12478 SE WATER DROP WAY Happy Valley, OR $ 429,900
12478 SE WATER DROP WAY
$ 429,900
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12478 SE WATER DROP WAY

Happy Valley, OR, 97086
$ 429,900
Bedrooms3 Baths2.1 Sq 1,551

Monthly Estimate*

$ 2,647

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Townhouse for sale in Happy Valley, OR

for $429,900 with 3 bedrooms and 2 full baths, 1 half bath. This 1,551 square foot townhouse was built in 2021 on a lot size of 0.04.

Discover this stylish, energy-conscious home in the sought-after Happy Valley community, thoughtfully designed with modern upgrades throughout. Gently lived in and truly move-in ready, this upgraded former model townhome offers 3 bedrooms, 2.5 bathrooms, and a single-car garage. The kitchen is a standout feature, showcasing quartz countertops, a custom tile backsplash, newer stainless-steel appliances, generous cabinetry, a roomy pantry, and a large island with bar seating—perfect for everyday living and entertaining. The main level features an open-concept great room filled with natural light, a sleek contemporary fireplace, and durable luxury vinyl plank flooring. Upstairs, the spacious primary suite impresses with vaulted ceilings, a walk-in closet, and a spa-inspired bathroom complete with dual sinks, quartz finishes, and a walk-in shower. You’ll also find a convenient laundry area with built-in storage, along with two additional bedrooms and a full bath. Step outside to a fully fenced, low-maintenance backyard featuring easy care landscaping and ample space for gardening.  Residents enjoy access to community amenities such as a pool, clubhouse, basketball courts, parks, and scenic walking trails—all with a low HOA. Located near top-rated schools and everyday conveniences, this home combines modern living with a prime location for an exceptional lifestyle.

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Townhouse Active

Price

$ 429,900

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Townhouse

Taxes

$ 5,848

Style

Contemporary,Townhouse

Lot Size

0.04

Year Built

2021

Town/City

Happy Valley

County/Region

Clackamas

MLS | Web ID

713762057

Features
Interior
Interior Amenities Laundry Quartz VaultedCeiling WalltoWallCarpet
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features Electric Insert
Hot Water Tankless
Window Features StormWindow
Total Bathrooms 2.1
Total Bedrooms 3
Total Baths 3
1/2 Baths 1
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General
Sewer PublicSewer
Heating MiniSplit
Cooling WallUnit
Roof Composition
Appliances Dishwasher Disposal FreeStandingRange GasAppliances Granite Island Microwave PlumbedForIceMaker Quartz StainlessSteelAppliance
HOA Fee 179.0
Garage Spaces 1.0
Architectural Style Contemporary Townhouse
Year Built 2021
Stories Count 2
Property Subtype Attached
Tax Year 2025
Parcel Number 05035806
Accessibility GarageonMain
Assoc Fee Paid Per Monthly
County Clackamas
Property Type Residential
Association Amenities BasketballCourt Commons ExteriorMaintenance FrontYardLandscaping Insurance MaintenanceGrounds Management MeetingRoom PartyRoom Pool
HOA Y
Subdivision Name PLEASANT VALLEY
Full Baths 2
Status Active
Directions Sunnyside Rd to 162nd to Majestic Falls Ave to Sunshower Pl to Water Drop Way
High School Clackamas
City HappyValley
Disclosures Disclosure
MLS Area _145
Lot Size Square Feet 1742.0
Listing Terms Cash Conventional FHA
Elementary School Scouters Mtn
Tax Annual Amount 5848.4
Middle/Junior High School Happy Valley
Property Condition Resale
Virtual Tour https://www.zillow.com/view-imx/78092d97-48a7-4ad8-ab59-6370a73a5d86?initialViewType=pano&utm_source=dashboard
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SUBDIVISION PLEASANT VALLEY VILLAGES 4606 LT 59
ADU False
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Exterior
Exterior Amenities Fenced Patio Sprinkler Yard
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 1.0
Garage Type Attached
Exterior Description CementSiding
Foundation Details PillarPostPier
Building Area Total 1551.0
Lot Size Acres 0.04
Road Surface Type Paved
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Internal Only
Street Number 1 12478
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* Excluded Features
List By
Cascade Hasson Sotheby's International Realty

Broker

michelle.spanu@cascadehasson.com

Email

Affordability Calculator

$3,134
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,647
Monthly Property Taxes
$487
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951017 Elementary School
1949228 Middle School
Clackamas High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2026$429,900 Listed Price

Map


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12478 SE WATER DROP WAY, Happy Valley, OR, 97086 is a Townhouse for sale at $429,900 with 1,551 sqft and a lot size of 0.04. 12478 SE WATER DROP WAY has 3 bedrooms, 2.1 baths, and was built in 2021. The property's zip code is 97086 which is in Happy Valley, OR