905 Cold Mountain Rd Lake Toxaway, NC 28747
Lake Toxaway NeighborhoodEstimated payment $36,618/month
Highlights
- Lake Front
- Golf Course Community
- 2.89 Acre Lot
- Docks
- Fitness Center
- Community Lake
About This Home
Welcome to an extraordinary lakefront estate on Lake Toxaway, Western North Carolina’s largest private lake, offering an unmatched blend of luxury, privacy, and future potential. Spanning 2.89 acres across two addresses—905 Cold Mountain Road and 92 Mallard Point—this rare property features two beautifully appointed homes, three additional buildable lots, multiple boat slips, and a full set of architectural plans by nationally recognized architect Dawn K. Sherry. Sherry’s plans take full advantage of the property’s sweeping lake and mountain views, offering a stunning vision for a custom legacy home.
The waterfront main home features four bedrooms and four bathrooms, expansive lake-facing decks ideal for entertaining, and a private boathouse. Nestled just steps away is the fully renovated guest home—a charming three-bedroom, two-and-a-half-bath retreat with hardwood floors throughout, a spacious sunroom with panoramic lake views, a large covered porch, and an attached carport. Whether used as a guest residence, rental, or transitional space while building anew, it offers comfortable elegance and unobstructed vistas of the lake and surrounding Blue Ridge Mountains.
Located in a quiet, secluded cove, the estate also boasts a large cleared lawn, a basketball court, and multiple boat slips along a stone seawall. With three additional buildable lots included, the property offers endless possibilities for expansion, investment, or creating a multi-generational compound.
Buyers are drawn to Lake Toxaway for its tranquil waters, rich legacy, and exclusive atmosphere. As North Carolina’s largest private lake, it spans 640 acres with 14 miles of shoreline, offering ample space for boating, fishing, and paddleboarding—reserved solely for property owners. The area’s prestige is further enhanced by the Lake Toxaway Country Club, offering golf, tennis, fine dining, and more—available by invitation only. With dramatic lake and mountain views, private lake access, and limited inventory, lakefront properties like this are a rare and valuable find.
Whether you’re seeking a turnkey lakefront lifestyle, the foundation for a custom build, or a one-of-a-kind family retreat, this exceptional estate on Lake Toxaway delivers the best of mountain and waterfront living in one of the Southeast’s most coveted lake communities.
Listing Agent
Berkshire Hathaway HomeServices Meadows Mountain Realty Listed on: 06/06/2025

Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,851
Year Built
- Built in 1977
Lot Details
- 2.89 Acre Lot
- Lake Front
- Lot Has A Rolling Slope
- Cleared Lot
HOA Fees
Parking
- 2 Car Garage
- 1 Carport Space
- Circular Driveway
Property Views
- Lake
- Mountain
Home Design
- Traditional Architecture
- Shingle Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Wood Burning Fireplace
- Stone Fireplace
- Living Room with Fireplace
- Screened Porch
- Tile Flooring
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Docks
- Patio
- Fire Pit
Utilities
- Central Heating
- Private Water Source
Listing and Financial Details
- Tax Lot LP5
- Assessor Parcel Number 8522-19-6519-000, 8522-19-6347-000
Community Details
Overview
- Lake Toxaway Community Association
- Lake Toxaway Estates Subdivision
- Community Lake
Amenities
- Clubhouse
Recreation
- Golf Course Community
- Tennis Courts
- Community Playground
- Fitness Center
- Community Pool
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $10,261 | $2,135,430 | $1,334,580 | $800,850 |
2024 | $10,886 | $1,653,630 | $1,500,000 | $153,630 |
2023 | $10,886 | $1,653,630 | $1,500,000 | $153,630 |
2022 | $10,886 | $1,653,630 | $1,500,000 | $153,630 |
2021 | $10,803 | $1,653,630 | $1,500,000 | $153,630 |
2020 | $13,010 | $1,869,200 | $0 | $0 |
2019 | $12,916 | $1,869,200 | $0 | $0 |
2018 | $10,568 | $1,869,200 | $0 | $0 |
2017 | $10,447 | $1,019,200 | $0 | $0 |
2016 | $5,676 | $1,019,200 | $0 | $0 |
2015 | -- | $1,171,620 | $1,000,000 | $171,620 |
2014 | -- | $1,171,620 | $1,000,000 | $171,620 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/06/2025 06/06/25 | For Sale | $6,500,000 | -- | -- |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $3,170,000 | Coward Hicks & Siler Pa | |
Warranty Deed | $1,425,000 | None Available |
Source: Highlands-Cashiers Board of REALTORS®
MLS Number: 1001104
APN: 8522-19-6519-000
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