138 Falling Waters Ln, Murphy, NC 28906
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Property image
OFF MARKET

138 Falling Waters Ln
Murphy, NC 28906

  • 3 Beds
  • 2 Baths
  • 2,510 sqft (on 1.18 acres)

$334,200

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $1,930/mo*
Refinance Your Home

$334,200

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $1,930/mo*
Refinance Your Home
3 Beds
2 Baths
2,510 sqft
(on 1.18 acres)

Local Information

  • Map ViewExplore the area around 138 Falling Waters Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1982
Lot Size
1.18 acres
Living Area
2,510 sqft
Price/Sqft
$133
Parking
Garage

About this House

Don't miss out on this charming cottage nestled in the woods.This home offers main level living that is open and bright. The living room has a wood burning stone fireplace, and opens up to a lovely deck to enjoy the sounds of nature.Two bedrooms and bath are on the main level, and the master bedroom suite, bath and walk-in closet is on the upper level. The lower level has a family room for the kids to play and a large laundry room. There's plenty of parking and a one car garage. The home has many upgrades including a new roof. The kitchen has been updated. The home has also been freshly painted. Great for a vacation rental or a full-time home. Close to hospitals and Harrah's Casino. Home is in a great neighborhood and on a dead end street
138 Falling Waters Ln, Murphy, NC 28906 is a 3 bedroom, 2 bathroom, 2,510 sqft single-family home built in 1982. It last sold for $299,000 on May 22, 2023. More recently, it was listed as a rental in April 2019 with an asking price of $1,400 per month. That rental listing was removed on August 8, 2019. It is currently off market. The Trulia Estimate is $334,200, with a rent estimate of $1,984/month.

Home Details for 138 Falling Waters Ln

Interior Features

Interior Details
BasementTypes of Rooms: Walk In Closet
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1.5Floors: Tile, Hardwood
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: WoodFoundation Type: Footing
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1982
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 1.18 acres

Price History for 138 Falling Waters Ln

DatePriceEventSource
05/22/2023$299,000Sold
Carolina Smokies MLS #26025233
03/23/2023$299,000ContingentCarolina Smokies MLS #26025233
03/20/2023$299,000PriceChange
Carolina Smokies MLS #26025233
02/08/2023$309,000PriceChange
Carolina Smokies MLS #26025233
01/04/2023$319,000Listed For SaleCarolina Smokies MLS #26025233
11/02/2022ListingRemovedCarolina Smokies MLS
10/07/2022$324,900PendingToActiveCarolina Smokies MLS #26025233
10/03/2022$324,900ContingentCarolina Smokies MLS #26025233
09/03/2022$324,900PriceChange
Carolina Smokies MLS #26025233
06/09/2022$348,000PriceChange
Carolina Smokies MLS #26025233
05/15/2022$358,000Listed For SaleCarolina Smokies MLS #26025233
12/31/2021$260,000Sold
NGBOR #311450
11/15/2021$269,900PendingMountain Lakes BOR #139256
10/21/2021$269,900Listed For SaleMountain Lakes BOR #139256
08/08/2019$1,400ListingRemovedAgent Provided
04/25/2019$1,400Listed For RentAgent Provided
10/28/2018$1,400ListingRemovedAgent Provided
09/13/2018$1,400Listed For RentAgent Provided
09/05/2018$148,000Sold
N/A
08/15/2018$159,900PendingAgent Provided
08/02/2018$159,900PriceChange
Agent Provided
08/01/2018$169,000Listed For SaleAgent Provided
05/22/2014$135,000Sold
N/A
12/07/2006$172,000Sold
N/A

Market trends in Murphy

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$313K
$583MoM
Sale-to-List Price
97.5%
0.7%MoM
Price per sq ft
$202
$15MoM
Available listings
364
25MoM
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Property Tax and Assessment

Year2025
Tax
Assessment$151,470
Home facts updated by county records

Comparable Sales for 138 Falling Waters Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
349 Deer Pasture Lane, Murphy, NC
0.26
Single-Family Home
$392,500
05/12/26
3
3
2,599
422 Evans Holw, Murphy, NC
0.57
Single-Family Home
$205,000
05/29/26
3
2
1,562
39 Country Ln, Murphy, NC
0.61
Single-Family Home
$395,000
08/13/25
3
2
1,632
4 Dreskin Rd, Murphy, NC
0.42
Single-Family Home
$275,000
10/07/25
2
2.5
1,320
179 Hy Cobb Dr, Murphy, NC
0.30
Single-Family Home
$92,000
12/23/25
2
2
1,464
131 Hills And Hollows Road, Murphy, NC
0.07
Single-Family Home
$270,000
09/22/25
3
2
1,350
Stonecrest Ln, Murphy, NC
0.67
Single-Family Home
$335,000
11/21/25
2
2
1,410
1020 Lance Rd, Murphy, NC
0.97
Single-Family Home
$315,000
03/31/26
3
2
2,992
73 Country Ln, Murphy, NC
0.68
Single-Family Home
$180,000
01/05/26
2
2
4,272
60 Lazy Creek Ln, Murphy, NC
0.67
Single-Family Home
$282,000
09/05/25
2
2
864

Nearby homes

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Assigned Schools

These are the assigned schools for 138 Falling Waters Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Murphy

At least 80 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 83 % Say there's wildlife

  • 80 % Say yards are well-kept

  • 76 % Say parking is easy

  • 76 % Say it's quiet

  • 73 % Say there's holiday spirit

  • 64 % Say they plan to stay for at least 5 years

  • 63 % Say people would walk alone at night

  • 61 % Say neighbors are friendly

  • 55 % Say it's dog friendly

  • 39 % Say kids play outside

  • 31 % Say there are community events

  • 22 % Say streets are well-lit

  • 20 % Say it's walkable to restaurants

  • 19 % Say there are sidewalks

  • 12 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Liza G Ovington
    "Not sure but it seems like there are lots of places to take your dogs on leash. Although many of the roads have no shoulder"
    1
    Flag
  • Bigliz14
    "Great place to live and raise a family . People are friendly and atmosphere in this town is fantastic "
    0
    Flag
  • Trulia User
    "A little congested but roads are kept clean and safe in the winter the roads are well maintained. I would recommend living in Murphy "
    0
    Flag
  • Mary Obryan
    "No this is a rural area with no public transportation. There is no need for it generally speaking. There is a community transport that will pick up people at their homes I believe."
    0
    Flag
  • Laurence Wood
    "Good schools a growing town with opportunities for all! Every day is like vacation with all the amazing places to go to!"
    2
    Flag
  • Laurence Wood
    "No traffic jams Service people are slow to come out but it’s part of the slower pace of life we enjoy "
    1
    Flag
  • Laurence Wood
    "A fast growing town and you need to expect long drives for services and stores. Medical care is difficult to find close by. We love our town and get upset when new residents try to change our culture "
    0
    Flag
  • Barbara Ratterree
    "Country living. People are private but willing to help others. Most homes around me are homesteads or farms. "
    1
    Flag
  • KatieB
    "Most people don’t walk their dogs they let them run loose or keep them fenced, those who do walk their dogs are usually friendly and always say hello! "
    1
    Flag
  • Irving R.
    "vehicle is a must have commodity to get around when you live out of the town city limits. Unless you like to walk or ride a bike. They're are few other drawbacks as well. Communicating by cell phone is not very good around the countryside, lacking cell towers. This is a problem, even trying to get on the internet. Somedays are better than others but still we have poor reception. Other than that we have the beautiful outdoors. We can enjoy going to the national forest for hiking, camping, hunting, fishing or just driving around the back roads and enjoy scenery as well as wildlife. Living outside the city's limit might have it's drawbacks but you take the good and the bad as it comes and make the best of it."
    0
    Flag
  • Kristyleew49
    "Love Murphy! The people, the mountains, the town are all amazing! No attitudes, just good people looking out for each other!"
    0
    Flag
  • Michelle R.
    "We just stay socialized with each other and van together when necessary. The kids are what keeps the community a whole. "
    0
    Flag
  • Michelle R.
    "We all ban together and make it about the kids. Lots of summer fun. When problems arise within the community we solve together as a team until things are fixed. "
    1
    Flag
  • Mesa2617
    "Live music at local pub and restaurants. Friendly staff is several local stores and restaurants. The town of Murphy felt really welcoming. "
    1
    Flag
  • Errol D.
    "Very beautiful place to live and quiet, very kid friendly. I been here for some years really nicely place to be "
    0
    Flag
  • TiffanyTabor
    "we need some really nice dog parks! People need to be more accountable for their dogs! There us no place to take to your dog where they can run, swim and play safely!"
    0
    Flag
  • Kimkoogler
    "I've lived here for 7 years. I love every beautiful road. mountain views, lake views, great food. it's a beautiful place to live."
    0
    Flag
  • Pprzonek
    "the beautiful mountain views, the wonderful change of the seasons.The small city feel and how nice the people are to each other"
    30
    Flag
  • Gloria Geringer
    "I like it because it's quite. No lights outside, except for what's on the house and carport. What I don't like is everyone's dogs run free. I take mine out on a leash."
    5
    Flag
  • Cindyandchuck
    "Concerts, yard sales, boat and golf cart parades, fireworks with live music. Tennis, pool and marina"
    9
    Flag
  • Bsfrazee
    "Every one knows every one. People watch each others place when they are out of town or checks in on one another if your sick. I have vacationed here for a few years now staying with friends but now would love to own a piece of paradise !!!"
    0
    Flag
  • NolaR
    "One Neighbor has a hostile dog. I don't feel safe walking by his house. There is still enough areas to walk your pet."
    0
    Flag
  • Jjoachiltz
    "There is no leash law here so watch your children and your pets closely!! Our dog was attacked and killed by 2 dogs in our neighborhood. There was nothing we could do about it. "
    0
    Flag
  • Steve B.
    "Murphy, NC is a small community with all the basics (yes, including Walmart). There is a lot to do or you can relax and enjoy the beauty of the mountains. Winters are NOT harsh, however, you will need warm clothing. You can enjoy the wildlife from your back deck or walk the many trails throughout the county. Although Murphy will have a Casino come the Summer of 2015; it will have little impact on the quality of life."
    0
    Flag
  • Wendy B.
    "It only mentions one high school but we have TCEC which is the best school in N.C.! Your kid will graduate with all honors AND an associates degree! Best place to raise a child EVER! Safe, peaceful place!"
    0
    Flag
  • Wendy B.
    "I live here and think Murphy and surrounding areas are heaven on earth. Beautiful, friendly, amazing environment to raise your kids! 9th grade up offers TCEC, a small FREE high school that will have your child graduate with honors AND and Associates Degree! Loving teachers! "
    0
    Flag

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Apartments for Rent

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Explore by feature - Air Conditioning

12 rentals with air conditioning in Murphy, NC

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11 rentals with a washer/dryer in Murphy, NC

Homes for sale near 138 Falling Waters Ln

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Off Market Homes Near 138 Falling Waters Ln

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Frequently asked questions about 138 Falling Waters Ln

  • What is 138 Falling Waters Ln estimated to be worth?
    Trulia's estimated value for 138 Falling Waters Ln in Murphy, NC is $334,200.
  • What is the price history for 138 Falling Waters Ln?
    138 Falling Waters Ln in Murphy, NC last sold for $299,000 in May 2023.
  • Is Murphy a buyer's or seller's market?
    Murphy is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Murphy?
    The median sale price in Murphy is $313K. That is up $583 from the prior month.
  • Does 138 Falling Waters Ln have air conditioning?
    Yes, 138 Falling Waters Ln in Murphy, NC has air conditioning.
  • Does 138 Falling Waters Ln have laundry facilities?
    Yes, 138 Falling Waters Ln in Murphy, NC has in-unit laundry.