6692 Valwood Road
Conover, NC, 28613 $ 7,499,000
Bedrooms35 Baths28.0 Sq 33,000 Monthly Estimate*
$ 51,794
for $7,499,000 with 35 bedrooms and 28 full baths. This 33,000 square foot home 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. Please note: Commercial MLS # 4333685
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FeaturesGeneralLiving Area 33000
Sewer Septic Installed
Heating Electric
Cooling Electric
Appliances Electric Cooktop Electric Oven Refrigerator
Zoning PD
Construction Materials Brick Full Brick Partial Vinyl Wood
Year Built 1959
Levels One
Property Subtype Single Family Residence
Parcel Number 3746047013640000
Waterfront Features Beach - Private Dock
County Catawba
New Construction N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N N
Other Structures Workshop
Full Baths 28
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.
High School Bunker Hill
City Conover
Body of Water Lake Hickory
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Oxford
Middle/Junior High School River Bend
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 6320700
Listing Terms Cash Conventional
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InteriorBasement Daylight
Basement (Y/N) Y
Fireplace Y/N N
Above Grade Finished Area 33000
Half Baths 0
Laundry Features Common Area
Total Bedrooms 35
Below Grade Finished Area 0
Total Baths 28
SqFt Main 33000
SqFt Lower 0
SqFt Upper 0
Bedroom 35
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ExteriorParking Features Driveway Parking Space(s)
Lot Features Waterfront
Water Source City
Lot Size Area 23.9
Foundation Details Basement Crawl Space Slab
Road Surface Type Asphalt Gated Paved
Road Responsibility Publicly Maintained Road Private Maintained Road
Main Level Garage YN N
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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 NearbySingle family listings in Conover, NC
Average List Price $572,356
Percent of Sale Price 92%
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.
293813 Elementary School
293913 Middle School
Bunker Hill 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 |