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$3,150,000 -$258,000 (-7.57%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 447 Lily Pad Ln
General
- Price: $3,150,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4289601
- Updated: 2/17/2026
- Added to Site: 195 day(s) ago
Location
- County: Henderson
- Complex: Lily Pad Lane
- City Limits: Yes
Structural Information
- Construction: Site Built
- Basement: Yes
- Basement Desc.: Other
- Min Required: 10.17 Sq. Ft.
- Minimum Avail: 24,582 Sq. Ft.
- Year Built: 2006
Lot Features
- Street/Road Desc.: Gravel
- Lot Features: Flood Plain/Bottom Land, Other - See Remarks
- Rcmdd Zoning: RC
Water Features
- Water Front Name: Highland Lake
Disclosures and Reports
- Inclusions: Building, Land
- Property ID: 10000215
- Lot Number: 1670/392
Listed by Whitney Commercial Real Estate
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Schools
Schools serving 447 Lily Pad Ln
School District:Henderson County Schools
| Name | Grades | Distance |
|---|---|---|
Hillandale Elementary, East Flat Rock, NC 40 Preston Lane, East Flat Rock, NC 28726 | K-5 | 1.1 mi |
Flat Rock Middle, East Flat Rock, NC 191 Preston Lane, East Flat Rock, NC 28726 | 6-8 | 1.1 mi |
East Henderson High 150 Eagle Pride Drive, East Flat Rock, NC 28726 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 447 Lily Pad Ln
Date
Details
Price
Change
Source
2/17/2026
Price Reduced
$3,150,000
-7.57%
MLS
12/12/2025
Price Reduced
$3,408,000
-2.15%
MLS
8/08/2025
Listed
$3,483,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 447 Lily Pad Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,300
100%
$2,567,500
77%
2021
100%
$1,448,300
—
2020
100%
$1,448,300
—
2019
-100%
$1,448,300
—
2019
$8,125
8%
$1,448,300
9%
2018
$7,502
—
$1,327,800
—
2017
$7,502
—
$1,327,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 447 Lily Pad Ln
447 Lily Pad Lane, Flat Rock, NC 28731 (MLS# 4289601) is a Commercial property. 447 Lily Pad Lane is currently listed for $3,150,000 and was received on August 08, 2025. Want to learn more about 447 Lily Pad Lane? Do you have questions about finding other Commercial real estate for sale in Flat Rock? You can browse all Flat Rock real estate or contact a Coldwell Banker agent to request more information.

