See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1113 Falling Strm, Sanford, NC, 27332

5beds
3baths
4,252sqft
$737,400
$173price/sqft
$5,034/moest. monthly cost
$201,360/yrincome needed

About This Home

Lake views set the tone from the moment you arrive. Calm water, shifting light, and a sense of privacy that is hard to find inside a gated community. It feels tucked away, but everything about the home is built for everyday living. New roof and one new HVAC already in place. The main level lives easily. True ranch layout with vaulted ceilings that open the space and pull in the view. Hardwood floors run through the core living areas, grounded by a fireplace in the family room and a dining area positioned to take in the water. The kitchen is substantial and well thought out. Gas cooktop, stainless appliances, custom finishes, and solid doors throughout. It's the kind of space that works just as well for a quiet morning as it does when the house is full. A dedicated office sits on the main level, set apart enough for focus without feeling disconnected. The primary suite is generous, with tray ceilings, two walk-in closets, and a bath designed for function and comfort. Dual vanities, a jetted tub, and a separate shower all in place. Downstairs, the finished walkout basement expands the footprint in a meaningful way. Two additional bedrooms, a full bath, and a large recreation room that opens directly to a 15x32 patio and the backyard beyond. There's also a substantial unfinished area ready to be built out or kept as storage, depending on your needs. The setting carries outside. A circular driveway offers a welcoming approach, and the deep two-car garage gives you room to spread out. The structure and systems are solid. The finishes are clean and ready for someone to make their own. Quality construction, a waterfront lot, and a flexible layout that works now and adapts over time. It's a rare combination of move-in ready and open-ended potential in a setting that speaks for itself.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
10
BikeSomewhat Bikeable

Schools

4/10
East Lee Middle SchoolGrades 6-83.6 mi
3/10
Lee County High SchoolGrades 9-124.8 mi

Construction

Condition

  • Year built: 2000

Materials

  • Foundation: Other
  • Roof: Shingle
  • Construction materials: Brick Veneer

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial, Ranch, Traditional
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Oven,Range,Refrigerator,Washer/Dryer
  • Laundry features: Laundry Room,Main Level

Basement

  • Has basement: Yes
  • Basement: Partially Finished, Storage Space, Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bathtub Only,Bathtub/Shower Combination,Ceiling Fan(s),Entrance Foyer,High Ceilings,Pantry,Master Downstairs,Shower Only,Smooth Ceilings,Storage,Walk-In Closet(s)
  • Flooring: Ceramic Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Finished area below ground: 1,374
  • Finished area above ground: 2,878

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 4,252
  • Total interior livable area: 4,252 sqft

Property

Details

  • Parcel number: 966094507300
  • Zoning: RR
  • Special condition: Trust

Features

  • Levels: One and One Half
  • Stories: 1
  • Pool features: Community
  • Patio & porch: Deck,Patio,Other
  • Exterior features: Rain Gutters
  • Has view: Yes
  • View description: Lake,Trees/Woods
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Waterfront

Lot

  • Lot size: 0.32 Acres
  • Features: Agricultural,Close to Clubhouse,Front Yard,Hardwood Trees,On Golf Course

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Hurricane
Heat Wave
Ice Storm
Tornado
Winter Weather

FEMA Declared Disasters in Lee County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,728$44,736
Home Insurance *$412$4,944
Property Taxes $498$5,976
Electricity $396$4,752
Total$5,034$60,408
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$172,594/yr
40% on housing$151,020/yr
45% on housing$134,240/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.1%
13.1%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$173This listing

vs Other Active Listings

Avg $/sqft

ZIP 27332$167
Lee County$159

vs Homes Sold Last Month

Median $/sqft

ZIP 27332$167
Lee County$169

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-20Listed for sale$737,400
1999-10-22Sold$102,000

For Sale by Agent

AgentDana Ellington
BrokerageCompass -- Raleigh

Similar Homes