Welcome to a rare and versatile 16.35-acre parcel in a highly desirable location near downtown Portland and the Beaverton tech corridor. Zoned R10 and rich with possibilities, this property offers a unique blend of natural beauty, future development flexibility, and income-generating potential. A $20,000+ land use study and Early Assistance meeting with the City of Portland has already been completed (July 2024), and an appraisal by Appraisal Consulting Group was completed in January 2025, which shows the potential for a 24-lot subdivision. Water rights dating back to 1961 are included—allowing storage of up to 13,000 gallons for irrigation, livestock, and fire protection. The property features a functioning pond with water coming from an intermittent creek. An agricultural tax deferral is in place and transferable, potentially saving tens of thousands annually. Current usage includes a turnkey horse pasture rental setup with fencing, outbuildings, and equipment. The land includes over 100 mature holly trees and dozens of Western red cedars and Douglas firs—valuable for harvest, custom milling, or decor sales. Additional highlights include heirloom fruit trees, potential for a lot line adjustment or replat, direct road and walk-in access, and a peaceful setting in an area with long-term institutional neighbors like Touchmark. Early site planning indicates easier-than-expected tree removal and infrastructure layout for a future subdivision. This is an exceptional opportunity for a developer, investor, or buyer seeking a legacy property with flexible use, substantial natural resources, and strategic location. Buyer to perform all due diligence with the City of Portland. Schedule a Private Showing

Listing courtesy of RMLS / Cascade Hasson Sotheby's International Realty

Last checked: Checking… • Last updated Jun 30, 2025 • Source: RMLS

MLS# 168489637 — Report a problem