138 Indian Trace, Lake Toxaway, NC 28747

• 4 beds |
• 7 baths |
• 5,608 sqft

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.

Listing Status:

Active

Data Last Updated:

August 11, 2026 at 2:18PM

Listing Office:

Fisher Realty,Sapphire/Toxaway : 828-966-9290

MLS ID:

4361067

Interior

• General: Breakfast BarBuilt-in FeaturesCable PrewireDrop ZoneEntrance FoyerGarden TubKitchen IslandOpen FloorplanPantrySplit BedroomStorageWalk-In Closet(s)Walk-In PantryWet BarOther - See Remarks
• Appliances: Bar FridgeDishwasherDisposalDryerExhaust HoodGas CooktopIndoor GrillMicrowaveOvenPlumbed For Ice MakerRefrigeratorSelf Cleaning OvenWasherWasher/Dryer
• Laundry: Laundry RoomMain LevelSink
• Basement: Exterior EntryStorage SpaceUnfinished
• Flooring: CarpetTileWood
• A/C: Heat PumpZoned
• Heating: Forced AirPropaneZoned
• Fireplace: DenFamily RoomFire PitGreat RoomWood BurningFireplace

Exterior

• General: Fire PitOther - See RemarksOther - See Remarks
• Style: Old WorldTraditional
• Other Structures: Other - See RemarksPorchFront PorchDeckCovered
• Parking: Attached GarageGolf Cart Garage

Construction

• Roofing: Slate
• Windows: Insulated Window(s)
• General: Site BuiltBasement

Location

• Road/Access: BrickConcretePaved
• HOA Amenities: 4085.0Annually
• Originating MLS: carolina
• County: Transylvania

Lot

• Zoning: 8522-16-6570-000
• View: Mountain(s)WaterYear Round

Utilities

• Utilities: Cable AvailableCable ConnectedElectricity ConnectedFiber OpticsPhone ConnectedPropaneSatellite Internet AvailableUnderground Power LinesUnderground UtilitiesWired Internet Available
• Water: Well
• Sewer: Septic Installed

Financial

• Source: carolina
• Exclusions: Seller to provide list of exceptions