Welcome to this stunning Mediterranean-inspired custom home nestled on a beautifully landscaped nearly 1-acre lot in the heart of Happy Valley. Featuring timeless architectural details including a classic clay tile roof, elegant stucco exterior, and dramatic arched entry with stately columns, this home offers the charm and character of a European villa. Step inside to discover spacious living areas, soaring ceilings, and abundant natural light designed for both comfortable living and elegant entertaining. The floor plan offers multiple living spaces, generous bedrooms, and beautifully appointed bathrooms, providing plenty of room for family and guests. The home’s private setting surrounded by mature trees creates a peaceful retreat while still being conveniently located near shopping, dining, parks, and top-rated schools. With its distinctive Mediterranean architecture, expansive living space, and rare large lot, this property offers a unique opportunity to own one of Happy Valley’s most character-filled homes.
Active
$1,089,000
12989 SE Mountain Gate Rd, Happy Valley, OR 97086
4beds
4,275sqft
Est.:
Residential, Single Family Residence
Built in 2005
0.99 Acres Lot
$-- Zestimate®
$255/sqft
$-- HOA
What's special
Multiple living spacesExpansive living spaceRare large lotSoaring ceilingsBeautifully appointed bathroomsGenerous bedroomsAbundant natural light
- 12 hours |
- 257 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: 17 hours ago
Listed by:
Li Lanz li@lilanzproperties.com,
Li Lanz Properties, LLC
Source: RMLS (OR),MLS#: 348958203
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 4
Rooms
- Room types: Bedroom 4, Bonus Room, Laundry, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Double Sinks, Soaking Tub, Suite, Walkin Closet, Walkin Shower
- Level: Upper
- Area: 396
- Dimensions: 22 x 18
Bedroom 2
- Features: Suite, Walkin Closet
- Level: Main
- Area: 195
- Dimensions: 13 x 15
Bedroom 3
- Features: Bathroom
- Level: Main
- Area: 182
- Dimensions: 13 x 14
Bedroom 4
- Features: Bathroom, Laminate Flooring
- Level: Main
- Area: 170
- Dimensions: 17 x 10
Dining room
- Features: Wood Floors
- Level: Main
- Area: 210
- Dimensions: 15 x 14
Family room
- Features: Wood Floors
- Level: Main
- Area: 255
- Dimensions: 15 x 17
Kitchen
- Features: Dishwasher, Eating Area, Free Standing Refrigerator, Quartz, Wood Floors
- Level: Main
- Area: 180
- Width: 12
Living room
- Features: High Ceilings, Wood Floors
- Level: Main
- Area: 1050
- Dimensions: 30 x 35
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Refrigerator, Washer/Dryer, Gas Water Heater
- Laundry: Laundry Room
Features
- Central Vacuum, High Ceilings, Quartz, Bathroom, Suite, Walk-In Closet(s), Eat-in Kitchen, Double Vanity, Soaking Tub, Walkin Shower, Kitchen Island
- Flooring: Laminate, Wood
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 4,275
- Total interior livable area: 4,275 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, RV Access/Parking, Garage Door Opener, Attached
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Yard
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.99 Acres
- Dimensions: 43,124
- Features: Gated, Gentle Sloping, Wooded, SqFt 20000 to Acres1
Details
- Additional structures: RVParking, ToolShed
- Parcel number: 00126045
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Custom Style,Mediterranean
- Property subtype: Residential, Single Family Residence
Materials
- Cement Siding, Stucco
- Roof: Tile
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2005
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Happy Valley
Financial & listing details
- Price per square foot: $255/sqft
- Tax assessed value: $1,390,312
- Annual tax amount: $15,804
- Date on market: 4/5/2026
- Listing terms: Cash,Contract,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2025 | Price change | $1,089,000-4.4%$255/sqft |
Source:  OCMLS #24-2529 Report a problem | ||
| 9/22/2025 | Price change | $1,139,500-0.9%$267/sqft |
Source: OCMLS #24-2529 Report a problem | ||
| 5/26/2025 | Price change | $1,149,500-4.2%$269/sqft |
Source: OCMLS #24-2529 Report a problem | ||
| 4/23/2025 | Price change | $1,199,500-3.2%$281/sqft |
Source: OCMLS #24-2529 Report a problem | ||
| 12/6/2024 | Listed for sale | $1,239,000+59.9%$290/sqft |
Source: OCMLS #24-2529 Report a problem | ||
| 1/5/2024 | Sold | $775,000+47.6%$181/sqft |
Source:  RMLS (OR) #23534416 Report a problem | ||
| 12/22/2023 | Pending sale | $525,000$123/sqft |
Source: RMLS (OR) #23534416 Report a problem | ||
| 12/19/2023 | Listed for sale | $525,000$123/sqft |
Source: RMLS (OR) #23534416 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,804 +3.7% | $805,793 +3% |
| 2024 | $15,245 -2.2% | $782,324 +3% |
| 2023 | $15,590 +11.2% | $759,538 +3% |
| 2022 | $14,024 +3.8% | $737,416 +3% |
| 2021 | $13,511 +3.8% | $715,938 +3% |
| 2020 | $13,020 +1.1% | $695,086 +3% |
| 2019 | $12,879 +13.9% | $674,841 +3% |
| 2018 | $11,306 | $655,185 +3% |
| 2017 | $11,306 +7.2% | $636,102 +3% |
| 2016 | $10,545 | $617,575 +3% |
| 2015 | $10,545 +3% | $599,587 +3% |
| 2014 | $10,241 +9.3% | $582,123 +3% |
| 2013 | $9,371 +3.3% | $565,168 +3% |
| 2012 | $9,073 -2.6% | $548,707 +2.6% |
| 2011 | $9,319 +5.8% | $535,015 +3% |
| 2010 | $8,805 +3.1% | $519,432 +3% |
| 2009 | $8,542 +6.5% | $504,303 +3% |
| 2008 | $8,023 +122.9% | $489,615 +124.7% |
| 2007 | $3,599 +131.9% | $217,856 +114.4% |
| 2006 | $1,552 +15% | $101,629 +12.6% |
| 2005 | $1,349 +3% | $90,222 +3% |
| 2004 | $1,309 +1.9% | $87,594 +3% |
| 2003 | $1,284 +3.8% | $85,043 +3% |
| 2002 | $1,237 +32.3% | $82,566 +33.8% |
| 2001 | $935 +2% | $61,712 +3% |
| 2000 | $917 | $59,915 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,152/mo
Principal & interest
$5399
Property taxes
$753
More affordability tools
Climate risks
Neighborhood: 97086
Nearby schools
GreatSchools rating
- 6/10Happy Valley Elementary SchoolGrades: K-5Distance: 0.9 mi
- 4/10Happy Valley Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Adrienne C. Nelson High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Spring Mountain
- Middle: Rock Creek
- High: Clackamas
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 97086
- Oregon
- Clackamas County
- Happy Valley
- 97086
- 12989 SE Mountain Gate Rd
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