516 Cherokee Trace, Lake Toxaway, NC
$1,395,000 · 4 bedrooms · 4 baths · 3,135 sq ft · built 1991
Listing courtesy of Lake Toxaway Co. (Ross Hyett). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
Set in the heart of Lake Toxaway’s premier golf community, 516 Cherokee Trace offers an exceptional blend of comfort, convenience, with a view of Lakeside Mountain. This beautifully appointed home captures expansive vistas of the golf course, including a stunning perspective of Hole #16 and its pristine green—an ever-changing backdrop that can be enjoyed from multiple vantage points throughout the property. This 3,135 square foot residence features 4 bedrooms and 4 bathrooms, thoughtfully designed to provide both privacy and inviting gathering spaces. The interior is being offered furnished with select exceptions, allowing for an easy transition into mountain living. Ideally located just moments from the club, this home combines accessibility with a sense of retreat. A two-car garage, along with an additional two-car carport, ensures ample parking and a covered, welcoming entrance for residents and guests alike. Whether you're seeking a full-time residence or a mountain getaway, this property delivers scenic beauty, functional design, and a coveted location within one of Lake Toxaway’s most desirable settings. Membership to Lake Toxaway Country Club is based on application and availability.
Price in context
- Asking $445 per square foot.
- That is 40% below the $744 median across 16 active $1.5M+ homes in Lake Toxaway.
- 12th highest asking price of 16 active $1.5M+ homes in Lake Toxaway.
- 8th largest by living area of the 10 with a recorded size.
- No price changes since it was listed.
- 0 days on the market, listed 2026-05-02.
- County tax assessment $870,080; the asking price is 1.60× the assessed value.
- HOA dues $4,085 (annually).
Location
Neighborhood: Lake Toxaway Estates, Transylvania County, ZIP 28747.
Features
- Levels
- One
- Construction
- Wood
- Bathrooms
- 4 full
- Basement
- Exterior Entry, Full, Interior Entry, Walk-Out Access, Walk-Up Access
- Fireplace
- Yes
- Flooring
- Slate, Vinyl, Wood
- Kitchen & appliances
- Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer, Wine Refrigerator
- Heating
- Heat Pump
- Cooling
- Central Air
- Garage
- 2 spaces
- Parking
- Attached Carport, Driveway, Garage Faces Side
- Waterfront
- Boat Ramp – Community
- View
- Golf Course
- County
- Transylvania
Comparable homes on the market
- 228 Mills Creek Trace, Lake Toxaway — $2,975,000, 4 bd, 4,478 sq ft, also in Lake Toxaway Estates
- Tbd Fairway Drive, Lake Toxaway — $1,100,000, also in Lake Toxaway Estates
- 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, 0.4 mi away
- 64 Bee Tree Way, Lake Toxaway — $6,750,000, 4 bd, 5,766 sq ft, 0.5 mi away
- D51-52 North Club Boulevard #D51-52, Lake Toxaway — $3,800,000, 0.5 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.