Search
Approved Homesite with Water Rights
For Sale
$700,000

1-0 Sw River Rd, Hillsboro, OR 97123

Two-level acres with an approved M49 homesite and water rights, positioned for a new build near Hillsboro.

Property SizeContact for details
Lot Size12.40 Acres
Days on Market69

Property Features for 1-0 Sw River Rd

General Information

Standard status Active
Lot size 12.40 Acres
Property subtype Land

Additional Details

Water Rights Yes
Listing Agency: eXp Realty, LLC
Listed By: Anne Marie Faulkner PC
Source: Exprealty
Added: Jun 5 Changed: Aug 8 Last Checked: Aug 8 at 3:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

Investment Insights

Based on property information with market context.

This offering includes a designated two-acre build area described as the northerly/eastern portion of a larger parcel. The site is presented as an approved M49 homesite, intended for a residential build, with water rights included for the overall property. The primary home is not included in the sale, and the buyer will need to partition off the two acres. For identification purposes, the two-acre portion is being referred to as “lot 2,” and property tax plus final legal description details are noted as to be determined, with buyer due diligence required.

The property is located at SW River Rd and is described as approximately five minutes from Hillsboro. The larger parcel is characterized in the public remarks as having a history as a horse farm, including an outdoor arena and horsebarn on the primary homesite, along with past events hosted on-site. Access for viewings is appointment only, and additional details on the M49 approval documents and builder’s folio are available through the listing agent.

For buyers looking to develop a residential homesite within the approved M49 framework, this parcel offers a clearly identified two-acre build area paired with water rights. The need to partition and confirm tax lot/legal description information should be accounted for early in the process, along with review of the approval documentation provided by the seller.

Key Highlights

  • 2 acres with an approved M49 homesite, ready to partition and build a new home
  • 12.4‑acre parcel includes water rights
  • Positioned for a new build about 5 minutes from Hillsboro

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store HVAC Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Water rights

Location Intelligence

Trade Area within ½ mile

461
Businesses Nearby

Demographics for 97123, OR

48,369
Population
17,685
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
87%
High-School Grad
55.7 sq mi
ZIP Area
868
Density / Sq Mi
$105,999
Median Household Income
$50,578
Median Earnings
$1,814
Median Rent
$489,100
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two-level acres with an approved M49 homesite and water rights, positioned for a new build near Hillsboro.
Where is this residential land & home lot located?
The property is located at 1-0 Sw River Rd Hillsboro, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2 acres with an approved M49 homesite, ready to partition and build a new home; 12.4‑acre parcel includes water rights; Positioned for a new build about 5 minutes from Hillsboro
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message