6692 Valwood Road
Conover, NC, 28613 $ 7,499,000
Bedrooms-- Baths-- Monthly Estimate*
$ 51,794
for $7,499,000. This building was built in 1959 on a lot size of 23.9.
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. Note: listing residential MLS # 4334418
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FeaturesGeneralSewer Septic Installed
Roof Architectural Shingle
Zoning PD
Patio/Porch Features Deck Patio
Exclusions All office kitchen beds. Will offer all with approperiate offer
Year Built 1959
View Water
Property Subtype None
Parcel Number 3746047013640000
Waterfront Features Beach - Private Dock Paddlesport Launch Site Other - See Remarks
County Catawba
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Residential
Other Structures Workshop
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.
City Conover
Body of Water Lake Hickory
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Use
Tax Assessed Value 6320700
Listing Terms Cash
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InteriorBasement Daylight
Flooring Carpet Linoleum Tile
Basement (Y/N) Y
Below Grade Finished Area 0
Number Of DocksTotal 1
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ExteriorLot Features Waterfront
Water Source City
Inclusions Building Land
Lot Size Area 23.9
Foundation Details Basement Crawl Space Slab Other - See Remarks
Number of Buildings 12
Road Surface Type Gravel
Other Equipment Generator
Road Responsibility Publicly Maintained Road Private Maintained Road
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $51,794
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Conover, NC
Average List Price $2,606,057
Percent of Sale Price 65%
About Conover, NC 8,797 Population
21% Since 2002
$ 45,460 Median Income
41.55 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $7,499,000 | -5.08% | Price Down |
| 1/15/2026 | $7,900,000 | | Listed Price |