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 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.
Median list price in this area is $345,626. (89% lower than this home)
PRICE DROP
0 price drops
22% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Cathedral/vaulted ceilings
Granite and quartz countertops
Walk-in pantry
Wet bar
Second living quarters on the second level
One gas-log fireplace
Partial finished walkout basement with interior access
Combo living and dining room, bonus/rec room, and other specialty rooms
Bedrooms
Primary suite on main level with double sinks, full bath and walk-in closet (primary bedroom ~13 x 17)
Second bedroom ~12 x 16
Third bedroom ~11 x 12
Fourth bedroom ~12 x 14
One bedroom located on the main level
Bathrooms
Three full bathrooms
One half bathroom
One full bath on the main level
Kitchen
Cooktop (gas)
Built-in microwave
Range hood
Dishwasher
Disposal
Refrigerator
Laundry & utility
Washer and dryer included
First-floor walk-in laundry
Flooring
Hardwood flooring
Carpet
Ceramic tile
Heating & cooling
Propane gas and heat pump heating
Central forced cooling
Gas water heater
Exterior features
Front and additional porches
Patio
Slate roof
Stone and wood exterior
Dock in place with water frontage and water access
Lake views and lake property on Lake Keowee
Wooded lot with gentle to steep slopes, underground utilities
Home design
Single-story with basement (1 + basement)
Model: Sierra1569
To-be-built by AR Homes
Parking
Attached 2-car garage with door opener
Paved concrete driveway
Security
Community security features (gated community, security guard, security included in HOA)
Construction
Basement foundation
Attic, garage and basement storage space
Utilities
Public water
Septic sewer
Private garbage pickup
Attached garage (garage type noted in utilities)
HOA & community
Homeowners association (HOA) present
HOA covers pool, recreation facilities, street lights, by-laws and restrictive covenants, and security
Community amenities include clubhouse, exercise facility, golf, pool, tennis courts, playground, marina, docks, walking/bike paths, sidewalks in some areas, private roads, neighborhood lake/pond, storage and pet-friendly policies
Electricity and solar
View estimated energy costs and solar savings for this home
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 showcase legacy residence in one of the community’s most extraordinary settings. As one of the last truly exceptional 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 overlooking the lake and Bonus Room allows for more flexible living. Optional outdoor living enhancements include a built-in firepit feature. 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.
Greater Greenville MLS #1590661
May 6, 2026
Listed
$950,000
$322/sq ft
+16
Remarks
Perfectly positioned within the prestigious Old Edwards Reserve at Lake Keowee, this 1.35 acre waterfront estate lot offers a rare blend of drama, privacy, and natural beauty. As one of the last buildable and truly special lakefront properties remaining in the community, it presents a once-in-a-generation opportunity to create a legacy home in an extraordinary setting. Unlike the gentler homesites found elsewhere, this property features dynamic topography that elevates the building envelope, allowing a future residence to command unreplicable long-range lake views that simply cannot be duplicated on flatter terrain. Its south/southwest-facing prominence ensures exceptional natural light throughout the day and unforgettable sunsets. The shoreline has been thoughtfully protected with hand-selected natural materials that blend seamlessly into the landscape, preserving both beauty and stability. A full covered dock is already in place, providing effortless access to consistently deep, navigable water in every season. Tucked into a quiet cove, the homesite enjoys the soothing presence of a natural waterfall and the calm of water sheltered from main-channel wakes and boat traffic, an extraordinary setting environment for swimming, paddling, or simply enjoying the stillness. Mature hardwoods frame the property, offering privacy while still allowing panoramic views to unfold from multiple vantage points. The lot’s scale and elevation provide a remarkable canvas for architectural creativity, whether your vision leans toward a modern lake lodge, a timeless craftsman, or a refined mountain retreat. This property includes a full convertible membership, giving the buyer flexibility to choose 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 more than a homesite, it is a rare and irreplaceable offering, where dramatic elevation, protected deep water, long-range vistas, and a natural waterfall converge to create one of the most exceptional remaining lakefront opportunities in Old Edwards Reserve at Lake Keowee.
WUMLS #20300469
May 6, 2026
Listed
$950,000
$322/sq ft
Public Records
Sep 12, 2006
Sold
$627,500
$213/sq ft
Public Records
Aug 7, 2002
Sold
$389,900
$132/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,817 (+7.4%)
2024
$6,344 (+0.3%)
2023
$6,325 (−0.6%)
$440,000
2022
$6,366 (+2.6%)
2021
$6,204 (+4.1%)
2020
$5,961 (−0.6%)
2019
$5,997 (−21.7%)
$440,000
2018
$7,663 (+0.3%)
$540,000
2017
$7,637
$540,000
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1.35 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Pickens County
APN
R0068139
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Sunset, SC • 29685
Average low and high temperatures (°F)
49
30
59
38
69
46
75
53
75
59
84
66
88
71
80
67
79
62
72
53
65
45
54
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 13% for direct sun exposure in Sunset. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
8.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 132 S Falls Rd
$3,059,655
$48K under list price of $3.11M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.5M to $4.2M.