1957 & 1923 Cold Mountain Road, Lake Toxaway, NC 28747 - Photo 1

$8.74M

4 Beds · 6 Baths · 4,577 Sqft

Active
Active166 Days on Market$1910/sqft▼ 2.9% from originalListed May 8, 2026MLS# CAR4378991

1957 & 1923 Cold Mountain Road, Lake Toxaway, NC 28747

$8.74M · 4 bd · 6 ba · 4577 sqft

About This Property

An extraordinary and uniquely distinct opportunity to own three exceptional properties within the prestigious Lake Toxaway Estates. Together, these offerings totaling 3.32 acres total create an unparalleled legacy estate with expansive lakefront, multiple homesites, and outstanding amenities in one of Western North Carolina’s most coveted mountain communities. The centerpiece, 1957 Cold Mountain Road, is a remarkable waterfront residence designed for both grand entertaining and relaxed mountain living. The home features 4 bedrooms and 5½ baths, highlighted by a dramatic great room with a massive stone fireplace, soaring beamed cathedral ceilings, and an impressive wall of windows that captures breathtaking lake views. A chef’s kitchen is equipped with Viking ovens and range, dual dishwashers, and a large center island ideal for gathering. The lower-level family room offers a one-of-a-kind pizza oven, creating the perfect setting for casual entertaining. Additional features include a sauna, elevator, whole-home generator, circular drive, expansive landscaping, and generous covered porches designed to embrace the natural beauty of the surroundings. The property also includes two boathouses with docks and a paved cart path leading directly from the home to one of the boathouses. Ideally positioned across the lake from the Marina, Country Club, and Golf Course, the setting combines privacy with exceptional convenience. Also included is 1923 Cold Mountain Road, consisting of 2½ lots totaling 1.278 acres with the flexibility to subdivide. This exceptional lakefront parcel features a paved drive, boathouse, and docks, offering tremendous potential for an additional residence, guest retreat, or future investment opportunity. Completing the offering is Lot 50N, a 1.37-acre parcel located across Cold Mountain Road from the other properties. Easily developable or marketable as a separate homesite, this parcel adds even greater flexibility and long-term value to this rare multi-property offering. This is a truly extraordinary chance to create a private family compound, investment portfolio, or legacy estate in the heart of Lake Toxaway.

Location

1957 & 1923 Cold Mountain Road, Lake Toxaway, NC 28747

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Property Details

Overview

Property TypeSingle Family Residence
Year Built2001
Lot Size3.32 Acres
Stories/LevelsTwo

Interior

Bedrooms4
Bathrooms (Full)5
Bathrooms (Half)1
Total Rooms11
Sqft4,577
HeatingForced Air, Heat Pump, Propane
Cooling / A/CCentral Air
FlooringCarpet, Tile, Wood

Exterior

Garage Spaces1
ExteriorFiber Cement, Stone
FoundationBasement
RoofMetal

Financial

List Price$8.74M
Original Price$9M

Location

Address1957 & 1923 Cold Mountain Road, Lake Toxaway, NC 28747
NeighborhoodLake Toxaway Estates
CityLake Toxaway
CountyTransylvania
StateNC
Zip28747

Listed by Lake Toxaway Co. · scott@laketoxaway.com MLS# CAR4378991

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/22/2026, 09:43:45 PM. 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.

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