0 Cherry Lane, Medford, OR 97504
$9,800,000
Property Type:
Land
Lot Size (sq. ft.):
7,274,520
Status:
Active
Current Price:
$9,800,000
List Date:
4/21/2025
Last Modified:
4/21/2025
Description
An opportunity to own 1% of the total land area of Medford, Oregon - welcome to The Highlands. 167-acres on one tax lot, The Highlands is tucked in the East Medford hills & commands the most desirable location & views. Ideally situated for a luxury development site, there is a grandfathered PUD laying out 800+ units of detached SFR, condos, & townhomes as well as senior living facilities & multifamily sites. Developers could utilize The Highlands to deliver a market-defining project. Combining world-class views with convenience, each residence located within The Highlands will be <10 mins to grocery, dining, Asante hospital, recreation, & <15 mins to RV Intl. Airport & I-5 access. Sharing a property line, Prescott Park offers 17+ miles of public trails next door. Utilities are stubbed/close, believed to have adequate capacity for the first few phases of development. Take advantage of great demographics and a growing market with The Highlands! Buyers to complete all due diligence.
Supplements: ********
More Information MLS# 220179075
Location, Tax, and Legal
Section: Not Applicable
Parcel Number: 10935881
Lot Size Acres: 167
Lot Size Square Feet: 7274520
Additional Parcels YN: No
Contract Information
List Price per Acre: 58682.63
Original List Price: 11000000
Current Price: $9,800,000
Status: Active
List Price: $9,800,000
Listing Contract Date: 2024-03-22
General Property Information
Garage YN: No
Elementary School: Hoover Elem
Middle Or Junior School: Hedrick Middle
High School: North Medford High
Zoning: SFR-4
Tax Annual Amount: 16104.97
Tax Year: 2023
Irrigation Water Rights YN: No
CC&R's YN: No
Association YN: No
Senior Community YN: No
Horse Property YN: No
Manufactured Structure Allowed YN: No
Preferred Escrow Company & Officer: Mychal Pond - Ticor Title
FIRPTA YN: No
Sign On Property YN: Yes
Property Sub Type: Residential Lots
Remarks and Miscellaneous
Public Remarks: An opportunity to own 1% of the total land area of Medford, Oregon - welcome to The Highlands. 167-acres on one tax lot, The Highlands is tucked in the East Medford hills & commands the most desirable location & views. Ideally situated for a luxury development site, there is a grandfathered PUD laying out 800+ units of detached SFR, condos, & townhomes as well as senior living facilities & multifamily sites. Developers could utilize The Highlands to deliver a market-defining project. Combining world-class views with convenience, each residence located within The Highlands will be <10 mins to grocery, dining, Asante hospital, recreation, & <15 mins to RV Intl. Airport & I-5 access. Sharing a property line, Prescott Park offers 17+ miles of public trails next door. Utilities are stubbed/close, believed to have adequate capacity for the first few phases of development. Take advantage of great demographics and a growing market with The Highlands! Buyers to complete all due diligence.
Status Change Information
Back on Market Date: 2025-04-20
Status Change Timestamp: 2025-04-21
Current Use
Vacant: 1
Fencing
None: 1
Listing Terms
Cash: 1
Conventional: 1
Owner Will Carry: 1
Flood
N/A: 1
Lot Features
Adjoins Public Lands: 1
Road Surface Type
Gravel: 1
Paved: 1
Other: 1
Soil Type
Clay: 1
View
Cascade Mountains: 1
City: 1
Creek/Stream: 1
Mountain(s): 1
Neighborhood: 1
Panoramic: 1
Park/Greenbelt: 1
Ridge: 1
Territorial: 1
Valley: 1
Community Features
Access to Public Lands: 1
Park: 1
Trail(s): 1
Power Production
None: 1
Sewer
Other: 1
Utilities
Cable Available: 1
Electricity Available: 1
Electricity Connected: 1
Water Source
Public: 1
Other: 1
Documents on File
Aerial Photos: 1
Brochure: 1
Call Listing Office: 1
Special Listing Conditions
Standard: 1
Location Tax and Legal
Street Name: Cherry
Street Suffix: Lane
County: Jackson
State: OR
Postal Code: 97504
Subdivision Name: N/A
Property Features
Current Use: Vacant
Fencing: None
Flood: N/A
Lot Features: Adjoins Public Lands
Road Surface Type: Gravel; Paved; Other
Soil Type: Clay
View: Cascade Mountains; Creek/Stream; Mountain(s); Neighborhood; Panoramic; Park/Greenbelt; Ridge; Territorial; Valley
Community Features: Access to Public Lands; Park; Trail(s)
Power Production: None
Sewer: Other
Utilities: Cable Available; Electricity Available; Electricity Connected
Water Source: Public; Other
Documents on File: Aerial Photos; Brochure; Call Listing Office
Listing Terms: Cash; Conventional; Owner Will Carry
Special Listing Conditions: Standard
Listing Office:
Merit Commercial RE, LLC
Last Updated: April - 21 - 2025
Information deemed reliable but not guaranteed.