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Water Views
Address
0 Forbestown Road Oroville, CA
Price
$ 995,000
Property Attributes
  • ML#SN19124301
  • TypeLand
  • CountyBUTTE
  • CityOroville
  • Zip
  • Style
  • Price$ 995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7 Acres
Listing Provided Courtesy Of:
Candace Andel with Century 21 Select Real Estate, Inc..
Property Description

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 is entitled for a hotel on 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. This listing is the prime location for the anchor hotel on 7+ acres with additional 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 single family homes.

Price History
5/28/2019 Listed $995,000

General Features

Co-Listing Agent Last Name Lotti
Co-Listing Agent Last Name Kelly
Co-Listing Agent State License # 01112413
Co-listing Agent Kelly Lotti - BRE#01112413
Community Features Fishing, Foothills, Hiking, Lake, Horse Trails, Watersports, Stable(s), Rural, Valley
Directions Corner of Forbestown Road and 162
HOA Fee 0.00
Listagentaor Sierra North Valley
Listing Agent Candace Andel - BRE#02040053
Listing Agent State License 02040053
Price Per Square Foot 3.26
Source System CRMLS
Special Listing Conditions Standard
Zoning FR10

Exterior Features

Lot Features 6-10 Units/Acre, 11-15 Units/Acre, Rolling Slope
Lot Size Acres 7.0000
Lot Size Area 304920.0000
Lot Size Source Assessor
Lot Size Square Feet 304920.00
Lot Size Units Square Feet
View Lake, Marina, Mountain(s), Panoramic, Trees/Woods, Valley
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

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