$1,025,000
PENDING

11655 SE Waterleaf Dr Happy Valley, OR 97086

Estimated payment $6,587/month

Total Views 1,168
5 Beds
3.5 Baths
4,294 Sq Ft
$239 Price per Sq Ft

Highlights

  • Territorial View
  • Wood Flooring
  • Corner Lot
  • Traditional Architecture
  • 2 Fireplaces
  • Cooking Island

About This Home

Some homes check boxes. This one raises the bar. Set on a coveted corner lot in The Reserve, this 5-bedroom, 3.5-bath, 4,293 sq ft home built by a Street of Dreams builder offers the space, flexibility, and lifestyle features that simply don't show up together very often — if ever.The dual primary suite setup, with one on the main level, is rare in this neighborhood and opens the door for multi-generational living, long-term guests, or simply having options that most homes can't give you. The main primary suite upstairs delivers the retreat you'd expect — double vanity, oversized walk-in closet, and room to breathe.The kitchen anchors everything with a butler's pantry and seamless flow into the family room. A separate living room, home office, a bonus room you'll claim the moment you walk in — whether that's a home gym, media room, or private TV retreat. Custom built-ins and exceptional storage throughout mean this home doesn't just look good, it functions beautifully.But the backyard is what will stay with you. A covered outdoor living space with fireplace and mounted TV. A built-in outdoor kitchen and grill ready for every season. A private putting green that makes this yard genuinely one of a kind. This isn't a backyard you maintain — it's one you actually live in.Corner lot. Street of Dreams pedigree. A layout that works for real life. And an outdoor space that you will talk about long after the showing.

Listing Agent

Ben Andrews

MORE Realty Brokerage Phone: 503-290-4191 License #200302052 Listed on: 03/30/2026

MORE Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,648

Year Built

  • Built in 2012

Lot Details

  • 10,018 Sq Ft Lot
  • Lot Dimensions are 84 x 100
  • Corner Lot
  • Level Lot

HOA Fees

  • $53 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Built-Up Roof
  • Cement Siding

Interior Spaces

  • 4,294 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Territorial Views

Kitchen

  • Butlers Pantry
  • Built-In Oven
  • Microwave
  • Cooking Island

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Spring Mountain Elementary School
  • Rock Creek Middle School
  • Clackamas High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 05016490

Community Details

Overview

  • Happy Valley Subdivision

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,648

Year Built

Built in 2012

Lot Details

10,018 Sq Ft Lot

HOA Fees

$53 per month

Parking

3

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: Residential
  • Stories: 1
  • Year Built: 2012
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Traditional
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 1025000.0
  • Open House: No
  • Room 10 Features: BuiltinFeatures,Fireplace
  • Room 11 Features: EatingArea,GasAppliances
  • Room 12 Features: Fireplace,Formal,HardwoodFloors
  • Room 9 Features: HardwoodFloors
  • Special Features: None

Interior Features

  • Total Bathrooms: 3.1
  • Fireplaces: 2
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Upper
  • Room 5 Description: _2ndPrimaryBedroom
  • Room 5 Level: Upper
  • Room 6 Description: _5thBedroom
  • Room 6 Level: Upper
  • Appliances: BuiltinOven, ButlersPantry, CookIsland, Microwave
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Association Contact: TBD
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.1
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt7000to9999
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: BuiltUp
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Parking Description: OffStreet
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir90
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: Commons, Management
  • Senior Community: No
  • Association Fee: 53.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Association Email: TBD

Association/Amenities

  • AssociationAddress: TBD
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Spring Mountain
  • High School: Clackamas
  • Middle Or Junior School: Rock Creek

Lot Info

  • Farm: No
  • Land Lease: No
  • Lot Size Acres: 0.23
  • Lot Size: 84 x 100
  • Lot Size Sq Ft: 10018.0
  • Parcel #: 05016490

Green Features

  • Green Certification: No

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 13648.44

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,648 $691,485 -- --
2024 $13,168 $671,345 -- --
2023 $13,168 $651,792 $0 $0
2022 $12,120 $632,808 $0 $0
2021 $11,680 $614,377 $0 $0
2020 $11,045 $596,483 $0 $0
2019 $10,847 $579,110 $0 $0
2018 $9,792 $562,243 $0 $0
2017 $9,478 $545,867 $0 $0
2016 $9,143 $529,968 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2026 04/04/26 Pending -- -- --
03/30/2026 03/30/26 For Sale $1,025,000 -- $239 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $800,000 Fidelity Natl Title Co Of Or
Warranty Deed $499,000 First American
Warranty Deed $380,000 First Amer Title Ins Co Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $680,000 New Conventional
Previous Owner $49,850 Credit Line Revolving
Previous Owner $399,200 New Conventional
Previous Owner $80,000 Commercial
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 407091308

Regional Multiple Listing Service (RMLS)

APN: 05016490

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