Three Falls Homes For Sale

Three Falls is a small Alpine land subdivision where activity is measured in individual transactions rather than monthly trends, with just five recorded sales over the past year on lots with a median size of 2.39 acres. Sale prices moved from $3.8M in July 2025 down to $2.0M by November before the most recent April 2026 close at $2.7M after 46 days on market, and sale-to-list ratios have ranged from 84% to 100% across that stretch. Days on market have been long and uneven, reflecting the limited sample and the custom-lot nature of the inventory, while new listings have spanned from $3.0M to $16.5M. The $3,500 annual HOA applies across the community, and every parcel feeds Timberline Middle and Lone Peak High, with elementary assignments split 60/40 between Westfield and Alpine.