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Otter Crest Loop
Otter Rock, OR 97369

$1,300,000 USD

Land For Sale  •  35.22 AC

Property Details

  • Property Type Land
  • Lot Size 35.22 AC
  • Zoning R-1,RC
0 Transit Score
2 Walk Score

Description

Set along Oregon’s iconic central coastline, this 35.22-acre property in Otter Rock blends natural beauty with promising development potential. Consisting of two parcels measuring 15.56 acres and 19.66 acres, the site is positioned near the Otter Crest Inn and just a short distance from the renowned Devil’s Punchbowl, a major coastal landmark and recreational destination. The surrounding environment includes dramatic landscapes, ocean-view corridors, and a well-established tourism base that strengthens the long-term appeal of residential development in the area.
Both parcels are zoned R-1, allowing single-family residential uses without a discretionary approval process. Previous planning efforts have produced conceptual layouts supporting approximately 110 homes, highlighting the site’s suitability for a traditional residential subdivision. In addition, the land’s varied topography and layout support larger rural homesite divisions for developers seeking lower-density strategies. The broader trade area of nearly 20,000 residents features steady household formation, an aging demographic profile, and strong lifestyle-driven demand, all of which support future absorption.
With its combination of scale, zoning, natural setting, and adjacency to tourism and recreation amenities, the Otter Rock property stands out as a unique development opportunity in a coastal market where large, developable tracts are increasingly limited.

Highlights

Rare large-acreage coastal land holding in a severely supply-constrained stretch of Oregon’s central coast
Concept plans support approximately 110 single-family lots, providing a scalable development pathway
Alternative lower-density division allows for scenic 5-acre rural homesites for diversified sell-off strategies
Minutes from Devil’s Punchbowl, one of Oregon’s most visited coastal attractions with strong tourism demand
Adjacent to established hospitality and recreational amenities within a mature visitor corridor
R-1 zoning permits single-family dwellings outright, providing a clear entitlement foundation

Property Flyers

William Stone 503-200-2025 Marcus & Millichap
William Stone 503-200-2025 Marcus & Millichap