Property Description

The Falls presents a rare opportunity to acquire and shape an established mountaincommunity in one of Western North Carolina's most scenic and sought-after regions.Positioned near Bryson City and the Great Smoky Mountains, this offering combinesexisting infrastructure, flexible land planning, and significant upside potential for athoughtful developer or long-term investor. Originally conceived over 20 years ago, The Falls was designed as a nature-forwardcommunity with dramatic topography, waterfalls, and long-range mountain views. Thesoutheast 146 acres within gated community features a network of paved roads windingthrough the landscape, with underground power in place throughout much of thedevelopment. In this section, high-speed internet and cable are available via Zito Media?an increasingly important amenity for today's buyers. While the original plan remainsconceptual and unrecorded, the property has evolved over time, with adjusted lotconfigurations and redefined open spaces that enhance both usability and value.A key highlight is the Summit Park area, which offers the potential to create a limitedcollection of premier view homesites while still preserving meaningful shared space?allowing for a high-end, low-density product that aligns with current market demand.The offering also includes a separately deeded, unrestricted 12+ acre tract near theentrance, providing additional flexibility for future use, amenities, or alternativedevelopment concepts. Further expanding the opportunity is an adjacent 20+-acre tract, available for acquisition,with two established access points?one from the northwest boundary of the communityand another via Kim Way. This additional acreage creates the potential for expandedinventory or phased development. Importantly, the sale includes Special Declarant Rights, as defined under North CarolinaGeneral Statute Chapter 47F, which may be assigned to the purchaser of the remainingrestricted property. These rights provide a unique level of control over the future direction,governance, and buildout of the community. For a developer seeking a legacy project in a supply-constrained mountain market, The Falls offers scale, flexibility, infrastructure, and the ability to reimagine and execute a visionthat meets today's buyer expectations.

Property Features

Local Schools