6692 Valwood Road, Conover, NC

The transition of the former Boys Academy campus in Conover presents a singular opportunity for institutional scale along the Lake Hickory shoreline. Established in 1959, the property encompasses over twenty-three acres and thirty-three thousand square feet of existing infrastructure, including a twelve-building footprint currently configured with thirty-five bedrooms and twenty-eight bathrooms. The site is notable for its nearly three-quarters of a mile of direct water frontage, a feature that distinguishes it within the Catawba County submarket where large-acreage waterfront tracts have become increasingly scarce. Zoned Planned Development, the land accommodates a wide range of future uses, from a private family compound to high-end residential or hospitality ventures. The current state of the grounds integrates a central dining hall, administrative facilities, and established lakefront amenities including a floating dock and beach area. For the developer or private investor, the intrinsic value lies in the rare combination of immediate operational capacity and the long-term potential of its expansive shoreline. Private inquiries regarding this Lake Hickory holding may be directed to Peters & Associates.

About the home

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

Price in context

• Asking $227 per square foot.
• Reduced $401,000 (5.1%) from the original $7,900,000 asking price.
• 212 days on the market, listed 2026-01-15.
• County tax assessment $6,320,700; the asking price is 1.19× the assessed value.

Location

Neighborhood: None, Catawba County, ZIP 28613.

Straight-line distances

• Charlotte Douglas International Airport: 44.3 mi
• Wilson Air Center (private aviation, CLT): 44.9 mi
• Uptown Charlotte: 45.6 mi
• Charlotte Country Club: 47.7 mi
• SouthPark Mall: 50.6 mi
• Quail Hollow Club: 53.0 mi

Assigned schools

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

School assignments come from the listing and can change; confirm with the district.

Features

Levels

One

Construction

Brick Full, Brick Partial, Vinyl, Wood

Bathrooms

28 full

Basement

Daylight

Kitchen & appliances

Electric Cooktop, Electric Oven, Refrigerator

Heating

Electric

Cooling

Electric

Parking

Driveway, Parking Space(s)

Waterfront

Beach - Private, Dock

Lot

Waterfront

County

Catawba

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• 8178 Island Point Road, Sherrills Ford — $3,327,500, 18.2 mi away
• 4885 Grandin Road, Lenoir — $3,400,000, 5 bd, 9,357 sq ft, 18.9 mi away

See it privately

Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.