Discover why so many buyers choose Crown Point and the gated Falling Waters community as their forever-home destination. Falling Waters offers a private, resort-like setting defined by wooded homesites, and serene water views, creating a peaceful environment where wildlife, natural scenery, and quiet walking areas are part of everyday life. A gated entrance provides added privacy and security, while strong pride of ownership is evident throughout the neighborhood, which features custom-built homes ranging from upscale to true luxury. Beyond the gates, Crown Point delivers a vibrant community lifestyle centered around its historic Downtown Square and Bulldog Park. Residents enjoy a full calendar of annual events, including the Summer Corn Roast, Taste of Crown Point, the Summer Concert Series, and the Fourth of July Parade and Fireworks. Seasonal activities continue throughout the year with ice skating, a Santa Parade, a New Year's Eve Ball Drop, and rotating festivals and markets that bring the community together. Despite its tranquil, nature-filled setting, Falling Waters is just minutes from shopping, dining, parks, and recreation, and approximately 40 minutes from downtown Chicago, offering an ideal balance of retreat-style living and everyday convenience. Low Porter County taxes and access to highly regarded Crown Point schools further enhance the value, making Falling Waters one of Northwest Indiana's most sought-after gated communities for those seeking lifestyle, community, and long-term value. The HOA fee includes trash pickup, road maintenance, security gates, and snow removal of common streets.
Active
$84,900
81 Morena Ter, Crown Point, IN 46307
--beds
--baths
0.51Acres
Unimproved Land
Built in ----
0.51 Acres Lot
$-- Zestimate®
$--/sqft
$88/mo HOA
What's special
Peaceful environmentSerene water viewsWooded homesitesPrivate resort-like setting
- 55 days |
- 50 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Andrew Moroz,
Weichert Realtors - Shoreline 219-864-8440
Source: NIRA as distributed by MLS GRID,MLS#: 838362
Facts & features
Property
Features
- Has view: Yes
- View description: Neighborhood, Trees/Woods
Lot
- Size: 0.51 Acres
- Features: Cul-De-Sac, Wooded, Few Trees
Details
- Parcel number: 641103407002000018
- Zoning description: Residential
- Special conditions: None
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available, Sewer Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Falling Waters
HOA
- Has HOA: Yes
- Amenities included: None
- Services included: Snow Removal, Trash
- HOA fee: $1,050 annually
- HOA name: 1st American Management
- HOA phone: 219-464-3536
Location
- Region: Crown Point
Financial & listing details
- Tax assessed value: $83,600
- Annual tax amount: $1,272
- Date on market: 5/6/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,447/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Listed for sale | $84,900 |
Source: | ||
| 5/1/2026 | Listing removed | $84,900 |
Source: | ||
| 1/19/2026 | Listed for sale | $84,900 |
Source: | ||
| 1/1/2026 | Listing removed | $84,900 |
Source: | ||
| 7/15/2025 | Listed for sale | $84,900 |
Source: | ||
| 7/1/2025 | Listing removed | $84,900 |
Source: | ||
| 2/5/2025 | Listed for sale | $84,900 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,272 -1.2% | $88,600 +6% |
| 2024 | $1,287 +71.4% | $83,600 |
| 2023 | $751 -3.1% | $83,600 +72.4% |
| 2022 | $775 +16.6% | $48,500 |
| 2021 | $665 -5.9% | $48,500 +10% |
| 2020 | $707 -21.7% | $44,100 |
| 2019 | $903 +3.4% | $44,100 |
| 2018 | $873 | $44,100 |
| 2017 | $873 +12.1% | $44,100 +50.5% |
| 2016 | $779 -70.8% | $29,300 -2.3% |
| 2014 | $2,671 -1.8% | $30,000 -69.5% |
| 2013 | $2,721 +60.2% | $98,500 +4.1% |
| 2012 | $1,699 +497.8% | $94,600 +403.2% |
| 2011 | $284 -83% | $18,800 -81.9% |
| 2010 | $1,673 +6.1% | $103,900 |
| 2009 | $1,577 | $103,900 -1.1% |
| 2006 | -- | $105,100 -2.8% |
| 2005 | -- | $108,100 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 46307
Nearby schools
GreatSchools rating
- 9/10Porter Lakes Elementary SchoolGrades: PK-3Distance: 1.4 mi
- 8/10Boone Grove Middle SchoolGrades: 6-8Distance: 6.2 mi
- 8/10Boone Grove High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Porter Lakes Elementary School
- High: Boone Grove High School
Source: NIRA as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Indiana
- Porter County
- Crown Point
- 46307
- 81 Morena Ter





