DISCOVERY HEIGHTS presents THE OVERLOOK DEVELOPMENT LAND OPPORTUNITY WHERE THE COLUMBIA RIVER MEETS THE PACIFIC OCEAN Listing Agent 102 Bolstad Ave. E / PO Box 397 503-858-3667 WESTON ROBERTS Long Beach, WA 98631 pacreal.com FOR SALE OCEAN VIEW RESIDENTIAL RESORT DEVELOPMENT Long Beach Peninsula, Washington OVERVIEW Centrally Located on 450 Miles of Pristine Existing/Natural Amenities: Washington & Oregon Coastline: • Property provides for unparalleled access to • Discovery Heights is a uniquely rare property given beaches, many hiking/biking trails including size, location, entitlements, zoning and proximity to a the famous Lewis & Clark Discovery Trail vast number of Historical Sites taken by the CORPS of Discovery in 1805 • At its highest elevation of 290 Feet MSL, the property • Abundant ocean and river fishing; crabbing, provides brilliant Pacific Ocean, Columbia River and clamming and world renowned Willapa Bay oysters Bay views with outstanding territorial provisions • Historic towns of Ilwaco, Chinook, Oysterville, • Strategic location between the Metro regions of Seaview and Astoria, Oregon; together with Portland, Oregon and Seattle, Washington many other quaint coastal villages; and many (population 10 Million within 4 hour drive) local museums • Strong demand for first and second homes and • Ports of Ilwaco, Nahcotta, Chinook and Astoria; Vacation Rental Opportunities Ilwaco Airfield and Astoria Municipal Airport • High volume, local tourism for beach activities, • Nearby Cape Disappointment State Park, year-round festivals and events Lewis & Clark National Park, and the grand lighthouses of Cape Disappointment (1856) and • Residents benefit from ZERO INCOME TAX in North Head (1898) attract over a million Washington State while enjoying the tax-free tourists a year purchasing options in nearby Oregon Listing Agent 102 Bolstad Ave. E / PO Box 397 503-858-3667 WESTON ROBERTS Long Beach, WA 98631 pacreal.com FOR SALE OCEAN VIEW RESIDENTIAL RESORT DEVELOPMENT Long Beach Peninsula, Washington OVERVIEW 250 Acres Zoned Resort/Residential (R-3): • Short-term Vacation Rental Communities • Hotels/Condos/Resort Options • Single-Family & Multi-Family • Commercial/Retail Mixed-Use Options • Utilities Available On-Site • Developers Agreement w/City of Ilwaco Securing Services Yellow line shows the path of the Lewis & Clark Discovery Trail through the property. (450-unit PLUS buildout possible) DISCOVERY HEIGHTS OVERLOOK Listing Agent 102 Bolstad Ave. E / PO Box 397 503-858-3667 WESTON ROBERTS Long Beach, WA 98631 pacreal.com Welcome to the Overlook at Discovery Heights, a unique development opportunity on the Long Beach Washington Peninsula where the Mighty Columbia River meets the Pacific Ocean. One of the last untapped treasures along 450 miles of pristine Washington and Oregon Coastline—this exquisite property is over 250 acres in size—located within the city limits of Ilwaco, Washington. It has access to full utilities and boasts flexible Resort Residential Zoning allowing for a wide range of permitted uses; some of which include residential homes, short-term vacation rentals, hotels, condominiums, and numerous commercial activities. The property is surrounded by the quaint beach communities of Seaview, Long Beach, Ilwaco and nearby towns of Ocean Park, Historic town of Oysterville, Chinook, and Astoria, Oregon. The Lewis and Clark National Park and Fort Canby State Park lie directly south of Discovery Heights along with the lighthouses of North Head and Cape Disappointment which annually see more than one million visitors. The historical Discovery Trail traverses through this Discovery Heights property descending to the ocean beach below, following an 8+ mile path taken by Lewis & Clark and the Corps of Discovery in 1805. From its highest elevation of 290 feet above sea level, the Discovery Heights acreage provides for brilliant territorial, Pacific Ocean, Columbia River and Baker Bay views, with Willapa Bay close by. The gentle sloping ridges and lush, green ravines flow toward a magnificent water feature at the center of the property known as Holman Lake. The Overlook Point is an amazing 25-acre plateau within Discovery Heights, standing high above the Pacific Ocean facing due west and positioned over Beard’s Hollow on Long Beach. Views also extend to the east, looking over Holman Lake, the City of Ilwaco, The Columbia River and its regional bays. This showcase site is a prime location for high-density development suitable for a boutique hotel, single-family vacation rentals, luxury home lots, or a combination of any for vacationers visiting the region. Amenities may include a conference center, restaurant, spa, and commercial retail space. The region around Discovery Heights enjoys a vast array of natural amenities to enjoy and explore. Long Beach is the longest continuous beach in the United States stretching over 28 miles with the peninsula bordered by the Willapa Bay, the 2nd largest estuary on the west coast and known worldwide for its oyster harvesting. The Columbia River divides the states Washington and Oregon and has numerous active commercial and recreational fishing ports at the river’s mouth. It is known to be the greatest of all salmon runs in the world with Port of Ilwaco being one of the main access points for fishing. The historic town of Ilwaco borders Discovery Heights to the east and is situated on Baker Bay. This small community offers a vibrant fishing port, shops, galleries, and eateries; a 600-plus space marina and a community hospital all within a 5-minute drive. Outdoor markets and festivals run throughout the year. There are abundant opportunities for continued re-development in Ilwaco. Nearby, and within the local region, there are countless recreational activities and historical sites to visit. A robust commercial core of restaurants, museums, shops, and big box stores permeate the area with Astoria and Long Beach being a major focus for visitors and locals alike. Listing Agent 102 Bolstad Ave. E / PO Box 397 503-858-3667 WESTON ROBERTS Long Beach, WA 98631 pacreal.com FOR SALE OCEAN VIEW RESIDENTIAL RESORT DEVELOPMENT Long Beach Peninsula, Washington PROPERTY OVERVIEW THE OVERLOOK One of four parcels being offered for sale at Discovery Heights— ±25 acres perfectly situated high Parcel 1 above the Pacific Ocean with The Overlook spectacular views of Beard’s Hollow to the west; Columbia River to the southeast and the historic town of Ilwaco, Washington. Parcel 3 Discovery Cape Parcel 2 Discovery Crest Parcel 4 Discovery Forest LIST OF PARCELS* DISCOVERY HEIGHTS Area Number Area Name Approx Acres Asking Price Parcel 1 The Overlook ±25 $4,500,000 Parcel 2 Discovery Crest ±90 $2,000,000 Parcel 3 Discovery Cape ±110 $3,500,000 Parcel 4 Discovery Forest ±25 $495,000 Total ±250 $10,495,000 * Sellers will deliver parcels as shown above. Current parcels are different. **Parcel #1 is ideal for a hotel and/or a condo village or could be platted for 10 – 20 large, custom high-end homes. ***Parcel #3 has 65 preliminary platted lots; parcel #4 platted for 25 lots—both approved by City of Ilwaco Listing Agent 102 Bolstad Ave. E / PO Box 397 503-858-3667 WESTON ROBERTS Long Beach, WA 98631 pacreal.com FOR SALE OCEAN VIEW RESIDENTIAL RESORT DEVELOPMENT Long Beach Peninsula, Washington ADVANTAGES CENSUS & VACATION RENTAL INFORMATION STRONG SUPPLY – DEMAND CHARACTERISTICS The Ocean Overlook at Discovery Heights is poised to be developed in a variety of ways given its flexible resort residential zoning. The property is located strategically with respect to the densely populated and growing cities of the Portland and Seattle Metro Areas. Diversity of the region surrounding Discovery Heights, the abundant natural amenities, quaint coastal towns and rich local history make the area attractive for home buying and vacation. The desire to enjoy the “coastal lifestyle” in the marketplace has never been stronger nor has the dream of owning a beach property or finding the ideal vacation product. Demand for beach homes and quality vacation accommodations on both the Washington and Oregon Coastlines has increased dramatically over the last decade; however, the supply of quality commercial and privately-owned property options has been relatively flat and not in step with demand. • Vast and growing I-5 Corridor population with approximately 10 million people living between the Seattle, Washington Metro region and Eugene, Oregon to the south. ZONING/DESIGN CHARACTERISTICS • The R-3 Resort Residential zoning is very flexible: Hotels, condos, mixed use commercial and vast residential options. Minimum lot size for single family homes is 3,000 square feet • The project may be gated or ungated • Utilities are onsite (city water & sewer) • See Seabrook WA, for examples of beautiful and successful high density coastal developments LIMITED SUPPLY OF RESORT ACREAGE • Magnificent property immediately adjacent to the Lewis & Clark National Historic Park and Washington’s Cape Disappointment State Park with over a million visitors per year all passing by Discovery Heights • Existing amenities of Discovery Heights and the parks include 10+ miles of paved bicycle trails, two lighthouses and 28 miles of drivable beach • There is virtually no property available on the Oregon or Washington coast with the size (acreage) of Discovery Heights that can provide such magnificence, onsite utilities, flexible zoning and approximately an 10 million population base within a 4-hour driving radius—truly unique Listing Agent 102 Bolstad Ave. E / PO Box 397 503-858-3667 WESTON ROBERTS Long Beach, WA 98631 pacreal.com FOR SALE OCEAN VIEW RESIDENTIAL RESORT DEVELOPMENT Long Beach Peninsula, Washington AMENITIES Walking/Biking ± 10 Minute ± 20 Minute Distance Drive Drive 1. Historic Fort Clatsop - Lewis & Clark’s 1805-06 Winter Encampment 2. Historic Fort Columbia 3. Willapa National Wildlife Refuge - 5,460 acres including 274 acres of ancient cedar grove 4. Willapa Bay - Second largest estuary on the Pacific Coast with great oysters 84 5. North Head Lighthouse 6. Cape Disappointment Lighthouse 7. 8.3 Mile Paved Discovery Trail - Plus several other paved and unpaved trails within parks containing some of the best biking on the coast.