138 Indian Trace, Lake Toxaway NC
- 4 Bed
- 7 Bath
- 3784 ft2
- 1.1 ac
For Sale $8,995,000
Remarks:
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.
Exterior Features:
Fire Pit, Other - See Remarks
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
General Information:
| List Price: | $8,995,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 3784 sqft |
| Parking: | Attached Garage, Golf Cart Garage |
| MLS Number: | CAR4361067 |
| Subdivision: | Lake Toxaway Estates |
| Style: | Old World, Traditional |
| Bathrooms: | 7 |
| Lot Description: | Corner Lot, Private, Waterfront, Other - See Remarks |
| Year Built: | 1998 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | T.C. Henderson |
| Middle: | Rosman |
| High: | Rosman |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 07-14-2026 | Listed | $8,995,000 | $2,378 |
| 11-13-2025 | Under Contract | $1,150,000-4.17% | $304 |
| 09-14-2025 | Listed | $1,200,000 | $318 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| T C Henderson Elementary | 3 miles | KG-05 | 9 |
| Rosman Elementary | 7 miles | KG-05 | 8 |
| Summit Charter School | 9 miles | KG-06 | 8 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 138 Indian Trace, Lake Toxaway NC | 0 mi | $8,995,000 | days | |
| 40 Toxaway Landing Drive, Lake Toxaway NC | 0.4 mi | $1,495,000 | days | |
| 68 Toxaway Point, Lake Toxaway NC | 0.5 mi | $915,000 | days | |
| 572 East Shore Drive, Lake Toxaway NC | 0.5 mi | $2,950,000 | days | |
| 987 Cold Mountain Road, Lake Toxaway NC | 0.6 mi | $3,250,000 | days | |
| 601 Hawk Mountain Road, Lake Toxaway NC | 0.6 mi | $1,600,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28747
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Fisher Realty,Sapphire/Toxaway
138 Indian Trace, Lake Toxaway NC is a 3784 ft2 on a 1.120 acres lot. This is for $8,995,000. This has 4 bedrooms, 7 baths, and was built in 1998.
Based on information submitted to the MLS GRID as of 2026-07-14 10:21:31 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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