0 Resort Dr Cloverdale, OR 97135
This exceptional 201-acre property presents a unique development opportunity in the desirable Pacific City, Oregon area. Located on Resort Dr, this expansive land parcel boasts breathtaking views of the ocean and estuary. The property includes approximately 54 acres adjacent to the Pacific Seawatch Subdivision, offering seamless integration into an established community. A tentative site plan is available, outlining the potential for 110 to 170 building lots, catering to a range of development possibilities. The zoning is diverse, encompassing PCWR2 (Medium Density), SFW20, and RR2 (with a 2-acre minimum lot size), allowing for flexibility in project design. The PCWR2 zoning covers approximately 1100 acres, while the SFW20 zoning encompasses approximately 133 acres, and the RR2 zoning covers approximately 12 acres. Two convenient access points from Resort Dr ensure easy accessibility. The property's Assessed Parcel Number (APN) is 218259. This prime coastal land is offered at $9,000,000 and presents an unparalleled investment opportunity for developers seeking to capitalize on the stunning natural beauty and high demand for residential properties in this sought-after location. Detailed planning information is available to qualified buyers. The property is located in Tillamook County, Oregon, with a 97135 zip code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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