Listing provided courtesy of Merit Commercial RE, LLC - MLS# 220179075MLS Provider

0 Cherry LaneMedford, OR 97504

Vacant Land · 167.00 Acres

$11,000,000 Active

Overview

Time on Site:
21 days
Visits:
3

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.

View Map

Facts & Features

  • Type Vacant Land
  • Lot 167.00 Acres

General

Association/HOA
  • Association: No
School Information
  • Elementary School: Hoover Elem
  • Middle Or Junior School: Hedrick Middle
  • High School: North Medford High
Business Information
  • Current Use: Vacant
Location/Region
  • County Or Parish: Jackson
  • Subdivision Name: N/A
Community/Development
  • Community Features: Access to Public Lands,Park,Trail(s)
Tax Information
  • Tax Annual Amount: 16104.97
  • Tax Year: 2023
General Information
  • Parcel Number: 10935881
  • Property Sub Type: Residential Lots
  • Property Type: D
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: SFR-4

Interior

Parking Information
  • Garage: No
General Information
  • Power Production: Public Utilities

Exterior

Lot Information
  • Additional Parcels: No
  • Irrigation Water Rights: No
  • Lot Features: Adjoins Public Lands
  • Lot Size Acres: 167.00
  • Lot Size Square Feet: 7274520.00
  • Road Surface Type: Gravel,Other,Paved
  • Water Source: Other,Public
Waterfront/View
  • View: Cascade Mountains,City,Creek/Stream,Mountain(s),Neighborhood,Panoramic,Park/Greenbelt,Ridge,Territorial,Valley
General Information
  • Fencing: None
  • Horse: No
  • Sewer: Other
  • Utilities: Cable Available,Electricity Available

Neighborhood

Community

97504 (Medford) Demographics
42
Median Age
1,028
Population Density (per sq. mile)
45%
College Educated
$62,219
Estimated Median Income
11,731
Estimated Total Home Owners
7,925
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
4
Public
Abraham Lincoln Elementary
  • Grades: KG - 6
  • Enrollment: 527
4
Public
Hoover Elementary School
  • Grades: KG - 6
  • Enrollment: 690
2
Public
Kennedy Elementary School
  • Grades: KG - 6
  • Enrollment: 554
4
Public
Lone Pine Elementary School
  • Grades: KG - 6
  • Enrollment: 573
2
Public
Orchard Hill Elementary School
  • Grades: KG - 5
  • Enrollment: 419
2
Public
Roosevelt Elementary School
  • Grades: KG - 6
  • Enrollment: 394
2
Public
Wilson Elementary School
  • Grades: KG - 6
  • Enrollment: 491
Middle Schools
4
Public
Abraham Lincoln Elementary
  • Grades: KG - 6 /
  • Enrollment: 527
4
Public
Hedrick Middle School
  • Grades: 6 - 8 /
  • Enrollment: 1,020
4
Public
Hoover Elementary School
  • Grades: KG - 6 /
  • Enrollment: 690
2
Public
Kennedy Elementary School
  • Grades: KG - 6 /
  • Enrollment: 554
4
Public
Lone Pine Elementary School
  • Grades: KG - 6 /
  • Enrollment: 573
2
Public
Roosevelt Elementary School
  • Grades: KG - 6 /
  • Enrollment: 394
2
Public
Wilson Elementary School
  • Grades: KG - 6 /
  • Enrollment: 491
High Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$557,600
Median Sales Price
$272
Median Price per Square Foot
169
Properties Sold
89
New on Market
82
Average Days on Market
276
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
3/22/2024Source: Oregon Datashare Added to Database
March 22, 2024