Flat Rock Resort on Highland
86 Lily Pad Ln Flat Rock, NC 28731
86 Lily Pad Ln, Flat Rock, NC, 28731
Contact for pricing
For Sale
Contact for pricing
Resort on 26 acres with lodging, restaurant, and meeting spaces.
Property Size60,769 SF
Lot Size26.00 Acres
Price / SF$87.22
Days on Market114
Property Features for 86 Lily Pad Ln
General Information
- Standard status
- Active
- Size
- 60,769 SF
- Lot size
- 26.00 Acres
- Property subtype
- Hospitality, Land, Special Purpose
Listing Agency
Dewey Property Advisors
(828) 210-3940
Listed by
Debbie Lane · License #NC 122957
Source
Crexi
Added: Mar 26 Checked: Jul 15 at 9:25 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dewey Property Advisors
Investment Insights
Based on property information with market context.
This resort is located in Flat Rock, North Carolina, and occupies 26 acres on Highland Lake. The property includes a total of 63 bedrooms distributed among cottages, a lodge, and homes, as well as the Woodward House. It features meeting spaces, reception facilities, and the Seasons restaurant. An owner's residence is included in the purchase.
Key Highlights
- 26‑acre resort property on Highland Lake in historic Flat Rock, NC.
- 63 bedrooms across cottages, Lodge, Woodward House, and homes.
- Includes an owner's residence.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $911.5k | $15.00 |
| − Vacancy | −$138.6k | −$2.28 |
| EGI | $773.0k | $12.72 |
| − OpEx | −$405.8k | −$6.68 |
| NOI | $367.2k | $6.04 |
60,769 SF · lease $15.00/SF/yr · vacancy 15.20% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$5.25M
$4.59M – $6.12M
NOI $367,166 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.25M
$17.72M – $23.63M
NOI $1,417,619 @ 7.0% cap · market cap 26.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Resorts
Similar For Sale Nearby
FAQs
What type of property is this?
Resort - Resort on 26 acres with lodging, restaurant, and meeting spaces.
Where is this resort located?
The property is located at 86 Lily Pad Ln Flat Rock, NC.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 26‑acre resort property on Highland Lake in historic Flat Rock, NC.; 63 bedrooms across cottages, Lodge, Woodward House, and homes.; Includes an owner's residence.
