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$2,500,000

447 Lily Pad Lane
Flat Rock, NC 28731
Listed by Andrew Riddle · Whitney Commercial Real Estate
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2006

About this home

Tucked along the serene shores of Highland Lake 447 Lily Pad Lane offers a rare opportunity to transform nearly 5 acres of gently sloping, wooded lakefront into a best-in-class destination. Envisioned as a boutique resort or wellness retreat, the site sits adjacent to two of the region’s established hospitality anchors: Highland Lake Inn & Resort and Season’s Restaurant, creating a seamless integration into an already thriving leisure corridor. Over 24,582 SF of existing improvements, including 3 buildings; a former lodge, educational building, and administrative offices The property offers immediate development potential supported by strong infrastructure, flexible zoning, and scenic vistas from nearly every angle. Guests will enjoy direct access to the lake, lush open spaces, and proximity to some of WNC's most beloved attractions. This unique property offers developers and investors a one-of-a-kind platform to for a transformative hospitality product.

Property details

MLS
Canopy MLS
MLS #
CAR4289601
Property type
Special Purpose
Subdivision
N/A
Status
Active
Days on market
327
On market date
August 8, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hendersonville Elementary
3.37 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
321
Student:teacher ratio
14.6:1
District
Henderson County Schools
Middle
Flat Rock Middle
1.08 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
761
Student:teacher ratio
15.5:1
District
Henderson County Schools
High
East Henderson High
1.24 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
910
Student:teacher ratio
15.2:1
District
Henderson County Schools

Walkability

Blended score for Flat Rock's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

72
Walkable
out of 100
EPA National Walkability Index
11.8 / 20 -- Above average walkable
Google Places amenity density
90 / 100
Restaurants & cafes10
Grocery stores4
Parks2
Schools3
Transit stops8
Pharmacies5

Market position

How this listing compares to current activity in Flat Rock, from live MLS data.

On the market 327 days -- 143 more days than Flat Rock's current average of 184 days.
For reference, the median list price across 124 active listings in Flat Rock right now is $479,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$15,205/mo
$500,000 down
$2,000,000 loan
Principal & interest$12,972
Property tax (est.)$2,083
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated July 27, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.