Calling all Farmers, Dreamers, and River Lovers: Amazing working farm located ON the Willamette River with 211+ acres of the most beautiful soil ever imagined! This is the first time in decades that this property, part of the historic Joseph Gervais Donation Land Claim, has come for sale! 3 Tax Lots included with a nice 2,191 SF ranch-style farmhouse, multiple outbuildings, and an absolutely classic Red 3-story barn (apx, 75 X 50)! 15 acres is a mature producing filbert orchard, about 154+ acres of beautifully tilled soil for any crop you can imagine. Hops farms, filberts, and row crops in the area are flourishing! Awesome Chehalem, Newberg, and McBee soils deposited by the Missoula Floods make this one of the most productive agricultural areas in the world. Water Rights, you ask? YES- 2 wells known to produce 600 & 700 GPM (buyer to verify) have historical water rights, and other surface rights have been granted as well. This is a real big-time farm property! Agrotourism and Agritainment options abound as well, and the Wheatland Ferry and Willamette Mission State Park are just a couple of parcels away. To top this all off, the incomparable Willamette River fronts the farm with a unique peninsula and inland waterway that offers fishing, camping, boating, and unlimited private recreation. There is too much to list here- so please call the Broker for a marketing packet on this one-of-a-kind offering! All offers are subject to the Trustee's approval and the buyer's financial qualifications. 1/2 of all mineral rights will be retained by the seller.
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Earn from this home
Sell
$131,825
Est. take-home
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Market trends in 97026, OR
Last updated July 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
99.9%
+0.7% MoM
Median sale price
$432K
$13K MoM
Avg. days on market
80d
1 days MoM
Recently sold homes
22
9 MoM
Provided by Redfin
Sale history for 1491 Matheny Rd
Date
Event
Price
WVMLS #812204
Sep 12, 2025
Sold
$2,500,000
$1,141/sq ft
Sep 12, 2025
Sold
$2,500,000
$1,141/sq ft
Apr 23, 2025
Price Changed
$2,890,000
$1,319/sq ft
Feb 25, 2025
Relisted
—
Sep 18, 2024
Price Changed
$3,149,000
$1,437/sq ft
Apr 18, 2024
Price Changed
$3,290,000
$1,502/sq ft
Jan 25, 2024
Price Changed
$3,490,000
$1,593/sq ft
Jan 2, 2024
Listed
$3,690,000
$1,684/sq ft
Jan 2, 2024
Listed
$2,890,000
$1,319/sq ft
+11
Amazing working farm located ON the Willamette River with 211+ acres of the most beautiful soil ever imagined! This is the first time in decades that this property, part of the historic Joseph Gervais Donation Land Claim, has come for sale! 3 Tax Lots included with a nice 1,791 SF ranch-style farmhouse, multiple outbuildings, and an absolutely classic Red 3-story barn (apx, 75 X 50)! 15 acres is a mature producing filbert orchard, about 154+tilled. 126 Acres Water Rights!
RMLS #23248620
Sep 12, 2025
Sold
$2,500,000
$1,141/sq ft
Jul 24, 2025
Pending
—
Apr 14, 2025
Price Changed
$2,899,000
$1,323/sq ft
Feb 6, 2025
Relisted
—
Feb 6, 2025
Price Changed
$3,050,000
$1,392/sq ft
Oct 31, 2024
Pending
—
Sep 18, 2024
Price Changed
$3,149,000
$1,437/sq ft
Aug 27, 2024
Price Changed
$3,149,500
$1,437/sq ft
Aug 27, 2024
Price Changed
$3,150,000
$1,438/sq ft
Apr 18, 2024
Price Changed
$3,290,000
$1,502/sq ft
Jan 25, 2024
Price Changed
$3,490,000
$1,593/sq ft
Jan 2, 2024
Listed
$3,690,000
$1,684/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,966 (+2.9%)
2024
$5,801 (+26.5%)
2023
$4,584 (+2.5%)
2022
$4,473 (+2.8%)
2021
$4,350 (+2.9%)
2020
$4,227 (+18.8%)
2019
$3,557
Tax history for 1491 Matheny Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,966 (+2.9%)
2024
$5,801 (+26.5%)
2023
$4,584 (+2.5%)
2022
$4,473 (+2.8%)
2021
$4,350 (+2.9%)
2020
$4,227 (+18.8%)
2019
$3,557
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
140.57 Acres
Year renovated
1979
Sq. Ft.
1,711
Year built
1945
Style
Other
County
Marion County
APN
515424
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 24, 2026.
EFU
Exclusive Farm Use District
The purpose of the EFU exclusive farm use zone is to provide areas for continued practice of commercial agriculture. It is intended to be applied in those areas composed of tracts that are predominantly high-value farm soils as defined in OAR 660-033-0020(8). These areas are generally well suited for large-scale farming. It is also applied to small inclusions of tracts composed predominantly of non-high-value farm soils to avoid potential conflicts between commercial farming activities and the wider range of non-farm uses otherwise allowed on non-high-value farmland. Moreover, to provide the needed protection within cohesive areas it is sometimes necessary to include incidental land unsuitable for farming and some pre-existing residential acreage.; To encourage large-scale farm operations the EFU zone consolidates contiguous lands in the same ownership when required by a land use decision. It is not the intent in the EFU zone to create, through land divisions, small-scale farms. There are sufficient small parcels in the zone to accommodate those small-scale farm operations that require high-value farm soils. Subdivisions and planned developments are not consistent with the purpose of this zone and are prohibited.; To minimize impacts from potentially conflicting uses it is necessary to apply to non-farm uses the criteria and standards in OAR 660-033-0130 and in some cases more restrictive criteria are applied to ensure that adverse impacts are not created.; The EFU zone is also intended to allow other uses that are compatible with agricultural activities, to protect forests, scenic resources and fish and wildlife habitat, and to maintain and improve the quality of air, water and land resources of the county.
Permitted uses
Include but are not limited to:
Agriculture
Mar 20, 2024 • Final
Commercial electrical
Install a new electrical service and branch circuit to replace a pump service.
Electrical
Aug 6, 2019 • Final
Residential electrical
Perform a kitchen remodel.
Electrical
Kitchen
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.