5500 Hillcrest Road, Medford, OR 97504

$7,000,000
4
BD
5
BA
7,248
SqFt

Listing courtesy of Oregon Opportunities Real Estate.

List Price
$7,000,000
MLS#
220137792
Status
ACTIVE
Type
Single Family Residential
Subtype
Single Family Residence
Year Built
2004
Style
Traditional
Bedrooms
4
Bathrooms
5
County
Jackson
City
Medford
Addition
N/A
Lot Size
4,228,805
Acres
97.08
Living Area
7,248

Property Description

A rare investment property with a gorgeous home on 97.08 acres, 61.33 acres of which are included in the Medford UGB. Preliminary site planning has been explored by CSA land use planners, an extensive file with suggested site plan is already developed and indicate potential for SFR-2, 88 units SFR-4, 44 units SFR-10 and 128 MFR-30. Utilities are available for development across Hillcrest. Located across from Saddle Ridge in an area of luxury home development properties. The 2004 built home is a beautiful, custom-designed 4 bedroom with 4,884 sqft and features a 10 x12 complete climate control wine room, GE Monogram refrigerator and freezer, as well as pool and hot tub. Enjoy the spectacular, expansive views while waiting for the inevitable march of development to come to you.

Additional Information

Tax Year
2021
Taxes
$11,500
Ccr
No
Rooms
Bonus Room, Breakfast Nook, Dining Room, Great Room, Kitchen, Laundry, Media Room, Primary Bedroom
Levels
Two
Basement
None
View
Cascade Mountains, Mountain(s), Panoramic, Valley
Water
Backflow Domestic, Backflow Irrigation, Well
Sewer
Sand Filter, Septic Tank
Zoning
EFU
Terms
Cash
Cross Street
Cherry Lane
Elementary School
Mae Richardson Elem
Middle School
Hedrick Middle
High School
North Medford High

Mortgage Calculator

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Calculator source: Real Geeks

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