220 Ac Master Plan Development Opportunity
Property being offered in June 16, 2021 Sealed Bid Auction. Contact listing office for bid package.
TWO-STEP AUCTION: A Minimum Bid of $1,800,000 is required to qualify to purchase property in its entirety; a Minimum Bid of $1,100,000 is required to qualify for Parcel A (142 acres), or a Minimum Bid of $700,000 is required to qualify for Parcel B (78
acres). Each sealed bid must include the amount to be paid above the minimum bid once entitlements are obtained, or after a period of three years, whichever occurs first. Please see data site for terms and conditions.
LAST ASKING: First Time Offered
SIZE: 220 Acres
Parcel A 142 Acres
Parcel B 78 Acres
ELEVATION: 20 to 120 Feet
ZONING: R3 Resort Residential (140 acres)
G5 General Development (80 acres)
PROPERTY INSPECTION: Locked Entry Gate Walk In Only
FINANCING: Balance above minimum bid amount will be secured by a first deed of t...
FINANCING: Balance above minimum bid amount will be secured by a first deed of trust, with no interest. Balance is due and payable once entitlements are obtained, or within three years.
These 220 acres, adjacent to the resort community of Seabrook, is one of the largest development properties for sale on the Washington Coast. It is zoned for resort and residential uses, which would allow a development similar in density to Seabrook. Pacific
Beach is one of the most spectacular stretches of Washington Coast. The auction property, on a bluff with level topography, has paved entry from Washington State Route 109. There is nearby access to an extensive stretch of beach at both Seabrook, and at Pacific Beach State Park one mile to the north of the auction property. Ocean Shores community, a 25-minute drive south, has the Quinault Resort and Casino, and 18-hole Ocean Shores Golf Course. The auction property is situated strategically to both Seattle (a 2.5 hour drive) and Portland (a 3 hour drive) which are the two largest markets north of San Francisco. This section of the Washington Coast also is gateway to Olympic National Park.
THE PROPERTY AND PRE-ENTITLEMENT WORK
The 220 acre tract has historically been managed as commercial forestland. Seller recently harvested and replanted 34 acres in the northeast corner, and developed an entry road from SR 109 for future property development. A system of old logging roads provides access throughout the property, which has stands of 30- to 40-year-old spruce and hemlock. The northern section is along a portion of Joe Creek, tributary to the Pacific Ocean. A smaller creek along a drainage is the boundary between Parcel A, north of the creek, and Parcel B, south of the creek. Topography is primarily level, except along the two creek drainages. There is a system of trails that have been used by nearby residents for hiking and mountain biking. The entire tract is currently classified as forestland, with low annual taxes of less than $1,600. The Seller, a family trust, assembled a team of real estate marketing and development professionals to work with Core Design, a Bothell, Washington firm providing land planning, civil engineering, and landscape architecture, to start preliminary entitlement work to accelerate sale of the property in 2021.
Pre-entitlement work has been completed, and includes the following:
Critical Areas Report by Envirovector The report identifies 160 acres suitable for development.
Preliminary Geotechnical Engineering Report by Associated Earth Sciences The report identifies no significant constraints to development.
Initial Pre-Application Meeting with Grays Harbor County Planning, Public Works, and Fire Departments A March 10, 2021 meeting was held to 1) review low to high density concept plans prepared by Core Design, and 2) better understand the timing and process for obtaining entitlements due to the propertys current zoning, and location within Grays Harbor County Water District and Grays Harbor County Sewer District.
County staff verifies that the 80 acres currently zoned G-5 (the eastern section of the property) will need to be rezoned to R-3 if that 80 acres is to be developed in a density greater than 16 units. All new development will be connected to existing water and sewer lines along SR 109, by the property.
Grays Harbor County Public Works Department confirms existing capacity of both water and sewer will accommodate the densities outlined within each concept plan.
Entitlements for any one of the four concept plans should be obtainable within the three years outlined for the buyer(s) to make final payment, for either the property in its entirety, or for Parcel A or Parcel B. Summary of the March 10 meeting, along with Critical
Areas and Geotechnical Engineering Reports, are available on the data site.
