Levy Code #1, Portland, OR 97239

Discover a rare opportunity to build your dream home in the prestigious Healy Heights neighborhood, nestled in the SW Hills of Portland and just moments from OHSU and downtown. This 0.29-acre sloped lot features a level area midway up, ideally situated to take in breathtaking views of Mount Hood and the Portland city skyline. Building lower along McDonald Terrace provides a seasonal filtered city view. You’ll enjoy convenient access to nearby green spaces like Healy Heights Park and Council Crest Park, both just a short distance away. The area is well-connected, making it easy to reach nearby amenities, transit, and nature trails. The lot is zoned R10 and includes constrained site and scenic resource overlays, with an elevation of approximately 930 feet. According to the seller, there is an existing sewer easement in Council Crest, which could significantly reduce hookup costs. Utilities are nearby, making future development more accessible. There is a lot of potential with this lot, as it’s surrounded by high-end homes valued between $1M and $3M, adding to its long-term appeal and investment opportunity. The seller previously explored the possibility of building a tri-plex or four-plex, and was informed that, due to Portland’s Residential Infill Project, this could potentially be allowed—creating even more possibilities for this exceptional piece of land. Buyer to perform their own due diligence regarding development potential, zoning regulations, overlays, and utility access. Priced to sell! The seller is motivated due to health-related circumstances—don’t miss this opportunity to build in one of Portland’s most desirable hillside communities!