0 Forbestown Road Oroville, CA 95966

$9,520,000 Active

About the Property

Approved Specific Plan entitled for 112 single family homes, owner would sell all or a portion of 112 acres for homes. Bond in place to pay for infrastructure, including waste water treatment, water line, and water storage tank. 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, has entitlements, overlooks California’s 2nd Largest Lake. Seller has been developing and improving the land for many years. Buyer has opportunity to acquire the land with its entitlements, mitigating significant land development risk; saving tremendous amounts of the developer’s time and money. The Specific Plan was adopted by Butte County in 1994. 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. The land also has no debt.

Property Information

Lot Size 112 Acres
Property Type Land/Lot
Zoning Specific Plan
Listing Number SN19237554
Listed 9/19/2019
Modified 10/23/2019
Listing Agent Kelly Lotti
Listing Office Century 21 Select Real Estate, Inc.

Property Features

Land Lease
  • No
Lot Features
  • Rolling Slope
Water Source
  • Public
Waterfront
  • Lake
  • Marina in Community
Views
  • Lake
  • Marina
  • Mountain(s)
  • Panoramic
  • Trees/Woods
  • Valley
Community
  • Fishing
  • Foothills
  • Hiking
  • Lake
  • Horse Trails
  • Watersports
  • Rural
  • Valley