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5529965
5642019

86 Lily Pad Ln, Flat Rock, NC 28731

DL
NC 122957
Dewey Property Advisors
Listed by Dewey Property Advisors
$6,000,000
4 days on market
Updated 4 days ago

Highland Lake Inn and Resort

Details
APN see exhibit A
Property Type Retail, Office (+1)
Sub Type Restaurant, Executive Office (+4)
Square Footage 60,769
Price per SqFt $99
Year Built 1912, 1960
Acreage 25.000
Zoning R-C
Investment Type Value Add
Sale Condition 1031 exchange

INCREDIBLE RESORT OPPORTUNITY | 26 Acres in the Heart of Historic Flat Rock, NC

Marketing description

Rare opportunity to own an outstanding, well established, turn-key resort in the heart of historic Flat Rock, NC on 26 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.

This 180-seat fine dining restaurant includes a fully equipped chef’s dream commercial kitchen and private dining rooms. The award winning restaurant currently offers breakfast, lunch, and dinner. 

The Woodward House has a classic bed and breakfast feel with Victorian décor. It takes its namesake from Colonel J.C. Woodward, who originally operated the property starting in 1919 and founded the Carolina Military and Naval Academy in the 1920s.  Each of the 16 spacious guest rooms has a private bath and is decorated uniquely giving each its own character.  The living room and lobby areas offer a fireplace, library, sunroom, and full kitchen.

This venue is perfect for hosting large groups and special events.  It has a banquet kitchen, separate bar area, a large banquet area that can be divided into two areas, and the outdoor deck that looks over the organic garden and serene lake.  The Grand Ole Hall’s capacity is approximately 200 guests. Featuring a new roof and beautiful new flooring.

The Kudzu Cottage is located next to the Season’s restaurant, and accommodates approximately 60 guests for meetings or gatherings.  It has hardwood floors, large windows, a gas fireplace, and a separate breakout room.

This 735-SF stand-alone, one-of-a-kind suite features a spacious dining area, inviting living room, and a large bedroom with a luxurious whirlpool tub, dual fireplaces, a carved four-poster bed, two TVs, and a private outdoor deck. Recent updates include a brand-new roof installed in 2025.

The historic poolside cottages offer all the amenities of home including full kitchen, living room, and multiple bedrooms. The six cottages were originally officers quarters for the Carolina Military and Naval Academy. They have been restored and updated with all modern conveniences, while maintaining their historic charm.

The five duplex cabins were originally used to house children at Our Lady of the Hills Camp. These rooms are perfect for those who enjoy a more laid back experience. Each duplex offers a small and large room, which can be rented separately or as adjoining units, offering a total of 10 cabin rooms. Each porch is equipped with rocking chairs and swings.

The Inn is  located in the heart of historic Flat  Rock, North Carolina, rich with  history, tradition, and beauty, a  place where people come to visit  and many choose to stay. Flat Rock is home to the Carl Sandburg Home, a national historic site; the Flat  Rock Playhouse, the state theatre  of NC; and many wonderful shops, galleries, and restaurants.

The Village of Flat Rock is built around a tremendous outcrop of granite that is said to have been the site of Cherokee Indian gatherings as well as a site used by early traders. The main rock is mostly flat and large portions remain exposed on the grounds of the Flat Rock Playhouse. Thus the community became known as Flat Rock. The village was placed on the National Register of Historic Places as the Historic Flat Rock District in 1973.

From I-26 E: Take Exit 53 (Upward Road) and follow Upward Road to N Highland Lake Road, to Lily Pad Lane.  

Investment highlights

  • Incredible 26 Acre Resort
  • Award-Winning Restaurant
  • Private Dining Rooms
  • Special Events Hall
  • Meeting and Conference Rooms
  • 65 Guest Suites across a variety of types of cottages, cabins and inn-style buildings
  • Pool with Covered Pavillion
  • Tennis Courts
  • Garden House
  • Office & Administration Building
  • This 180-seat fine dining restaurant includes a fully equipped chef’s dream commercial kitchen and private dining rooms.
  • The award winning restaurant currently offers breakfast, lunch, and dinner. 
  • 3 Bedrooms / 2 Bathrooms – spacious, comfortable living spaces
  • Three-Car Garage – plenty of room for vehicles, golf cart, and storage
  • New Roof (2025) – updated for peace of mind
  • Whole-House Generator – reliable power during outages
  • New HVAC System – efficient heating and cooling
  • New Water Heater – ensures consistent hot water
  • New Kitchen Appliances – stylish and fully functional
  • New Dock – perfect for waterfront enjoyment

Listing Contacts

DL
NC 122957
Dewey Property Advisors
Listed by Dewey Property Advisors

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Zoning

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RC ResidentialMulti FamilyResidential Conference District
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Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics

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