125 Falling Water Way, Wallace, NC, 28466
About This Home
Custom-Built riverfront retreat in the prestigious River Landing!! Experience the charm of resort-style living in the esteemed gated golf course community. This residence is the pinnacle of luxury, boasting panoramic views, exquisite craftsmanship, and unmatched amenities. Nestled on a precisely landscaped three-quarter-acre lot, this 4,349 sq. ft., 4/5-bedroom home offers an inviting balance of grandeur and comfort. The lush, low-maintenance yard provides the perfect backdrop for peace and privacy, while a paved walkway leads to three separate decks, all overlooking the tranquil river—your own personal sanctuary for sunrises, stargazing, and everything in between. Step inside to an open-concept layout that immediately welcomes you with warmth and elegance. The gourmet kitchen is a chef's dream, featuring custom cabinetry, stainless steel appliances, and a generously sized island with bar seating. The adjacent great room is equally impressive, showcasing coffered ceilings, a gas fireplace, custom built-ins, and a sunroom bathed in natural light. For those who love to entertain, the outdoor amenities are second to none. Enjoy evenings by the natural gas firepit and let the river be your backdrop for unforgettable gatherings. Inside, the home continues to impress with two spacious primary-floor bedrooms, a flex space with French glass doors perfect for a formal dining room or home office, and a media room upstairs with balcony access—a front-row seat to peaceful views and fiery sunsets. Additional highlights include: Oversized two-car garage with dedicated storage and exterior access, Whole-house generator for peace of mind, Central vacuum system, Dual-zoned HVAC for personalized comfort, 75-gallon water heater, Irrigation well and sealed crawl space with dehumidifier. This exceptional home truly captures the spirit of gracious southern living, combining modern comforts with timeless craftsmanship. Don't miss the chance to claim your slice of paradise in one of the area's most highly sought-after communities.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2010
Materials
- Foundation: Crawl Space
- Roof: Architectural Shingle
- Construction materials: Brick,Fiber Cement,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Cooktop,Built-In Microwave,Built-In Electric Oven,Refrigerator,Double Oven,Dishwasher
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Dining Room
- Features: Formal
Features
- Master Downstairs,Central Vacuum,Walk-in Closet(s),Vaulted Ceiling(s),Entrance Foyer,Whole-Home Generator,Kitchen Island,Ceiling Fan(s),Pantry,Walk-in Shower,Blinds/Shades,Walk-In Closet(s)
- Window features: Skylight(s)
- Flooring: Bamboo,Carpet,Tile
Heating & Cooling
- Heating features: Heat Pump,Zoned
- Cooling features: Zoned
Interior Area
- Total structure area: 4,349
- Total interior livable area: 4,349 sqft
Master Bedroom
- Level: Primary Living Area
Property
Details
- Parcel number: 096875
- Zoning: RA
- Special condition: Standard
- Other equipment: Generator
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck,Porch,Balcony
- Fencing: Metal/Ornamental,Back Yard
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- Frontage type: River
- Living area range: 4000 - 4499
Lot
- Lot size: 0.74 Acres
- Features: See Remarks
- Lot size dimensions: Irregular
Parking
- Total spaces: 2
- Parking features: Garage Faces Side,On Site,Paved
- 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
- Hurricane
- Winter Weather
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Duplin County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,474 | $53,688 |
| Home Insurance * | $587 | $7,044 |
| Property Taxes | $626 | $7,512 |
| Electricity | $405 | $4,860 |
| Total | $6,092 | $73,104 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Price change | $884,900 |
| 2025-07-20 | Listed for sale | $899,900 |
| 2024-06-21 | Sold | $850,000 |
| 2024-06-11 | Pending sale | $889,000 |
| 2024-05-04 | Contingent | $889,000 |
| 2024-04-24 | Pending sale | $889,000 |
| 2024-04-03 | Listed for sale | $889,000 |
| 2007-05-11 | Sold | $311,900 |
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