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  • $525,000

    83715 Peninsula Rd, Fall Creek, OR 97438

    --beds
    0baths
    29Acres
    Unimproved Land
    Built in ----
    29 Acres Lot
    $292,500 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Offering excellent end-of-the-road privacyHeavily wooded setting
    PRICE IMPROVEMENT! This unique 29-acre hilltop property sits directly above the Fall Creek Reservoir, offering excellent end-of-the-road privacy in a heavily wooded setting. While the property currently provides a secluded forest environment, selective tree clearing on the hillside would open up incredible views of the reservoir below.Unlike completely raw land, this parcel features extensive, high-value infrastructure that is already installed and operational. The site includes a highly productive 25 GPM (gallons per minute) well complete with a pump house, an on-site 200-amp electrical power service panel, and a pre-existing septic tank already in place. Having these utilities established significantly reduces upfront development costs, shortens your construction timeline, and simplifies the county permitting process.The property features a mix of RR5 and F2 zoning, offering flexibility for several potential build sites, including manufactured homes. Located just minutes from the Winberry Creek boat ramp, the acreage also includes a functional tiny log cabin and a heavy-duty storage container for immediate utility or staging. This is a rare, utility-ready acreage setup located just 20 minutes from Lowell and 40 minutes from Eugene.
    213 days
    49
    9

    Zillow last checked:

    Listing updated:

    Listed by:

    Elizabeth Kellogg ICON@TheICONREGroup.com,

    ICON Real Estate Group

    Source: RMLS (OR),MLS#: 556274766MLS Logo

      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: $114,823
      • 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

        $292,500

        $222,000 - $377,000

        Not available

        Price history

        DateEventPrice
        10/5/2026Listed for sale$525,000-2.8%
        Source: RMLS (OR) #556274766 Report a problem
        9/8/2026Listing removed$540,000
        Source: RMLS (OR) #556274766 Report a problem
        6/8/2026Price change$540,000-1.8%
        Source: RMLS (OR) #556274766 Report a problem
        4/21/2026Listed for sale$550,000
        Source: RMLS (OR) #556274766 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$95 +9.5%$1,893 +3%
        2024$87 +3.3%$1,838 +3%
        2023$84 +2.7%$1,784 +3%
        2022$82 +0.5%$1,732 +3%
        2021$82 +0.6%$1,682 +3%
        2020$81 +0.8%$1,633 +3%
        2019$81 $1,585
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 97438

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        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.

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