Exceptional opportunity to acquire approximately 46.43 acres in desirable Happy Valley! This expansive, wooded property offers a beautiful natural setting, mature trees, varied topography, and significant potential for builders, developers, and long-term land investors. Zoned R20, the property provides an opportunity to explore future residential development possibilities in an established and growing community. Large acreage offerings of this scale are increasingly rare within the Portland metropolitan area. Conveniently located near shopping, dining, schools, and major transportation routes. Buyer to perform due diligence regarding development feasibility, zoning, utilities, access, topography, environmental considerations, and permitted uses.
Active
$7,200,000
16581 SE Hagen Rd, Happy Valley, OR 97086
--beds
0baths
46.43Acres
Unimproved Land, Single Family Residence
Built in ----
46.43 Acres Lot
$976,600 Zestimate®
$--/sqft
$-- HOA
What's special
Expansive wooded propertyMature treesVaried topographyBeautiful natural setting
- 1 day
- 106
- 12
Zillow last checked:
Listing updated:
Listed by:
Nancy Kelly 503-805-5887,
Harcourts Real Estate Network Group,
Marissa Kelly 971-322-3645,
Harcourts Real Estate Network Group
Source: RMLS (OR),MLS#: 423541420
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: Mountain(s), Territorial, Trees/Woods
Lot
- Size: 46.43 Acres
- Features: Merchantable Timber, Private, Seasonal, Trees, Wooded, Sloped, Acres 20 to 50
Details
- Parcel number: 00138283
- Zoning: R20
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Happy Valley
Financial & listing details
- Tax assessed value: $1,085,670
- Annual tax amount: $479
- Date on market: 10/12/2026
- Listing terms: Cash
- Road surface type: Paved
Estimated market value
$976,600
$850,000 - $1.11M
$3,001/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $7,200,000 |
Source:  RMLS (OR) #423541420 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,554 +3.7% | $487,116 +3% |
| 2024 | $9,216 +2.9% | $472,929 +3% |
| 2023 | $8,953 +5.6% | $459,155 +3% |
| 2022 | $8,477 +3.8% | $445,782 +3% |
| 2021 | $8,168 -32.6% | $432,799 +3% |
| 2020 | $12,120 +74.2% | $420,194 +15.2% |
| 2019 | $6,958 +13.9% | $364,600 +3% |
| 2018 | $6,108 | $353,981 +3% |
| 2017 | $6,108 +7.2% | $343,671 +3% |
| 2016 | $5,697 | $333,661 +3% |
| 2015 | $5,697 +3% | $323,943 +3% |
| 2014 | $5,533 +7% | $314,508 +3% |
| 2013 | $5,169 +2.4% | $305,348 +3% |
| 2012 | $5,046 +1% | $296,454 +3% |
| 2011 | $4,996 +6% | $287,819 +3% |
| 2010 | $4,712 +3.1% | $279,436 +3% |
| 2009 | $4,572 +6.5% | $271,297 +3% |
| 2008 | $4,295 +16.9% | $263,395 +3% |
| 2007 | $3,674 +13% | $255,723 +3% |
| 2006 | $3,251 +1.6% | $248,275 +3% |
| 2005 | $3,200 +3.1% | $241,044 +3% |
| 2004 | $3,103 +1.9% | $234,023 +3% |
| 2003 | $3,044 +3.4% | $227,207 +3% |
| 2002 | $2,945 +2% | $220,589 +3% |
| 2001 | $2,886 +3.2% | $214,164 +3% |
| 2000 | $2,798 | $207,926 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 97086
Nearby schools
Schools provided by the listing agent
- Elementary: Scouters Mtn
- Middle: Happy Valley
- High: Adrienne Nelson
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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