Living Quarters
- Upper Level Garage
Dwelling And Structure
- Architectural Style
- Old World
- Traditional
- Construction Type
- Site Built
Square Footage And Levels
- Levels
- One and One Half
- Above Grade Finished Area
- 5608
Parking And Garage
- Parking Features
- Attached Garage
- Golf Cart Garage
Exterior Features
- Roof
- Slate
- Exterior Features
- Fire Pit
- Other - See Remarks
- Construction Materials
- Stone
- Synthetic Stucco
- Wood
- Patio And Porch Features
- Covered
- Deck
- Front Porch
- Porch
- Other - See Remarks
Lot And Land
- Lot Features
- Corner Lot
- Private
- Waterfront
- Other - See Remarks
- Lot Size Acres
- 1.12
- Lot Size Units
- Acres
- Other Structures
- Other - See Remarks
Basement And Foundation
- Basement
- Exterior Entry
- Storage Space
- Unfinished
- Foundation Details
- Basement
Waterfront And View
- View
- Mountain(s)
- Water
- Year Round
- Waterfront Features
- Boat Ramp – Community
- Dock
Utilities
- Sewer
- Septic Installed
- Utilities
- Cable Available
- Cable Connected
- Electricity Connected
- Fiber Optics
- Phone Connected
- Propane
- Satellite Internet Available
- Underground Power Lines
- Underground Utilities
- Wired Internet Available
- Water Source
- Well
Financial Information
- City Taxes Paid To
- No City Taxes Paid
- Hoa Dues
- Mandatory
Zoning And Restrictions
- Subject To Ccrs
- Yes
- Restrictions
- Architectural Review
- Building
- Deed
- Livestock Restriction
- Manufactured Home Not Allowed
- Modular Not Allowed
- Short Term Rental Allowed
- Square Feet
- Subdivision
Listed by Amanda Jennings Gravley (828-200-2944) · Fisher Realty,Sapphire/Toxaway (828-966-9290)
Location
- Address
- 138 Indian Trace
- City
- Lake Toxaway, NC 28747
- Community
- Lake Toxaway Estates
Schools
- Elementary
- T.C. Henderson
- Middle
- Rosman
- High
- Rosman
School assignments may change. Contact the school district to confirm.
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