Single Family Residence at 131 Arcadia Falls Way, Black Mountain
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Observatory deck with views to Mt. Mitchell. The tallest peak east of the Mississippi. Large shade umbrella makes this the perfect spot any time of day. Enjoy the relaxing cool mountain temperatures. - 131 Arcadia Falls Way, Black Mountain
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Private mountain estate with beautiful mature landscaping and a level yard is hard to find. - 131 Arcadia Falls Way, Black Mountain
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$1,089,000

131 Arcadia Falls Way
Black Mountain, NC 28711
Listed by Eddie Colley · Keller Williams Professionals
Bedrooms
3
Bathrooms
2.5
Living area
4,258 sqft
Year built
2006

About this home

For the buyer who wants to truly get away from it all without giving up the charm and convenience of Black Mountain, this is mountain living at its best. Set on a private homesite within gated Catawba Falls Preserve, this exceptional retreat offers peace, cool mountain air and long-range views toward Mt. Mitchell—all just 8 miles from downtown Black Mountain. The sense of getting away begins as you leave town and wind your way into the mountains, where life feels quieter and more connected to nature. Start the day with coffee on the porch, gather for dinner on the screened porch or unwind on the expansive Trex deck as deer and wild turkeys make their way through the property. With hiking, biking, waterfalls and abundant outdoor recreation nearby, adventure is always within reach. Inside, soaring vaulted ceilings and walls of windows bring the beauty of the surrounding mountains and forest into nearly every room. The open living spaces are warm and inviting, anchored by a gas fireplace and filled with natural light and serene views. The kitchen features custom hickory cabinetry, quartz countertops, a spacious pantry and generous workspace, while the cathedral-ceiling dining room creates a stunning setting for everyday meals or entertaining. The main-level primary suite is a private retreat of its own, complete with a fireplace, custom walk-in closet and spa-inspired bath. Two additional bedrooms and a versatile bonus room provide plenty of space for family and guests, or flexibility for a home office, fitness room or additional sleeping accommodations. Outdoor living is just as thoughtfully designed. A screened porch, private stone terrace with gas fireplace and newly expanded Trex deck create multiple spaces to relax, dine and entertain while taking in the surrounding mountains and long-range views toward Mt. Mitchell. The home has been thoughtfully maintained and prepared for its next owner. The sellers completed a pre-listing home inspection and radon test and addressed identified items in advance. Additional features include a whole-house generator, oversized two-car garage with workshop and built-in storage, unfinished basement with excellent storage and future potential, two energy-efficient HVAC systems installed in 2025, a newer water heater, architectural roof and conditioned crawl space. This is not a home for someone who wants to be in the middle of town—and that is precisely its appeal. It is for the buyer who values privacy, nature, beautiful views and the restorative feeling of a true mountain retreat, while still keeping Black Mountain within easy reach. Come for the house. Stay for the peace, quiet and mountain views.

Highlights

Fireplace

Property details

MLS
Canopy MLS
MLS #
CAR4397436
Property type
Single Family Residence
Subdivision
Catawba Falls Preserve
Status
Active
Days on market
100
On market date
June 27, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
2
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Black Mountain Elementary
3.16 mi away · Grades 4-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
146
Student:teacher ratio
11.2:1
District
Buncombe County Schools
Middle
Owen Middle
4.84 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
457
Student:teacher ratio
13.4:1
District
Buncombe County Schools
High
Early College
14.63 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
278
Student:teacher ratio
25.3:1
District
Buncombe County Schools

Walkability

Blended score for Black Mountain's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

15
Very car-dependent
out of 100
EPA National Walkability Index
5.0 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Black Mountain, from live MLS data.

On the market 100 days -- 52 fewer days than Black Mountain's current average of 152 days.
For reference, the median list price across 257 active listings in Black Mountain right now is $384,000.

Mortgage calculator

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Est. monthly payment
$6,708/mo
$217,800 down
$871,200 loan
Principal & interest$5,651
Property tax (est.)$908
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 19 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.