Specialties Monterra Townhomes offers 2 & 3 bedroom townhomes. Each home offers over 1,300 sqft of living space, your own 2 car attached garage, a private patio and much much more! Enjoy carefree living with outside lawn care, pest control and a 24 hr maintenance guarantee. Leasing staff is on site 7 days a week for your convenience, as well. That means more free time to enjoy our sparkling pool and spa, 24 hr fitness center, playground and more. Call today to schedule your private tour. History Established in 1994 Monterra Townhomes, formerly Falcon Valley Townhomes, completed construction in 1994. HSC Real Estate, now Riverstone Residential Group, began management of this community in 2005. Shortly thereafter, a remodel of the clubhouse, fitness center, pool area and updates to the townhomes were completed in 2006.