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.
Active
$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
- 213 days
- 49
- 9
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: $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
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Listed for sale | $525,000-2.8% |
Source: | ||
| 9/8/2026 | Listing removed | $540,000 |
Source: | ||
| 6/8/2026 | Price change | $540,000-1.8% |
Source: | ||
| 4/21/2026 | Listed for sale | $550,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
Climate risks
Neighborhood: 97438
Nearby schools
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.



