| Address: | 87026 Lower Fourmile Lane, Bandon, OR |
| Directions: | Hwy 101 south to Lower Fourmile. West on Lower Fourmile to realtor's sign. |
| Property Descript: | Map 30-15-1 TL1402 |
| Features: | Ultimate Equestrian Estate -- Home & Business on Ten Acres for $745,000 -- Located on ten acres on Lower Fourmile Lane in warmer south Bandon, this is the ultimate equestrian estate, with buildings and grounds in first class condition in every respect.
The property features a newer, custom home and turnkey, established equestrian business with an excellent reputation and proven financial track record.
The boarding stable has eleven stalls, most with runouts and all matted and with feed doors. It is 3,840 square feet with two tack rooms with saddle racks, tack cabinets, wash rack with hot and cold water, feed and tools room, loft storage, three cross-ties, and a well-graded drive with a turning circle upon which trucks pulling trailers may negotiate without backing up. In addition to the main barn, there is a 1,200 square foot secondary barn for hay and bedding storage with a finished office/sitting room.
There are five fenced pastures, each roughly an acre in size, as well as two small grazing areas (mini-pastures), four corrals for holding horses for short periods, and a potential auxiliary well for irrigation. The solidly constructed fencing is of three-rail Port Orford cedar and gates are galvanized steel pipe. The land is level and the native soil is high in sand content providing excellent drainage.
The riding facilities consist of a 20x60 meter standard dressage arena (65x197 feet) complete with judges’ stand, a smaller training arena 20x40 meters in size (65x131 feet), a round pen, and miles of beaches in the immediate area.
The single story 2,090 square foot home was custom built in 1996, and has three bedrooms, two and a half baths, a bright, open layout with excellent southern exposure, cathedral ceilings, maple hardwood floors, a “cooks” kitchen with custom cabinetry, gas stove and walk-in pantry. The home has an office, an oversized two car garage and wraparound exterior decks from which to survey the professionally landscaped grounds, outbuildings and pastures.
There is a second home on the property that can be used as an office, for storage, or other non-residential accessory uses as defined by the Coos County zoning guidelines. Built in 1940, it is 1,436 square feet, and has two bedrooms and two baths. The interior has warmth and character featuring large planked natural wood floors and ceilings.
There is business equipment available for purchase that is not included in the list price of the real property. Some of the items include a John Deere tractor 770 diesel, John Deere riding mower, Fuerst manure spreader, a 1997 Ford extended diesel pickup, and a large selection of jumps, cavalettis, cones, etc..
The stable has an excellent business reputation of high quality service and customer satisfaction, a tenancy record of nearly 100%, and an excellent financial history.
Bandon is a town regarded by many as one of the best long term real estate investments on the Oregon coast, in part because of its spectacular, pristine beaches and scenery, as well as quaint Old Town with excellent restaurants and galleries, and world class, championship golf at Bandon Dunes Golf Resort.
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