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6692 Valwood Road Conover, NC 28613

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Bed: 35
Bath: 28
1/2 Bath: 0
Sq. Ft.: 33,000
Acreage: 23.90

$7,499,000

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Community: Conover in Catawba County

35 bed
28 bath
0 1/2 bath
33,000 Sq. Ft.
23.90 acres

Price Improvement! Premier Lake Hickory Development Site with Established Campus Infrastructure – 23+ Acres, 3/4 mile of Lake Hickory shoreline. This exceptionally rare 23-acre waterfront offering on Lake Hickory in Conover, NC combines development-ready scale with a proven operational footprint. Zoned PD, the property is currently utilized as a fully functioning Boys Academy campus, demonstrating the site’s capacity, infrastructure, and regulatory viability for large-scale residential, institutional, or hospitality uses. The existing campus includes 12 buildings, featuring 35 bedrooms and 28 bathrooms, and is designed to accommodate approximately 65 overnight residents and up to 140 daytime occupants. Supporting facilities include a central dining hall, residential and administrative structures, a publicly operating zipline with dedicated facilities, a floating dock, a beach area, and a graveled 3/4+ mile walking trail around lake, all of which underscore the property’s adaptability and immediate functional value. From a developer’s perspective, this property offers a rare combination of: Approximately 3/4 mile of Lake Hickory shoreline, suitable for possible future premium waterfront homesites Contiguous 23+ acres with established internal circulation and utilities Existing vertical improvements, allowing for adaptive reuse, income generation, or phased redevelopment Proven operational history as both an academy campus and a short-term rental / Airbnb property Catwaba County Planning staff could support this property being rezoned as Residential R-40. Currently, PD zoned, supporting luxury residential and estate-style waterfront development The current Boys Academy use provides clear evidence of density tolerance, utility capacity, and access, significantly reducing unknowns for future redevelopment or repositioning. The site is well-suited for luxury lakefront estates, a private residential enclave, destination retreat, wellness or education-based reuse, or continuation of institutional operations. Strategically located near Hickory, Mooresville, and the greater Charlotte region, this offering represents a high-barrier-to-entry waterfront asset with both near-term income potential and long-term development upside. Large-scale Lake Hickory opportunities with this level of shoreline, zoning, and infrastructure are exceedingly rare. Please note: Commercial MLS # 4333685

Presented by:
Niki Long at True North Realty
Listed by:
True North Realty

Attribution: [email protected]
Original Listing Price: 7,900,000
MLS #: ‍4334418
Listing Status: Active
Days on Market: 270
Buying Firm Commission: Test

Based on information submitted to the MLS GRID as of 2026-10-12 at 9:30PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Directions: From I-40 west take exit 132. Turn right onto N NC-16 (NC-16). Go for 4.9 mi. Turn left onto St Peters Church Rd. Go for 1.1 mi. Turn right onto Valwood Rd. Go for 0.8 mi. to entrance gate.

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

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Property Features

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Water: City
Year Built: 1959
Subdivision: None
Heating/Cooling: Electric
Cooling: Electric
Lot Description: Waterfront
Sewer: Septic Installed
Basement/Foundation: Basement,Crawl Space,Slab
Garage/Carport: Driveway,Parking Space(s)

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Schools

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  • High School: Bunker Hill
  • Middle School: River Bend
  • Elementary School: Oxford
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