Lake Toxaway · Lake Toxaway, NC
516 Cherokee Trace
Lake Toxaway, NC · 3,135 sqft
$1,395,000
- 4Beds
- 4Baths
- 3,135SqFt
- 1991Year
- 1Days on market
About this home
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 details
- Beds
- 4
- Baths
- 4
- SqFt
- 3,135
- Lot
- —
- Year built
- 1991
- Type
- Single Family
- Days on market
- 1
- Garage
- 2
- Heating
- Heat Pump
- Cooling
- Central Air
- Foundation
- Crawl Space
- Flooring
- Slate, Vinyl, Wood
- View
- Golf Course
- HOA dues
- $4,085 / yr
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$10,607/ month
- Principal & interest
- $8,639
- Property tax (~1.05%)
- $1,220
- Homeowners insurance
- $406
- HOA dues
- $340
Down payment
$69,750 down · $1,325,250 financed
Income to qualify (28% rule)
~$454,610 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.