Calling all Mid-Century Modern lovers! This is a diamond in the rough. It needs some work and is priced accordingly but has SUCH potential! Experience the epitome of lakeside living in this architecturally significant home designed by Arthur Cogswell, nestled on the serene shores of Lake Trace in the prestigious Carolina Trace community. The residence features 3 bedrooms and 2.5 bathrooms, providing ample space for comfortable living. You'll love the gourmet kitchen: The kitchen is equipped with granite and Corian countertops, Kraft Maid maple cabinets, and a stylestone peninsula, perfect for culinary enthusiasts. The property boasts a detached garage with an unfinished upstairs space, offering potential for
customization and beautiful lake front pathways.
For sale
Price cut: $50K (7/22)
$475,000
1116 Falling Strm, Sanford, NC 27332
3beds
2,323sqft
Est.:
Single Family Residence
Built in 1975
0.64 Acres Lot
$459,500 Zestimate®
$204/sqft
$73/mo HOA
What's special
Detached garageGourmet kitchenStylestone peninsulaAnderson windowsGranite and corian countertopsHeated tile floorBeautiful lake front pathways
- 61 days
- on Zillow |
- 6,831 |
- 498 |
Zillow last checked: 7 hours ago
Listing updated: July 22, 2025 at 10:28am
Listed by:
KATHERINE SMITH,
COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Source: LPRMLS,MLS#: 744892
Originating MLS: Longleaf Pine Realtors

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Electric, Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, Main Level, In Unit
Features
- Ceiling Fan(s), Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Granite Counters, Kitchen Island, Kitchen/Dining Combo, Storage, Unfurnished, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Hardwood, Tile
- Basement: Partially Finished
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total interior livable area: 2,323 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage
- Garage spaces: 2
Features
- Levels: Multi/Split
- Patio & porch: Balcony, Rear Porch, Covered, Deck, Front Porch, Porch, Screened
- Exterior features: Balcony, Deck, Porch
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.64 Acres
- Features: Cul-De-Sac, Dead End, Rolling Slope, Wooded
- Topography: Rolling
- Residential vegetation: Wooded
Details
- Parcel number: 966094903600
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Split Level
- Property subtype: Single Family Residence
Materials
- Wood Frame
Condition
- New construction: No
- Year built: 1975
Community & HOA
Community
- Features: Community Pool, Golf, Gated, Waterfront
- Security: Gated with Guard, Gated Community
- Subdivision: Carolina Trace
HOA
- Has HOA: Yes
- HOA fee: $875 annually
- HOA name: South Landing-Carolina Trace Hoa
Location
- Region: Sanford
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $429,800
- Annual tax amount: $3,419
- Date on market: 6/5/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Inclusions: Refrigerator
- Exclusions: None
- Ownership: More than a year
- Road surface type: Paved
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