$385,000
●
House -
Off Market
383 Falling Water Road
Spring Lake, NC 28390
4 Beds
3 Baths,
1
Half Bath
2,288 Ft²
$2,233
Est. Monthly
$269
HOA / Fees
About This Property
Ranch-Style Living in Anderson Creek Club - Updated, Gated &
Gorgeous!Welcome to your dream ranch-style home in the exclusive
gated golf community of Anderson Creek Club! This 4-bedroom,
3.5-bath residence combines main-floor convenience with modern
updates for effortless living.Enjoy peace of mind with a brand-new
roof & gutters (2025), tankless water heater (2022) and HVAC
(2019), all the major updates are already done! Inside, you'll find
an inviting open floor plan with a formal dining room, a bright
sunroom, and a chef's kitchen featuring brand-new appliances (2025)
and stylish finishes. The main-floor primary suite is a
showstopper, complete with double tray ceilings, french doors, and
a luxurious spa bath offering a tub, walk-in shower, and oversized
closet. Two additional bedrooms on the main floor make single-level
living ideal. Upstairs, guests will love their private suite with
full bath. Need extra storage? There is unfinished attic space
perfect for all your Halloween and Christmas decorations. Other
features include plantation shutters, epoxy coated garage floor,
irrigation system, and active termite bond. Enjoy resort-style
amenities: multiple pools, gyms, pickleball, volleyball,
basketball, soccer fields, and 24/7 gated security. All with
high-speed internet included in POA dues.
Unit Size
2,288 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$175
Property Type
House
Property Taxes
-
HOA Dues
$269
Year Built
2005
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 months ago (TMLS #LP752479)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | Listed by CASA MORGAN REAL ESTATE, LLC | $399,900 | |
| Listed by CASA MORGAN REAL ESTATE, LLC | |||
| Aug 19, 2025 | Listed | $399,900 | |
| Listed | |||
| | |||
|
Welcome to your dream home in the gated, golf community of Anderson Creek Club! This charming 4-bedroom, 3.5-bathroom residence combines elegance with comfort. Step inside to find an inviting formal dining room that’s perfect for entertaining, a bright sunroom ideal for relaxing or watching TV, and a chef’s kitchen with brand-new appliances.The main floor features three bedrooms, including a spacious primary suite with stunning double tray ceilings. French doors lead you into a light-filled spa bath complete with a jacuzzi tub, separate walk-in shower, and an oversized walk-in closet. Upstairs, your guests will love the private suite with full bath. There is an immense amount of storage or even future planning with over 340sf in the walk in unfinished attic. With a brand-new roof (2025) and plenty of thoughtful upgrades throughout, this home is move-in ready. Don’t miss your chance to live in one of the area’s most sought-after golf communities! POA dues include high speed internet, access to many amenities like the newly designed pickleball courts, volleyball, basketball, soccer and multiple pools and gyms. ACC is a gated community with 24/7 security.
| |||
| Jul 28, 2005 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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HOA + Taxes
About Harnett
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Listed by: ERICA MORGAN, CASA MORGAN REAL ESTATE, LLC
Last Updated: 7 months ago
Data Source: TMLS, MLS# LP752479
Last Updated: 7 months ago
Data Source: TMLS, MLS# LP752479
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