Tucked within a private enclave of The Cliffs at Walnut Cove, 12 Falling Waters Trail is currently under construction and scheduled to be delivered in Fall 2026. This home offers 6,358 heated square feet of refined mountain living in one of the community’s most peaceful and picturesque settings. Positioned adjacent to the pond and waterfall, the home enjoys exceptional privacy and a soothing natural backdrop, with the gentle sound of falling water enhancing the experience from its expansive outdoor living spaces. Despite its tranquil feel, the property is conveniently located near the Wellness Center and just minutes by car to the Tavern and championship golf facilities. The Cliffs at Walnut Cove is also home to the new PGA tournament, the Biltmore Championship, further elevating the prestige of this celebrated golf community.
Designed for both everyday comfort and elevated entertaining, the home features a spacious main-level primary suite and a dedicated executive office, along with 4 additional bedrooms that provide privacy and comfort for family and guests. The open-concept design seamlessly connects the great room, dining area, and chef’s kitchen, where Thermador appliances, custom cabinetry, and beautiful finishes and fixtures create a refined yet welcoming atmosphere. The generous main level and well-appointed terrace level offer abundant space for hosting, recreation, or extended stays, while expansive screened and open-air decks and patios extend the living experience outdoors. An oversized garage, with the ability to accommodate 3 to 4 vehicles, completes this exceptional property — a rare opportunity to enjoy privacy, proximity to amenities, and the scale expected in one of Walnut Cove’s premier residences.
Active
$3,550,000
12 Falling Waters Trl, Arden, NC 28704
5beds
6,358sqft
Est.:
Single Family Residence
Built in 2026
0.88 Acres Lot
$3,474,200 Zestimate®
$558/sqft
$293/mo HOA
What's special
Dedicated executive officeSoothing natural backdropThermador appliancesSpacious main-level primary suiteBeautiful finishes and fixturesCustom cabinetryExpansive outdoor living spaces
- 58 days |
- 285 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 06, 2026 at 05:05am
Listing Provided by:
Shaun Collyer shaun.collyer@theagencyre.com,
The Agency - Charlotte
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4342552
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Features: En Suite Bathroom
- Level: Main
- Area: 342 Square Feet
- Dimensions: 19' 0" X 18' 0"
Heating
- Heat Pump, Natural Gas, Zoned
Cooling
- Central Air, Dual, Heat Pump, Zoned
Appliances
- Included: Dishwasher, Gas Range, Refrigerator
- Laundry: Laundry Room
Features
- Basement: Exterior Entry,Finished,Walk-Out Access
- Fireplace features: Family Room
Interior area
- Total structure area: 6,358
- Total interior livable area: 6,358 sqft
- Finished area above ground: 6,358
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, Garage on Main Level
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Pool features: Community
- Waterfront features: Pond
Lot
- Size: 0.88 Acres
- Features: Pond(s), Sloped, Wooded, Waterfall
Details
- Parcel number: 963329455500000
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Stucco, Stone
- Roof: Metal
Condition
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Sewer: Septic Installed
- Water: City
Community & HOA
Community
- Features: Clubhouse, Fitness Center, Gated, Golf, Pond, Putting Green, Recreation Area, Tennis Court(s), Walking Trails
- Subdivision: The Cliffs At Walnut Cove
HOA
- Has HOA: Yes
- HOA fee: $3,515 annually
- HOA name: Carlton Property Management
Location
- Region: Arden
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $558/sqft
- Tax assessed value: $227,800
- Annual tax amount: $1,468
- Date on market: 2/13/2026
- Cumulative days on market: 58 days
- Listing terms: Cash,Conventional
- Road surface type: Other, Paved
Estimated market value
$3,474,200
$3.30M - $3.65M
$7,369/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Listed for sale | $3,550,000+1027%$558/sqft |
Source: | ||
| 9/13/2023 | Sold | $315,000$50/sqft |
Source: | ||
| 8/2/2023 | Listed for sale | $315,000$50/sqft |
Source: | ||
| 6/21/2022 | Listing removed | -- |
Source: | ||
| 5/24/2022 | Contingent | $315,000$50/sqft |
Source: | ||
| 5/24/2022 | Listed for sale | $315,000+26%$50/sqft |
Source: | ||
| 1/24/2022 | Listing removed | -- |
Source: | ||
| 1/13/2022 | Listed for sale | $250,000$39/sqft |
Source: | ||
| 5/20/2019 | Listing removed | $250,000$39/sqft |
Source: Walnut Cove Realty LLC #NCM538755 Report a problem | ||
| 3/21/2019 | Listed for sale | $250,000-31.5%$39/sqft |
Source: Walnut Cove Realty LLC #NCM538755 Report a problem | ||
| 10/15/2015 | Listing removed | $365,000$57/sqft |
Source: Walnut Cove Realty LLC #538755 Report a problem | ||
| 5/27/2015 | Price change | $365,000-2.3%$57/sqft |
Source: Walnut Cove Realty LLC #538755 Report a problem | ||
| 5/9/2013 | Listed for sale | $373,500$59/sqft |
Source: Walnut Cove Realty LLC #538755 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,468 +4.7% | $227,800 |
| 2024 | $1,402 +3.3% | $227,800 |
| 2023 | $1,358 +1.7% | $227,800 |
| 2022 | $1,335 | $227,800 |
| 2021 | $1,335 -7% | $227,800 |
| 2020 | $1,435 | $227,800 |
| 2019 | $1,435 | $227,800 |
| 2018 | $1,435 | $227,800 |
| 2017 | $1,435 | $227,800 |
| 2016 | $1,435 -9.4% | $227,800 |
| 2015 | $1,583 | $227,800 |
| 2014 | $1,583 | $227,800 |
| 2013 | -- | $227,800 -57.1% |
| 2012 | -- | $531,400 |
| 2011 | -- | $531,400 |
| 2010 | -- | $531,400 |
| 2009 | -- | $531,400 |
Find assessor info on the county website
Monthly payment
Est. payment
$19,224/mo
Principal & interest
$17363
Property taxes
$1568
HOA Fees
$293
More affordability tools
Climate risks
Neighborhood: 28704
Nearby schools
GreatSchools rating
- 8/10Avery's Creek ElementaryGrades: PK-4Distance: 1.6 mi
- 9/10Valley Springs MiddleGrades: 5-8Distance: 3.3 mi
- 7/10T C Roberson HighGrades: PK,9-12Distance: 3.5 mi
Local experts in 28704
- North Carolina
- Buncombe County
- Arden
- 28704
- 12 Falling Waters Trl





