Property Description

Welcome to a rare and versatile 16.35-acre parcel in a highly desirable location near downtown Portland and the Beaverton tech corridor. Please do not drive to the home at 100 NW Tuality Way-access to the property is from the north side via NW 83rd Pl. Showings are by appointment only; Zoned R10 and rich with possibilities, this property offers a unique blend of natural beauty, future development flexibility, and income-generating potential. A $20,000+ land use study and Early Assistance meeting with the City of Portland was completed in July 2024, and an appraisal by Appraisal Consulting Group followed in January 2025, showing the potential for a 24-lot subdivision. The property is offered for sale below the appraised value, making this an outstanding opportunity. Water rights dating back to 1961 are included-allowing storage of up to 13,000 gallons for irrigation, livestock, and fire protection. The property features a functioning pond fed by an intermittent creek. An agricultural tax deferral is in place and transferable, potentially saving tens of thousands annually. Current usage includes a turnkey horse pasture rental setup with fencing, outbuildings, and equipment. The land includes over 100 mature holly trees and dozens of Western red cedars and Douglas firs-valuable for harvest, custom milling, or d?cor sales. Additional highlights include heirloom fruit trees, potential for a lot line adjustment or replat, direct road and walk-in access, and a peaceful setting in an area with long-term institutional neighbors like Touchmark. Early site planning indicates easier-than-expected tree removal and infrastructure layout for a future subdivision. This is an exceptional opportunity for a developer, investor, or buyer seeking a legacy property with flexible use, substantial natural resources, and strategic location. Buyer to perform all due diligence with the City of Portland.