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5111 Cherry Lane, Medford, OR 97504

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For Sale

$1,350,000

6.97 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 7 acres
    Lot size

Explore this Property

Prime 6.97-acre parcel with potential opportunity for MFR-15 zoning allowing 10-15 units/acre. Truly a beautiful piece of land, this stunning property offers panoramic views across the valley to the west with breathtaking sunsets. Surrounded by upscale custom homes in the desirable Hillcrest/Cherry Lane area. Perfect for multifamily or residential development, it provides flexibility to build on a single tax lot (no need to split-multifamily can be built on 1 tax lot) or split into multiple lots. Annexed into the city in 2008, it's a part of the SE Medford plan for medium-to-high density housing, making it a rare opportunity with incredible development potential. Conveniently located in a lovely neighborhood, this site combines beauty and functionality for your next project. Buyer to perform own due diligence with the City of Medford. All information is deemed reliable but not guaranteed. Buyer to do all of their own due diligence to verify all information.
MLS# 220193799

Courtesy Of Millen Property Group

(541) 301-3435

Property Features

  • Architecture Style
    Other
  • Lot Size
    6.97 Acres
  • View Type
    City, Mountain, Panorama, Territorial, Valley

Map and Directions

Directions to 5111 Cherry Lane, Medford, OR 97504

Home seller CENTURY 21 J.C. Jones American Dream

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 J.C. Jones American Dream

(541) 476-6502
Learn More About Us

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Monthly Payment Breakdown

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Copyright © 2025 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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