List Price: $945K

Listing Status: Active

Days on Market: 2

3 Bedrooms · 2 Bathrooms · 1,851 sq ft

Property Type: Residential

Year Built: 1973

Lot Size: 5,183,640 sq ft

Garage Spaces: 3

Private Pool: Yes

MLS Number: LC26124024

About This Property

This offering represents a true real-asset investment: a capital preserving forest with optional income, documented downside protection, and long-term inflation-hedging characteristics. The property consists of 116 acres of productive timberland situated on Site Class III redwood ground and managed as an uneven-aged working forest rather than liquidation timber, allowing for income generation while preserving long-term land value. A comprehensive timber inventory and volume model were completed using FORSEE forestry software, providing a transparent, data-driven assessment of current and projected timber value. Total standing inventory is estimated at approximately 2.48 million board feet. A modeled 40% selection harvest projects harvest volumes of approximately 741,000 board feet of redwood and 251,000 board feet of Douglas-fir, yielding an estimated net timber value of approximately $764,672 after Timber Harvest Plan (THP) costs and yield tax. Complementing the land and timber value is an approximately 1,851 sq ft, 3 bed, 2 bath residence with a beautiful loft overlooking the open living room. The home features an open floor plan with vaulted ceilings and was built by Dick Coolidge, who also built the Comptche Church, using locally sourced wood including resawn redwood exterior siding, a new resawn redwood deck, large exposed beams, and redwood accents throughout. A custom live-edge madrone slab stairway serves as a striking rustic centerpiece. The living area includes a large brick guitar-shaped fireplace with a wood stove insert that efficiently heats the entire home, along with a brick pizza oven accessed from inside the living room for entertaining and creative cooking. The remodeled kitchen is highlighted by a one-of-a-kind slab of Brazilian granite and cherry-toned hardwood cabinetry. Interior doors are primarily solid-core mahogany with select clear-grain Douglas fir doors. The property offers ample flat, usable ground with generous space for parking, storage, and future utility improvements. A new composition roof was installed in November 2022. This asset provides true optionality: harvest now for income, defer harvest to compound biological growth, or hold as a hedge against inflation while preserving the integrity of the underlying real estate for future generations. Well suited for 1031 exchange buyers, hard-asset allocators, and legacy-oriented land investors.