138 Indian Trce, Lake Toxaway, NC, 28747
About This Home
One of Lake Toxaway and Western North Carolina’s most magnificent legacy homes, this masterfully crafted 4BR, 5.5BA estate is situated on two prime lakefront point lots with 326 feet of lake frontage on fabled Lake Toxaway. Situated very close to the Lake Toxaway Country Club, Greystone Inn, Marina, and all amenities Lake Toxaway offers, this Old World Estate offers the finest appointments including extensive stone work, large, spacious rooms, three wood burning masonry fireplaces, chef’s kitchen, expansive master suite with en-suite paneled library, gracious guest suites upstairs, bonus room with full bath over a two car garage, generator, golf cart garage, extensive outdoor entertaining spaces including a covered dining porch, firepit, large stationary dock, two stall boat house, and one of the most spectacular lake and mountain views in the mountains of North Carolina. This home is a rare opportunity and a must see.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1998
Materials
- Roof: Slate
- Construction materials: Stone,Synthetic Stucco,Wood
Type & Style
- Home type: SingleFamily
- Architectural style: Old World,Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Bar Fridge,Dishwasher,Disposal,Dryer,Exhaust Hood,Gas Cooktop,Indoor Grill,Microwave,Oven,Plumbed For Ice Maker,Refrigerator,Self Cleaning Oven,Washer,Washer/Dryer
- Laundry features: Laundry Room,Main Level,Sink
Basement
- Has basement: Yes
- Basement: Exterior Entry,Storage Space,Unfinished
Bathroom Full
- Level: Main
Bathroom Full
- Level: Upper
Bathroom Full
- Level: Upper
Bathroom Full
- Level: Upper
Bedroom S
- Level: Upper
Bedroom S
- Level: Upper
Bedroom S
- Level: Upper
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
- Main level bedrooms: 1
Den
- Features: Built-in Features
- Level: Main
Dining Room
- Level: Main
Family Room
- Level: Main
Features
- Breakfast Bar,Built-in Features,Drop Zone,Soaking Tub,Kitchen Island,Open Floorplan,Pantry,Storage,Walk-In Closet(s),Walk-In Pantry,Wet Bar,Other - See Remarks
- Door features: French Doors,Insulated Door(s),Mirrored Closet Door(s)
- Window features: Insulated Windows
- Flooring: Carpet,Tile,Wood
- Fireplace features: Den,Family Room,Fire Pit,Great Room,Wood Burning
- Finished area below ground: 0
- Finished area above ground: 5,608
Heating & Cooling
- Heating features: Forced Air,Propane,Zoned
- Cooling features: Heat Pump,Zoned
Interior Area
- Total structure area: 5,608
- Total interior livable area: 5,608 sqft
Kitchen
- Features: Kitchen Island
- Level: Main
Living Room
- Level: Main
Loft
- Level: Upper
Office
- Level: Main
Primary Bedroom
- Features: En Suite Bathroom,Walk-In Closet(s)
- Level: Main
Study
- Level: Upper
Property
Details
- Parcel number: 8522166570000
- Zoning: None
- Special condition: Standard
- Other equipment: Generator
- Exclusions: Seller to provide list of exceptions
- Horse amenities: None
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Covered,Deck,Front Porch,Porch,Other
- Exterior features: Fire Pit,Other - See Remarks
- Has view: Yes
- View description: Mountain(s),Water,Year Round
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Boat Ramp – Community,Dock,Waterfront
- Waterbody name: Lake Toxaway
Lot
- Lot size: 1.12 Acres
- Features: Corner Lot,Private,Other - See Remarks
Parking
- Total spaces: 2
- Parking features: Attached Garage,Golf Cart Garage,Garage on Main Level
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Ice Storm
- Inland Flooding
- Landslide
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Transylvania County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $45,483 | $545,796 |
| Home Insurance * | $3,794 | $45,528 |
| Property Taxes | $5,468 | $65,616 |
| Electricity | $522 | $6,267 |
| Total | $55,267 | $663,204 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-03 | Listed for sale | $9,500,000 |
| 2025-12-03 | Listing removed | $9,995,000 |
| 2025-10-05 | Price change | $9,995,000 |
| 2025-06-04 | Price change | $10,250,000 |
| 2025-02-07 | Listed for sale | $11,500,000 |
| 2025-01-03 | Contingent | $11,500,000 |
| 2024-12-27 | Listed for sale | $11,500,000 |
For Sale by Agent
View on Zillow