BEAUTIFULLY REMODELED HOME WITH R5 ZONING & DEVELOPMENT POTENTIAL! Discover a rare opportunity in the heart of Redmond! This completely remodeled home offers 2,099 sq. ft. of updated living space on a generous . 28-acre lot zoned R5 High-Density Residential. Enjoy the comfort of a move-in-ready home while investing in a property with exciting future possibilities! Ideal for homeowners, investors, and developers, R5 zoning offers potential for additional residential units, multifamily development, or expanded rental income, subject to city approval. Conveniently located near downtown Redmond, Lynch Elementary, Obsidian Middle School, shopping, dining, parks, and schools. Over 1700 sq ft garage with 7 parking spaces. Indoor heated pool with a game room loft for family fun, swim lesson business, or short term rental potential. Part of the home previously a hair salon, easy to convert back. Add an ADU to expand your income. Move in today and explore the possibilities for tomorrow!
To provide high density residential neighborhoods with an emphasis on multi-family development, middle housing, and smaller lot single family developments. Limited commercial uses such as offices are also conditionally permitted where compatible with surrounding development.
Permitted uses
Include but are not limited to:
Livestock production
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Public service
Park & open space
Jun 6, 2025 • Final
Residential mechanical
Install a wood burning insert and a flue liner into a masonry fireplace in the living room.
Remodel
Dec 26, 2023 • Final
Residential electrical
Replace the electrical service.
Electrical
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
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
3/10 Heat Factor
6 days above 92° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
22 unhealthy days expected this year, 25 days in 30 years
Provided by First Street
Historical weather
Redmond, OR • 97756
Average low and high temperatures (°F)
44
27
47
27
57
34
62
34
71
41
79
47
87
54
85
54
80
48
63
36
52
33
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.9 hours in
June and 2.3 hours in December, which is comparable to the
U.S. average for solar exposure.
10.9 hrs
2.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1040 SW 15th St
$523,884
$5,116 under list price of $529K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $530K.