Welcome home to this like new exceptional two-story home nestled on a quiet cul-de-sac in Waterloo's highly desirable Audubon neighborhood. Set on an impressive half-acre lot surrounded by mature trees, this beautifully cared-for, one-owner home offers nearly 3, 700 square feet of living space with five to six bedrooms, five bathrooms, and room for everyone. The welcoming main floor features a wonderful mix of formal and everyday living spaces, including a spacious living room, formal dining room, cozy great room, and a well-designed kitchen complete with ceramic tile flooring, abundant cabinetry, and a generous walk-in pantry. A main-floor bedroom provides the perfect space for guests, a home office, or flex room. Step outside to the expansive wood deck overlooking the private backyard, where mature landscaping, an irrigation system, and plenty of green space create the perfect setting for entertaining or simply enjoying the outdoors. Upstairs, you'll find four spacious bedrooms including the primary suite, three bathrooms, and a conveniently located laundry room. Each bedroom boasts high quality custom built-ins. The primary suite features a walk in closet, an additional closet, and a private bathroom with dual vanities and a whirlpool tub. The finished lower level offers even more flexibility with additional living space, daylight windows, a full bathroom, and extensive built-in shelving ideal for a recreation room, media space, or extended guest quarters. Throughout the home you'll appreciate custom built-in cabinetry and bookshelves, high quality Andersen windows, whole-house surround sound, and thoughtful features including a radon mitigation system, water softener, and sump pump with battery backup. Major improvements including a new roof, HVAC system, water heater, driveway, and carpet providing peace of mind for years to come. Combining generous living spaces, quality craftsmanship, and an outstanding location, 1920 Falcon Ridge is a truly exceptional place to call home. Schedule a showing today!