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PRIME DEVELOPMENT OPPORTUNITY - ½ ACRE MUN-ZONED LOT IN REDMOND, OREGON Attention Developers, Investors, and Builders!
Don't miss this rare opportunity to acquire a ½ acre lot zoned Mixed-Use Neighborhood (MUN) in the highly desirable NW Redmond Fairhaven area. This level, build-ready property offers incredible flexibility and potential for multifamily and commercial mixed-use development.
Zoned MUN (Mixed Use Neighborhood) - suitable for multifamily units, live/work options, or small commercial projects. All city utilities to the lot - water, sewer, power, and natural gas ready to go. Prime location - convenient access to schools, shopping, parks, and all the amenities that make Redmond so popular.
Pre-development work completed - preliminary plans show potential for 5-6 units, a mix of residential & retail/commercial.
Buyer to verify all info w/city. Don't miss out on this rare property.
A rough estimate, not a quote. Loan amount $340,000 · $85,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
294 listings of every type for sale, 119 pending, 65 sold in the last 30 days. Tap a place for its numbers, or slide the price.
In Redmond, at the center of the Central Oregon High Desert.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Redmond, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. The map outlines 62 of the 543 places with a recorded boundary here; listings outside an outline are counted and drawn as dots with no outline to tap. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
| Date | Event | Price |
|---|---|---|
| Jan 15, 2026 | Listed | $425,000 |
213 days on market. Redmond median to pending is 27 days.
Tax $1,147 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
New listings
Listing courtesy of Realty One Group Discovery, agent Kimberly Patterson, 541-645-0244
Data last updated September 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Median close price $528,000 in Aug 2026, down 7.7% from Aug 2025.
Sep 2024 to Aug 2026 (24 months) · Market Truth leftover, Redmond city, monthly median close. Completed months only.
This home is listed at $425,000, 29.0% below the Redmond median list price. See full Redmond market →