99999 East Alarka Road

The Falls presents a rare opportunity to acquire and shape an established mountain

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.