Beautiful, private, 5-acre wooded building lot in the Riverwalk Subdivision on Lookout Shoals Lake. The lot is located outside the gated section of the subdivision. However, the owner of the lot will be a member of the River Walk HOA and will have access to all lake-front community amenities including a pier and floating dock with boat slips for day-use, boat ramp, beach area, covered water-front structure and parking. A great lot for a private home in the country with access to all the recreation on Lookout Shoals Lake!
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Market trends in 28678, NC
Last updated August 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
98.4%
0.3% MoM
Median sale price
$263K
$5K MoM
Avg. days on market
37d
1 days MoM
Recently sold homes
6
5 MoM
Provided by Redfin
Sale history for Lot 5 Olive Rd
Date
Event
Price
CANOPYMLS as Distributed by MLS Grid #4235203
Apr 30, 2025
Sold
$75,000
Mar 21, 2025
Contingent
—
Mar 18, 2025
Listed
$69,000
Year
Property tax
Land + Additions
Assessment*
2023
$303 (+44.0%)
$35,203 + $1,360
$36,563
2022
$210 (−0.5%)
$35,203 + $1,360
$36,563
2021
$211 (+23.2%)
$19,923
2020
$171
$19,923
2019
$171 (+1.2%)
$19,923
2018
$169
$19,923
2017
$169
$19,923
Tax history for Lot 5 Olive Rd
Year
Property tax
Land + Additions
Assessment*
2023
$303 (+44.0%)
$35,203 + $1,360
$36,563
2022
$210 (−0.5%)
$35,203 + $1,360
$36,563
2021
$211 (+23.2%)
$19,923
2020
$171
$19,923
2019
$171 (+1.2%)
$19,923
2018
$169
$19,923
2017
$169
$19,923
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
2.55 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Alexander County
APN
0010566
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 3, 2026.
RA-20
Residential - Agricultural District
The RA-20 residential district is established as a district in which the principal use of the land is for low-density residential and agricultural purposes including single-family dwellings, two-family dwellings (individual), individual manufactured homes, and related uses necessary for a sound neighborhood. Group housing developments in the form of multiple-family dwellings, condominiums, two-family dwellings, townhouses and manufactured home parks are permitted subject to the granting of a special use permit by the Board of Commissioners. The regulations for this district are designed to stabilize and encourage a healthful environment for family life in areas where neither public nor community water or sewer facilities are available.
Foundation Details Proposed: Basement,Crawl Space,Slab
Property Type: Land
Property Sub Type: Lot
Zoning Specification: RA-20
Land Information
Possible Use: Residential
Lot Information
Lot Features: Private, Rolling Slope, Wooded
Lot Size Area: 5
Lot Size Units: Acres
Road Surface Type: Gravel
Road Frontage Type: Private Road
Road Responsibility: Private Maintained Road
Utilities
Utility Information
Water Source: Well Needed
Sewer: Septic Needed
Location
Multi-Unit Information
Restrictions: Architectural Review,Square Feet
Restrictions Description: Riverwalk HOA
HOA Information
Association Name: RiverWalk HOA
HOA Subject To Dues: Mandatory
HOA Subject To: Required
Association Fee: $474
Association Fee Frequency: Annually
Association Annual Expense: 474.00
School Information
Elementary School: Sharon Iredell
Middle Or Junior High School: West Iredell
High School: West Iredell
Location Information
Directions: From I-40, exit on Sharon School Road and proceed north. At Sharon Elementary School stay left on Sharon School Road. Continue to Stewart Rock Road and turn left. Proceed to Olive Road and turn left. The parcel is the third lot on the left (For Sale sign posted).
Community Information
Community Features: Lake Access, Picnic Area
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2.55 acres
Style: Other
Year Built: —
Year Renovated: —
County: Alexander County
APN: 0010566
Home facts updated by county records on Aug 3, 2026
Other
Auction Information
Is Auction: 0
Listing Information
Exception YN: 0
Around this home
Schools
Stony Point Elementary
Public PreK-5 • Assigned • 6.5mi
7/10
East Alexander Middle
Public 6-8 • Assigned • 10.1mi
4/10
Alexander Central High
Public PreK-12 • Assigned • 10.2mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
6 days above 103° expected this year, 16 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Stony Point, NC • 28678
Average low and high temperatures (°F)
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63
42
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33
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$84,000 – $101,000
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