$11,000,000
167± Acres
New Listing
Jackson County, Oregon

The Highlands

ID: 53964
External ID/MLS: -- / 220179075
Status: New Listing
Price: $11,000,000
Acres: 167±
Price Per Acre: $65,868
Type: Undeveloped Land, Commercial
Address: 0 Cherry Lane
City, State: Medford, Oregon
County: Jackson
ZIP Code: 97504

Description

Merit Commercial Real Estate and LandLeader have been exclusively retained to market for sale The Highlands, a landmark development offering encompassing the bulk of East Medford proper. The Highlands stands as a legacy property, offering a visionary developer the perfect blank slate for a luxury single-family and mixed use product. 

Encompassing 167 acres of prime residential development land, The Highlands allows a developer to step into a high-end south-facing development site at scale in one of the most desirable neighborhoods in Southern Oregon.

The original, grandfathered PUD lays out a large-scale development consisting of a majority of single-family homes, as well as senior-living facilities, condos, townhomes, and multifamily. A developer isn't limited to this layout, but could use the master plan and deliver a market-defining project.

Speaking to the scale of the project, The Highlands offering is 1.00% of the total land supply of Medford, Oregon.

Combining world-class views with convenience, each residence located within The Highlands is less than 10 minutes to every necessity, including grocery, dining, Asante Rogue Regional Medical Center, healthcare clinics and practices, recreation, and much more. Rogue Valley International Airport, as well as I-5 access are also less than 15 minutes away.

Directly adjacent to the North, Prescott Park (Roxy Ann Peak) offers over 17 miles of hiking and biking trails, and is one of the most accessible and desirable parks in the Rogue Valley. 

All utilities are either stubbed directly to the property or within close proximity. Water, sewer, and stormdrain are available, and high-capacity power run the length of the site into the adjacent Pacific Power substation. The topography is usable and allows for desirable view lots/homes; 75%+ of the site is under a 25% slope.

The Rogue Valley has consistently proven itself as a growing market, with demand for high-quality luxury single-family and higher-density product. East Medford is the most desirable area in the region with very strong income and employment demographics. 

Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, improved access, required offsites, utility availability and extension, etc.) Any density/configuration is subject to final approval.

Additional Information

recreation

  • other

Ask Garrett About This Property

Nearby Properties Around Jackson County

Jackson County, OR
East Medford development opportunity. 3 +/- acres located within the city limits of Medford, Oregon. The property is located near the intersection E McAndrews Rd and Foothill Rd with access from McAndrews. Zoning is SFR-4. The property offers prime v...
3± Acres
|
$385,000
Jackson County, OR
Spectacular View Home Site, overlooking Rogue Valley in Southern Oregon. Home site is approved and grandfathered. Septic is installed and power is on the property. Abundance of Wildlife including big game, Red Tail Hawk and Eagles. Property is very s...
39.99± Acres
|
$649,000
Jackson County, OR
Large acreage holding of undeveloped land in the east hills of Medford, Oregon. With a potential of multiple home sites this offering is ideal for development, a multi-family estate, ranching, investment or a long term hold. The property is made up o...
1,360± Acres
|
$3,000,000