Luxury CommunitiesLuxury Communities

Explore

  • North Carolina
  • Florida
  • South Carolina
  • Lake Norman
  • All Locations

Lifestyle

  • Latest Articles
  • Beach & Oceanfront
  • Mountain Living
  • Golf

Company

  • About Us
  • Our Experts
  • Contact

Legal

  • Terms of Service
  • Privacy Policy
  • DMCA

Luxury Communities

© 2026 Luxury Communities. All rights reserved.

ExploreSavedProfile
  1. Home
  2. Property Search
  3. Lake Toxaway
  4. 138 Indian Trace
138 Indian Trace, Lake Toxaway, NC 28747 - Photo 1

$8.99M

4 Beds · 7 Baths · 5,608 Sqft

Active
138 Indian Trace, Lake Toxaway, NC 28747 - Photo 1

$8.99M

4 Beds · 7 Baths · 5,608 Sqft

Active
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
Active95 Days on Market$1604/sqft▼ 5.3% from originalListed Apr 3, 2026MLS# CAR4361067

138 Indian Trace, Lake Toxaway, NC 28747

$8.99M · 4 bd · 7 ba · 5608 sqft

About This Property

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.

Location

138 Indian Trace, Lake Toxaway, NC 28747

Loading map...

Property Details

Overview

Property TypeSingle Family Residence
Year Built1998
Lot Size1.12 Acres
Stories/LevelsOne and One Half

Interior

Bedrooms4
Bathrooms (Full)5
Bathrooms (Half)2
Total Rooms16
Sqft5,608
HeatingForced Air, Propane, Zoned
Cooling / A/CHeat Pump, Zoned
FlooringCarpet, Tile, Wood

Exterior

Garage Spaces2
ExteriorStone, Synthetic Stucco, Wood
FoundationBasement
RoofSlate

Financial

List Price$8.99M
HOA/Maintenance$4,085/yr
Original Price$9.5M

Location

Address138 Indian Trace, Lake Toxaway, NC 28747
NeighborhoodLake Toxaway Estates
CityLake Toxaway
CountyTransylvania
StateNC
Zip28747

Listed by Fisher Realty,Sapphire/Toxaway · ajennings@fisherrealtync.com MLS# CAR4361067

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 07/28/2026, 06:11:04 AM. 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.

Information deemed reliable but not guaranteed. Buyer to verify all information.

Brian Jones

Brian Jones

Compass

Founder of Luxury Communities and a seasoned luxury real estate advisor in Asheville and Western North Carolina. Brian specializes in private gated communities, luxury estates, and second-home destinations, with a strategic and technology-driven approach to matching buyers with the right communities and opportunities.

Meet Brian

You May Also Like

Similar Properties

140 Panther Summit Drive, Lake Toxaway, NC 28747$9.99MActive

140 Panther Summit Drive, Lake Toxaway, NC 28747

5 Bed · 6 Bath · 7,104 Sqft

Single Family Residence · Built 2026 · 3-Car Garage

MLS# CAR4396285

View Listing
1585 Cold Mountain Road, Lake Toxaway, NC 28747$5.MActive

1585 Cold Mountain Road, Lake Toxaway, NC 28747

4 Bed · 5 Bath · 3,943 Sqft

Single Family Residence · Built 2006 · 2-Car Garage

MLS# CAR4383951

View Listing
2235 Cold Mountain Road, Lake Toxaway, NC 28747$6.5MActive

2235 Cold Mountain Road, Lake Toxaway, NC 28747

4 Bed · 6 Bath · 4,410 Sqft

Single Family Residence · Built 2022 · 2-Car Garage

MLS# CAR4382009

View Listing

Answer a few questions and we'll curate communities tailored to your lifestyle.

Get Started
Brian Jones

Talk to Brian about this listing