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    86 Lily Pad Ln Flat Rock, NC 28731

    Sponsored
    For Sale
    $6,800,000

    Historic Flat Rock, NC Resort - 68 Keys

    Property size:
    60,769 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional hospitality investment opportunity presents the Highland Lake Inn and Resort, a stunning 68-key property nestled on 26 acres in the heart of historic Flat Rock, North Carolina. Built in phases, beginning in 1912 and continuing in 1960, the resort boasts a total of 60,769 square feet and features a diverse range of accommodations including cottages, a lodge, the Woodward House, and additional residential units. The property includes ample meeting and reception spaces, along with the acclaimed Seasons restaurant. The asking price is $6,800,000, translating to $111.90 per square foot. The property is zoned R-C and features a variety of amenities and services (detailed specifications available upon request). An owner's residence is included in the sale. The property's location at 86 Lily Pad Ln, Flat Rock, NC 28731, offers unparalleled access to the area's rich history and natural beauty. The property's APN is available upon request. This rare opportunity presents a unique chance to acquire a well-established and profitable resort in a highly desirable location.

    Property Features for 86 Lily Pad Ln

    General Information

    Property type
    Motels
    Square Feet
    60,769 SF
    Lot Size
    1,089,000 SF

    HighLights

    • Exceptional hospitality investment opportunity: 68‑key Highland Lake Inn & Resort on 26 acres in Flat Rock, NC.
    • 60,769 SF resort with cottages, lodge, Woodward House, & residential units.
    • Includes meeting/reception spaces & Seasons restaurant; asking price $6,800,000 ($111.90/SF).
    • R‑C zoning; owner's residence included.
    • Located at 86 Lily Pad Ln, Flat Rock, NC 28731.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    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
    -82.4327449
    Latitude
    35.2833374

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    FAQs

    What type of property is this?
    Motel - Historic Flat Rock, NC Resort - 68 Keys
    Where is this motel 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 $6,800,000.
    What are key features of this property?
    This property features: Exceptional hospitality investment opportunity: 68-key Highland Lake Inn & Resort on 26 acres in Flat Rock, NC.; 60,769 SF resort with cottages, lodge, Woodward House, & residential units.; Includes meeting/reception spaces & Seasons restaurant; asking price $6,800,000 ($111.90/SF).
    Request Owner's contact information
    86 Lily Pad Ln Flat Rock, NC 28731
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    Flat Rock, NC 28731
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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
    86 Lily Pad Ln Flat Rock, NC 28731
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