Pacific Place, a stunning 32-acre property with 2,700 feet of water frontage on the Willamette River, will be sold at auction, at or above a reserve of $3.25 million, by Platinum Luxury Auctions on Saturday, October 30. Once listed for $38 million as a to-be-completed, fully furnished residence, the private property boasts 270-degree water views and is just 40 minutes from downtown Portland and 10 minutes from the Oregon Golf Club, which is ranked as the “#1 Private Course in the State” by the Portland Business Journal.
The peninsular lot is located at the end of a quiet road in West Linn, an affluent southern suburb within the Portland metropolitan area that features upscale farmhouses, riverfront estates and luxurious equestrian manors. The shoreline of Pacific Place offers stretches of golden, sandy beach ideal for the addition of a boat dock (previously permitted by the Army Corps of Engineers).
The framework and exterior construction for a unique single-family home are currently in place. The maintained framework was built by Tom Avgerakis and boasts “commercial-grade” integrity, with extensive use of the best building materials available. New owners have a unique opportunity to complete the home per current plans or fully customize the property to suit their style and needs.
The residential structure was permitted prior to the current land-use regulations for waterfront properties which allows for it to be much closer to the water and guarantees one-of-kind 270-degree river views. There is also an agricultural tax deferral on the property, which creates substantial tax savings for the property owner; currently planted to blueberries, the acreage would be equally well-suited to a vineyard of local varietals such as Pinot Gris or Pinot Noir.
A new design of an ultra-modern manse was commissioned by renowned architect Richard Luke. It will feature a grand ballroom, an automotive salon with a drive-up bar on the lowermost level, a wine vault, and will boast water views from every room. Previous build plans included features such as an indoor racquetball/squash court, an indoor basketball court, an elevator serving all levels, and a sprawling master suite with a private theater.
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