There are three waterfalls close. The closest one to Valley Head would be Desoto, Little River Canyon Falls is right on Highway 35 at the start of the canyon. Further down is Martha's Falls. Further west toward Guntersville is High Falls.
Where you there in earlier years to see the historic Mentone Hotel? Such a fascinating, grand old building with its heart pine construction. The pitch laden wood was ultimately it's demise, when a fire broke out they couldn't contain it. The hotel and annex behind it went up rapidly.