987 Cold Mountain Road, Lake Toxaway, NC, 28747

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$3,250,000
52 Days On Site

987 Cold Mountain Road
Lake Toxaway, NC 28747

For Sale|Single Family Residence|Active
3
Beds
3
Total Baths
3
Full Baths
1973
Built
Subdivision:
Lake Toxaway Estates
County:
Transylvania
Listing courtesy of Amanda Jennings Gravley of Fisher Realty Sapphire/Toxaway
987 Cold Mountain Road987 Cold Mountain Road987 Cold Mountain Road987 Cold Mountain Road
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Monthly Payment (Est.)

$14,828
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$3,250,000
Days On Site 
52 Days
Bedrooms 
3
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.6 Acres
Year Built 
1973
MLS® Number 
1002821
Status 
Active
Property Tax 
$9,671.17
HOA/Condo/Coop Fees 
$441 monthly
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing first seen on site
2 months agoListing updated with changes from the MLS®
General Features
Acres 
0.6
Carport 
2
Levels 
Two
Number Of Stories 
2
Parking 
Attached CarportDriveway
Property Sub Type 
Single Family Residence
Sewer 
Septic Tank
Utilities 
Cable AvailableCable ConnectedPropane
Water Source 
Well
Zoning 
Residential
Interior Features
Appliances 
DryerDishwasherMicrowaveOvenRefrigeratorWasher
Basement 
Concrete
Cooling 
Ceiling Fan(s)Central Air
Fireplace 
Yes
Fireplace Features 
Living Room
Fireplaces 
1
Flooring 
LaminateTileWood
Furnished 
Negotiable
Heating 
ElectricHeat PumpNatural Gas
Interior 
Ceiling Fan(s)Open FloorplanHigh Speed Internet
Laundry Features 
Laundry Closet
Bathroom 2 
Level - Upper
Bedroom 2 
Level - Upper
Bedroom 3 
Level - Upper
Kitchen 
Level - Main
Living Room 
Level - Main
Master Bathroom 
Level - Main
Master Bedroom 
Level - Main
Sunroom 
Level - Main
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Exterior Features
Exterior 
Boat SlipDockPrivate EntrancePrivate Yard
Lot Features 
Back YardClearedGentle SlopingPrivateViewsWaterfrontRolling SlopeLevel
Patio And Porch 
Enclosed
Roof 
Shingle
View 
LakeMountain(s)Water
Waterfront 
Yes
Waterfront Features 
LakeLake FrontWaterfrontWaterfront Access
Waterview 
LakeMountain(s)Water
Community Features
Association Amenities 
Boat DockMarinaBoatingPicnic AreaPowered Boats AllowedPlaygroundSecurityTrail(s)
Association Dues 
5292
Community Features 
FishingLakePlayground
HOA Fee Frequency 
Annually
MLS Area 
Toxaway
Roads 
Paved
Listing courtesy of Amanda Jennings Gravley of Fisher Realty Sapphire/Toxaway



Listing information is provided by Participants of the Highlands Cashiers Board of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Highlands Cashiers Board of REALTORS MLS.
Data last updated at: 2026-05-07 09:48 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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