The estate was originally called Pebringegaard. It is first mentioned in 1372 when Clemend Senæ granted it to Antvorskov Abbey. It was later owned by the Hvass family. Niels Hvas is mentioned as the owner in 1404. It was later acquired by the crown. Lauritz Nielsen was lensmann from 1642. The main building was destroyed in a fire in 1648. In 1663, it was acquired by Jens Ebbesen, the bailiff of Antvorskov, but after a while reverted to the crown. In 1674, Christian V granted it to Henrik Thott. It later went to his daughter, Sophie Thott. In 1675, she gave it to Hans Carstensøn. It was then most likely reacquired by its former owner, Jens Ebbesen, since his widow in 1698 sold it to Frederik von Korff. In 1705, Frederik IV used a buy-Back Clause to reacquire the estate. In 1717, it was included in Antvorskov Cavalry District.
Georg Frederik Ditlev Koës and later owners
In 1774, Antvorskov and Pebringegaard was acquired by Georg Ditlev Frederik Köes. He renamed Pebringegaard Falkensteen after his wife, Anna Mathea Falck. Koës was originally from Preussia but had later moved to Copenhagen where he established a lottery.
19th century
In 1794, Koës chose to sell his Danish estates to Magnus von Dernath. In 1799, he sold Falkensteen to Constantin Brun, a wealthy merchant from Copenhagen. In 1806, Brun sold the estate to Adam Wilhelm Hauch and Marcus Frederik Voigt. : The owner from 1812 to 1842 In 1809 it was acquired by Marcus Bech. In 1811, he sold it to professor of law at the University of CopenhagenJohan Frederik Vilhelm Schlegel who next year ceded it to Ludvig Manthey in exchange for Søllerødgaard in Søllerød north of Copenhagen. Manthey had recently given up his positions as director of the Royal Porcelain Manufactory and manager of Ørholm and Brede Works. He kept the estate until his death in 1842 and was buried in the local Gerlev Cemetery. Falkensteen was then acquired by Lars Trolle, who in 1846 ceded it to Peter Adolf Henrik Stampe. In 1852, Falkensteen was acquired by Jacob Jacobsen.
20th and 21st centuries
In 1897, Jacobsen's heirs sold Falkensteen to Frederik Wilhelm Treschow. Treschow sold it when he inherited Brahesborg on Funen after his father in 1811. The new owner was Carl A. N. Lawaetz. The estate has since then remained in the hands of the Lawaetz family.
Architecture
The main building is from 1775 and was built with brick from Antvorskov Abbey. The rather unassuming, single-storey building is 11 bays long and has a hippedredtile roof. The facade features a median risalit tipped by a triangular pediment.