Billy Chinook Lk Culver, OR 97734
This exceptional 39.32-acre property presents a unique development opportunity on the picturesque Lake Billy Chinook in Culver, Oregon (Jefferson County, zip code 97734). Located at Lake Billy Chinook, this land boasts breathtaking panoramic lakefront views and a gently sloping terrain punctuated by dramatic cliffs. The property offers both lakeside access and elevated rimline vantage points, maximizing the stunning scenery. Zoned Three Rivers Recreation Area Residential (TRRA-5), the land presents versatile development potential. The property's topography allows for diverse building sites, taking advantage of both the lakefront and elevated areas. Lake Billy Chinook provides year-round recreational opportunities including boating, fishing, swimming, and various water sports. Note that approximately half of the 39.32 acres is covered by the lake itself. The asking price is $1,200,000, translating to a land value of $0.70 per square foot. An easement for SW Inlet Rd/SW Flycreek Dr traverses the property. The property's size and zoning may allow for partitioning
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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