99999 East Alarka Road
Bryson City, NC, 28713 $ 1,250,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 8,633
for $1,250,000. The lot size is 248.
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.
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FeaturesGeneralSewer None
Utilities Cable Connected Electricity Connected Underground Utilities Wired Internet Available
HOA Fee 1000
View Long Range Mountain(s) Winter Year Round
Property Subtype Acreage
Parcel Number 667202757992
Community Features Gated
Additional Parcels Description 667202675508 667202676338 667202755566 667202757992 667202983073 667204746921
Assoc Fee Paid Per Annually
County Swain
Property Type Land
HOA Y
Subdivision Name The Falls
Possible Use Residential
Directions Highway 74 to exit 64. Head south on Alarka Rd and turn left on East Alarka Rd. The gate will be down almost to the end on the right. Gate code will be needed
High School Swain
City Bryson City
Association Name Valerie Lehman
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School West Swain
Middle/Junior High School Swain
Additional Parcels Y/N Y
Lease Considered Y/N N
Virtual Tour https://www.youtube.com/watch?v=X5keIKSY6so&t=16s https://www.youtube.com/watch?v=X5keIKSY6so&t=16s
Standard Status Active
Restrictions Architectural Review Building Deed Livestock Restriction Manufactured Home Not Allowed Short Term Rental Allowed Square Feet
Tax Assessed Value 56560
Listing Terms Cash Conventional
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ExteriorWater Source None
Lot Size Area 248
Road Surface Type Paved
Road Responsibility Private Maintained Road
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InteriorBelow Grade Finished Area 0
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,633
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Bryson City, NC
Average List Price $269,258
Percent of Sale Price 78%
About Bryson City, NC 8,904 Population
11% Since 2002
$ 35,113 Median Income
45.58 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
2172553 Elementary School
2172625 Middle School
Swain High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/5/2026 | $1,250,000 | | Listed Price |