516 Cherokee Trace, Lake Toxaway, NC 28747
Lake Toxaway Estates · Transylvania County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1991
Living Area
3,135 sq ft
Garage Spaces
2
Zoning
None
Days on Market
1
MLS® Listing#
4377271
Property Features
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Parking
Laundry
Utilities
Sewer
Water Source
Schools
- Elementary:
- Unspecified
- Middle:
- Unspecified
- High:
- Unspecified
Financial Details
HOA
$4,085 / Annually
LTCA
Assessed Value
$870,080
Parcel Number
8512-86-1683-000
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.
Affordability Calculator
$279,000
Estimated monthly payment
$7,425/mo
Principal $1,116,000 · Est. interest $1,556,919 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake Toxaway, NC
- $373,118
- Median Listing Price
- 81
- Median Days on Market
- 2,266
- Median Sq Ft
- $174
- Median Price / Sq Ft
- 567
- Active Listings
- This home’s price is 274% above the area median.
- Its price per sq ft is 155% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake Toxaway, NC.
Location
Points of Interest in Lake Toxaway, NC
Showing the Lake Toxaway area map.
Nearby Schools
T C Henderson Elementary School
Elementary · 3.8 mi away
Rosman Elementary School
Elementary · 7.2 mi away
Rosman High School
Secondary · 7.5 mi away
Rosman Middle
Secondary · 7.6 mi away
Cashiers Valley Preschool
School · 8.3 mi away
Summit Charter School
School · 8.8 mi away
Blue Ridge School
Secondary · 9.4 mi away
Brevard Academy
School · 13.7 mi away
Mountain Sun Community School
School · 13.7 mi away
Brevard High School
Secondary · 13.7 mi away
Transylvania County Schools
School · 13.9 mi away
Brevard Elementary School
Elementary · 14.6 mi away
Bethany Christian School
School · 14.8 mi away
Highlands School
School · 14.9 mi away
Brevard Middle School
Secondary · 14.9 mi away
Kid City USA - Pisgah Forest
School · 15.4 mi away
Nanna's & Mommy's
School · 15.5 mi away
Pisgah Forest Elementary School
Elementary · 16.5 mi away
Davidson River School
Secondary · 16.6 mi away
Tamassee Salem Middle High
School · 16.8 mi away
Commute Calculator
Nearby Homes
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 324 Fennel Dun Circle, Biltmore Lake, NC | $999,000 | 4 | 4 | 2,606 |
| 231 Blue Bird Road, Lake Lure, NC | $999,900 | 4 | 3 | 4,181 |
| 118 Rock Point Road, Lake Lure, NC | $1,000,000 | 4 | 3 | 2,046 |
| 334 Willow Top Lane, Lake Lure, NC | $1,050,000 | 3 | 4 | 3,885 |
| 130 Ginger Quill Circle, Biltmore Lake, NC | $1,075,000 | 4 | 4 | 3,592 |
| 117 Sunrise Point, Badin Lake, NC | $1,090,000 | 4 | 2 | 2,136 |
Moving Cost Estimate
EXIT Agents in Lake Toxaway
Listing Courtesy: Lake Toxaway Co. - ross@laketoxaway.com
Last Updated: 2026-05-02
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