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$8,500,000

Beds
4
Baths
3.0
sq ft
4,527

11777 Highway 238, Jacksonville, OR 97530

11777 Highway 238

Jacksonville, OR 97530

  • 501 days on market
    • Price drop $3,000,000↓
Welcome to Red Lily Vineyards, one of the most acclaimed vineyards in the esteemed Applegate Valley of Southern Oregon. Renowned for its exceptional wines and captivating scenery, Red Lily Vineyards presents an alluring mix of established wine and agri-business with great opportunities for event and hospitality expansion. It's not just a business; it's a gateway to an extraordinary experience and a haven for those seeking a rare and sought-after investment and lifestyle opportunity. This 255-acre ranch and estate boasts strong water rights, breathtaking river frontage, a state-of-the-art winery, mature vineyards, and an expanses of quality irrigated land for vineyard and agricultural expansion plus perhaps the most iconic and well-trafficked wine tasting experience in Southern Oregon. Nestled atop a secluded knoll, commanding picturesque views of the Applegate Valley, is the main residence, a quintessential American cedar shingle-style home boasting over 4,000 square feet of living space. The second home, known as the winemaker's house, is a delightful farmhouse that has been thoughtfully updated. With its well-established reputation and a wealth of infrastructure, Red Lily provides an excellent platform for business expansion. This includes options for expanding vineyard and agri-business operations, developing a hospitality business with a focus on events such as destination weddings, as well as on-site accommodations like bed and breakfast and cabin rentals. An additional estate dwelling and farm-to-consumer sales are also relevant opportunities. This rare gem offers an unparalleled setting with 3,300 feet of Applegate River frontage and convenient access to incredible outdoor activities. The phenomenal location is a short commute from all the conveniences of Jacksonville and Medford and is centrally located within Southern Oregon. The offering is a hybrid sale that includes the business, brand, and real estate. Owner terms may be available. Thank you!

Details

Property type

Single Family Residence

Est. home value

$3,212,664

Property condition

Updated/Remodeled

Lot size

255.9 acres

Price per sq ft

$1,878

Year built

1960

Annual property taxes

$14,682.67

Price History

04/18/2024
PortlandOR

PortlandOR #23696912

Price change
$8,500,000
-26.09%
08/11/2023
PortlandOR

PortlandOR #23696912

Listed
$11,500,000

Schools & Community

Elementary school: 

Ruch

Middle school: 

Other

High school: 

South Medford

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lehman Brothers Bank Fsb

Loan start date

November 2006

Original loan amount

$1,937,000

Est. remaining balance

Not provided

Interest rate

6.37%

Loan type

Not Provided, 30 year

Seller

Leslie C Martin and Rachael A Martin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/24/2024 at 5:45 AM

Listing updated: 10/01/2024 at 12:49 PM

Listed by: Kendra Ratcliff, LUXE Forbes Global Properties Phone #: (503) 389-2112

MLS: PortlandOR #23696912

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The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Tomo Real Estate are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively 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. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2024 RMLS of Portland, Oregon. All Rights Reserved.