$3,107,200

Set within one of Old Edwards Reserve’s most coveted waterfront settings, this 1.35-acre waterfront estate lot paired with the AR Homes Sierra 1569 custom build package offers a rare opportunity to create a legacy residence in one of the community’s most extraordinary settings. As one of the last truly exceptional… Read More lakefront properties available, this homesite combines dramatic elevation, protected deep water, and long-range vistas that simply cannot be replicated elsewhere. Its dynamic topography naturally elevates the future AR Homes residence, allowing expansive glass, vaulted ceilings, and carefully curated outdoor living spaces to capture panoramic south/southwest-facing views and unforgettable sunsets. Along the water’s edge, the shoreline has been reinforced with hand-selected natural elements that preserve the site’s beauty while ensuring lasting durability. A covered dock provides immediate access to deep, navigable water throughout the year. Set within a serene cove, the homesite benefits from a nearby natural waterfall and sheltered waters that remain smooth and quiet, perfect for recreation or relaxation. This AR Homes Sierra 1569 Plan exudes architectural refinement highlighting a seamless indoor-outdoor experience and capitalizes on the dramatic views only this homesite provides. The Main Level invites natural light in through the vaulted Great Room with expansive lake-facing glass. A Gourmet Kitchen with large island, walk-in Pantry, and Casual Dining are also positioned to focus on the beauty of Lake Keowee. Main Private Primary Suite with spa-inspired Primary Bath is located conveniently nearby to continue enjoyment of the sweeping lake views. Covered Porch designed for year-round outdoor living extends the outdoors inside. The Lower Level provides three additional bedrooms and two full baths and incorporates a spacious Rec Room with Wet Bar perfect for entertaining. The large walk-out Porch (488 sq. ft.) overlooking the lake and Bonus Room allows for more flexible living. Optional outdoor living enhancements, including a built-in firepit. The Sierra 1569’s architectural lines, generous glazing, and thoughtful spatial flow are exceptionally well-suited for this prominent homesite, maximizing long-range views from both levels and creating a true luxury retreat. Buyers may select from three distinct AR Homes elevations, each offering a unique architectural identity: Elevation A – American Farmhouse: Clean lines, light siding, stone accents, and a welcoming modern-farmhouse aesthetic. Elevation B – Craftsman: Rich stonework, warm wood details, and classic craftsman character with gabled rooflines. Elevation C – High Country Craftsman: A refined mountain-inspired exterior with darker tones, layered gables, and rustic elegance. Each elevation can be further personalized through AR Homes’ design studio, ensuring the residence reflects the buyer’s vision and the natural beauty of the site. This property includes a Full convertible membership, giving buyers flexibility in choosing their preferred level of community involvement. A separate non-refundable membership initiation fee is required with purchase, unlocking access to The Reserve’s world-class amenities, including the Jack Nicklaus Signature Golf Course, the Orchard House, marina, fitness and wellness facilities, racquet sports, hiking trails, and a vibrant year-round social scene. 132 S Falls Rd is a once-in-a-generation opportunity to create a showpiece lakefront retreat you will be proud to call home. This remarkable landscape works in harmony with the AR Homes Sierra 1569 plan and all three luxury elevations. The result is a residence designed to feel rooted in its environment, with a presence and perspective unique to this special homesite within Old Edwards Reserve at Lake Keowee. Read Less

Courtesy of Krystal A Kusak, Pine Mountain Properties.

Listing Snapshot

Days Online

Last Updated

Sep 23, 2026

Property Type

Single Family Residence

Beds

Full Baths

Partial Baths

Square Ft.

2,946

Lot Size

1.35 Acres

MLS Number

1604518

30 Days Snapshot Of 29685

$2.08M

-21%

(avg) sold price

+71%

homes sold

-52%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Appliances: Gas Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Microwave, Range Hood, Gas Water Heater

Basement

Basement: Partially Finished, Walk-Out Access, Interior Entry

Building

Architectural Style: Other, Construction Materials: Stone, Wood Siding, Levels: 1+Basement, New Construction, Stories: 1

Cooling

Cooling Included, Cooling: Central Air

Exterior Features

Exterior Features: Dock, Patio And Porch Features: Patio, Front Porch, Porch

Fireplaces

Fireplace Features: Gas Log, Fireplace Included, Fireplaces Total: 1

Floors

Flooring: Carpet, Ceramic Tile, Wood

Foundation

Foundation Details: Basement

Family Room

Area: 270, Length: 15, Width: 18

Garage

Attached Garage, Garage Included, Garage Spaces: 2

Water Features

Waterfront Features: Lake, Water Access, Waterfront, Waterfront Property

Heating

Heating Included, Heating: Propane, Heat Pump

Home Owner's Association

Association Included, Fee Frequency: Annually, Fee Includes: Pool, Recreation Facilities, Security, Street Lights, By-Laws, Restrictive Covenants, Fee: $16,800

Interior Features

Interior Features: Vaulted Ceiling(s), Granite Counters, Walk-In Closet(s), Wet Bar, Countertops u2013 Quartz, Pantry

Kitchen

Area: 210, Length: 14, Width: 15

Laundry

Features: 1st Floor, Walk-in, Laundry Room

Lot

Acres: 1.35, Area: 1.35, Features: 1 - 2 Acres, Sloped, Wooded, Square Feet: 58806

Primary Bedroom

Area: 221, Length: 13, Width: 17

Parking

Open Parking, Parking Features: Attached, Concrete, Garage Door Opener, Driveway, Parking Total: 2

Pets Policy

Pets Allowed: Yes

Property

Parcel Number: 413100245095, Property Condition: To Be Built, Property Sub Type: Single Family Residence, Road Frontage Type: Private Road, Topography: Steep

Roof

Roof: Slate

Sewer

Sewer: Septic Tank

Taxes

Tax Annual Amount: $6,817

Utilities

Utilities: Underground Utilities, Water Source: Public

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