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$2,800,000

  • Sold
  • Closed
  • Single Family
  • 3 Beds
  • 3 Full Baths
See This Home
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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 for 987 Cold Mountain Rd

General

  • Sold For: $2,800,000
  • HOA FEE: $441/month
  • HOA FEE FREQ.: Annually
  • Status: Closed
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4354164
  • Added to Site: 172 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
Sold by Lake Toxaway Co.

Listing agent

— 987 Cold Mountain Rd —

  • Fisher Realty,Sapphire/Toxaway

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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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

Date
Details
Price
Change
Source
6/18/2026
Sold
$2,800,000
-13.85%
MLS
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.

Listed by Fisher Realty,Sapphire/Toxaway
Sold by Lake Toxaway Co.

987 Cold Mountain Road, Lake Toxaway, NC 28747 (MLS# 4354164) is a Single Family property that was sold at $2,800,000 on June 18, 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.