Experience this modern, smart, and energy-efficient home packed with all the bells and whistles in desirable Happy Valley! Lightly lived-in, move-in-ready home features 1,564 sq ft, 3 beds, 2.5 baths, & 1-car garage. The gourmet kitchen features quartz counters, a custom tile backsplash, newer stainless-steel appliances, a spacious pantry, ample cabinetry, and an oversized island with a bar. Bright and open great room with a contemporary fireplace and designer luxury vinyl plank flooring throughout the main level. Spacious dining area perfect for entertaining. Upstairs, the primary suite boasts vaulted ceilings, a large walk-in closet, and a spa-like bathroom with double sinks, quartz counters, and a walk-in shower. Convenient upstairs laundry with custom built ins. Two additional bedrooms and a full bathroom complete the upper level. Low-maintenance fully fenced backyard with astroturf and plenty of space for gardening or outdoor gatherings. Upgrades include Solar panels, EV charger, entire home surge protected, plumbing leak detection sensors, upgraded electrical panel. & security camera system creating a perfect blend of luxury and efficiency. Enjoy a vibrant community lifestyle with low-cost HOA amenities that include a pool, clubhouse, private basketball courts, parks, and scenic walking paths. Perfect for recreation and relaxation. Experience it all. Located in a great area with excellent schools and close to a wide range of amenities. Convenient and desirable location—perfect for comfortable living.
Active
$449,900
12467 SE Water Drop Way, Happy Valley, OR 97086
3beds
1,564sqft
Est.:
Residential
Built in 2021
-- sqft lot
$-- Zestimate®
$288/sqft
$167/mo HOA
What's special
Solar panelsContemporary fireplaceLarge walk-in closetWalk-in showerGourmet kitchenNewer stainless-steel appliancesEv charger
- 136 days |
- 1,076 |
- 54 |
Zillow last checked: 7 hours ago
Listing updated: January 21, 2026 at 02:00am
Listed by:
Michele Montoya 503-453-7242,
MORE Realty
Source: RMLS (OR),MLS#: 503147306
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Laundry, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Double Sinks, Quartz, Suite, Vaulted Ceiling, Walkin Closet, Walkin Shower, Wallto Wall Carpet
- Level: Upper
- Area: 165
- Dimensions: 11 x 15
Bedroom 2
- Features: Closet, High Ceilings, Wallto Wall Carpet
- Level: Upper
- Area: 117
- Dimensions: 9 x 13
Bedroom 3
- Features: Closet, High Ceilings, Wallto Wall Carpet
- Level: Upper
- Area: 135
- Dimensions: 9 x 15
Dining room
- Features: Great Room, High Ceilings, Laminate Flooring
- Level: Main
- Area: 154
- Dimensions: 7 x 22
Kitchen
- Features: Dishwasher, Great Room, Island, Microwave, Pantry, Free Standing Range, Free Standing Refrigerator, High Ceilings, Laminate Flooring, Quartz
- Level: Main
- Area: 121
- Width: 11
Living room
- Features: Fireplace, Great Room, Sliding Doors, High Ceilings, Laminate Flooring
- Level: Main
- Area: 143
- Dimensions: 11 x 13
Heating
- Forced Air, Mini Split, Fireplace(s)
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s), Tankless Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, High Speed Internet, Quartz, Vaulted Ceiling(s), Built-in Features, Closet, Great Room, Kitchen Island, Pantry, Double Vanity, Suite, Walk-In Closet(s), Walkin Shower
- Flooring: Wall to Wall Carpet, Laminate
- Doors: Sliding Doors
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total structure area: 1,564
- Total interior livable area: 1,564 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway, On Street, Attached
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Garage On Main, Accessibility
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Porch
- Exterior features: Yard
- Fencing: Fenced
Lot
- Features: Level, Sprinkler, SqFt 0K to 2999
Details
- Parcel number: 05035864
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential
- Attached to another structure: Yes
Materials
- Cement Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2021
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy generation: Solar
Community & HOA
Community
- Security: Security System Owned
- Subdivision: Happy Valley
HOA
- Has HOA: Yes
- Amenities included: Basketball Court, Commons, Exterior Maintenance, Front Yard Landscaping, Maintenance Grounds, Management, Meeting Room, Party Room, Pool
- HOA fee: $167 monthly
Location
- Region: Happy Valley
Financial & listing details
- Price per square foot: $288/sqft
- Tax assessed value: $468,723
- Annual tax amount: $5,292
- Date on market: 11/19/2025
- Listing terms: Cash,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 |
|---|---|---|
| 11/20/2025 | Listed for sale | $449,900$288/sqft |
Source:  RMLS (OR) #503147306 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,292 +3.5% | $258,257 +3% |
| 2024 | $5,113 +2.8% | $250,735 +3% |
| 2023 | $4,974 +5.3% | $243,433 +3% |
| 2022 | $4,722 +183.8% | $236,343 +210.7% |
| 2021 | $1,664 +19.7% | $76,071 +3% |
| 2020 | $1,390 | $73,856 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,691/mo
Principal & interest
$2213
Property taxes
$311
HOA Fees
$167
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Climate risks
Neighborhood: 97086
Nearby schools
GreatSchools rating
- 10/10Scouters Mountain Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Happy Valley Middle SchoolGrades: 6-8Distance: 1.6 mi
- 6/10Adrienne C. Nelson High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Scouters Mtn
- Middle: Happy Valley
- 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
- 12467 SE Water Drop Way
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