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  4. 987 Cold Mountain Road
987 Cold Mountain Road, Lake Toxaway, NC 28747 - Photo 1

$3.25M

3 Beds · 3 Baths · 2,338 Sqft

Active
987 Cold Mountain Road, Lake Toxaway, NC 28747 - Photo 1

$3.25M

3 Beds · 3 Baths · 2,338 Sqft

Active
987 Cold Mountain Road, Lake Toxaway, NC 28747 - Photo 2
987 Cold Mountain Road, Lake Toxaway, NC 28747 - Photo 3
987 Cold Mountain Road, Lake Toxaway, NC 28747 - Photo 4
987 Cold Mountain Road, Lake Toxaway, NC 28747 - Photo 5
Active1 Days on Market$1390/sqftListed Mar 7, 2026MLS# CAR4354164

987 Cold Mountain Road, Lake Toxaway, NC 28747

$3.25M · 3 bd · 3 ba · 2338 sqft

About This Property

Quaint cottage on an exceptional lot in Lake Toxaway Estates. Set on over half an acre of nearly level property that gently slopes to the shoreline of North Carolina’s largest private lake, the home offers open water and full mountain views with Toxaway Mountain in the background. Tastefully updated and designed for easy living, the home features 3 bedrooms plus a flex room and an open living-dining-kitchen layout. Ideal for gathering with family and friends, most areas boast views over the lawn and out to the lake. The main level includes a primary suite and a secondary flex room/sleeping space with an ensuite bath, while an additional bedroom and bunkroom above share a connecting bath. Natural light fills the sunroom, and an additional enclosed porch provides a great space for casual entertaining, complete with grill, refrigerator, and prep area. Outside, the property truly stands out: a rare, nearly level lawn leads to a large stone waterfront seating area and covered dock for easy days on the water. Located just off Cold Mountain Road and set back along a winding driveway for privacy, this is a unique opportunity to own a lakefront home with wide water views in one of Lake Toxaway’s most beautiful settings.

Location

987 Cold Mountain Road, Lake Toxaway, NC 28747

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Property Details

Overview

Property TypeSingle Family Residence
Year Built1973
Lot Size0.6 Acres
Stories/LevelsTwo

Interior

Bedrooms3
Bathrooms (Full)3
Total Rooms11
Sqft2,338
HeatingElectric, Forced Air, Propane
Cooling / A/CCentral Air, Electric

Exterior

ExteriorBrick Partial, Wood
FoundationCrawl Space
RoofArchitectural Shingle

Financial

List Price$3.25M
HOA/Maintenance$5,292/mo
Original Price$3.25M

Location

Address987 Cold Mountain Road, Lake Toxaway, NC 28747
NeighborhoodLake Toxaway Estates
CityLake Toxaway
CountyTransylvania
StateNC
Zip28747

Listed by Fisher Realty,Sapphire/Toxaway · ajennings@fisherrealtync.com MLS# CAR4354164

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 03/17/2026, 02:11:57 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.

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.

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