987 Cold Mountain Road, Lake Toxaway NC
- 3 Bed
- 3 Bath
- 1882 ft2
- 0.6 ac
For Sale $3,250,000
Remarks:
Quaint cottage on an exceptional lot in Lake Toxaway Estates. Set on over half an acre of nearly level property that gently slopes to the shoreline of North Carolina’s largest private lake, the home offers open water and full mountain views with Toxaway Mountain in the background. Tastefully updated and designed for easy living, the home features 3 bedrooms plus a flex room and an open living-dining-kitchen layout. Ideal for gathering with family and friends, most areas boast views over the lawn and out to the lake. The main level includes a primary suite and a secondary flex room/sleeping space with an ensuite bath, while an additional bedroom and bunkroom above share a connecting bath. Natural light fills the sunroom, and an additional enclosed porch provides a great space for casual entertaining, complete with grill, refrigerator, and prep area. Outside, the property truly stands out: a rare, nearly level lawn leads to a large stone waterfront seating area and covered dock for easy days on the water. Located just off Cold Mountain Road and set back along a winding driveway for privacy, this is a unique opportunity to own a lakefront home with wide water views in one of Lake Toxaway’s most beautiful settings.
Interior Features:
Open Floorplan, Storage
General Information:
| List Price: | $3,250,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1882 sqft |
| Parking: | Attached Carport, Driveway, Parking Space(s) |
| MLS Number: | CAR4354164 |
| Subdivision: | Lake Toxaway Estates |
| Bathrooms: | 3 |
| Lot Description: | Green Area, Level, Views, Waterfront |
| Year Built: | 1973 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | T.C. Henderson |
| Middle: | Rosman |
| High: | Rosman |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 04-21-2026 | Listed | $3,250,000 | $1,727 |
| 03-21-2026 | Listed | $299,000 | $159 |
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 | 10 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 |
| 987 Cold Mountain Road, Lake Toxaway NC | 0 mi | $3,250,000 | days | |
| 40 Toxaway Landing Drive, Lake Toxaway NC | 0.4 mi | $1,495,000 | days | |
| 1957 & 1923 Cold Mountain Road, Lake Toxaway NC | 0.6 mi | $9,450,000 | days | |
| 1957 Cold Mountain Road, Lake Toxaway NC | 0.6 mi | $4,950,000 | days | |
| 412 Cherokee Trace, Lake Toxaway NC | 0.8 mi | $1,600,000 | days | |
| 408 & 586 Little Elbow Mountain Road, Lake Toxaway NC | 0.9 mi | $2,399,000 | 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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Mortgage Calculator
| 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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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28747
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Occupancy Types |
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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
987 Cold Mountain Road, Lake Toxaway NC is a 1882 ft2 on a 0.600 acres lot. This is for $3,250,000. This has 3 bedrooms, 3 baths, and was built in 1973.
Based on information submitted to the MLS GRID as of 2026-04-21 09:35:23 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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