Rare opportunity to acquire a 311± acre timber and real estate investment property located approximately two miles north of Dallas, Oregon, with convenient access to Salem, I-5, Highway 18, and the Oregon Coast. Zoned AR-5 (Acreage Residential – Five Acres), the property offers potential for a planned estate or equestrian community, subject to applicable county requirements.Approximately 220± acres are stocked with 29- to 44-year-old Douglas-fir, with an estimated 2.7 million board feet of timber. An additional 22± acres of non-stocked timberland and 53± acres not currently in timber production may offer opportunities to increase timber stocking. Based on projected growth, timber volume could reach an estimated 4.5 million board feet by 2036.The property features rolling to moderate topography ranging from approximately 520 to 800 feet in elevation, an estimated 3.2-mile rocked logging road system, and approximately 52 acres of low-lying meadow along a tributary of Rickreall Creek. The meadow may offer potential for pasture or equestrian uses. A concept plan illustrates forty 5-acre homesites, with potential Coastal Range views from some eastern sites, available in bid package.Managed for more than 30 years as part of Hampton Lumber’s Mid-Valley Resources ownership, the property offers flexibility for continued timber management, potential residential development, or a private family tree farm. One existing well is located in the southwest portion; additional well and septic systems will be required for future development, as applicable.Timber inventory, type and site-class maps, concept plans, and additional information regarding zoning and subdivision requirements are included in the bid package. Sealed Bids due November 17, 2026.