1957 & 1923 Cold Mountain Road, Lake Toxaway NC
- 4 Bed
- 6 Bath
- 2257 ft2
- 3.3 ac
For Sale $9,000,000
Remarks:
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.
Interior Features:
Built-in Features, Elevator, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Sauna, Storage, Walk-In Closet(s), Wet Bar
General Information:
| List Price: | $9,000,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2257 sqft |
| Parking: | Circular Driveway |
| MLS Number: | CAR4378991 |
| Subdivision: | Lake Toxaway Estates |
| Bathrooms: | 6 |
| Lot Description: | Sloped, Wooded, Views, Waterfront |
| Year Built: | 2001 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | T.C. Henderson |
| Middle: | Rosman |
| High: | Rosman |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-25-2026 | Price Decrease | $9,000,000-4.76% | $3,988 |
| 04-11-2026 | Listed | $9,450,000 | $4,187 |
| 10-13-2025 | Price Decrease | $350,000-12.50% | $156 |
| 04-27-2025 | Listed | $400,000 | $178 |
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 | 4 miles | KG-05 | 9 |
| Rosman Elementary | 7 miles | KG-05 | 8 |
| Summit Charter School | 9 miles | KG-06 | 8 |
| Blue Ridge School | 10 miles | KG-06 | 2 |
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 |
| 1957 & 1923 Cold Mountain Road, Lake Toxaway NC | 0 mi | $9,000,000 | days | |
| 1957 Cold Mountain Road, Lake Toxaway NC | 0 mi | $4,750,000 | days | |
| 2235 Cold Mountain Road, Lake Toxaway NC | 0.2 mi | $6,500,000 | days | |
| 64 Toxaway Shores Drive, Lake Toxaway NC | 0.3 mi | $1,495,000 | days | |
| 1585 Cold Mountain Road, Lake Toxaway NC | 0.3 mi | $4,995,000 | days | |
| 55 Toxaway Shores None, Lake Toxaway NC | 0.3 mi | $1,195,000 | 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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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28747
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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 Lake Toxaway Co.
1957 & 1923 Cold Mountain Road, Lake Toxaway NC is a 2257 ft2 on a 3.320 acres lot. This is for $9,000,000. This has 4 bedrooms, 6 baths, and was built in 2001.
Based on information submitted to the MLS GRID as of 2026-04-11 10:20:06 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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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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