$9,000,000

1957 & 1923 Cold Mountain Road, Lake Toxaway, NC 28747

  • 4 beds |
  • 6 baths |
  • 4,577 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 2001
  • Property Lot Size Icon3.32acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $1,966/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

An extraordinary and uniquely distinct opportunity to own three exceptional properties within the prestigious Lake Toxaway Estates. Together, these offerings totaling 3.32 acres total create an unparalleled legacy estate with expansive lakefront, multiple homesites, and outstanding amenities in one of Western North Carolina’s most coveted mountain communities. The centerpiece, 1957 Cold Mountain Road, is a remarkable waterfront residence designed for both grand entertaining and relaxed mountain living. The home features 4 bedrooms and 5½ baths, highlighted by a dramatic great room with a massive stone fireplace, soaring beamed cathedral ceilings, and an impressive wall of windows that captures breathtaking lake views. A chef’s kitchen is equipped with Viking ovens and range, dual dishwashers, and a large center island ideal for gathering. The lower-level family room offers a one-of-a-kind pizza oven, creating the perfect setting for casual entertaining. Additional features include a sauna, elevator, whole-home generator, circular drive, expansive landscaping, and generous covered porches designed to embrace the natural beauty of the surroundings. The property also includes two boathouses with docks and a paved cart path leading directly from the home to one of the boathouses. Ideally positioned across the lake from the Marina, Country Club, and Golf Course, the setting combines privacy with exceptional convenience. Also included is 1923 Cold Mountain Road, consisting of 2½ lots totaling 1.278 acres with the flexibility to subdivide. This exceptional lakefront parcel features a paved drive, boathouse, and docks, offering tremendous potential for an additional residence, guest retreat, or future investment opportunity. Completing the offering is Lot 50N, a 1.37-acre parcel located across Cold Mountain Road from the other properties. Easily developable or marketable as a separate homesite, this parcel adds even greater flexibility and long-term value to this rare multi-property offering. This is a truly extraordinary chance to create a private family compound, investment portfolio, or legacy estate in the heart of Lake Toxaway.

Listing Status:
Active
Data Last Updated:
May 10, 2026 at 7:18PM
Listing Office:
Lake Toxaway Co. : 828-966-4260
MLS ID:
4378991
  • Appliances: DishwasherDisposalDryerExhaust HoodGas RangeRefrigeratorWasherWasher/Dryer
  • Laundry: Mud Room
  • Basement: Interior EntryPartially FinishedWalk-Out AccessWalk-Up Access
  • Flooring: CarpetTileWood
  • A/C: Central Air
  • Heating: Forced AirHeat PumpPropane
  • Fireplace: Great RoomWood BurningFireplace
  • Other Structures: Front PorchDeckCovered
  • Parking: Circular Driveway
  • Roofing: Metal
  • Windows: Insulated Window(s)Skylight(s)
  • General: Site BuiltBasement
  • Road/Access: ConcretePaved
  • Originating MLS: carolina
  • County: Transylvania
  • Zoning: 8513-81-5471-000
  • View: Mountain(s)Water
  • Water: Well
  • Sewer: Septic Installed
  • Source: carolina

This listing courtesy of Lake Toxaway Co.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location