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About this home
RARE RMB-ZONED DEVELOPMENT OPPORTUNITY IN THE HEART OF BEAVERTON!! Parcel 3 represents the final available offering in this highly desirable subdivision, with Parcels 1 and 2 already sold. Recently rezoned to Residential Mixed Use (RMB), this property offers exceptional flexibility for a variety of residential development options, including single-family homes, townhomes, duplexes, triplexes, cottage clusters, and other middle housing opportunities. Spanning over half an acre, the site has the potential for five or more buildable lots (buyer to verify), making it an attractive opportunity for builders, developers, and investors seeking a project in one of Beaverton's most sought-after growth corridors. One future lot already features installed curbs, sidewalks, and utility laterals, helping reduce development costs and timelines. Ideally located just minutes from Nike, Costco, Highway 26, Tanasbourne, major employers, shopping, dining, and everyday amenities. Development due diligence has been initiated, with city pre-application materials, plat maps, zoning information, and key municipal contacts available. Comprehensive builder's packet available upon request. Don't miss this chance to secure the last remaining parcel in a proven development opportunity with significant upside in a high-demand Beaverton location. Buyer to perform all due diligence and verify development potential with the City of Beaverton.
Five Oaks, located between Tualatin Hills Nature Park and the Nike World Headquarters campus, is a residential and commercial Beaverton neighborhood with wooded greenways and a network of cul-de-sacs. The neighborhood’s energy concentrates around the Cornell Road and 185th Avenue corridor, where everyday errands cluster beside wide sidewalks and steady commuter traffic. Nearby, the Patricia Reser Center for the Arts sets a cultural tone with performances and exhibitions. Local staples like BG Food Cartel and Ex Novo Brewing anchor casual meetups and post-work hangs. Housing leans toward late-20th-century subdivisions with mature trees, plus pockets of newer townhomes near major arterials. Trails and sports fields at nearby parks keep the landscape active without feeling busy.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
No designated view
Heating & cooling
No heating
No cooling
Exterior features
Four separate lots
Cleared and private parcel
Level land
Paved road access
Native soil
Home design
Mixed-use land
Unattached property
Construction
Land property (no structures)
Utilities
Electricity available
Natural gas available
Public sewer available
Water available
HOA & community
Zoned RMB
Financial info
No land lease
Other
Parcel number R2221110
Electricity and solar
View estimated energy costs and solar savings for this home
Zoned R5: Level buildable lot with laterals, curbs, sidewalks, driveway apron and street in and ready to build. Over 4,500 square feet, prime location and close to Nike, Costco, Tanasbourne, Highway 26. Short distance to Tualatin Hills Park & Rec District and Elmonica Elementary School.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Lot width
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Washington County
APN
Not Found
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Feb 18, 2026.
RMB
Residential Mixed B District
The RMB District is intended to allow a mix of housing types, including detached and attached housing, at the third-highest number of units per acre of Beaverton's residential zones.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Communications tower
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
11 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Beaverton, OR • 97006
Average low and high temperatures (°F)
49
35
50
37
57
42
65
44
71
49
77
54
84
58
85
62
77
56
64
47
53
43
51
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Waterleaf
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $359,000 and $625,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $359K to $625K.