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For Sale

138 Indian Trace

138 Indian Trace, Lake Toxaway, NC 28747

$8,995,000
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.

4
beds

7
baths

1.12 Acres lot

Features & Amenities

Interior

  • total bedrooms4
  • Total bathrooms7
  • full bathrooms5
  • half bathrooms2
  • Laundry room Washer Hookup, Dryer Hookup
  • Flooring Carpet, Tile, Wood
  • Fireplace Den, Living Room, Wood Burning
  • APPLIANCES Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Disposal, Indoor Grill, Microwave, Propane Cooktop, Refrigerator, Trash Compactor, Wine Cooler, Washer
  • other interior Features Wet Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Separate/Formal Dining Room, Garden Tub/Roman Tub, Jetted Tub, Kitchen Island, Pantry, Walk-In Closet(s), Workshop

Area & Lot

  • Status For Sale
  • Lot Area1.12 Acres
  • MLS® ID1002989
  • TypeResidential
  • YEAR BUILT1998
  • NeighborhoodLake Toxaway
  • Architecture StylesOther
  • Water FrontageLake, Deeded Access, Waterfront
  • View DescriptionLake, Mountain(s)

Exterior

  • STORIES2
  • Garage Space2.0
  • water SourceWell
  • utilitiesCable Available, Fiber Optic Available, Propane, Satellite Internet Available
  • roofSlate
  • lot featuresBack Yard, Close to Clubhouse, Landscaped, Other, Views, Waterfront, Level, Rolling Slope
  • parkingAttached, Concrete, Driveway, Garage, Two Car Garage, Golf Cart Garage, Boat, RV Access/Parking
  • HEAT TYPEGas, Zoned
  • AIR CONDITIONINGHeat Pump, Zoned
  • sewerSeptic Tank
  • other exterior FeaturesDock, Fire Pit, Satellite Dish

Financial

  • Sales Price$8,995,000
  • Real Estate Tax $23,280/yr
  • HOA $4,085/yr
Amanda J Gravley

Amanda J Gravley

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Schedule a Showing

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Thank you for your interest in 138 Indian Trace, Lake Toxaway, NC 28747. We are reviewing your request and will be in touch shortly!

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Real estate is about more than buying or selling a home. It’s about finding the right place to build your next chapter. Amanda brings local knowledge, thoughtful guidance, and a genuine connection to the communities of western Carolina to help make every step feel clear, personal, and confident.

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