On the northwest slopes of Rabun Bald, an unnamed tributary of Mud Creek forms an impressive 50-foot waterfall. Known as Rabun Bald Falls, this waterfall sits off-trail in a lush, rainforest-like setting near Sky Valley. Aside from some deadfall at the base, it is especially nice in wet weather. Rabun Bald Falls can be accessed by a steep 0.3-mile bushwhack through mainly open woods from Forest Road 413, which is part of the trail system from Beegum Gap leading to the summit of Rabun Bald. 

For detailed directions, see page 389 in Mark Ozboyd's "Waterfalls of Georgia" guidebook.