Early in 1997, Chetola was purchased by Rachael Renar and her son Kent Tarbutton. Originally from Virginia Beach, NC, Kent and Rachael have shown a great deal of dedication in their efforts to retain the historic enchantment that existed at Chetola since its beginnings. In Fall 2004, the Manor House Estate House became the Bob Timberlake Inn at Chetola Resort. A magnificent Inn with eight luxurious rooms, the Inn features the designs, furnishings and accessories of North Carolina's most recognized and successful living artist, Bob Timberlake. In keeping with the tradition of preserving the Estate's history, the Inn is a tribute to the era when J. Luther Snyder entertained at the Manor House Estate in grand style. Rooms in the Bob Timberlake Inn are named for past and present owners of Chetola, as well as other regional and local historic figures such as Hugh Morton, Moses Cone, and Ben Church. Also in 2004, Chetola became an Orvis Endorsed Fly Fishing Lodge. Orvis is the most recognized and respected name in the world of Fly Fishing. Rachael and Kent have developed Chetola into one of the finest resorts in the Southeast and have continued to pay scrupulous attention to the historic significance of the great estate.
In Fall 2009, the luxurious Spa at Chetola Resort opened with five treatment rooms (one for couples), a nail treatment area, the Swan Juice Bar, and the Relaxation Room with floor to ceiling fireplace. Adjoining the Spa is a heated indoor pool, Jacuzzi, sauna and fitness room. The Spa offers a wonderful journey of rejuvenation with an indulgent variety of professional massage, facial and nail treatments.
In early August 2011, the Manor House Restaurant, which occupied the main level of the original 1846 Estate House, suffered a kitchen fire and closed for a year while the restaurant underwent a redesign to offer additional lakefront dining. In July 2012 the restaurant reopened as Timberlake's Restaurant, featuring a menu inspired by artist Bob Timberlake's culinary favorites and outfitted with Timberlake's paintings, designs, and historic angling and hunting equipment. While Timberlake's was being built, construction crews unearthed a fireplace, estimated to have been built between the 1890s and early 1900s, with an original locust log in the hearth. The fireplace remains in the restaurant's main dining room, Timbers.