Forest Heights has been one of the long standing “desirable” neighborhoods in Portland. Located between the high tech corridor to the west that is home Nike, Intel and other large companies and downtown Portland to the east. The development rises up the hillside offering so great views to the west and the setting sun. Views are often tempered by steep lots that sometimes makes decking the primary outdoor living space due to the steepness of some lots. Forest Park Elementary School serves the area and feeds into West Sylvan Middle School and then Lincoln High School.
The Forest Heights neighborhood began life as an investment by the Nauru Phosphate Royalty Trust, operated by the nation of Nauru.
The tiny South Pacific island country, about 2,500 miles northeast of Sydney, Australia, made heaps of money from phosphate mining and created a means to invest the money worldwide.
Among other areas, the Nauru (pronounced NAH-roo) trust invested in real estate. It built a skyscraper in Melbourne, Australia, and, in 1988, stumbled across 600 acres of vacant, residentially zoned land near Portland. Portland Tribune 2002
Two decades have made Forest Heights into what it is today. The recent commercial development in the heart of the neighborhood has helped make it into a community unto itself. Starbucks, a drycleaner, a grocery store and a competing real estate company now call Forest Heights home. Prior to their opening, the nearest services were out on Barnes Road a couple of miles away. Forgetting the milk was a time consuming proposition.
There have been considerable growing pains in the neighborhood, especially in the condo market. I’ve heard it said that the developments in Forest Heights “have been, are in, or will be in litigation over construction at some point.” Condo owners in Forest Heights have two HOAs since Forest Heights has its own and each development has its as well. The Forest Heights HOA maintains the overall area including the network of walking trails, some landscaping and enforcement of real estate signs in the neighborhood.
As of today there are 41 single family listings priced between $615,000 (2518 SQFT) and $1,495,000 (6193 SQFT). There are 22 condo/townhouses priced between $219,900 and $689,000.
Image from Google Earth.