New Homes in Falling Waters, Gretna NE
Falling Waters sits on the Harrison Street corridor near 198th Street in Gretna, on the fast-growing southwest edge of the Omaha metro. It’s one of the area’s more established Regency communities, growing steadily since 2012, and it’s built around a genuine centerpiece: a seven-acre nature reserve, tree-lined boulevards, fountains and waterfalls, and a community park made for kids and grandkids. The neighborhood also uses roundabouts throughout the streets to keep traffic calm and the community safer, which is part of why families have kept choosing it year after year.
It also sits in the sought-after Gretna School District, the single biggest reason families build in this part of the metro. Falling Waters is home to Regency’s Gretna model home and sales center, so it’s the easiest of our Gretna communities to walk through in person before you decide on a floor plan.
Why Families Build in Falling Waters
The setting is the first thing people notice. The seven-acre nature reserve and the community park anchor the neighborhood, the boulevards are tree-lined, and the roundabout street design keeps things quiet and safe for kids on bikes. The lots are oversized, with many 82 feet wide, which gives you more room between homes than most new construction offers this close to Omaha.
The location does the rest. Highway 6/31 (204th Street) is a couple of blocks away, which puts West Dodge, the 180th & Center shopping mile, I-80, and Nebraska Crossing Outlets all within a quick drive. The Gretna water park and pool, the YMCA, and Gretna Crossing Park are minutes away, and Chalco Hills Recreation Area and Lake Zorinsky, with fishing and more than seven miles of trails, are close by for weekends.
Then there are the schools. Falling Waters is in the Gretna School District, which serves about 6,788 students across 11 schools and ranks in the top 10% of Nebraska public schools, with a 98% graduation rate. Families with younger children can walk them to school along the neighborhood’s tree-lined boulevard. You can read more about the area on our Gretna community page.
Location: Near 198th & Harrison Street, Gretna NE School District: Gretna Model Home & Sales Center: 6702 S 200th Avenue, Omaha NE 68135 — models shown include Sandlewood 1756, Edison 2596, Crescent 1644, and Hamilton 1550. Open Thurs–Mon, Noon–5pm. Contact Diane Davis, 402-207-9137. Lot availability: Changes regularly. Use the Download Lot List tool or call 402-256-5727 for current phases and open lots.
What Regency Builds in Falling Waters
Falling Waters is a Regency Homes community, which means you start with a plan from one of our three collections, then make it yours before we break ground.
The Trilogy Collection is our semi-custom line and the most popular choice in Falling Waters. You pick a floor plan, then adjust layouts, add or remove rooms within limits, and work through thousands of finish selections (cabinetry, countertops, flooring, fixtures) from vendor showrooms. Floor plans start at 1,644 sq ft and go up from there, with ranch and two-story options. See the Trilogy Collection.
The Encore Collection starts in the low $400s and is built around a straightforward selection process, which suits buyers who want a clear, predictable path from contract to close. See the Encore Collection.
The Forever Collection is designed for single-level living: no steps, no stress. It’s a popular choice for buyers downsizing into a newer build. See the Forever Collection.
The Trilogy Collection is the most popular choice in Anchor View. It's our semi-custom line: you pick a floor plan, then adjust layouts, add or remove rooms within limits, and work through thousands of finish selections — cabinetry, countertops, flooring, fixtures — from vendor showrooms. Floor plans in the Trilogy Collection start at 1,644 sq ft and go up from there, with ranch and two-story options available.
The Encore Collection starts in the low $400s and is built around a straightforward selection process — good for buyers who want a clear, predictable path from contract to close.
The Forever Collection is designed for buyers who want single-level living — no steps, no stress. It's a popular choice for buyers downsizing into a newer build.
What Does It Cost to Build in Falling Waters?
Homes in Falling Waters range depending on the plan collection, lot position, and finish selections. Here’s a general frame of reference:
| Type | Starting Range | Notes |
|---|---|---|
| Encore Collection | Low $400s | Standard selections, efficient process |
| Trilogy Collection — Ranch | Mid $400s–$550s | Semi-custom, flexible floor plans |
| Trilogy Collection — Two Story | $500s–$600s+ | Larger sq footage, more bedrooms |
| Lake/view lot premium | Varies | Contact us for current lot pricing |
These are starting ranges. Actual pricing depends on lot selection, structural options, and finish upgrades. The fastest way to get a real number is the Online Pricing tool, a visit to the model home, or a call to 402-256-5727.
The Regency Building Process
Step 1 — Choose Your Lot and Plan. You’ll work with a New Home Counselor to select a lot in Falling Waters and choose a floor plan from our Trilogy, Encore, or Forever collections. Starting at the on-site model home makes this concrete: you’re standing in the quality level you’re buying. For Trilogy buyers, this is also where structural adjustments happen, before estimates are finalized.
Step 2 — Design Selections. Regency provides an extensive selection guide booklet that walks you through every finish decision. You’ll visit vendor showrooms to select cabinetry, countertops, flooring, fixtures, and more, with pre-construction meetings that keep you involved before the build starts.
Step 3 — Construction and Communication. Your dedicated construction superintendent manages the build on-site. You’ll have frequent contact with your New Home Counselor throughout, plus scheduled job site meetings so you can see progress firsthand.
Most Trilogy Collection homes run about 5–7 months from contract to closing under normal conditions. Your superintendent will give you a realistic schedule at kickoff, not an estimate that slips.
5 Questions to Ask Any New Home Builder in Gretna
1. Can I walk a finished home before I commit? At Falling Waters, yes: Regency’s Gretna model home and sales center is right in the neighborhood, open five days a week. If a builder can’t show you a finished product, you’re buying from renderings.
2. Who manages my build on-site, and how do I reach them? With Regency, you’re assigned a dedicated construction superintendent from groundbreaking to walk-through. They’re the person you call, and they answer.
3. Are design selections handled before or after I sign? At Regency, finish selections happen before construction starts, not as change orders after you’re committed. Changes mid-build cost more and cause delays at every builder, so handling them upfront protects you.
4. What’s actually included in the base price? Ask for an itemized spec sheet. Some builders advertise low base prices and upgrade everything. At Regency, the standard specs are clearly defined before you select upgrades.
5. How long has this builder been operating in this market? Regency has been building in the Omaha metro since 1961, over 6,000 homes across 60-plus years. In a market as competitive as Gretna, longevity and local track record matter when you’re choosing who to trust with a 5–7 month project.
About Gretna, NE
Gretna sits at the southwest corner of the Omaha metro, right where I-80 splits the distance between Omaha and Lincoln, and it’s one of the fastest-growing communities in the region. Nebraska Crossing, the outlet and lifestyle center off I-80, carries more than 80 retail brands and restaurants, and Eugene T. Mahoney State Park is a short drive down the interstate with hiking and biking trails, a treetop ropes course, an observation tower, indoor rock climbing, and seasonal sledding and ice skating.
The schools anchor the town’s appeal. Gretna Public Schools serves about 6,788 students across 11 schools and ranks in the top 10% of Nebraska public schools, with a 98% graduation rate. Combined with quick access to West Dodge and the interstate, it’s why families keep choosing Gretna over comparable suburbs. See our full Gretna home builder page for more on building in the area.
Zip Code: 68028 / Falling Waters area 68135 County: Sarpy Nearby: Omaha, Papillion
Gretna, NE
Frequently Asked Questions
Falling Waters is in the Gretna School District, which serves about 6,788 students across 11 schools and ranks in the top 10% of Nebraska public schools, with a 98% graduation rate.
Yes. Regency’s Gretna model home and sales center is right in Falling Waters at 6702 S 200th Avenue, open Thursday through Monday, Noon to 5pm. Contact Diane Davis at 402-207-9137.
Lot and home availability changes regularly. Check current availability at regencyhomesomaha.com/available-homes/ or call 402-256-5727.
Homes start in the low $400s for the Encore Collection and range into the $500s–$600s+ for Trilogy Collection two-story builds with upgrades. Lot premiums vary. Use the Online Pricing tool, visit the model home, or call for a current estimate.
Falling Waters has oversized lots, with many 82 feet wide, giving more room between homes than most new construction this close to Omaha.
Most Trilogy Collection builds run 5–7 months from contract to closing under normal conditions.
Areas We Serve
Bellevue | Bennington | Elkhorn | Gretna | Omaha | Papillion | Southwest Omaha
Over the years your family will build memory after memory in your new home.
Since 1961 Regency Homes has helped over 5000 Omaha families build their homes and neighborhoods. Our professional sale team and our in-house design and estimating team coupled with our experienced construction superintendents and trade contractor crews insure you of a high quality, long lasting home that is built to your needs and standards.
