"LIVE" Falling Waters Subdivision Real Estate Auction - 56 Parcels
Open Houses: September 27th and October 1st, 11:00 AM-1:00 PM CT, at the Falling Waters Clubhouse, 682 Verdano Terrace, Crown Point, IN
Falling Waters Subdivision Auction - Porter County, Crown Point, IN
LIVE on Tuesday, October 14th, 2025, at 6:00 PM CT
Location: The Hub NWI, 676 W Division Rd, Hebron, IN 46341
or Bid Online at: Bid.KraftAuctions.com
Welcome to Falling Waters — one of Northwest Indiana’s premiere gated communities. Nestled in Crown Point in Porter County, this highly sought-after subdivision combines natural beauty, modern amenities, and unmatched convenience. Here, residents enjoy wooded landscapes, sparkling lakes, and the peace of a private community just minutes from shopping, dining, and a quick commute to Chicago.
On October 14th at 6 PM CT, Kraft Real Estate is proud to present the auction of 56 vacant residential lots in this prestigious neighborhood. Whether you’re building your forever home, investing for the future, or developing multiple sites, this auction offers an unparalleled opportunity to make your mark in Falling Waters.
Choose from a wide range of lots — wooded, grassy, or mixed landscape options, with possibilities to combine multiple lots as desired. Enjoy community amenities including scenic lakes, picnic areas, a playground, clubhouse, and pond boat entry, all within the highly rated Porter School District.
If you are a developer or an investor wanting to purchase the remaining lots in Falling Waters, this is your opportunity to do so. And being a single buyer purchasing all 56 lots in the auction, the seller will transfer all declarant rights to the new buyer. Please contact the auction company for more details on this unique opportunity to buy 56 lots in a well established and developed subdivision.
The auction will be conducted in a choice-out multiple-parcel format. This means the highest bidder in each round selects the lot or combination of lots they want, and the process continues until all 56 lots are sold. Every bidder has a fair chance to secure the property that best fits their vision.
Open Houses: September 27th and October 1st, 11:00 AM-1:00 PM CT, at the Falling Waters Clubhouse, 682 Verdano Terrace, Crown Point, IN
Opportunities like this are rare — and once these lots are gone, they’re gone. Don’t miss your chance to build, invest, or expand in one of Crown Point’s most desirable communities. Join us LIVE at The Hub NWI or online at Bid.KraftAuctions.com on October 14th at 6 PM CT.
Owner: FWA Development LLC
General Terms: $5,000 per parcel or $100,000 if all parcels purchased by one buyer non-refundable down payment due immediately after the sale, sold as-is, closing in 30 days, special warranty deed, taxes pro-rated and final to day of closing, each parcel is subject to a $200 HOA initiation fee and $3500 Falling Waters Conservancy District tap fee due at closing (if all lots are sold to one buyer with declarant rights, buyer would not be subject to these fees at closing and would be responsibility of secondary buyers when lots are developed, please contact auction company for more details), sells with seller's confirmation, and subject to a 10% buyer's premium.
Kraft Real Estate Auctions, LLC - AC31900011
Col. Conrad Kraft- AU01023657
Jonathan Kraft – AU10500173
Kraft Land and Farm Manager: Kelsey Koomler 219-608-4341
219-973-9240 ~ Info@KraftAuctions.com
KraftAuctions.com
DOWN PAYMENT: $5,000 down payment per parcel or $100,000 for all parcels to one single buyer immediately after the auction and with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
DECLARANT RIGHTS: Any single buyer of ALL available lots will be granted declarant rights for the subdivision.
OTHER FEES: Buyer is responsible for $200 HOA transfer fee per parcel to be paid at closing (waived for single buyer of all lots) and $3500 FWCD transfer/tap fee per parcel due at closing. Please note that certain lots contain multiple parcels. Variances and/or waivers of transfer/tap fees provided at the Falling Waters Conservation District's discretion and approval. Auction lots #56 and #57 are not subject to transfer/tap fees; water and electric are not currently run to these lots.
BUYER`S PREMIUM: A buyer's premium of 10% will be added to the final bid price of the property.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a special warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place in 30 days,
POSSESSION: At closing.
REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing
ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.
SURVEY: There shall be no survey
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.
ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
