138 Indian Trace, Lake Toxaway, NC
$9,500,000 · 4 bedrooms · 7 baths · 5,608 sq ft · built 1998
Listing courtesy of Fisher Realty,Sapphire/Toxaway (Amanda Jennings Gravley). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
One of Lake Toxaway and Western North Carolina’s most magnificent legacy homes, this masterfully crafted 4BR, 5.5BA estate is situated on two prime lakefront point lots with 326 feet of lake frontage on fabled Lake Toxaway. Situated very close to the Lake Toxaway Country Club, Greystone Inn, Marina, and all amenities Lake Toxaway offers, this Old World Estate offers the finest appointments including extensive stone work, large, spacious rooms, three wood burning masonry fireplaces, chef’s kitchen, expansive master suite with en-suite paneled library, gracious guest suites upstairs, bonus room with full bath over a two car garage, generator, golf cart garage, extensive outdoor entertaining spaces including a covered dining porch, firepit, large stationary dock, two stall boat house, and one of the most spectacular lake and mountain views in the mountains of North Carolina. This home is a rare opportunity and a must see.
Price in context
- Asking $1,694 per square foot.
- That is 73% above the $982 median across 6 active $1.5M+ homes in Lake Toxaway.
- Highest asking price of 6 active $1.5M+ homes in Lake Toxaway.
- 3rd largest by living area of the 6 with a recorded size.
- No price changes since it was listed.
- 12 days on the market, listed 2026-04-03.
- County tax assessment $10,286,010; the asking price is 0.92× the assessed value.
- HOA dues $4,085 (annually).
Location
Neighborhood: Lake Toxaway Estates, Transylvania County, ZIP 28747.
Assigned schools
- Elementary: T.C. Henderson
- Middle: Rosman
- High: Rosman
School assignments come from the listing and can change; confirm with the district.
Features
- Style
- Old World, Traditional
- Levels
- One and One Half
- Construction
- Stone, Synthetic Stucco, Wood
- Roof
- Slate
- Bathrooms
- 5 full, 2 half
- Basement
- Exterior Entry, Storage Space, Unfinished
- Fireplace
- Yes
- Interior
- 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
- Flooring
- Carpet, Tile, Wood
- Kitchen & 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
- Heating
- Forced Air, Propane, Zoned
- Cooling
- Heat Pump, Zoned
- Garage
- 2 spaces
- Parking
- Attached Garage, Golf Cart Garage
- Exterior
- Fire Pit, Other - See Remarks
- Waterfront
- Boat Ramp – Community, Dock
- View
- Mountain(s), Water, Year Round
- Lot
- Corner Lot, Private, Waterfront, Other - See Remarks
- Community
- Clubhouse, Fitness Center, Game Court, Golf, Lake Access, Picnic Area, Playground, Putting Green, Recreation Area, Sport Court, Tennis Court(s), Walking Trails, Other
- County
- Transylvania
Comparable homes on the market
- 770 Meadow Ridge Drive, Lake Toxaway — $3,600,000, 5 bd, 5,181 sq ft, also in Lake Toxaway Estates
- 132 Red Bird Circle, Lake Toxaway — $4,190,000, 4 bd, 3,275 sq ft, also in Lake Toxaway Estates
- 96 Moltz Court, Lake Toxaway — $3,695,000, 3 bd, 4,659 sq ft, also in Lake Toxaway Estates
- 64 Bee Tree Way, Lake Toxaway — $6,750,000, 4 bd, 5,766 sq ft, 0.8 mi away
- 46 Mills Creek Drive, Lake Toxaway — $3,450,000, 4 bd, 6,402 sq ft, 1.2 mi away
- 280 S Broad Street, Brevard — $4,160,000, 13.4 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.