Melisa Loudermilch

1585 Cold Mountain Road

Lake Toxaway, NC
$ 4,995,000 Beds 4 Baths 4.5
Monthly Estimate* How much can I afford?

Welcome to an extraordinary lakefront retreat on Lake Toxaway, thoughtfully designed by renowned architect Allen Brown and expertly crafted by John Holbrook. Set on a rare flat lot with easy access to a private dock, this home blends timeless mountain charm with relaxed lakeside living. Inside, the spacious floor plan features 4 bedrooms and 4.5 bathrooms, designed for both comfort and entertaining. The main-level primary suite is a true sanctuary, complete with exposed beams, dual walk-in closets, and a spa-like soaking tub. Upstairs, generously sized guest bedrooms provide plenty of space and privacy for family and visitors. At the heart of the home, the chef’s kitchen is outfitted with a Viking range, abundant storage, and an open layout that flows seamlessly into the great room. A stunning masonry fireplace anchors the living space, creating a warm and inviting atmosphere year-round. Step outside to enjoy the expansive outdoor living area, where a second fireplace overlooks the lake — the perfect setting for quiet mornings, evening gatherings, and unforgettable memories by the water. Elegant shiplap detailing throughout the main level adds warmth and classic mountain character. Designed with both beauty and functionality in mind, the property also includes a two-car garage with a built-in workshop, additional covered storage for boats, bikes, or extra vehicles, and a large lower-level area ideal for kayaks, paddle boards, canoes, and all your lake gear. Offering exceptional craftsmanship, breathtaking surroundings, and the best of Lake Toxaway living, this remarkable waterfront home is a place to relax, reconnect, and enjoy every season by the lake. Furnishings are negotiable with some exceptions. Membership to Lake Toxaway Country Club is based on availability and application.

Single Family

  • Price
  • $ 4,995,000
  • City
  • Lake Toxaway
  • Bedrooms
  • 4
  • Full Bathrooms
  • 4
  • County
  • Transylvania
  • Half Bathrooms
  • 1
  • Area
  • Toxaway
  • Lot Size
  • 0.612 Acres
  • Zip
  • 28747
  • Year Built
  • 2006
  • Taxes
  • $ 16323
  • Style
  • MLS#
  • 1003359
Listed By: Lake Toxaway Company
Data Source: Highlands Cashiers MLS (HCMLS-NC)

Features

General

View Lake
Heating Multi-Fuel
Cooling Gas,Heat Pump
Year Built 2006
Appliances Dryer,Dishwasher,Exhaust Fan,Gas Oven,Refrigerator,Washer
Exterior Features Dock,Private Yard
Interior Features Breakfast Bar,Built-in Features,Kitchen Island,Pantry,Vaulted Ceiling(s),Walk-In Closet(s),Workshop
Utilities Cable Available,Cable Connected,Electricity Connected,High Speed Internet Available,Phone Connected
Roof Shingle

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Highlands, NC office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School
Middle School
High School

Price History

5/21/2026 Listed $4,995,000

Property vs Zip Code Average in 28747

Price
AVG $3.46M
$5M
Taxes
AVG $11,367
$16,323
Year Built
AVG 1994
2006

In The Neighborhood

Areas That We Cover

1585 Cold Mountain Road Lake Toxaway, NC is a Single Family Home for sale at $4995000 and a lot size of 0.612 Acres Acre(s). 1585 Cold Mountain Road Lake Toxaway has 4 bedrooms, 4 baths and was built in 2006. The property's zip code is 28747 which is in Lake Toxaway, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Melisa Loudermilch

Melisa Loudermilch

828-373-6913

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