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    447 Lily Pad Ln Flat Rock, NC 28731

    For Sale
    $3,483,000

    Lakeside property ideal for a boutique resort or wellness retreat.

    Property Features for 447 Lily Pad Ln

    General Information

    Standard status
    Active

    Building Details

    Year built
    2006

    Source: WHITNEY COMMERCIAL REAL ESTATE Agent ANDREW RIDDLE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highland Lake Development Opportunity

    Located along the shores of Highland Lake at 447 Lily Pad Lane, this property presents an opportunity to develop nearly 5 acres of wooded lakefront. The site is envisioned for a boutique resort or wellness retreat and is situated adjacent to Highland Lake Inn & Resort and Season’s Restaurant. The existing improvements include 24,582 square feet across three buildings: a former lodge, an educational building, and administrative offices. The property offers development potential supported by infrastructure, flexible zoning, and scenic views. Guests will have direct access to the lake and open spaces, as well as proximity to regional attractions. This property is suitable for a transformative hospitality product.
    Location Intelligence

    Current Use by Public Records

    Resorts

    Suggested Use

    Realty agency Building Supply Kitchen & Bath Department Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flat Rock
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.3668
    Latitude
    35.2797

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    FAQs

    What type of property is this?
    Resort - Lakeside property ideal for a boutique resort or wellness retreat.
    Where is this resort located?
    The property is located at 447 Lily Pad Ln Flat Rock, NC.
    What is the asking price?
    The asking price for this property is $3,483,000.
    What are key features of this property?
    This property features: - Nearly 5 acres of gently sloping, wooded lakefront on Highland Lake.; - Existing infrastructure and flexible zoning offer immediate development potential.; - Over 24,582 SF of existing improvements across 3 buildings (former lodge, educational building, and administrative offices).
    (828) 665-9085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    447 Lily Pad Ln Flat Rock, NC 28731
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