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138 Indian Trace, Lake Toxaway, NC 28747 ACTIVE 1 of 40 138 Indian Trace, Lake Toxaway, NC 28747 — photo 2 138 Indian Trace, Lake Toxaway, NC 28747 — photo 3 138 Indian Trace, Lake Toxaway, NC 28747 — photo 4 138 Indian Trace, Lake Toxaway, NC 28747 — photo 5
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$8,995,000 Est. $62,319/mo — Get pre-qualified
4beds 6baths 5,608sq ft 1.12acres

138 Indian Trace · Lake Toxaway, NC 28747

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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.

Features & Amenities

Living Area5,608 Sq.Ft.
Bedrooms4
Baths6
HeatingForced Air, Propane, Zoned
CoolingHeat Pump, Zoned
FlooringCarpet, Tile, Wood
FireplaceDen,Family Room,Fire Pit,Great Room,Wood Burning
AppliancesBar Fridge, Dishwasher, Disposal, Dryer, Exhaust Hood, Gas Cooktop, Indoor Grill, Microwave, Oven, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Washer, Washer/Dryer
Interior FeaturesBreakfast 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 Remar
LaundryLaundry Room, Main Level, Sink
Exterior FeaturesFire Pit, Other - See Remarks
StyleOld World,Traditional
Year Built1998
ConstructionStone, Synthetic Stucco, Wood
RoofSlate
FoundationBasement
ParkingAttached Garage, Golf Cart Garage
StatusActive
Lot Size1.12 Acres
Lot FeaturesCorner Lot, Private, Waterfront, Other - See Remarks
SubdivisionLake Toxaway Estates
CountyTRANSYLVANIA
Property TypeResidential
Property SubTypeSingle Family Residence
Last UpdatedOct 9, 2026
UtilitiesCable Available, Cable Connected, Electricity Connected, Fiber Optics, Phone Connected, Propane, Satellite Internet Available, Underground Power Lines, Underground Utilities, Wired Internet Available
SewerSeptic Installed
Water SourceWell
HOAYes — $4,085 / year
HOA ManagementIPM Corporation
Community FeaturesClubhouse, Fitness Center, Game Court, Golf, Lake Access, Picnic Area, Playground, Putting Green, Recreation Area, Sport Court, Tennis Court(s), Walking Trails, Other
ElementaryT.C. Henderson Elementary School
MiddleRosman Middle School
HighRosman High School
Presented By: Fisher Realty,Sapphire/Toxaway; info@fisherrealtync.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Oct 9, 2026 Price Reduced $9,500,000 → $8,995,000 ▾ $505,000 (5.3%)

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