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  • Price cut: $10K (6/8)
    $540,000

    83715 Peninsula Rd, Fall Creek, OR 97438

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

    What's special

    Offering excellent end-of-the-road privacyHeavily wooded setting
    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.
    101 days
    |
    287
    |
    21
    |

    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: $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

        DateEventPrice
        6/8/2026Price change$540,000-1.8%
        Source: RMLS (OR) #556274766 Report a problem
        4/21/2026Listed for sale$550,000-8.3%
        Source: RMLS (OR) #556274766 Report a problem
        11/23/2025Listing removed$600,000
        Source: My State MLS #11556281 Report a problem
        8/27/2025Price change$600,000-12.4%
        Source: My State MLS #11556281 Report a problem
        8/25/2025Listed for sale$685,000
        Source: My State MLS #11556281 Report a problem

        Public tax history

        YearProperty taxesTax 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$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.
        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-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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