987 Cold Mountain Rd

Lake Toxaway, NC 28747

$3,250,000
Price
3
Beds
2,338 Sq. Ft.
$1,390 / Sq. Ft.
2,338
Sq. Ft.
$1,390
per Sq. Ft.
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a view of residential houses with outdoor space
a car parked on the side of the river
a patio with table and chairs and potted plants
a view of lake with trees
a view of a wooden deck with a yard
a view of a lake with a yard and large trees
a view of a street with a bench in front of house
a view of swimming pool with outdoor seating
a view of lake
a house that has a tree in front of it
a view of a chairs and table in a patio
a living room with furniture
a living room with furniture a fireplace and a flat screen tv
a dining room with furniture a chandelier and wooden floor
a living room with furniture
a living room with furniture and wooden floor
a view of a dining room and hall with wooden floor
a dining room with furniture a chandelier and wooden floor
a kitchen with lots of counter top space sink and a refrigerator
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a view of a kitchen counter space and wooden floor
a view of a dining room with furniture large windows and wooden floor
a dining room with furniture and large windows
a view of a dining room with furniture window and outside view
a bedroom with a bed and wooden floor
a bedroom with a bed and wooden floor
a bathroom with a granite countertop sink a mirror and a shower
a bedroom with furniture and wooden floor
a bedroom with a bed chair and a window
a bedroom with a bed and wooden floor
a bathroom with a sink and a mirror
a bedroom with a bed and a window
a bedroom with a bed and a painting on the wall
a bathroom with a sink toilet and shower
a en suite bathroom with a sink and a mirror
a living room with furniture and a floor to ceiling window
a living room with furniture and a large window
a dining room with furniture a chandelier and glass windows
a living room with furniture and a floor to ceiling window
a front view of a house with a garden
a front view of a house with garden
a view of lake

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...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.
  1. Listed by Amanda Jennings Gravley • Fisher Realty,Sapphire/Toxaway
    P: (828)-200-2944 C: (828)-200-2944 ajennings@fisherrealtync.com

Property Details for 987 Cold Mountain Road

Waterfront Features
Boat House, Boat Ramp – Community, Boat Slip – Community, Dock, Retaining Wall
View
Mountain(s), Water, Year Round
Parking Features
Attached Carport, Driveway, Parking Space(s)
Community Features
Boat Storage, Lake Access, Picnic Area, Playground, Walking Trails, Other
Subdivision Name
Lake Toxaway Estates
LISTING UPDATED: 03/18/2026 09:15 AM

Property Details for 987 Cold Mountain Road

StatusActive
MLS #4354164
Days on Market25
Taxes-
HOA Fees$5,292 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1973
Lot Size0.60 AC / 26,136 SF
CountyTransylvania County
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Location

Listing Courtesy of Fisher Realty,Sapphire/Toxaway
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Building Information for 987 Cold Mountain Road

Stories-Year Built1973Building Size-Lot Size0.60 AC / 26,136 SF

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$17,020 per month

30 year fixed, 6.11% Interest

Principal and Interest

$15,773

Property Taxes

$806

HOA Dues

$441

The Payment Calculator is for illustrative purposes only.

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Property Information for 987 Cold Mountain Road

Summary
Location and General Information
  • Water Body Name: Lake Toxaway
  • Longitude: -82.943814
  • Latitude: 35.140843
  • 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.
Taxes and HOA Information
  • HOA YN: Yes
  • HOA Name: IPM/Lake Toxaway Community Association
  • HOA Email: ltadmin@ipmhoa.com
  • HOA Phone: 828-966-9453
  • HOA Subject To: Required
  • HOA Subject To Dues: Mandatory
  • HOA Annual Expense: $5,292.00
  • Tax Assessed Value: $2,012,730.00
  • Parcel Number: 8522-19-2681-000
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Rosman
  • High School: Rosman
  • Elementary School: T.C. Henderson
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport Spaces: 2.0
  • Parking: Carport YN: Yes
  • Garage Spaces: 0.0
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Elevation: 3000
  • Above Grade Finished Area: 2338.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 1882
  • Sq Ft Third: 0
  • Sq Ft Unheated Main: 423
  • Sq Ft Unheated Total: 423
  • Sq Ft Upper: 456
  • Sq Ft Other: 0.0
  • Sq Ft Second Living Quarters HLA: 0.0
  • Sq Ft Total Property HLA: 2338.0
  • Lot Features: Green Area, Level, Views, Waterfront
  • Lot Size Units: Acres
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: No
  • New Construction YN: No
  • Photos Count: 42
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Restrictions: Architectural Review, Building, Manufactured Home Not Allowed, Short Term Rental Allowed, Square Feet, Use
Utilities
  • Sewer: Septic Installed
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Partial, Wood
  • Patio And Porch Features: Patio, Screened
  • Pool Private YN: No
  • Road Surface Type: Asphalt, Gravel, Paved
  • Roof: Architectural Shingle
Interior Features
  • Appliances: Dishwasher, Dryer, Electric Oven, Microwave, Washer
  • Levels: Two
  • Cooling: Central Air, Electric
  • Heating: Electric, Forced Air, Propane
  • Interior Features: Open Floorplan, Storage
  • Laundry Features: In Kitchen
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Foundation Details: Crawl Space
  • Basement YN: No
  • Bedroom Main: 1
  • Bedroom Upper: 2
  • Full Bath Main: 2
  • Full Bath Upper: 1
  • Half Bath Main: 0
  • Half Bath Upper: 0
Room Information
Room Information
  • Room Count: 11.0
Room 1
  • Room Types: Primary Bedroom
  • Room Level: Main
Room 2
  • Room Types: Flex Space
  • Room Level: Main
Room 3
  • Room Types: Bathroom-Full
  • Room Level: Main
Room 4
  • Room Types: Bathroom-Full
  • Room Level: Main
Room 5
  • Room Types: Kitchen
  • Room Level: Main
Room 6
  • Room Types: Dining Area
  • Room Level: Main
Room 7
  • Room Types: Living Room
  • Room Level: Main
Room 8
  • Room Types: Sunroom
  • Room Level: Main
Room 9
  • Room Types: Bedroom(s)
  • Room Level: Upper
Room 10
  • Room Types: Bedroom(s)
  • Room Level: Upper
Room 11
  • Room Types: Bathroom-Full
  • Room Level: Upper

Property History for 987 Cold Mountain Road

DateEvent & SourcePriceAppreciation
Mar 7, 2026

Listed (Active)

CANOPY #4354164

$3,250,000—
Dec 31, 2024

Withdrawn

CANOPY #4070374

$2,500,000—
Dec 31, 2023

Expired

CANOPY #4070374

$3,500,000—
Sep 19, 2023

Listed (Active)

CANOPY #4070374

$3,500,000—
DateEvent & SourcePrice
03/07/2026

Listed (Active)

CANOPY #4354164

$3,250,000
12/31/2024

Withdrawn

CANOPY #4070374

$2,500,000
12/31/2023

Expired

CANOPY #4070374

$3,500,000
09/19/2023

Listed (Active)

CANOPY #4070374

$3,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 987 Cold Mountain Road

Taxable ValueLand$1,000,000Additions$1,012,730Total$2,012,730
Tax Record2025$9,671 ($806 / month)
Home Facts
Beds3Baths3Total Finished SqFt2,446 SqFtAbove Grade Finished SqFt2,446 SqFtLot Size27,007 SqFtStyleSingle Family ResidenceYear Built1973Year Renovated1985CountyTRANSYLVANIAAPN8522-19-2681-000Fireplace TypeHas Fireplace

Schools near 987 Cold Mountain Road

This home is within Transylvania County School District.
Rating
School
Type
Grades
Distance
T C Henderson Elementary
Public - PK to 5
Rosman Middle
Public - 6 to 8
Rosman High
Public - 9 to 12
Rosman Elementary
Public - PK to 5
Rating
School
Distance
T C Henderson Elementary
PublicPK to 5

Rosman Middle
Public6 to 8

Rosman High
Public9 to 12

Rosman Elementary
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 987 Cold Mountain Road, Lake Toxaway, NC 28747

987 Cold Mountain Road is a single family home for sale in Lake Toxaway, NC 28747. This property was listed for sale on March 7, 2026 by Fisher Realty,Sapphire/Toxaway, it's currently listed at $3,250,000. This listing's school district is Transylvania County School District. Nearby schools include T C Henderson Elementary, Rosman Middle and Rosman High. 987 Cold Mountain Road is a 3-bed, 3-bath, 2,338 sqft single family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Fisher Realty,Sapphire/Toxaway

Based on information submitted to the MLS GRID as of 03/18/2026 09:15 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.