Thirty years ago, the site was city-owned property slated to be the home of "Pheasant Park." The parcel was instead given to the school district as part of a site for a planned third high school. That high school was never needed. When the school district redeveloped its prorate into a residential area, the 8.5 acre site was once again set aside for a park.

Owasso Hills Park now features 1/4 mile of trails, park benches, a play field, a half-court basketball surface, and specialized play equipment for toddlers through teens.