For smaller areas, front yards, commercial properties, where liability is a concern, or for someone who wants the look and sound of a waterfall or stream without the pond attached, This is also a safer alternative with small children. We can create a pondless waterfall. We still construct a natural rock waterfall with or without a stream to your specs. At the end of the falls or stream, the water simply disappears into a bed of gravel or decorative pebbles.. These water features can usually be installed at a lower price than a pond.