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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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138 Indian Trace , Lake Toxaway, NC 28747
$8,995,000
Est. Payment: $46,353.09/mo
4 Bed
7 Bath
5608 Sqft
Status: active | Days on site: 120
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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.

Highlights

Listed by Amanda Jennings Gravley , 828-200-2944 Fisher Realty,Sapphire/Toxaway , 828-966-9290. Canopy MLS mls logo

Property Type

Residential

Lot/Acreage
1.12

HOA Fee

4085 Annually

Year Built

1998

County

Transylvania

Neighborhood

Lake Toxaway Estates

Listing ID

4361067

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:7
  • Full Bathrooms:5
  • 1/2 Bathrooms:2
Appliances:Bar Fridge, Dishwasher, Disposal, Dryer, Exhaust Hood, Gas Cooktop, Indoor Grill, Microwave, Oven, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Washer, Washer/Dryer
Air Cond:Heat Pump,Zoned
Fireplaces:Den,Family Room,Fire Pit,Great Room,Wood Burning
Floor:Carpet,Tile,Wood
Above Ground Sq Ft:5608
Below Ground Sq Ft:0
Basement:Exterior Entry,Storage Space,Unfinished
Other:Breakfast Bar,Built-in Features,Cable Prewire,Drop Zone,Entrance Foyer,Garden Tub,Kitchen Island,Open Floorplan,Pantry,Split Bedroom,Storage,Walk-In Closet(s),Walk-In Pantry,Wet Bar,Other - See Remarks,Has Fireplace,Master on Main
Other:Well

Exterior Features

Lot:Corner Lot,Private,Waterfront,Other - See Remarks,Boat Ramp – Community,Dock
Zoning:None
Roof:Slate
Others:Fire Pit,Other - See Remarks
Sewer:Septic Installed
Parking Features:Attached Garage,Golf Cart Garage
Principal Interest
$46,353
Taxes
$5,734
HOA
$4,085

Home Price

$8,995,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$1,799,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$46,353.09

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $46,353.09 $5,734.31 $4,085.00 $56,172.40
Yearly $556,237.04 $68,811.75 $49,020.00 $674,068.79
Total $16,687,111.23 $2,064,352.50 $1,470,600.00 $20,222,063.73

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Lake Toxaway, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. 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.
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Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-08-01T18:02:06.000Z

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