86 Lily Pad Lane Flat Rock, NC 28731 -- MLS# 4420863

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86 Lily Pad Lane
Flat Rock, NC 28731
FOR
SALE
$5,300,000
Active
60,769
Sqft
1912
Yr. Built
MLS# 4420863
Cumulative Days on Market: 19 · Includes prior listings · Currently listed since 09/03/26 · Data provided by the MLS.

Property Description

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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Property Highlights

Property Type
Commercial Sale
Property Sub Type
Hotel/Motel
Year Built
1912
Cumulative Days On Market
1

Location

City/Township
Flat Rock
View
Water
County
Henderson

Lake/Waterfront Information

Water Body Name
Highland Lake
Waterfront Features
Boat Slip (Deed), Dock, Paddlesport Launch Site

Property Details

Price
$5,300,000
Property Type
Commercial Sale
Property Sub Type
Hotel/Motel

Building

Total Area
60,769

Interior Features

Area and Spaces

Number of Units
63

Interior Features

Flooring
Carpet, Tile, Vinyl, Wood
Accessibility Features
Two or More Access Exits, Bath Grab Bars, Handicap Parking, Pool Power Lift

Heating and Cooling

Heating Features
Central, Electric, Natural Gas

Building Details

Construction

Year Built
1912
Foundations
Crawl Space, Slab

Materials

Construction Materials
Frame, Wood
Roof
Architectural Shingle

Terms

Terms

Inclusions
Building, Equipment, Fixtures, Inventory, Licenses
Special Conditions
None
Special Terms
Cash, Conventional
Cumulative Days On Market
1

Taxes

Tax

Tax Assessed Value
5493000.00

Heating, Cooling & Utilities

Cooling Features
Central Air, Total

Utilities

Utilities
Cable Connected, Electricity Connected, Natural Gas, Phone Connected
Sewer
Public Sewer
Water Source
Public

Lot

Lot Size
24.62
Lot Features
Waterfront
Road Surface
Paved
Road Frontage
4 Lane Highway, City Street

Pool Features

Has Private Pool
Yes
Pool Features
In Ground, Outdoor Pool
Listed by Likewise Commercial Real Estate, debbie@likewisecommercial.com
Listing Data last updated 09/22/2026 01:00 pm
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Property History

4 days ago
Property information last updated
18 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 19 days (includes prior listings) · Currently listed since September 3, 2026. Data provided by the MLS.

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