138 Indian Trace
$8,995,000
Lake Toxaway, NC, 28747
singlefamily
4
7
Lot Size: 1.12 Acres
ABOUT
Property Information
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.
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.
SPECIFICS
Property Details
Price:
$8,995,000
MLS #:
CAR4361067
Status:
Active
Beds:
4
Baths:
7
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Lake Toxaway Estates
Listed Date:
Apr 3, 2026
Finished Sq Ft:
5,608
Lot Size:
48,787 sqft / 1.12 acres (approx)
Year Built:
1998
AMENITIES
Interior
Above Grade Finished Area
5608
Appliances
Bar Fridge, Dishwasher, Disposal, Dryer, Exhaust Hood, Gas Cooktop, Indoor Grill, Microwave, Oven, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Washer, Washer/Dryer
Bathrooms
5 Full Bathrooms, 2 Half Bathrooms
Cooling
Heat Pump, Zoned
Flooring
Carpet, Tile, Wood
Heating
Forced Air, Propane, Zoned
Interior Features
Breakfast 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 Remarks
Laundry Features
Laundry Room, Main Level, Sink
Levels
One and One Half
AMENITIES
Exterior
Architectural Style
Old World, Traditional
Community Features
Clubhouse, Fitness Center, Game Court, Golf, Lake Access, Picnic Area, Playground, Putting Green, Recreation Area, Sport Court, Tennis Court(s), Walking Trails, Other
Construction Materials
Stone, Synthetic Stucco, Wood
Exterior Features
Fire Pit, Other - See Remarks
Garage Spaces
2
Lot Features
Corner Lot, Private, Waterfront, Other - See Remarks
Other Structures
Other - See Remarks
Parking Features
Attached Garage, Golf Cart Garage
Patio And Porch Features
Covered, Deck, Front Porch, Porch, Other - See Remarks
Roof
Slate
Security Features
Carbon Monoxide Detector(s), Security Service, Security System, Smoke Detector(s)
View
Mountain(s), Water, Year Round
Waterfront Features
Boat Ramp – Community, Dock
Window Features
Insulated Window(s)
NEIGHBORHOOD
Schools
Elementary School:
T.C. Henderson
Middle School:
Rosman
High School:
Rosman
FINANCIAL
Financial
HOA Fee
$4,085
HOA Fee Frequency
Annually
HOA Name
IPM Corporation
HOA Phone
828-966-9453
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138 Indian Trace
Lake Toxaway, NC