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$449,900

  • For Sale
  • Active
  • Condo / Townhouse
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,564 Sq. Ft.
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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.

Full Property Details for 12467 SE Water Drop Wy

General

  • Price: $449,900
  • HOA FEE: $167/month
  • Taxes: $5,292 (2025)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: RWMLS
  • MLS ID: 503147306
  • Updated: 11/19/2025
  • Added to Site: 60 day(s) ago

Interior

  • Interior Features: High Ceilings, High Speed Internet, Laundry, Luxury Vinyl Plank, Quartz, Vaulted Ceiling(s), Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Electric
  • Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Island, Microwave, Pantry, Plumbed For Ice Maker, Quartz, Stainless Steel Appliance(s)

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 11 x 15, Upper, 165 Sq. Ft.
  • Bedroom 2: 9 x 13, Upper, 117 Sq. Ft.
  • Bedroom 3: 9 x 15, Upper, 135 Sq. Ft.

Other Rooms

  • Living Room: 11 x 13, Main, 143 Sq. Ft.
  • Kitchen: 11 x 11, Main, 121 Sq. Ft.
  • Dining Room: 7 x 22, Main, 154 Sq. Ft.
  • Laundry: 6 x 5, Upper

Additional Information

  • Shared Amenities: Basketball Court, Commons, Exterior Maintenance, Front Yard Landscaping, Maintenance Grounds, Management, Meeting Room, Party Room, Pool
  • Security/Safety: Security System Owned

Exterior

  • Exterior Features: Fenced, Patio, Porch, Sprinkler, Yard

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Total Spaces: 1
  • Parking Features: Driveway, On Street

Location

  • County: Clackamas
  • Subdivision: HAPPY VALLEY
  • Driving Directions: 162ND/PLEASANT VALLEY PKWY TO MAJESTIC FALLS AVE TO SUNSHOWER PL TO WATER DROP WAY

School Information

  • Elementary School: Scouters Mtn
  • Middle School: Happy Valley
  • High School: Clackamas

Community

  • Community Name: 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Mini Split
  • Heating Type: Forced Air, Mini Split
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Architectural Style: 2 Story, Contemporary
  • Basement Desc.: Crawl Space
  • Roof: Composition
  • Windows: Double Pane Windows, Vinyl Frames
  • Stories/Levels: 2
  • Square Feet: 1,564
  • Year Built: 2021
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size: 0K to 2, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Association Fee: $167
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $5,292.33
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: SUBDIVISION PLEASANT VALLEY VILLAGES 4606 LT 101
  • Disclosures/Reports: Disclosure
  • Property ID: 5035864

Listed by MORE Realty (503) 353-6673, Michele Montoya (503) 453-7242

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Listing agent

— 12467 SE Water Drop Wy —

  • Michele Montoya

    MORE Realty

    503-353-6673

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NMLS#: 1598647

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Schools serving 12467 SE Water Drop Wy

School District:North Clackamas School District 12
NameGradesDistance
Scouters Mountain Elementary School
10811 Southeast 172nd Avenue, Happy Valley, OR 97086
K-50.8 mi
Happy Valley Middle School
13865 Southeast King Road, Happy Valley, OR 97086
6-81.6 mi
Adrienne C. Nelson High School
14897 SE Parklane Dr, Happy Valley, OR 97015
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12467 SE Water Drop Wy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/19/2025
Listed
$449,900
11.31%
MLS
12/08/2020
Sold
$404,183
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12467 SE Water Drop Wy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,292
4%
$258,257
3%
2024
$5,113
3%
$250,735
3%
2023
$4,974
199%
$243,433
220%
2021
$1,664
-65%
$76,071
-68%
2022
$4,722
184%
$236,343
220%
2021
$1,664
—
$73,856
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by MORE Realty (503) 353-6673, Michele Montoya (503) 453-7242

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12467 SE Water Drop Way, Happy Valley, OR 97086 (MLS# 503147306) is a Condo / Townhouse property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 12467 SE Water Drop Way is currently listed for $449,900 and was received on November 19, 2025. Want to learn more about 12467 SE Water Drop Way? Do you have questions about finding other Condo / Townhouse real estate for sale in Happy Valley? You can browse all Happy Valley real estate or contact a Coldwell Banker agent to request more information.

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