Discover an exceptional opportunity to build your dream getaway or full-time residence on this private 30 acre hilltop parcel perched above Fall Creek Reservoir. Tucked away, this property offers outstanding privacy and endless potential to create a one-of-a-kind retreat with room to roam. Improvements already in place include a strong 25 GPM well w/new pump, pressure tank and pump house, 200 amp panel on site and an installed septic system (buyer to verify intended uses with Lane County). The only structures on the property are a storage container and tiny log cabin, both in great condition. Whether you envision a custom home, recreational escape, or multi-generational gathering place, this property provides the foundation to bring your vision to life. Located approximately 40 minutes from the Eugene/Springfield metro area and just 20 minutes to the charming lakeside town of Lowell, you’ll enjoy peaceful seclusion without sacrificing access to everyday conveniences. Situated at the western base of the Cascade Range, this area is a true outdoor enthusiast’s paradise. Multiple lakes — including Fall Creek Reservoir — are within easy reach, with the nearest boat ramp just minutes away. Nearby rivers and creeks offer whitewater recreation and excellent fishing, while the surrounding mountains provide opportunities for mountain biking, winter sports, hunting, and year-round adventure. Rarely does a property combine privacy, infrastructure, views, and recreational access in one compelling package. Don’t miss this exceptional opportunity.
Active
$550,000
83715 Peninsula Rd, Fall Creek, OR 97438
--beds
0baths
29Acres
Unimproved Land
Built in ----
29 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Outstanding privacy
- 1 day |
- 83 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Kellogg ICON@TheICONREGroup.com,
ICON Real Estate Group
Source: RMLS (OR),MLS#: 556274766
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Lake, Seasonal, Trees/Woods
- Has water view: Yes
- Water view: Lake
- Waterfront features: Seasonal
- Body of water: Fall Creek Resevoir
Lot
- Size: 29 Acres
- Features: Gated, Hilly, Seasonal, Trees, Wooded, Rolling Slope, Sloped, Acres 20 to 50
Details
- Additional structures: Shed
- Additional parcels included: 1265139
- Parcel number: 1088408
- Zoning: RR5/F2
Utilities & green energy
- Sewer: Standard Septic
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Fall Creek
Financial & listing details
- Tax assessed value: $101,792
- Annual tax amount: $95
- Date on market: 3/7/2026
- Listing terms: Call Listing Agent,Cash,Conventional,FHA,FMHA Loan,USDA Loan
- Road surface type: Dirt, Gravel
Estimated market value
Not available
Estimated sales range
Not available
$1,061/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Listed for sale | $550,000-8.3% |
Source: | ||
| 11/23/2025 | Listing removed | $600,000 |
Source: My State MLS #11556281 Report a problem | ||
| 8/27/2025 | Price change | $600,000-12.4% |
Source: My State MLS #11556281 Report a problem | ||
| 8/25/2025 | Listed for sale | $685,000 |
Source: My State MLS #11556281 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | $277 +246% | $22,979 +1438.1% |
| 2017 | $80 +61.8% | $1,494 -68.4% |
| 2016 | $50 | $4,725 +3% |
| 2015 | $50 +1.7% | $4,587 +3% |
| 2014 | $49 | $4,453 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 97438
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10Lundy Elementary SchoolGrades: K-6Distance: 3.2 mi
- 4/10Lowell Junior/Senior High SchoolGrades: 7-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Lundy
- Middle: Lowell
- High: Lowell
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Lane County
- Fall Creek
- 97438
- 83715 Peninsula Rd




