According to Oregon Public Broadcasting, a prime 50-square-mile parcel of land in Central Oregon is now for sale with an asking price of $127 million. Stunning views of the Deschutes National Forest and a line of mountains known as the Three Sisters is included in the deal. Developing the land was tried in 2005 when the creditors of a bankrupt timber company sold the acreage to an investor who proposed the development of a golf course and luxury homes.
That never happened. But the idea motivated conservation groups, which have campaigned to buy the property ever since. “I’m thrilled the landowner has shown interest in potentially selling it,” said Brad Chalfant of Deschutes Land Trust. “This has real implications for the future of Central Oregon.” As the Bend Bulletin reports, the property is zoned for forest operations, but is being marketed for a variety of potential uses.
“When you combine the resources of timber, wildlife, water, recreation, conservation and redevelopment potential together with its close proximity to Bend, Oregon, you will find it is truly ‘One of a Kind,’” a press release from brokers Mason & Morse Ranch Company said.
As timber, the property’s approximate 72,000-thousand board feet of mostly pine is worth just one-fifth the asking price, according to recent price indexes for logs.
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