You're thinking ''This is too good. The Falls, lovely private lot, lovely subdivision, lovely price..what's the catch?'' If you want to build a 2,100+- SF ranch with an exposed lower level on 2 sides in the limited building pad per the required elevations, there is no catch (a 2-story is not permitted). Good privacy; house will be rather distant from neighbors. Mother nature has landscaped about 1/2 the lot with wetlands. Endless possibilities for dynamite finished basement! Driveway-cut in. Offers can be contingent on getting your plans approved.