COLD MOUNTAIN GAP
5458 Cold Mountain Road, Lake Toxaway NC
MLS 3705783 | $1,500,000
Set below the iconic granite cliffs of Cold Mountain at 4000′ elevation, this outstanding property offers many unique features that simply cannot be found elsewhere. This property is especially attractive to the buyer who prioritizes both privacy and unrivaled access to premier outdoor recreation.
One parcel features +- 67 unrestricted, gated, and private acres bordering USFS lands with a useful topography and trail network, offering versatility to create multiple home sites or rental units. The crest of the property includes the Eastern Continental Divide, and pure springs are among the uppermost sources of the Toxaway River. Trails from the property extend into the National Forest, offering access on a short hike to the summit of Cold Mountain for 360 degree spectacular views over the mountains. The property features abundant surface water with 2 crystal clear ponds. The forest on the property is beautiful with ample hardwood trees and many rhododendron for an authentic Appalachian mountain setting. Placing the property in a conservation easement is also an option for the buyer for long-term tax advantages.
On the main parcel, a ~1500-SF rustic log cabin is in great shape for your enjoyment, or this can be used as a guest house serving your new dream home once completed. The cabin offers a charming rustic ambiance with 3 bedrooms, 2 bathrooms, abundant natural light, an open-concept living room with vaulted ceilings, a wood-burning fireplace, woodstove, power generator, screened-in side porch, and a rocking-chair back porch overlooking the tranquil pond below and the surrounding hardwood forest.
Also included is a 1.8-acre lot in Lake Toxaway Estates, offering access to lake and country club amenities. This property can be kept vacant for the amenities access, or sold separately, or built upon for a rental or guest house to create additional long-term value. The land can also be sold without this parcel if desired.
Access to both properties is easy off the state-maintained and paved Cold Mountain Road. Paved frontage is rare for a higher elevation property like this one, as many others require steep and windy gravel roads to access.
Enjoy the treasured location that is walking distance to a popular Panthertown Valley trailhead, also known as “The Yosemite of the East”. From the property, the owner can walk to and enjoy over 30 miles of trails throughout the valley with soaring granite cliffs and waterfalls in every direction to explore. The property also borders Canaan Lands, which was formerly known as Camp Toxaway and this property is on the National Register of Historic Places.
Contact Collin O’Berry of Altamont Property Group for more information on this outstanding property.
Appointments are required. The entrance to this property is gated and drive-bys are not possible.
call or text: 828-772-1667