#406573095, Ashton Faas, Listing office: Different Better Real Estate
Property details
About Cole Ln
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, please contact listing agent with any questions. Bid considerations to begin at $1.1 million.
Highlights
Summary
- Attached Garage: No
- Waterfront: Creek
- View: Creek/Stream, Territorial, Trees/Woods
- Lot: Private, Trees
- 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
- Lot Size: 178.82 Acres
- MLS Number: 242933403
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: AFM Real Estate
- Office Phone: (541) 505-3377
- Listing Agent: Christopher Marshall
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Last updated on: 8/1/2025, 10:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Nearby schools
2
Yoncalla Elementary / Middle School
Public District KG-6
5.7 mi
•401 1st St
4
Oakland Elementary School
Public District KG-4
16.4 mi
•499 NE Spruce St
4
Bohemia Elementary School
Public District KG-5
17.1 mi
•721 S R St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,468. The majority of undefined, OR residents have income less than $<35k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About Cole Ln
Active Listing: Cole Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for Cole Ln are: Yoncalla Elementary / Middle School (GreatSchools Rating 2/10), Oakland Elementary School (GreatSchools Rating 4/10), Bohemia Elementary School (GreatSchools Rating 4/10), North Douglas Elementary / Middle School (GreatSchools Rating 6/10), Lincoln Middle School (GreatSchools Rating 7/10), Lincoln Middle School (GreatSchools Rating 5/10), North Douglas High School (GreatSchools Rating 3/10), Yoncalla High School (GreatSchools Rating 3/10), Elkton Charter School (GreatSchools Rating 7/10).
The property Cole Ln is 178.82 acres.
Features: 0 bathroom. It has been listed on Rocket Homes since July 30, 2025.
In July 2025, from all listings sold in undefined, OR there were more than 1 sold above asking price, over 0 sold below and more than 1 were sold right at the asked price. The number of listings in undefined, OR increased by 8.3% between June and July 2025. The median list price of listings available in July 2025 was $310,500, while the average time on the real estate market was 91 days.