86 Lily Pad Lane Flat Rock, NC $ 5,300,000
86 Lily Pad Lane
$ 5,300,000
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86 Lily Pad Lane

Flat Rock, NC, 28731
$ 5,300,000
Bedrooms-- Baths-- Sq 60,769

Monthly Estimate*

$ 36,606

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Commercial Property for sale in Flat Rock, NC

for $5,300,000. This 60,769 square foot building was built in 1912 on a lot size of 24.62.

Rare opportunity to own an outstanding, well established, turn-key resort in the heart of historic Flat Rock, NC on 25 gorgeous acres bordering Highland Lake. Great potential to be converted into a wellness retreat, conference center, religious assembly, educational campus, corporate event center, or other special purpose resort. Set along the serene shores of Highland Lake, the property features a highly acclaimed, award-winning restaurant known for its strong local and tourist patronage. Anchored by a chef-designed kitchen, the restaurant is further enhanced by multiple private dining areas and a dedicated special events hall—positioning the venue as a prime location for weddings, retreats, and corporate functions. The resort includes 65 keyed guest accommodations distributed across a mix of charming cottages, rustic cabins, and traditional inn-style lodge, offering a versatile guest experience. On-site conference and meeting facilities can accommodate groups ranging from 60 to 200 attendees, supporting year-round group bookings and events. Amenities include a seasonal pool with a covered pavilion, tennis courts, and extensive outdoor space, all of which contribute to the resort’s draw as a multi-faceted destination. With room for future expansion and the ability to introduce new programming, this is a generational acquisition opportunity in one of Western North Carolina’s most picturesque and historically rich locales. Option: The property can include a three bedroom owner’s residence on 1 acre, shown in the brochure as the Garden House, for an additional $700,000.

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Commercial Active

Price

$ 5,300,000

Property Type

Commercial

Taxes

$ 0

Style

Hotel/Motel

Lot Size

24.62

Year Built

1912

Town/City

Flat Rock

County/Region

Henderson

MLS | Web ID

4420863

Features
General
Sewer Public Sewer
Heating Central Electric Natural Gas
Cooling Central Air Total
Utilities Cable Connected Electricity Connected Natural Gas Phone Connected
Roof Architectural Shingle
Pool Features In Ground Outdoor Pool
Construction Materials Frame Wood
Year Built 1912
View Water
Property Subtype Hotel/Motel
Parcel Number 9577-55-6566
Elevation 1500
Waterfront Features Boat Slip (Deed) Dock Paddlesport Launch Site
Accessibility Two or More Access Exits Bath Grab Bars Handicap Parking Pool Power Lift
Additional Parcels Description 9577458905
County Henderson
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial Private Estate Subdevelopment
Building Features Receptions Room
Other Structures Other - See Remarks
Directions From I-26 E: Take Exit 53 (Upward Road) and follow Upward Road to N Highland Lake Road to Lily Pad Lane.
City Flat Rock
Body of Water Highland Lake
Senior Community Y/N N
Number Of Units Total 63
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Other - See Remarks
Tax Assessed Value 5493000
Listing Terms Cash Conventional
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Interior
Flooring Carpet Tile Vinyl Wood
Basement (Y/N) N
Below Grade Finished Area 0
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Exterior
Lot Features Waterfront
Water Source Public
Inclusions Building Equipment Fixtures Inventory Licenses
Lot Size Area 24.62
Foundation Details Crawl Space Slab
Building Area Total 60769
Road Surface Type Paved
Road Frontage Type 4 Lane Highway City Street
Road Responsibility Publicly Maintained Road Private Maintained Road
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Internal Only
Street Number 1 86
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* Excluded Features
List By
Likewise Commercial Real Estate

Broker

Affordability Calculator

$36,606
Per Month
100%
0%
0%
Monthly Principal & Interest
$36,606
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$5,300,000 Listed Price

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86 Lily Pad Lane, Flat Rock, NC, 28731 is a Commercial Property for sale at $5,300,000 with 60,769 sqft and a lot size of 24.62. 86 Lily Pad Lane was built in 1912. The property's zip code is 28731 which is in Flat Rock, NC