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.
- Heating System:
- Forced Air, Zoned, Propane
- Cooling System:
- Zoned, Heat Pump
- Basement:
- Exterior Entry, Storage Space, Unfinished
- Fireplace:
- Great Room, Family Room, Den, Fire Pit, Wood Burning
- Patio:
- Front Porch, Covered, Porch, Deck, Other - See Remarks
- Parking:
- Attached Garage, Golf Cart Garage
- Architectural Style:
- Traditional, Old World
- Exterior Features:
- Fire Pit, Other - See Remarks
- Flooring:
- Wood, Carpet, Tile
- Interior Features:
- Breakfast Bar, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry, Wet Bar, Built-in Features, Cable Prewire, Drop Zone, Garden Tub, Split Bedroom, Storage, Other - See Remarks
- Laundry Features:
- Laundry Room, Main Level, Sink
- Sewer:
- Septic Installed
- Utilities:
- Underground Utilities, Electricity Connected, Phone Connected, Cable Connected, Propane, Underground Power Lines, Wired Internet Available, Satellite Internet Available, Cable Available, Fiber Optics
- Waterfront Features:
- Dock, Boat Ramp – Community
- Window Features:
- Insulated Window(s)
- Appliances:
- Refrigerator, Dishwasher, Microwave, Oven, Gas Cooktop, Bar Fridge, Disposal, Indoor Grill, Dryer, Exhaust Hood, Plumbed For Ice Maker, Washer, Washer/Dryer, Self Cleaning Oven
- Country:
- US
- State:
- NC
- County:
- Transylvania
- City:
- Lake Toxaway
- Street:
- Lake Toxaway Estates
- Zipcode:
- 28747
- Street:
- Indian
- Street Number:
- 138
- Street Suffix:
- Trace
- Longitude:
- W83° 3' 28.1''
- Latitude:
- N35° 7' 56.5''
- 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. Home will be after the curve on the right.
- Zoning:
- None
- Elementary School:
- T.C. Henderson
- High School:
- Rosman
- Middle School:
- Rosman
- Office Name:
- Fisher Realty,Sapphire/Toxaway
- Agent Name:
- Amanda Jennings Gravley
- TaxAnnualAmount:
- $0
- TaxAssessedValue:
- $0
- AssociationFee:
- $0
- Community Features:
- Golf, Recreation Area, Clubhouse, Lake Access, Walking Trails, Other, Tennis Court(s), Fitness Center, Playground, Putting Green, Game Court, Picnic Area, Sport Court
- Construction Materials:
- Wood, Stone, Synthetic Stucco
- Foundation Details:
- Basement
- Garage:
- 2
- Levels:
- One and One Half
- Lot Features:
- Corner Lot, Private, Waterfront, Other - See Remarks
- Previous Price:
- 9500000
- Water Body Name:
- Lake Toxaway
- Water Source:
- Well
- Association Fee:
- 4085
- Association Fee Frequency:
- Annually
- Association Yn:
- 1
- List Agent Mls Id:
- 65609
- List Office Mls Id:
- NCM102
- Mls Status:
- Active
- Modification Timestamp:
- 2026-07-07T14:03:09Z
- Originating System Name:
- Canopy
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2026-04-03T12:57:05Z
Residential For Sale
138 Indian Trace, Lake Toxaway, North Carolina 28747
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- 4361067
- Price :
- $8,995,000
- View :
- Mountain(s),Water,Year Round
- Bedrooms :
- 4
- Bathrooms :
- 7
- Half Bathrooms :
- 2
- Square Footage :
- 5,608 Sqft
- Year Built :
- 1998
- Status :
- Active
- Full Bathrooms :
- 5
- Property Sub Type :
- Single Family Residence
- Roof:
- Slate
