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July 12, 2024
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Large 262-Acre Development Parcel in Bend, OR Being Marketed for Sale


Oregon Department of State Lands has put on the market 262 acres of developable land in Bend, OR. Referred to as the Stevens Road Tract – Phase II, the property is within the City of Bend Urban Growth Boundary and presents the opportunity to design a Master Plan consistent with the recently updated Comprehensive Plan, for a minimum of 2,487 residential units.

The Stevens Road Tract provides a very desirable central Oregon location next to the Old Farm neighborhood and the in-process Stevens Ranch master planned community at the southeastern boundary of the City of Bend. The land offers a sensational view of the Cascades to the west.

Located at 61200 SE 27th St, the Tract 2 site is positioned at 27th St and Reed Market Rd, two major arterial roadways serving southeast Bend. Highways 20 and 97 are also both conveniently located within a few miles, with downtown Bend also closely proximate. The local area also boasts an attractive place to live and work, with many public parks and trails that will be further enhanced with completion of these projects.

The State of Oregon has worked closely with the city of Bend to ensure this parcel is developed into a complete community that includes affordable and workforce housing as part of walkable neighborhoods. Additionally, in conjunction with the development, the city of Bend will receive twenty acres of the site to be deed restricted for certain levels of affordable housing and schoolteachers.

The listing was awarded to Cushman & Wakefield sales team led by Matt Johnson in Portland, in collaboration with Matt Davis, Melanie Haynes and Jared Gross of the firm’s specialized Land Advisory Group.

“The state of Oregon saw significant benefit from the sale of the first phase of Stevens Road Tract, now being developed as Stevens Ranch, and will see added benefit from the sale of these school lands,” says Vicki L. Walker, director of the Oregon Department of State Lands. “Sale proceeds will go to the Common School Fund, which sends millions to Oregon’s public-school districts each year. A new future large-scale residential project of nearly 2,500 units will greatly support the continued housing needs of Bend, one of the state’s finest cities and remains as a fast-growing city.”

Bend has a population of approximately 100,000 people and ranked as the fiftieth fastest-growing population of any city in the U.S. over the past five years, according to a 2023 report from SmartAssets. The Stevens Road Tract Concept Plan takes a unique approach to the planning and development of a complete community on the east edge of Bend, according to the city.

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