Bend, OR 97703 - Deschutes County

Major price reduction! Originally $127M, now $95M! Excellent opportunity for investing! Bull Springs Skyline Forest, located just minutes west of Bend, Oregon, is an active tree farm and recreational property that covers 32,995+/- contiguous, deeded acres and borders the Deschutes National Forest. The property has significant long-term appreciation potential with opportunity for sustainable timber management, abundant recreation in combination with residential and mixed-use development.

ACREAGE

More than 80% of the landscape is dominated by a highly productive timberland mix of coniferous forest, winding creeks and springs. The elevation ranges from 3,600 feet along Bull Spring Creek up to 5,600 feet along the propertys western boundary. From deep canyon breaks and expansive forest, to rugged high alpine timber with sweeping views of the Deschutes River Basin and Cascade Mountains, Bull Springs Skyline Forest encompasses a variety of landforms.

LOCATION

Located near the center of Oregon, east of the Cascade mountains on the west side of Bend, one of the nations fastest growing mountain towns in the United States. Bend has significant urbanization potential and is a traditional timberland industry region with infrastructure for logging and wood related products.

Easily accessed year-round from multiple public roads, the southern entrance is located approximately two miles west of Bend, Oregon and the northern entrance approximately five miles from Sisters, Oregon.

With close proximity to major metropolitan areas, airline service and other nationally recognized resort destinations, the property is positioned well for future residential, commercial and tourism development opportunities. Central Oregon is further distinguished for its all-season recreational amenities. Mt. Bachelor, known for exceptional skiing and extended season is located within 15 miles of Bull Springs Skyline Forest. The Deschutes River, within a few minutes of the property, provides exceptional fishing and other water recreation. National monuments and parks, including the Pacific Crest Trail are also within short distances. Clean air, spectacular mountain scenery and comfortable climate provide inviting conditions for all types of outdoor recreation available within minutes of Bull Springs Skyline Forest.

HISTORY

Between the years of 1916 to present day Bull Springs Skyline Forest has contributed major historical significance to the local and regional community. Beginning in its earliest years the property was most notable for its logging production. Throughout the century the property has been owned by various timber and investment companies, and portions have even been exchanged with the U.S. Forest Service. In more recent years the property has become of major interest to private holding companies, local conservation groups, local community for recreation, city planners and private developers.

CLIMATE

Central Oregon is widely recognized as a tourist destination in part because of its moderate climate, picturesque scenery and significant recreational amenities, the location on the eastern plateau of the Cascade Mountains provides a semi-arid, high desert climate. Precipitation averages 10-15 inches with periodic snowfall during winter months. It is not unusual to have overcast conditions in Portland and clear skies in the Bend area. Scenic views to rivers, buttes and mountain peaks are prevalent. This combination of pleasant weather conditions and scenic views provides an attraction for all types of outdoor recreation available in central Oregon.

WATER RESOURCES

The property includes many springs and creeks. The three major creeks include Three Creek, Bull Creek and Bull Springs Creek. Additionally, the Snow Creek Irrigation ditch crosses through the property.

TIMBER

Bull Springs Skyline Forest covers a large area of timberland (26,251 acres), providing high quality timber for harvest, great for logging industry development and liquidation. The property features mainly Ponderosa Pine, which is major construction material in North America, and has great economic value. Over the years the current owner has invested into the protection and seeding of the timberland while only harvesting very limited timber. Current average age of timber is 45 years old and an average height of 30 feet. The total, merchantable, log volume is approximately 71,905 thousand board feet (MBF). The total volume is 93% Ponderosa Pine, 6% White Fir, and 1% other Conifer.

WILDLIFE & HABITAT

Variation in the elevation and topography create the wonderful ecosystems that benefit the flora and fauna found on the property. With timbered mountainsides, juniper hillsides, deep canyons and open grasslands, the property provides a microcosm of central Oregon habit within its boundaries. Juniper and Sage interspersed between the rim rock ledges along the deep live water canyons provide nearly perfect habitat for mule deer and variety of bird species.

The Cascade Mountain foothills with water, timber and grass provide ideal habitat for elk, bear, mountain lion and bobcat. Lower elevation lands provide a viable habitat for deer, turkeys, coyotes and other small animals and birds. Hunting remains a prized activity year round, and abundant habitat for mule deer provides the opportunity for trophy class bucks.