1318 Ostwalt Amity Road, Cleveland NC
- 3 Bed
- 3 Bath
- 7920 ft2
- 5.3 ac
For Sale $750,000
Remarks:
A rare opportunity to breathe new life into a piece of local history. With its size, history, and flexible zoning, this is a truly one-of-a-kind offering in today’s market. Situated on more than 5 fully fenced acres in northern Iredell County, this former schoolhouse offers nearly 22,000 square feet of character, scale, and untapped potential. Opportunities like this rarely come available — and for the right buyer, the possibilities are truly extraordinary. The original main building features approximately 7,900 square feet of heated and cooled space, highlighted by 12-foot ceilings, grand archways, and beautifully preserved maple hardwood floors that reflect the craftsmanship of another era. The roof covering this portion, along with the attached gymnasium/auditorium, was replaced approximately seven years ago. Beyond the main structure, an additional 14,000 square feet of masonry and steel construction provides a substantial and durable footprint ready for restoration, redevelopment, or adaptive reuse. While portions will require roof replacement and improvements, the underlying structure offers a strong and compelling foundation for transformation. The grounds are fully fenced with two large access gates, offering both privacy and flexibility for a wide range of future uses. Zoned Residential Agricultural (RA), the possibilities are expansive and may include: Bed & breakfast or retreat center Wedding or event venue Church or private school Daycare or community center Agricultural or residential development Cluster subdivision or mobile home park For developers, investors, entrepreneurs, or creatives with vision, this is a blank canvas with history, scale, and exceptional potential. Bring your imagination — and write the next chapter of this remarkable property.
General Information:
| List Price: | $750,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 7920 sqft |
| Parking: | Circular Driveway, Detached Garage, RV Access/Parking |
| MLS Number: | CAR4357525 |
| Subdivision: | None |
| Bathrooms: | 3 |
| Lot Description: | Cleared, Level |
| Year Built: | 1920 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Third Creek |
| Middle: | Lakeshore |
| High: | South Iredell |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 04-23-2026 | Listed | $750,000 | $95 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Mount Ulla Elementary School | 5 miles | KG-05 | 6 |
| Shepherd Elementary School | 5 miles | PK-05 | 8 |
| Third Creek Elementary School | 5 miles | PK-05 | 2 |
| Troutman Elementary School | 5 miles | PK-05 | 5 |
| Cleveland Elementary School | 6 miles | KG-05 | 3 |
| Success Charter School | 7 miles | KG-06 | 1 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1318 Ostwalt Amity Road, Cleveland NC | 0 mi | $750,000 | days | |
| 1575 Shinnville Road, Cleveland NC | 0.4 mi | $875,000 | days | |
| 1565 Shinnville Road, Cleveland NC | 0.4 mi | $6,500,000 | days | |
| 1525 Shinnville Road, Cleveland NC | 0.7 mi | $4,500,000 | days | |
| 173 Deer Valley Drive, Cleveland NC | 0.8 mi | $290,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 27013
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By NorthGroup Real Estate LLC
1318 Ostwalt Amity Road, Cleveland NC is a 7920 ft2 on a 5.270 acres lot. This is for $750,000. This has 3 bedrooms, 3 baths, and was built in 1920.
Based on information submitted to the MLS GRID as of 2026-04-23 09:20:12 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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