1040 SW 15th Street, Redmond, OR 97756

$529,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,099 Lot Size (sq. ft.): 12,197 Status: Active
Current Price: $529,000 List Date: 10/09/2026 Last Modified: 10/16/2026

Overview

Description

BEAUTIFULLY REMODELED HOME WITH R5 ZONING & DEVELOPMENT POTENTIAL! Discover a rare opportunity in the heart of Redmond! This completely remodeled home offers 2,099 sq. ft. of updated living space on a generous .28-acre lot zoned R5 High-Density Residential. Enjoy the comfort of a move-in-ready home while investing in a property with exciting future possibilities! Ideal for homeowners, investors, and developers, R5 zoning offers potential for additional residential units, multifamily development, or expanded rental income, subject to city approval. Conveniently located near downtown Redmond, Lynch Elementary, Obsidian Middle School, shopping, dining, parks, and schools. Over 1700 sq ft garage with 7 parking spaces. Indoor heated pool with a game room loft for family fun, swim lesson business, or short term rental potential. Part of the home previously a hair salon, easy to convert back. Add an ADU to expand your income. Move in today and explore the possibilities for tomorrow!

Listing Details MLS# 220229800

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
4
Bathrooms Total
5
Bathrooms Full
3
Bathrooms Half
2
Garage YN
Yes
Garage Spaces
7
Total Living Area SqFt
2099
Main House SqFt
2099
SqFt Source
Assessor
Year Built
1955
Accessory Dwelling Unit YN
No
Rented YN
Yes
Current Rent
Yes
Lease End Date
2026-10-31
Short Term Rental Permit YN
No
New Construction YN
No
Elementary School
M A Lynch Elem
Middle Or Junior School
Obsidian Middle
High School
Ridgeview High
Zoning
R5
Tax Annual Amount
5573.1
Tax Year
2025
Potential Tax Liability YN
No
Assessment YN
No
Irrigation Water Rights YN
No
CC&R's YN
No
Association YN
No
Senior Community YN
No
Horse Property YN
No
Preferred Escrow Company & Officer
Deschutes County Title- Cassie R
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Appliances: Cooktop; Dishwasher; Microwave; Oven Architectural Style: Traditional Common Walls: No Common Walls Construction Materials: Frame Cooling: Central Air Fireplace Features: Wood Burning Flooring: Carpet; Hardwood; Tile Foundation Details: Slab; Stemwall Heating: Electric; Fireplace(s); Wood Interior Features: Ceiling Fan(s); Central Vacuum; Double Vanity; Enclosed Toilet(s); Linen Closet; Primary Downstairs; Shower/Tub Combo; Solid Surface Counters; Tile Shower; Walk-In Closet(s) Levels: One; Two Roof: Composition Rooms: Bonus Room; Kitchen; Laundry; Living Room; Loft; Office; Primary Bedroom Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Window Features: Aluminum Frames; Double Pane Windows; Skylight(s); Vinyl Frames Exterior Features: Courtyard Lot Features: Corner Lot; Landscaped; Level; Sprinkler Timer(s); Sprinklers In Front; Sprinklers In Rear Parking Features: Alley Access; Attached; Concrete; Driveway; Garage Door Opener; RV Access/Parking Pool Features: Electric Heat; Heated; Indoor; Private Road Surface Type: Paved Structure Type: House Utilities: Cable Available; Electricity Connected; Phone Available Power Production: None Sewer: Public Sewer Water Source: Public Listing Terms: Cash; FHA; VA Loan Special Listing Conditions: Standard

Location Tax and Legal

Street Number
1040
Street Dir Prefix
SW
Street Name
15th
Street Suffix
Street
County
Deschutes
State
OR
Postal Code
97756
Subdivision Name
Taylors

Contract Information

Original List Price
529000
List Price per SqFt
252.02
Listing Contract Date
2026-10-09

Remarks and Miscellaneous

Public Remarks
BEAUTIFULLY REMODELED HOME WITH R5 ZONING & DEVELOPMENT POTENTIAL! Discover a rare opportunity in the heart of Redmond! This completely remodeled home offers 2,099 sq. ft. of updated living space on a generous .28-acre lot zoned R5 High-Density Residential. Enjoy the comfort of a move-in-ready home while investing in a property with exciting future possibilities! Ideal for homeowners, investors, and developers, R5 zoning offers potential for additional residential units, multifamily development, or expanded rental income, subject to city approval. Conveniently located near downtown Redmond, Lynch Elementary, Obsidian Middle School, shopping, dining, parks, and schools. Over 1700 sq ft garage with 7 parking spaces. Indoor heated pool with a game room loft for family fun, swim lesson business, or short term rental potential. Part of the home previously a hair salon, easy to convert back. Add an ADU to expand your income. Move in today and explore the possibilities for tomorrow!

Status Change Information

Status Change Timestamp
2026-10-09

More Information

Listing Office: Simply Sold Realty LLC
Last Updated: October - 16 - 2026
Information deemed reliable but not guaranteed.