Phase 1 Community Water is currently $258/quarter. Oleta Falls is a beautiful, gated, one-of-a-kind community which feels like a national park! Enjoy the Little Hungry River running through it, the covered bridge, the seven walking trails and the pond. Enjoy the community lodge, pool, spa, kiddie pool and fitness area. Walk to the private 40 foot waterfall!!! Build your dream home here and enjoy the best of both worlds: upscale living with that in-the-woods nestled feeling!