Waterfront - Golf Course - Primary on Main
Address
138 Indian Trace, Lake Toxaway, NC
Price
$ 8,995,000
Property Attributes
- ID#4361067
- TypeSingle Family
- Listing Status Active
- CountyTRANSYLVANIA
- CityLake Toxaway
- AreaTransylvania County
- NeighborhoodLake Toxaway Estates
- Zip28747
- StyleOld World,Traditional
- Year Built1998
- Price$ 8,995,000
- Bedrooms4
- Full Bathrooms5
- Half Bathrooms2
- Sqr Footage5608
- Lot Size1.12 Acres
Data Source:
Canopy MLS
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| T.C. Henderson Elementary School | Rosman Middle School | Rosman High School |
| Price History | |
|---|---|
| 4/3/2026 | Listed $9,500,000 |
| 7/3/2026 | 6$8,995,000 |
General Features
| Living Area | 5608 |
|---|---|
| Sewer | Septic Installed |
| Heating | Forced Air,Propane,Zoned |
| Cooling | Heat Pump,Zoned |
| Utilities | Cable Available,Cable Connected,Electricity Connected,Fiber Optics,Phone Connected,Propane,Satellite Internet Available,Underground Power Lines,Underground Utilities,Wired Internet Available |
| Roof | Slate |
| Appliances | Bar Fridge,Dishwasher,Disposal,Dryer,Exhaust Hood,Gas Cooktop,Indoor Grill,Microwave,Oven,Plumbed For Ice Maker,Refrigerator,Self Cleaning Oven,Washer,Washer/Dryer |
| Zoning | None |
| HOA Fee | 4085 |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered,Deck,Front Porch,Porch,Other - See Remarks |
| Architectural Style | Old World,Traditional |
| Security Features | Carbon Monoxide Detector(s),Security Service,Security System,Smoke Detector(s) |
| Construction Materials | Stone,Synthetic Stucco,Wood |
| Exclusions | Seller to provide list of exceptions |
| Year Built | 1998 |
| View | Mountain(s),Water,Year Round |
| Levels | One and One Half |
| Property Subtype | Single Family Residence |
| Parcel Number | 8522-16-6570-000 |
| Elevation | 3000 |
| Waterfront Features | Boat Ramp – Community,Dock |
| Community Features | Clubhouse,Fitness Center,Game Court,Golf,Lake Access,Picnic Area,Playground,Putting Green,Recreation Area,Sport Court,Tennis Court(s),Walking Trails,Other |
| Assoc Fee Paid Per | Annually |
| County | Transylvania |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Subdivision Name | Lake Toxaway Estates |
| Garage Y/N | Yes |
| Other Structures | Other - See Remarks |
| Full Baths | 5 |
| Directions | From US64,enter Lake Toxaway Estates at the main entrance and follow West Club Boulevard to the stop sign. Take a right on the continuation of West Club Blvd. to a right on the first Indian Trace. Ho |
| High School | Rosman |
| City | Lake Toxaway |
| Body of Water | Lake Toxaway |
| Association Name | IPM Corporation |
| Senior Community Y/N | No |
| Lot Size Units | Acres |
| Carport Y/N | No |
| Elementary School | T.C. Henderson |
| Middle/Junior High School | Rosman |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| CAR_HOASubjectTo | Required |
| Construction Type | Site Built |
| Restrictions | Architectural Review,Building,Deed,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Short Term Rental Allowed,Square Feet,Subdivision |
| Tax Assessed Value | 10286010 |
Interior Features
| Interior Amenities | 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 Remar |
|---|---|
| Basement | Exterior Entry,Storage Space,Unfinished |
| Flooring | Carpet,Tile,Wood |
| Fireplace Features | Den,Family Room,Fire Pit,Great Room,Wood Burning |
| Basement (Y/N) | Yes |
| Window Features | Insulated Window(s) |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 5608 |
| Half Baths | 2 |
| Laundry Features | Laundry Room,Main Level,Sink |
| Total Bedrooms | 4 |
| Total Baths | 7 |
| SqFt Main | 3784 |
| SqFt Garage | 786 |
| SqFt Upper | 1824 |
| Bedroom | 1 |
Exterior Features
| Exterior Amenities | Fire Pit,Other - See Remarks |
|---|---|
| Parking Features | Attached Garage,Golf Cart Garage |
| Lot Features | Corner Lot,Private,Waterfront,Other - See Remarks |
| Water Source | Well |
| Lot Size Area | 1.12 |
| Foundation Details | Basement |
| Road Surface Type | Brick,Concrete,Paved |
| Door Features | French Doors,Insulated Door(s),Mirrored Closet Door(s) |
| Other Equipment | Generator |
| Road Responsibility | Private Maintained Road |
| Horse Amenities | None |
| Main Level Garage YN | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 28747
Price
Year Built
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