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
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
- 101 days |
- 287 |
- 21 |
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 |
|---|---|---|
| 6/8/2026 | Price change | $540,000-1.8% |
Source: | ||
| 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$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-DependentNearby schools
GreatSchools rating
- 7/10Lundy Elementary SchoolGrades: K-6Distance: 3.3 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




