Historic 1925 Farmhouse on 40 Organic Acres with Water Rights & Two Large Greenhouses Step into a one-of-a-kind opportunity to own 40 certified organic acres with valuable water rights, ideal for sustainable farming, homesteading, or simply enjoying wide-open space. This charming farmhouse features 2 possibly, 3 bedrooms, 2 full baths with clawfoot tubs, and original hardwood floors that showcase its timeless character. This beloved farm offers the perfect blend of historic charm and everyday comfort. The property includes two large greenhouses, barn and the acreage provides fertile ground for crops, orchards, or livestock. With secure water rights in place, you’ll have reliable access to irrigation to support your agricultural or gardening goals. Whether you're building your dream farm or retreating to a more grounded way of life, this property offers unmatched potential in a serene, natural setting. or simply enjoying wide-open space and Fall Creek Reservoir just minutes away! Tax ID 1446382 and 0875490 are combined for total acreage, buyer to do own due diligence.
For sale
Listed by:
LESLIE NICHOLAS Cell:503-930-1926,
Berkshire Hathaway Homeservices Northwest Real Estate
$999,950
83015 Peninsula Rd, Fall Creek, OR 97438
2beds
1,456sqft
Est.:
Single Family Residence
Built in 1925
43.44 Acres Lot
$-- Zestimate®
$687/sqft
$-- HOA
What's special
Charming farmhouseFertile ground for cropsCertified organic acresOriginal hardwood floorsTwo large greenhouses
- 120 days |
- 643 |
- 29 |
Zillow last checked: 8 hours ago
Listing updated: October 02, 2025 at 02:22pm
Listed by:
LESLIE NICHOLAS Cell:503-930-1926,
Berkshire Hathaway Homeservices Northwest Real Estate
Source: WVMLS,MLS#: 833468
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Upper
Dining room
- Features: Area (Combination)
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric, Forced Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Microwave, Range Included, Electric Water Heater
- Laundry: Main Level
Features
- Loft
- Flooring: Wood, Laminate
- Has fireplace: Yes
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 1,456
- Total interior livable area: 1,456 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Garage spaces: 2
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Deck, Deck
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 43.44 Acres
- Features: Landscaped
Details
- Additional structures: Barn(s), See Remarks, Shed(s), RV/Boat Storage
- Parcel number: 191516000010000001
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cedar, Wood Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 1/Main
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Fall Creek
Financial & listing details
- Price per square foot: $687/sqft
- Tax assessed value: $143,415
- Annual tax amount: $1,090
- Price range: $1M - $1M
- Date on market: 9/9/2025
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Has irrigation water rights: Yes
Estimated market value
Not available
Estimated sales range
Not available
$2,227/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2025 | Price change | $999,950+17.6%$687/sqft |
Source:  WVMLS #833468 Report a problem | ||
| 9/8/2025 | Price change | $850,000-15%$584/sqft |
Source:  RMLS (OR) #315921750 Report a problem | ||
| 8/16/2025 | Listed for sale | $999,9500%$687/sqft |
Source: RMLS (OR) #315921750 Report a problem | ||
| 4/3/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/28/2021 | Listed for sale | $1,000,000-13%$687/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | $887 | $73,465 |
| 2017 | $887 +18.9% | $73,465 +3.2% |
| 2016 | $746 | $71,173 +2.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,698/mo
Principal & interest
$4690
Property taxes
$658
Home insurance
$350
Climate risks
Neighborhood: 97438
Nearby schools
GreatSchools rating
- 7/10Lundy Elementary SchoolGrades: K-6Distance: 4.4 mi
- 4/10Lowell Junior/Senior High SchoolGrades: 7-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Lundy
- Middle: Lowell
- High: Lowell
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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