138 Indian Trace, Lake Toxaway, NC, 28747

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$8,995,000
184 Days On Site

138 Indian Trace
Lake Toxaway, NC 28747

For Sale|Single Family Residence|Active
4
Beds
7
Total Baths
5
Full Baths
2
Partial Baths
1998
Built
Subdivision:
Lake Toxaway Estates
County:
Transylvania
Listing courtesy of Amanda Jennings Gravley of Fisher Realty Sapphire/Toxaway
138 Indian Trace138 Indian Trace138 Indian Trace138 Indian Trace
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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.

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Listing Snapshot
Price 
$8,995,000
Days On Site 
184 Days
Bedrooms 
4
Inside Area (SqFt) 
N/A
Total Baths 
7
Full Baths 
5
Partial Baths 
2
Lot Size 
1.12 Acres
Year Built 
1998
MLS® Number 
1002989
Status 
Active
Property Tax 
$23,280
HOA/Condo/Coop Fees 
$340.42 monthly
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoPrice changed to $8,995,000
3 months agoListing updated with changes from the MLS®
6 months agoListing first seen on site
General Features
Acres 
1.12
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
2
Levels 
One and One Half
Parking 
AttachedConcreteDrivewayGarageGolf Cart GarageBoatRV Access/Parking
Property Sub Type 
Single Family Residence
Sewer 
Septic Tank
Style 
Other
Utilities 
Cable AvailablePropane
Water Source 
Well
Zoning 
Residential
Interior Features
Appliances 
DryerDishwasherExhaust FanDisposalIndoor GrillMicrowavePropane CooktopRefrigeratorTrash CompactorWine CoolerWasherOven
Basement 
Exterior EntryOtherUnfinished
Cooling 
Ceiling Fan(s)Heat PumpZoned
Electric 
Generator
Fireplace 
Yes
Fireplace Features 
DenLiving RoomWood Burning
Fireplaces 
3
Flooring 
CarpetTileWood
Furnished 
Unfurnished
Heating 
ZonedNatural Gas
Interior 
Wet BarBreakfast BarBuilt-in FeaturesCeiling Fan(s)Kitchen IslandPantryWalk-In Closet(s)
Laundry Features 
Washer Hookup
Bedroom 2 
Level - UpperArea Units - Square Feet
Bedroom 3 
Level - UpperArea Units - Square Feet
Bedroom 4 
Level - UpperArea Units - Square Feet
Bonus Room 
Level - UpperArea Units - Square Feet
Den 
Level - MainArea Units - Square Feet
Dining Room 
Level - MainArea Units - Square Feet
Family Room 
Level - MainArea Units - Square Feet
Kitchen 
Level - MainArea Units - Square Feet
Living Room 
Level - MainArea Units - Square Feet
Master Bedroom 
Level - MainArea Units - Square Feet
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Exterior Features
Construction Details 
StoneSynthetic StuccoWood Siding
Exterior 
DockFire Pit
Lot Features 
Back YardClose to ClubhouseLandscapedOtherViewsWaterfrontLevelRolling Slope
Other Structures 
Boat HouseWorkshop
Patio And Porch 
Rear PorchCoveredDeckFront PorchOtherPorch
Roof 
Slate
View 
LakeMountain(s)
Waterfront 
Yes
Waterfront Features 
LakeWaterfrontWaterfront Access
Waterview 
LakeMountain(s)
Community Features
Accessibility Features 
Therapeutic Whirlpool
Association Fee 
$4085.0
Association Fee Frequency 
Annually
Community Features 
ClubhouseFitness CenterGolfLakeParkTennis Court(s)
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: 2026-10-05 10:20 AM 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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