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$1,395,000
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Property Description
Set in the heart of Lake Toxaway's premier golf community, 516 Cherokee Trace offers an exceptional blend of comfort, convenience, with a view of Lakeside Mountain. This beautifully appointed home captures expansive vistas of the golf course, including a stunning perspective of Hole #16 and its pristine green-an ever-changing backdrop that can be enjoyed from multiple vantage points throughout the property. This 3,135 square foot residence features 4 bedrooms and 4 bathrooms, thoughtfully designed to provide both privacy and inviting gathering spaces. The interior is being offered furnished with select exceptions, allowing for an easy transition into mountain living. Ideally located just moments from the club, this home combines accessibility with a sense of retreat. A two-car garage, along with an additional two-car carport, ensures ample parking and a covered, welcoming entrance for residents and guests alike. Whether you're seeking a full-time residence or a mountain getaway, this property delivers scenic beauty, functional design, and a coveted location within one of Lake Toxaway's most desirable settings. Membership to Lake Toxaway Country Club is based on application and availability.
Full Property Details
Full Property Details for 516 Cherokee Trce
General
- Price: $1,395,000
- HOA FEE: $340/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4377271
- Updated: 5/2/2026
- Added to Site: 13 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Living Room, Living Room
- Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer, Wine Refrigerator
- Flooring: Slate, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Main - Full Baths: 3
- Basement Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms-B: 1
- Bedrooms Main & Up: 3
Other Rooms
- Laundry: Laundry Room, Main Level
Parking
- Garage: Yes
- Garage Description: 649 Sq. Ft.
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 2
- Parking Features: Attached Carport, Driveway, Garage Faces Side
Location
- County: Transylvania
- Subdivision: Lake Toxaway Estates
- Driving Directions: From the main entrance, follow West Club Blvd. to the first stop sign. Go straight through to continue onto Chestnut Trace. At the next stop sign, turn right. Go through the next stop sign, then cross over the golf course and take the first right onto Cherokee Trace. Follow to #516 on the right. The driveway is marked with "Enter" and "Exit" sides.
Community
- Assoc. Name: LTCA
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Septic Installed
- Water: Well
- Utility Description: Cable Available, Electricity Connected, Phone Connected
Structural Information
- Construction: Site Built
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Walk-Out Access, Walk-Up Access
- Main/1st Level: 1,968 Sq. Ft.
- Year Built: 1991
Lot Features
- Street/Road Desc.: Concrete, Paved
- Elevation (Approx.): 3000
Financial Considerations
- Association Fee: $4,085
- Assoc Fee Freq.: Annually
Disclosures and Reports
- Property ID: 8512-86-1683-000
- Lot Number: 616/701
Listed by Lake Toxaway Co.
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Schools
Schools serving 516 Cherokee Trce
School District:Transylvania County Schools
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Cherokee Trce
Date
Details
Price
Change
Source
5/02/2026
Listed
$1,395,000
335.94%
MLS
6/20/2012
Sold
$320,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 516 Cherokee Trce
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,181
45%
$870,080
98%
2023
$2,891
1%
$439,180
—
2021
$2,869
98%
$439,180
—
2022
$1,446
-40%
$439,180
27%
2020
$2,411
1%
$346,470
—
2019
$2,394
22%
$346,470
—
2018
$1,959
1%
$346,470
—
2017
$1,936
—
$346,470
—
2016
$1,929
-35%
$346,470
-43%
2015
$2,956
3%
$608,490
—
2013
$2,858
—
$608,490
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 Cherokee Trce
516 Cherokee Trace, Lake Toxaway, NC 28747 (MLS# 4377271) is a Single Family property with 4 bedrooms and 4 full bathrooms. 516 Cherokee Trace is currently listed for $1,395,000 and was received on May 02, 2026. Want to learn more about 516 Cherokee Trace? Do you have questions about finding other Single Family real estate for sale in Lake Toxaway? You can browse all Lake Toxaway real estate or contact a Coldwell Banker agent to request more information.
