LKV Realty
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$8,995,000
$7,200Reward *
138 Indian Trace, Lake Toxaway, NC 28747Listing ID 4361067

138 Indian Trace, Lake Toxaway, NC 28747

Active
Lake Toxaway Estates
Time on site: 137 daysLast updated: Aug 1, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
4
Bathrooms
Bathrooms
7
Square Feet
Square Feet
5,608
Days on Site
Days on Site
136
Cooling
Cooling
Heat Pump, Zoned
Heating
Heating
Forced Air, Propane, Zoned
Year Built
Year Built
1998
Garages
Garages
2
Parking
Parking
Attached Garage, Golf Cart Garage

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.

Property Information

Property Details

Location

Address
138 Indian Trace
County
Transylvania
City
Lake Toxaway
Zip Code
28747
Subdivision
Lake Toxaway Estates
High School
Rosman
Elementary School
T.C. Henderson

Interior Features

Beds and Baths

Bedrooms
4
Full Bathrooms
5
Half Bathrooms
2

Building

Building Information

Square Feet
5,608
Year Built
1998
Construction
Stone, Synthetic Stucco, Wood
Foundation
Basement
Roof
Slate

Financial

Special Conditions
None

Homeowner Association

HOA Fee
$4,085
HOA Fee Frequency
Annually
Fisher Realty,Sapphire/Toxaway, (828) 966-9290

Market Report for 28747

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Canopy MLS
Canopy MLS logo

Based on information submitted to the MLS GRID as of 18 Aug 2026, 12:56 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

CAR65609