Date
Details
Price
Change
Source
3/07/2026
Listed
$3,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,250,000
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Property Description
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.
Full Property Details
Full Property Details for 987 Cold Mountain Rd
General
- Price: $3,250,000
- HOA FEE: $441/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4354164
- Updated: 3/18/2026
- Added to Site: 37 day(s) ago
Interior
- Interior Features: Open Floorplan, Storage
- Fireplace: Yes
- Fireplace(s): Living Room, Living Room
- Appliances: Dishwasher, Dryer, Electric Oven, Microwave, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Upper - Full Baths: 1
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Upper: 2
- Bedrooms Main & Up: 1
Other Rooms
- Laundry: In Kitchen
Additional Information
- Shared Amenities: Boat Storage, Lake Access, Picnic Area, Playground, Walking Trails, Other
Parking
- Carports: Yes
- Carport Spaces: 2
- Parking Features: Attached Carport, Driveway, Parking Space(s)
Location
- County: Transylvania
- Subdivision: Lake Toxaway Estates
- Driving Directions: Take 281 North, slight left onto Cold Mountain Road. Home will be on the left just after 963 Cold Mountain Road and before 1001.
School Information
- Elementary School: T.C. Henderson
- Middle School: Rosman
- High School: Rosman
Community
- Assoc. Name: IPM/Lake Toxaway Community Association
Heating & Cooling
- Cooling Type: Central Air, Electric
- Heating Type: Electric, Forced Air, Propane
Utilities
- Sewer: Septic Installed
- Water: Well
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Partial, Wood
- Roof: Architectural Shingle
- Upper: 456 Sq. Ft.
- Main/1st Level: 1,882 Sq. Ft.
- Year Built: 1973
Lot Features
- Street/Road Desc.: Asphalt, Gravel, Paved
- Elevation (Approx.): 3000
- Lot Features: Green Area, Level, Views, Waterfront
Water Features
- Water Front Name: Lake Toxaway
Financial Considerations
- Association Fee: $5,292
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional
Disclosures and Reports
- Restrictions: Architectural Review, Building, Manufactured Home Not Allowed, Short Term Rental Allowed, Square Feet, Use
- Property ID: 8522-19-2681-000
- Lot Number: 1088/119
Listed by Fisher Realty,Sapphire/Toxaway
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Listing agent
— 987 Cold Mountain Rd —
Fisher Realty,Sapphire/Toxaway
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 987 Cold Mountain Rd
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 987 Cold Mountain Rd
Tax History
Tax History for 987 Cold Mountain Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,671
38%
$2,012,730
89%
2023
$6,995
—
$1,062,620
—
2022
$6,995
1%
$1,062,620
—
2021
$6,942
-18%
$1,062,620
-13%
2020
$8,462
1%
$1,215,840
—
2019
$8,401
22%
$1,215,840
—
2018
$6,874
—
$1,215,840
—
2017
$6,888
—
$1,215,840
—
2016
$6,860
-1%
$1,215,840
-14%
2015
$6,960
4%
$1,415,950
—
2013
$6,674
—
$1,415,950
—
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 987 Cold Mountain Rd
987 Cold Mountain Road, Lake Toxaway, NC 28747 (MLS# 4354164) is a Single Family property with 3 bedrooms and 3 full bathrooms. 987 Cold Mountain Road is currently listed for $3,250,000 and was received on March 07, 2026. Want to learn more about 987 Cold Mountain Road? 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.