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12 Falling Waters Trl, Arden, NC, 28704

5beds
6baths
6,358sqft
$3,550,000
$558price/sqft
$21,347/moest. monthly cost
$853,880/yrincome needed

About This Home

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.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

8/10
Avery's Creek ElementaryGrades PK-41.6 mi
9/10
Valley Springs MiddleGrades 5-83.3 mi
7/10
T C Roberson HighGrades PK,9-123.5 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Metal
  • Construction materials: Fiber Cement,Stucco,Stone

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range,Refrigerator
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2
  • Main level bedrooms: 2

Features

  • Fireplace features: Family Room
  • Finished area below ground: 0
  • Finished area above ground: 6,358

Heating & Cooling

  • Heating features: Heat Pump,Natural Gas,Zoned
  • Cooling features: Central Air,Dual,Heat Pump,Zoned

Interior Area

  • Total structure area: 6,358
  • Total interior livable area: 6,358 sqft

Primary Bedroom

  • Features: En Suite Bathroom
  • Level: Main
  • Area: 342
  • Dimensions: 19' 0" X 18' 0"

Property

Details

  • Parcel number: 963329455500000
  • Zoning: R-1
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community
  • Waterfront features: Pond

Lot

  • Lot size: 0.88 Acres
  • Features: Pond(s),Sloped,Wooded,Waterfall

Parking

  • Total spaces: 2
  • Parking features: Attached Garage,Garage on Main Level
  • 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

  • Cold Wave
    Cold WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
Lightning
Drought
Inland Flooding
Landslide
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Buncombe 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 $17,950$215,400
Home Insurance *$912$10,944
Property Taxes $1,893$22,716
Electricity $592$7,106
Total$21,347$256,164
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$731,897/yr
40% on housing$640,410/yr
45% on housing$569,253/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: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$558This listing

vs Other Active Listings

Avg $/sqft

ZIP 28704$337
Buncombe County$291

vs Homes Sold Last Month

Median $/sqft

ZIP 28704$266
Buncombe County$278

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
2026-02-13Listed for sale$3,550,000
2023-09-13Sold$315,000
2023-08-02Listed for sale$315,000
2022-06-21Listing removed--
2022-05-24Contingent$315,000
2022-05-24Listed for sale$315,000
2022-01-24Listing removed--
2022-01-13Listed for sale$250,000
2019-05-20Listing removed$250,000
2019-03-21Listed for sale$250,000
2015-10-15Listing removed$365,000
2015-05-27Price change$365,000
2013-05-09Listed for sale$373,500

New Construction

AgentShaun Collyer
BrokerageThe Agency - Charlotte

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