$439,000
$11K PRICE DROP

55300 Falling Waters Ct Elkhart, IN 46514

Estimated payment $2,669/month

Total Views 4,991
5 Beds
3 Baths
3,326 Sq Ft
$132 Price per Sq Ft

Highlights

  • 88 Feet of Waterfront
  • Partially Wooded Lot
  • 2 Fireplaces
  • Vaulted Ceiling
  • Whirlpool Bathtub
  • Walk-In Pantry

About This Home

Enjoy scenic Cobus Creek frontage with NO flood insurance required. The home sits elevated above the creek; only a small section of the back lot touches the mapped zone. Vaulted ceilings with a double-sided fireplace connect the living room and sunroom, both offering peaceful views of the creek and tree line. Watch the leaves change and snow fall from the warmth of the sunroom, or decorate the switch-controlled beams and vaulted ceilings—perfect for your holiday tree and gatherings. The finished walk-out basement features a wet bar, second fireplace, family room, bonus room/home gym, two bedrooms, and a full bath. Storage is exceptional with a huge basement storage room, 3-car heated/AC garage, attic, generous closets, a kitchen pantry, and a walk-in pantry off the bar area. Outdoor living includes an upper deck, lower patio, firepit, and fenced dog run. Wildlife sightings of deer, turkey, and birds make this home feel like a private retreat year-round. Recent updates include a new AC (2025) and water heater (2023). Move in before the holidays and make this creekside retreat your home for every season.

Listing Agent

Erika Walter

Berkshire Hathaway HomeServices Northern Indiana Real Estate Brokerage Phone: 574-284-2600 Listed on: 09/11/2025

Berkshire Hathaway HomeServices Northern Indiana Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,967

Year Built

  • Built in 2005

Lot Details

  • 10,106 Sq Ft Lot
  • Lot Dimensions are 88x115
  • 88 Feet of Waterfront
  • Creek or Stream
  • Level Lot
  • Partially Wooded Lot

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Gas Log Fireplace
  • Water Views
  • Walk-In Pantry
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Whirlpool Bathtub
  • Garden Bath

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement
  • Natural lighting in basement

Schools

  • Cleveland Elementary School
  • West Side Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Brook Hills / Brookhills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-05-03-251-007.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,967

Year Built

Built in 2005

Lot Details

0

HOA Fees

$10 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2005
  • Style: One Story
  • Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: BROOKSIDE LOT 15
  • Parcel Number ID: 20-05-03-251-007.000-005
  • Platted: Yes
  • Amenities: Dryer Hook Up Gas, Jet Tub, Jet/Garden Tub, Washer Hook-Up
  • Improvmnts In Last5 Yrs: Yes
  • Number Below Grade Bedrooms: 2
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3788
  • Total Finished Sq Ft: 3326
  • Above Grade Finished Sq Ft: 1971
  • Below Grade Finished Sq Ft: 1355
  • Below Grade Sq Ft: 462
  • Basement: Yes
  • Basement Foundation: Daylight, Full Basement, Walk-Out Basement
  • Number Of Fireplaces: 2
  • Fireplace: Gas Log
  • Fireplace: Yes
  • Living Great Room: Dimensions: 20x22, On Level: Main
  • Kitchen: Dimensions: 10x18, On Level: Main
  • Dining Room: Dimensions: 9x11, On Level: Main
  • Family Room: Dimensions: 19x27, On Level: Lower
  • Recreation Room: Dimensions: 18x17, On Level: Lower
  • Bedroom 1: Dimensions: 17x14, On Level: Main
  • Bedroom 2: Dimensions: 12x11, On Level: Main
  • Bedroom 3: Dimensions: 12x11, On Level: Main
  • Bedroom 4: Dimensions: 15x10, On Level: Lower
  • Bedroom 5: Dimensions: 15x11, On Level: Lower
  • Other Room1: Sunroom, Dimensions: 20x10, On Level: Main
  • Main Level Sq Ft: 1971
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 1817

Exterior Features

  • Exterior: Stone, Vinyl
  • Outbuilding1: None
  • Water Frontage: 88

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 33x21
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Mainx8, On Level: 10
  • Water Type: Creek

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 125
  • Association Fees Frequency: Annually

Schools

  • Elementary School: Cleveland

Lot Info

  • Lot Description: Level, Partially Wooded, Water View
  • Lot Dimensions: 88X115
  • Estimated Lot Sq Ft: 10106
  • Estimated Lot Size Acres: 0.23
  • Lot Number: 15

Tax Info

  • Annual Taxes: 3966.98

MLS Schools

  • High School: Elkhart
  • Middle School: West Side
  • School District: Elkhart Community Schools

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2025 10/09/25 Price Changed $439,000 -1.1% $132 / Sq Ft
09/19/2025 09/19/25 Price Changed $444,000 -1.3% $133 / Sq Ft
09/11/2025 09/11/25 For Sale $450,000 -- $135 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202536653

Indiana Regional MLS