TWO PARCELS - ONE RARE OPPORTUNITY! Build on a private, wooded 3.12-acre parcel just minutes from Gresham, Happy Valley, and Damascus. Tucked into a low-turnover neighborhood on quiet Wooded Hills Dr, this property offers a peaceful setting with mature trees, open space, and excellent long-term potential. The lot is zoned RRFF5 and is a legal lot of record per county (buyer to verify). Ideal for a custom home, estate retreat, or multi-generational setup. Would need to be on well and septic. Perc has not been completed. Included in the sale is a second, adjacent 1.93 acre parcel , also zoned RRFF5, with an existing 3-bedroom, 2-bath day-ranch style home. The home features a wraparound porch, two fireplaces, and a newer gas heat pump, water heater, PEX plumbing, vinyl windows, and metal roof. It’s a great option for temporary housing while you build, a future guest home, multi-generational living, or as a potential rental or resale to offset costs. This lot also includes a detached 28x36 shop-style garage with three bays and finished room for hobby, storage or office use, an attached carport, fenced yard, a 40x18 covered RV parking structure which includes a 50-amp hookup and septic connection. The well is on a separate, 3rd, tax lot providing potential for a shared well situation. Total acreage is 5.06, over 3 tax lots. Wooded Hills is a paved private road with low $140/year maintenance fee. NO HOA or CC&Rs on either parcel. Buyers are encouraged to complete their own due diligence regarding development options, utilities, and use potential. With two legal parcels, and a peaceful location close to town, this is a rare chance to create something special—build now, hold for the future, or explore multiple income or family-use configurations. Cannot see from the street. Access through your Realtor only.