Unique Development Opportunity Near Downtown Portland – Level Lot with Sweeping City & Mountain Views Located just one mile southwest of downtown Portland, this exceptional level lot offers sweeping panoramic views of the city skyline and surrounding mountains, providing a stunning backdrop for a custom home or boutique development. Unlike the two adjacent lots across the currently undeveloped street—nestled in a natural, forested setting—this parcel boasts open vistas while still being minutes from the vibrant urban core. Zoned R5 with a Cz environmental overlay, the lot encourages thoughtful, environmentally sensitive design. Its gentle slope and open exposure make it ideal for a multi-level home that maximizes light, privacy, and breathtaking views. Whether you envision a modern architectural masterpiece or a warm Northwest contemporary, this site provides a remarkable canvas for creative building. Conveniently close to downtown Portland, OHSU, PSU, and lively cultural districts, this location offers easy access to public transportation, parks, trails, and bike routes, balancing spectacular views with urban convenience. Buyers should note the Cz overlay and lot characteristics may require environmental and geotechnical review during permitting. The opportunity to build a distinctive home with iconic views in this rare location is truly exceptional. Two additional lots across the undeveloped street are also available separately, offering a contrasting natural, wooded setting for expanded development possibilities or multiple custom homes. Whether you’re a developer, builder, or future homeowner, this property delivers a rare combination of panoramic views, proximity, and potential. Opportunities like this are scarce—bring your vision and make it yours.
Vacant landProperty Type
5,227 sq ftLot Size
$38Price/Sq.Ft.
Listed by Peter Clark• Keller Williams Realty Portland Premiere
Listed by Alexander Clark• Keller Williams Realty Portland Premiere
Homestead, located between the Willamette River and Terwilliger Boulevard, is a residential and hillside Portland neighborhood with river-view slopes and wooded ravines. The neighborhood’s character concentrates around the South Waterfront Greenway and the Portland Aerial Tram landing, where bike paths, riverwalk promenades, and café patios set a steady, urban-outdoors rhythm. Contemporary mid-rises and newer condos line the flats, while winding streets climb into quieter pockets above. The South Waterfront Park blocks read as a linear front porch along the river. Oregon Health & Science University and the Center for Health & Healing anchor daily motion and a campus-like feel. Trails and viewpoints along Marquam Nature Park stitch the terrain together.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Raw land with city, mountain and territorial views
Heating & cooling
No heating
No cooling
Exterior features
Level lot
Road frontage on a dirt road
No existing structures
City, mountain and territorial views
Home design
Single-family residence zoning (land parcel)
Property listed as land
Construction
Parcel R129271
Utilities
Electricity available
Water available
Public sewer
Other
Zoning: R5 C,z
Electricity and solar
View estimated energy costs and solar savings for this home
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Zone overlays
Environmental Conservation Overlay Zone
Constrained Sites Overlay Zone
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Nov 6, 2014 • Final
Mechanical
Install a new gas line and a gas fireplace insert.
Gas
HVAC
Nov 18, 2013 • Final
Mechanical
Install a gas line for a tankless water heater.
Gas
Plumbing
Water heater
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.
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
10/10 Air Factor
19 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97239
Average low and high temperatures (°F)
47
37
49
38
56
43
64
45
70
50
77
54
83
59
82
61
75
58
61
49
52
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 25 SW Abernethy St N
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $345,000 and $615,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $345K to $615K.