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.