This subdivision is rockin! A serene community with rolling hills, wooded lots, walk-out lots, and ponds. You can even fish! We have it all! Falling Waters is located just 10 minutes to I-65 and centrally located between entertainment, dining, and shopping. This gated community is located in Porter County, right outside of Lake County. Porter County taxes. Stop and visit Falling Waters to view your next community to call home! Lake Michigan Water! NIPSCO Gas and REMC Electric.A back entrance and exit is operational.