186.25 Acres in Merlin, OR - $1,800,000
Amazing development opportunity! This 186 acre parcel has the potential for a cluster development of 37 to 39 2 acre lots, leaving roughly 90 acres for common area including trails, wildlife habitat, horse facilities, etc. Do the math: past year sales of 2-7 acre North Valley parcels averaged over $150,000! And very few on the market in quality areas. Is this your opportunity to create one?Three recently drilled wells are good producers (15, 20 and 30 GPM), and preliminary testing for septic approvals is positive. Original plans for the cluster development are here at office for your review. This wooded, rolling property offers the potential for a development of quality homes, many with territorial views. Paved road right up the middle will save on development costs, only requiring widening of shoulder for the first phase.
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