$6,500,000

Estimated payment $36,618/month

Total Views 4,285
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

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

Mitzi Rauers

Berkshire Hathaway HomeServices Meadows Mountain Realty Listed on: 06/06/2025

Berkshire Hathaway HomeServices Meadows Mountain Realty

Co-Listing Agent

John Muir

Berkshire Hathaway HomeServices Meadows Mountain Realty - HF

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,851

Year Built

Built in 1977

Lot Details

0

HOA Fees

$416 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.89
  • Road Frontage Type: Private Road
  • Road Surface Type: Asphalt
  • Water Body Name: Lake Toxaway
  • Co List Office Mls Id: 203
  • Co List Office Phone: 828-526-1717
  • Exclusions: None
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Hwy 64 to Blue Ridge Road (281N) to left on Cold Mountain Road. The home will be on the left just past Mallard Point. You can either walk down to the other home or jump on your car and turn on Mallard Point and it will be the first home on the right.
  • Architectural Style: Ranch, Traditional
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1977
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Tile

Exterior Features

  • Lot Features: Back Yard, Cleared, Waterfront, Level, Rolling Slope
  • Pool Features: Community
  • Topography: Level,Rolling
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront Features: Lake, Waterfront
  • Waterfront: Yes
  • Disclosures: Flood Plain Disclosure
  • Construction Type: Wood Siding
  • Exterior Features: Dock, Fire Pit
  • Other Structures: Boat House, Guest House, Residence
  • Patio And Porch Features: Covered, Enclosed, Patio, Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 2.0
  • Parking Features: Circular Driveway, Carport, Paved, Parking Lot

Utilities

  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Sewer Applied for Permit
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Playground, Pool, Tennis Court(s)
  • Association #2 Fee: 2496.0
  • Association #2 Fee Frequency: Annually
  • Association Fee: 2496.0
  • Association Fee Frequency: Annually
  • Association: Lake Toxaway Community Association
  • Association Name: Lake Toxaway Community Association
  • Association: Yes

Lot Info

  • Parcel #: 8522-19-6519-000, 8522-19-6347-000
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 18851.44
  • Tax Lot: LP5
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $6,500,000 -- --
Source: Highlands-Cashiers Board of REALTORS®

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: Public Records

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 1001104

APN: 8522-19-6519-000