159 Falling Waters Drive, Highlands, NC 28741
Property image
Property image
OFF MARKET

159 Falling Waters Drive
Highlands, NC 28741

  • 3 Beds
  • 2.5 Baths

$1,909,400

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $10,460/mo*
Refinance Your Home

$1,909,400

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $10,460/mo*
Refinance Your Home
3 Beds
2.5 Baths
(on 0.64 acres)

Home Value

Trulia Estimate
$1.91M
Since last month
$300 (0%)
Since last year
Increased$92K (+5%)
Since last sale
Increased$142K (+8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +297% in the last 10 years
MonthEstimated value
2026
August 2026$1.92M
July 2026$1.92M
June 2026$1.92M
May 2026$1.91M
April 2026$1.87M
March 2026$1.87M
February 2026$1.87M
January 2026$1.87M
2025
2024
2023
2022
2021
2020
2019
2018

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
40 Moonbeam Place, Highlands, NC
0.24
Single-Family Home
$870,000
07/02/26
4
3.5
-
446 Dog Mountain Road Road, Highlands, NC
0.35
Single-Family Home
$560,000
03/11/26
3
3
-
973 Highgate Road, Highlands, NC
0.37
Single-Family Home
$1,079,000
06/16/26
5
4.5
-
1442 Owl Gap Road, Highlands, NC
0.06
Single-Family Home
$3,750,000
10/31/25
4
4.5
-
314 Broadview Circle, Highlands, NC
0.95
Single-Family Home
$1,675,000
02/04/26
3
2
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
C1 Falling Water Drive, Highlands, NC 28741
0.06
$375,000
-
-
-
For Sale
1442 Owl Gap Road, Highlands, NC 28741
0.06
$3,750,000
4
4.5
-
Recently Sold
Lot-31B Hideaway Trl, Highlands, NC 28741
0.11
-
-
-
-
Off Market
Lot-31A Hideaway Trl, Highlands, NC 28741
0.11
-
-
-
-
Off Market
Lot 31 Hide Away Hl, Highlands, NC 28741
0.11
-
-
-
-
Off Market
Lot-31C Hide Away Hl, Highlands, NC 28741
0.11
-
-
-
-
Off Market
Falling Waters Dr, Highlands, NC 28741
0.13
-
-
-
-
Off Market
159 Moonlight Lane, Highlands, NC 28741
0.18
$1,196,300
4
4.5
-
Off Market
354 Moonlight Lane, Highlands, NC 28741
0.20
$697,000
3
2
-
Off Market
Lot 23 Highgate Road, Highlands, NC 28741
0.20
-
-
-
-
Off Market
TBD High Gate Road, Highlands, NC 28741
0.20
$79,000
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 159 Falling Waters Drive.
  • Schools2 Elementary Schools2 Middle Schools3 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2015
Lot Size
0.64 acres
HOA
$158/Monthly

About this House

Step into this enchanting and elegant English Cottage, where the soothing melody of a meandering stream is both seen and heard from the expansive covered porch. Here, you can enjoy the warmth of an outdoor fireplace on chilly nights, surrounded by towering hardwood trees painted in shades of golden and red, their colors mirrored in the tranquil waters below. The raised beds and garden spaces have been professionally landscaped to include perennial flowers, bulbs, berries, apple and pear trees as well as an established asparagus, providing you with an endless array of fresh blooms for delightful bouquets to share with friends. Nestled within a gated enclave, this sanctuary offers unmatched privacy for nature enthusiasts seeking serenity and solitude, all while being a mere 5-minute drive to Highlands bustling Main Street. The primary bedroom on the main floor pampers you with a generously sized, updated bathroom for your utmost comfort. The Viking-equipped kitchen is a culinary masterpiece, featuring quartzite countertops and a spacious island perfect for preparing meals, sipping cocktails, or engaging in lively conversations with the resident chef. Upstairs, a cozy den/sitting area invites you to dive into a good book or simply unwind, while the guest suite beckons with a luxurious bath, and a charming four-bed bunk room is sure to delight. For those who prefer to work from the comfort of their own abode, a light and bright home office stands ready to accommodate your needs. Should you yearn for a taste of the town's vibrancy, a quick drive takes you to downtown, where you can relish award-winning dining experiences, explore boutique shops, attend concerts in the park, catch performances at the PAC center, or embark on a nature adventure with only a half-mile jaunt from home to the magnificent Glen Falls. Come and revel in the pinnacle of mountain living – come home to Highlands. You will love this home and our town!
159 Falling Waters Drive, Highlands, NC 28741 is a 3 bedroom, 3 bathroom single-family home built in 2015. It last sold for $1,775,000 on Oct 18, 2024 (4% below the $1,850,000 asking price). It is currently off market. The Trulia Estimate is $1,909,400, with a rent estimate of $4,250/month.
Last check for updates: about 15 hours ago
Listed by Patricia Allen
Allen Tate/Pat Allen Realty Group
Julie Osborn
Allen Tate/Pat Allen Realty Group
Bought with: Julie Osborn, Allen Tate/Pat Allen Realty Group
Originating MLS: Highlands Cashiers Board of Realtors
Source: HCMLS, MLS#103213

Home Details for 159 Falling Waters Drive

Interior Features

Interior Details
Basement: Crawl Space,Exterior EntryNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bonus Room, Den, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Appliances & Utilities
Utilities: High Speed Internet AvailableAppliances: Built-In Oven, Built-In Refrigerator, Double Oven, Dryer, Dishwasher, Exhaust Fan, Propane Cooktop, WasherDishwasherDryerLaundry: Washer Hookup,Dryer HookupWasher
Heating & Cooling
Heating: Central,Electric,Gas,Heat PumpHas CoolingAir Conditioning: Central Air,Electric,Heat PumpHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Gas Log, Living Room, OutsideHas a Fireplace
Windows, Doors, Floors & Walls
Window: Window TreatmentsFlooring: Tile, Wood
Levels, Entrance, & Accessibility
Levels: One and One HalfFloors: Tile, Wood
View
Has a ViewView: Creek/Stream
Security
Security: Gated Community
Room & Shared Space
Shared space is furnished

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Rear Porch, Covered, Deck, PorchExterior: Garden, Gas Grill, Other, Satellite DishGarden
Parking & Garage
No CarportNo GarageParking: Gravel,Parking Lot
Frontage
Waterfront: StreamRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Septic Tank

Property Information

Year Built
Year Built: 2015
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Bungalow,Craftsman
Building
Construction Materials: Stone, Wood SidingNot a New Construction
Property Information
Parcel Number: 7530203568

Price & Status

Price
List Price: $1,850,000
Status Change & Dates
Off Market Date: Fri Oct 18 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: HighlandsCommunity: Falling Waters

Community

Community Features: Gated

HOA

Association for this Listing: Highlands Cashiers Board of RealtorsHas an HOAHOA Fee: $1,900/Annually

Lot Information

Lot Area: 0.64 acres

Offer

Listing Terms: Cash

Rental Terms, Policies & Fees

Furnished

Miscellaneous

Mls Number: 103213Living Area Range Units: Square FeetWater ViewWater View: Creek/StreamAttribution Contact: 8285268784Universal Property Id: US-37113-N-7530203568-R-N

Additional Information

Gated

Price and Tax history

DateEventPrice
Oct 18, 2024
Source: HCMLS #103213
Sold
$1,775,000
Oct 11, 2024
Source: HCMLS #103213
Pending
$1,850,000
Sep 6, 2024
Source: HCMLS #103213
Contingent
$1,850,000
Jul 13, 2024
Source: HCMLS #103213
PriceChange
$1,850,000
Price decreased by 3%
Apr 30, 2024
Source: HCMLS #103213
PriceChange
$1,900,000
Price decreased by 14%

Market trends in Highlands

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
191
5MoM

Around this home

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 Highlands

At least 19 Trulia users voted on each feature.

  • 95 % Say it's dog friendly

  • 91 % Say it's quiet

  • 89 % Say car is needed

  • 89 % Say yards are well-kept

  • 84 % Say people would walk alone at night

  • 76 % Say there's holiday spirit

  • 74 % Say parking is easy

  • 74 % Say they plan to stay for at least 5 years

  • 74 % Say there's wildlife

  • 74 % Say there are community events

  • 54 % Say neighbors are friendly

  • 52 % Say streets are well-lit

  • 46 % Say kids play outside

  • 44 % Say it's walkable to grocery stores

  • 30 % Say it's walkable to restaurants

  • 25 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Kimberlyg833
    "It’s beautiful and appears to be a great place to raise a family. I used to come here as a child back in the 70’s with my parents and it’s still as I remember it. Quaint and beautiful. "
    15
    Flag
  • Karie.mcclure
    "not sure only a renter at this point but love how safe And low key it is .. great weather as well nice people "
    2
    Flag
  • Pam
    "Great small town. Elevation 4000 feet plus. Friendly residents. Lots to do for a small town. A little pricy, but worth it. Great hiking and waterfalls galore. Dog friendly neighborhood and town."
    7
    Flag
  • Christine B.
    "It's a very friendly community. When the tourists come to town for the season it gets overcrowded but some non locals are really friendly. "
    6
    Flag
  • Bill B.
    "I live here and love the weather, hiking trails, water falls, and the National Forest. 4,118 feet elevation provides cool weather in the summer."
    3
    Flag
  • Susan C.
    "What a beautiful place to live ... there is nothing as peaceful or beautiful as the mountains and this lovely, quaint town."
    3
    Flag
  • Rick C.
    "There's no Wal-Mart or fast food joints. Life in the mountains has an easier pace. You are removed from the city, but that's why we live here, to get away from it all. There is a world class spa, fine dining on smaller scale, exquisite shops. Think Breckinridge, without the skiing.Beautiful mountains, hiking, mountain biking, floral life, live music, plays, wineries, what more do you want?"
    2
    Flag
  • carolrosen
    "Great area, lovely home, easy comfortable living"
    3
    Flag
  • John D.
    "A great place to spend the summer, and within walking distance to town."
    3
    Flag
  • Nadine P.
    "A wonderful community with a year round caretaker, pool, tennis courts and swimming pool plus it is gated. Certainly not a necessity in Highlands! I would recommend King Mtn to anyone looking for lush foliage, fantastic views and wonderful amenities."
    0
    Flag
  • Nadine P.
    "I have lived in Highlands, NC for 7 years and still upon returning from out of town get a peacefulness when I hit Main St or the Gorge Rd from Franklin. Prettiest place anywhere...you must visit!"
    0
    Flag
  • Dorothy S.
    "You will find that people are extremely friendly. We have four mild seasons. Winter is wonderful. Nothing is better than curling up with a book in front of a crackling fire."
    1
    Flag

LGBTQ Local Legal Protections

Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.

Frequently asked questions about 159 Falling Waters Drive

  • What is 159 Falling Waters Drive estimated to be worth?
    Trulia's estimated value for 159 Falling Waters Drive in Highlands, NC is $1,909,400.
  • What is the price history for 159 Falling Waters Drive?
    159 Falling Waters Drive in Highlands, NC last sold for $1,775,000 in October 2024.
  • Is Highlands a buyer's or seller's market?
    Highlands is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Highlands?
    Residents describe Highlands, NC as dog-friendly, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Highlands, NC.
  • Does 159 Falling Waters Drive have air conditioning?
    Yes, 159 Falling Waters Drive in Highlands, NC has air conditioning.
  • Does 159 Falling Waters Drive have laundry facilities?
    Yes, 159 Falling Waters Drive in Highlands, NC has in-unit laundry.

Explore by feature - Air Conditioning

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