$15,000,000
171 acres
39.502533679 -121.420873882
FOR SALE

Forbestown Rd Oroville, CA 95966

$15,000,000
Est. Monthly $53,085 recalculate
171 acres
 

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Forbestown Rd
Oroville, CA 95966

Explore This Property

Residential Lot - Lake Oroville Resort Community, is a vision to create a place like no other in the western U.S. Located at the gateway of the High Sierras, potentially the first and only mixed-use development, and has entitlements, and overlooks California s 2nd Largest Lake. Seller has been developing and improving the land over a period of many years. The buyer will have the opportunity to acquire the land with its entitlements, thereby mitigating a significant land development risk, and saving tremendous amounts of the developer s time and money. The Specific Plan was adopted by Butte County in 1994. The county then and now is eager for private enterprise to provide a hospitality component for Lake Oroville with 1.4 mil visitors a year. The land being offered has awe-inspiring panoramic views of the coastal range, Sutter Buttes, Lake Oroville, and the Sacramento Valley. Development site is adjacent to the entry of Loafer Creek Recreational Area which is 880 acres and includes boat launching, camp grounds, horse motel, and 44 miles of riding and horse trails. Phase 1 of the Lake Oroville Resort Community is approved; entitlements are for hotel, condominiums, wellness center, and commercial center. Adjacent to a prime location for a anchor hotel on 7+ acres with addtl. acreage available to commence the development. Seller would sell all or a portion of Phase 1 or joint venture with potential buyers. The land also has no debt. Phase 2 of the plan is approved for 112 SFR
MLS # SN19140241
Listed By CENTURY 21 Select Real Estate, Inc.

Property Features

  • Lot Size: 171 Acres
  • Style: Other Style

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $53,085Your estimated monthly payment
    $3,000,00020% Down Payment
    $15,000,000 $12,000,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • High School
    LAS PLUMAS HIGH SCHOOL
    Grades 9-12 | Public School

    OROVILLE, CA 95966
    2380 LAS PLUMAS AVE
    530-538-2310
    6.4
    miles

    Total Students 1061
    Student Teacher Ratio 21:1

    School Rating

    3 stars View School Details
    School Attendance
    We don't have all attendance zone information for this listing.
    Explore area schools below or for more information

    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Ophir Elementary School 3.9 mi Public K-6

    Local Area Information for Oroville, CA 95966

    Median Age: 43.2
    Married: 36.6%
    Number of Households: 11,884
    Households with Children: 2,647
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. 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.
      The Residential Lot located at Forbestown Rd, Oroville, CA 95966 is currently for sale. Forbestown Rd, Oroville is listed by CENTURY 21 Real Estate for $15,000,000. If the property located at Forbestown Rd, Oroville, CA isn't what you're looking for, search California real estate to see other houses for sale in Oroville.