Calling all builders, developers, and investors! This beautiful 3.47-acre parcel has been annexed into the City of Sandy and offers R1 zoning with exciting potential for future development. Explore a variety of possibilities, from creating a small residential subdivision to potentially dividing the property into 3-4 larger homesites, or rehabilitating the existing home and reimagining the property to suit your needs. Multiple development configurations may be possible, providing flexibility for a range of investment strategies and product types. Recent sewer moratorium update for the city of Sandy exempts middle housing so connections are available. If kept as one single family home, the failed septic also qualifies the property for sewer connection if desired. There are opportunities for water, sewer, and stormwater connection on several sides of the property. Buyers are encouraged to complete their own due diligence with the City of Sandy regarding zoning, density, utilities, development requirements, and highest and best use. The existing home is in need of significant renovation and currently offers 3 bedrooms and 1 bathroom, with electric wall heaters throughout and a large unfinished basement. The expansive property features a seasonal creek along the rear portion of the parcel, plenty of space for a potential shop or ADU, and a large driveway with two access points from Bornstedt Road. Existing infrastructure includes a well, electricity available to connect, along with approval for a new standard septic system. Enjoy an excellent location just minutes from downtown Sandy, approximately 20 minutes to Mt. Hood recreation and 20 minutes to Gresham. A rare opportunity to secure a sizable parcel with existing improvements and compelling development potential. Home and property are being sold As-Is, call for additional details!