146 Acres in Gardiner, OR - $660,000

This 146 acre Three Mile Creek timber and recreation property, containing two contiguous tax parcels of 115 and 31 acres, is located by Oregon Dunes National Recreation Area along Oregons southern coast, between resort communities of Florence and Winchester Bay. There is year-round access to Highway 101, located 2.3 miles east. It is one of the only private inholdings within Oregon Dunes National Recreation Area, which is part of the Siuslaw National Forest. Sparrow Park Road, which connects to Highway 101, bisects Auction Property 107 and continues one mile west to the beach, as well as providing access to the trailhead to Three Mile Lake. Three Mile Creek, an important coastal stream, runs through Auction Property 107 and contains a high quality wetland and riparian area with beaver pond and meadow. Auction Property 108 has one quarter mile of steep Umpqua River frontage and spectacular views of the river, Winchester Bay, and Pacific Ocean. Access to Auction Property 108 is from a logging road spur through adjoining Siuslaw National Forest land.

It is estimated by the Seller that there are 1.1 million board feet of primarily Douglas-fir pre-merch in the 19- to 24-year age class that will be ready for harvest by 2035. The combination of a highly productive growing Site II and the pre-commercial thinning undertaken 10 years ago will double the volume to 2.2 million board feet, providing significant near-term asset growth, and cash flow. The Three Mile Creek property can be acquired in its entirety with published reserve price of $660,000, or less than $4,525 per acre. It is also available in two parcels of 115 acres with published reserve of $565,000 and 31 acres with published reserve of $95,000. Individual sales of either parcel is subject to total bids to equal, or exceed, the bulk published reserve price of $660,000, and final board approval.

Bids are due May 15, 2024. Contact listing broker for bid package.