Real estate in the Spring Lake Estates Neighborhood
The Spring Lake Estates Neighborhood is a subdivision of homes that are all on large acreage parcels. Homes are custom-built to suit, so you will see modern, farmhouse, Victorian, French country, and well everything in-between in this neighborhood. Many homeowners have stable horses on their property, and there is a horse trail that runs throughout the development, as well as a community lake. This is an HOA community which helps to maintain the lake.
Real estate development started in the 1980s and continued into the 2000s. Very few homes become available in the neighborhood, and as such, despite the high prices, homes in Spring Lake Estates tend to sell quickly.
Many of the homes have views of the Cascades while others face the coastal range. Most are nestled in trees and are not visible from the road. For the bird watcher, the entire neighborhood is adjacent to the Ankeny National Wildlife Refuge.
Real estate prices in Spring Lake Estates
For an older outdated home on a smaller parcel, prices start in the $500,000 price range. There are million-dollar homes in this subdivision as well.
Neighborhood Characteristics and Life
Spring Lake Estates is a great choice for people wanting to have hobby farms or to have space between neighbors. With excellent highway access off of Ankeny Rd, it is one of the best acreage subdivision options for commuters, unlike Chinook Estates which is farther off the highway. It is on the edge of the City of Salem’s boundaries right next to Ankeny Wildlife Refuge which is nice to walk around and a good option for bird watching.
Most of the neighborhood sits in the Jefferson school district. A small portion right at the entry on Oak Dr feeds into Sumpter Elementary, Crossler Middle School, and Sprague High School. So watch the school boundaries in this area if that is important to you.