Searching for that rare diamond of a property which allows for two homes! Look no further, county application approved to come create your family compound with 4 years to build. This 40 acre, ultra-private country estate, less than 20 miles from Pioneer Square in downtown Portland, truly has it all! Live like a king and impress your family, friends, and colleagues with the breathtaking views(from inside your updated Craftsman-styled residence and from your sprawling entertainment deck) of all that surrounds you: your gently-rolling acreage,outbuildings,horses, neighboring Xmas tree farms, majestic Mt. Hood the star of the show, and mighty Mt. St. Helens silhouetted in the distance! Can we also mention location-location-location! Nearby groceries, dining, and shopping minutes away in Beavercreek(2 miles) and Oregon City(6 miles), and Portland's ring-road I-205 just a 15 minute drive, on the airport side of town even! Details: renovated, split-level 4 bed, 3 bath, 2832sqft, with attached 2 car garage. Primary suite with walk-in closet. Entertainment room with natural wood slab wet bar, island seating, walk-out porch and fire pit. Home updates include new: carpeting, exterior paint, stainless steel appliances, metal roof, septic system, well pump, energy efficient window treatments, wood burning fireplace insert; $200K+ invested! High-speed Internet via cable (rare in rural property)! Horse amenities:move-in ready large run-in shed with attached hay room; all-new small run-in shed; 2 new dry lots with engineered gravel footing for excellent drainage; equipment building refashioned into three oversize matted Noble panel stalls; additional perimeter, paddock, and privacy fencing; barn video-monitoring system, and entrance gate. The ½ mile private logging road is quite the unique treasure for horse riders,hikers,four-wheelers,or outdoors-lovers! Early-growth timber,9yrs with future harvest income.AG exemption for timber(25acres)keeps taxes low!Gentleman agreement for hay.