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$1,284,378
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Property Description
BID SALE - LEGACY INVESTMENT OPPORTUNITYRare opportunity to acquire approximately 178 acres of generational, family-owned timberland located just outside the town of Drain in Douglas County, Oregon. This well-managed tree farm offers a compelling mix of long-term investment value, near-term income potential, and natural beauty. Set in a quiet rural area with both public and private road access, the property also includes a network of well-built and well-maintained interior roads, allowing for efficient access throughout.The land features primarily Douglas-fir on productive Site Class III soils. Staggered age classes provide a reliable flow of future harvests: approximately 106 acres were planted in 2006, following subsoiling believed to have enhanced early growth and stand productivity. An additional ±38 acres were planted in 2012, with roughly 35 acres dating back to 1990. The mix of stand ages sets the stage for sustainable, phased timber harvests over the short, mid, and long term. Roughly 90% of the acreage is suitable for ground-based logging, minimizing operational costs and maximizing harvesting flexibility.Beyond its forestry value, the property also includes frontage on Elk Creek, offering scenic natural features and supporting a wide range of wildlife, from deer and bear to birds and small game. The landscape and location make it a candidate for a large tract forest dwelling or recreational retreat, subject to appropriate approvals. Whether you're an investor, conservation-minded buyer, or looking to secure a legacy property with timber income potential, this tract presents a rare and valuable opportunity.Buyers are responsible for conducting their own due diligence into all aspects of the property, including zoning, land use, and potential building opportunities. This property is being offered for sale via sealed bid, Bid considerations to begin at $1.1 million.
Full Property Details
Full Property Details for Cole Ln
General
- Sold For: $1,284,378
- Taxes: $1,978 (2024)
- Status: Sold
- Type: Lots/Land
- Source: RWMLS
- MLS ID: 242933403
- Added to Site: 172 day(s) ago
Rental Information
- Availability: Sale
Location
- County: Douglas
- Driving Directions: 1-5 NB to Exit 150, N on 99 to Lane Ave. Left on Lane Ave, to Drain Section Rd to S Elk Creek
School Information
- Midd School District: North Douglas
- Elementary School: North Douglas
- Middle School: North Douglas
- High School: North Douglas
Community
- Community Name: 265 - Douglas Co: North Douglas County
Utilities
- Utility Description: Electricity Available
Structural Information
- Property Detached: Yes
- Current Bldg. Use: Timber
Lot Features
- Lot Size (Acres): 178.82
- Lot Size (Sq. Ft.): 7,789,399
- Lot Size: 100 to 199.99 Acres
- Frontage: Gravel, Paved
- Lot Features: Gated, Merchantable Timber, Private Road, Reproduced Timber
Water Features
- Water Front: Yes
- Water Front Name: Elk Creek
- Water Front Desc.: Creek
Financial Considerations
- Tax Amount: $1,978.3
- Tax Year: 2024
- Terms: Cash
Disclosures and Reports
- Property ID: R36503
Listed by AFM Real Estate (541) 505-3377, Christopher Marshall (541) 930-2087
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls
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Price & Sales History for Cole Ln
Date
Details
Price
Change
Source
10/23/2025
Sold
$1,284,378
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Cole Ln, Drain, OR 97435 (MLS# 242933403) is a Lots/Land property that was sold at $1,284,378 on October 23, 2025. Want to learn more about Cole Ln? Do you have questions about finding other Lots/Land real estate for sale in Drain? You can browse all Drain real estate or contact a Coldwell Banker agent to request more information.

