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11505 NE Yacht Harbor Dr
Portland, OR 97217
Yacht Harbor · Land For Sale
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3.09 AC
Executive Summary
The site also presents major cost savings potential, being eligible for Portland’s 100% System Development Charge (SDC) Waiver Program between August 15, 2025, and September 30, 2028. This incentive could provide estimated savings of $15,000–$25,000+ per unit, translating to a total of $4 million–$6.6 million+ in potential savings, significantly enhancing project feasibility and returns.
Amid tight supply and strengthening demand, apartment construction is at a decade low with only 1,607 units underway, while occupancy remains high at 95.1%—above the national average. Rents are projected to grow 3–4% annually through 2028, and regulatory and financing barriers continue to limit new builds, supporting long-term rent growth and asset appreciation.
The area attracts affluent, lifestyle-oriented demographics, with a median household income of $92,000 and 61% of residents earning over $75,000. The population has grown 35% since 2010, and most residents are renters by choice, drawn to the island’s waterfront amenities and outdoor lifestyle.
Finally, the property is positioned adjacent to a major growth catalyst—the $1.5 billion Vancouver Waterfront redevelopment. This thriving mixed-use hub includes 3,300 residential units, 1.25 million square feet of office space, and 250,000 square feet of retail, driving regional demand and long-term value growth.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.09 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | ||
| Zoning | General Commercial - Commercial Employment (CE) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.09 AC |
| No. Stories | 1 |
| Zoning | General Commercial - Commercial Employment (CE) |
1 Lot Available
Lot
| Lot Size | 3.09 AC |
| Lot Size | 3.09 AC |
Description
HFO is pleased to present the Yacht Harbor Drive development site, an approximately 135,000-square-foot, high-density development opportunity on Portland’s Hayden Island on the Columbia River. The riverfront property includes marina and beach access in an area with limited competing development. Hayden Island offers the very unique Pacific Northwest island lifestyle, a rare brand of waterfront luxury living. Residents are drawn to the serenity, waking up to breathtaking river views, starting their mornings with a brisk walk along beachfront trails, or setting sail from their very doorstep. With the popular Jantzen Beach shopping center just a stone’s throw away, residents have essential lifestyle conveniences and premier retailers at their fingertips without leaving the island. For those venturing out, Portland’s award-winning dining scene and major employment hubs are only a 20-minute drive away, and Vancouver’s bustling waterfront district is reachable in just 10 minutes. Perfectly positioned between serene landscapes and dynamic city centers, the Yacht Harbor Drive development site offers a rare blend of the Portland MSA’s outdoor tranquility and urban connectivity.
Property Taxes
| Parcel Number | R237421 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,678,957 CAD | Total Assessment | $1,678,957 CAD |
Property Taxes
