248 Acres Lot
248 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
Subdivision The Falls
MLS Listing ID 4357092
HOA Fees $1,000/ann
HOA Y/N 1
Lot Size 248.000 Acres
Acres 248.0
Property Sub-Type Acreage
Property Description
community in one of Western North Carolina's most scenic and sought-after regions.
Positioned near Bryson City and the Great Smoky Mountains, this offering combines
existing infrastructure, flexible land planning, and significant upside potential for a
thoughtful developer or long-term investor. Originally conceived over 20 years ago, The Falls was designed as a nature-forward
community with dramatic topography, waterfalls, and long-range mountain views. The
southeast 146 acres within gated community features a network of paved roads winding
through the landscape, with underground power in place throughout much of the
development. 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 remains
conceptual and unrecorded, the property has evolved over time, with adjusted lot
configurations 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 limited
collection 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 the
entrance, providing additional flexibility for future use, amenities, or alternative
development 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 community
and another via Kim Way. This additional acreage creates the potential for expanded
inventory or phased development. Importantly, the sale includes Special Declarant Rights, as defined under North Carolina
General Statute Chapter 47F, which may be assigned to the purchaser of the remaining
restricted 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 vision
that meets today's buyer expectations.
Location
State NC
County Swain
Zoning RS1
Exterior
Community Features Gated
Utilities Available Cable Connected, Electricity Connected, Underground Utilities, Wired Internet Available
View Long Range, Mountain(s), Winter, Year Round
Street Surface Paved
Building
Sewer None
Water None
Schools
Elementary Schools West Swain
Middle Schools Swain
High Schools Swain
Others
HOA Name Valerie Lehman
Senior Community false
Restrictions Architectural Review,Building,Deed,Livestock Restriction,Manufactured Home Not Allowed,Short Term Rental Allowed,Square Feet
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.youtube.com/watch?v=X5keIKSY6so&t=16s