$1,284,378
SOLD OCT 23, 2025

0 Cole Ln Unit 242933403 Drain, OR 97435

178.82 Acres
$7,183 Price per Acre
7,789,400 Sq Ft Lot

Recently Sold

49 Days on Market

Highlights

  • Home fronts a creek
  • 178.82 Acre Lot
  • Timber
  • View of Trees or Woods
  • No HOA
  • Gated Home

About This Lot

As of October 2025

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.

Last Agent to Sell the Property

Chris Marshall

AFM Real Estate License #201220104 Listed on: 07/29/2025

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,978

Lot Details

  • 178.82 Acre Lot
  • Home fronts a creek
  • Property fronts a private road
  • Gated Home
  • Property is zoned FF

Property Views

  • Woods
  • Creek or Stream
  • Territorial

Schools

  • North Douglas Elementary And Middle School
  • North Douglas High School

Farming

  • Timber

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R36503

Property Details

Property Type

Land

Est. Annual Taxes

$1,978

Lot Details

178.82 Acres

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Land
  • Property Sub Type: Forest
  • Property Attached Yn: No
  • Current Price For Status: 1284378.0
  • Open House: No
  • Special Features: None

Interior Features

  • Lot Size Range: Acres100to200

Exterior Features

  • Lot Size: 100 to 199.99 Acres
  • Waterfront: Yes
  • View: Yes
  • Road Frontage: Yes
  • Lot Features: Gated, MerchantableTimber, PrivateRoad, ReproducedTimber
  • Road Surface Type: Gravel, Paved
  • Water Body Name: Elk Creek
  • Waterfront Features: Creek
  • View: CreekStream,Territorial,TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: ElectricityAvailable
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: No

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: North Douglas
  • High School: North Douglas
  • Middle Or Junior School: North Douglas

Lot Info

  • Zoning: FF
  • Present Use: Timber
  • Land Description: Level,RollingSlope,Sloped
  • Land Lease: No
  • Lot Size Acres: 178.82
  • Lot Size Sq Ft: 7789399.0
  • Parcel #: R36503

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral Desc: Forest
  • Tax Deferral: Yes
  • Tax Year: 2024
  • Tax Annual Amount: 1978.3
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Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 Sold $1,284,378 0.0% --
09/16/2025 09/16/25 Pending -- -- --
09/16/2025 09/16/25 Off Market $1,284,378 -- --
07/29/2025 07/29/25 For Sale $1,284,378 -- --
Source: Regional Multiple Listing Service (RMLS)

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 242933403

Regional Multiple Listing Service (RMLS)
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