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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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22770 SW Elwert Rd , Sherwood, OR 97140
$7,500,000
Est. Payment: $37,711.25/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 378
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Potential Multifamily opportunity. Current zoning is low density residential, and multifamily will require a zoning change. There is positive indication from the City of Sherwood regarding the zoning change, but no pre-app conference or formal discussions have been had. The property to be sold includes the 13.82 acre parcel. Special consideration will be given to the Buyer who will: 1.Work with the Seller to minimize impact of daily operations of the Lodge. 2.Include the removal and decommissioning of the existing septic tank, and connect the Lodge to sewer.3.Include gated road access from the development of the 13.82 acre parcel to the 4.89 acre parcel. 4.Meet or beat a minimum Purchase Price $7,500,000. The Seller would like to see your highest and best offer. 5.Due Diligence Period should be no more than 60 days. 6.Significant Earnest Money shall be non-refundable and released to the Seller at the end of the Due Diligence Period. 7.Demonstrate knowledge and experience in working with the City of Sherwood to develop property.

Highlights

Listed by Jeffry Wiren , 503-869-3513 and David Hopkins , 503-670-9000 Premiere Property Group, LLC , 503-670-9000. Portland Regional Multiple Listing Service mls logo

Property Type

Vacant Land

Lot/Acreage
13.82

County

Washington

Area

151 - Tigard, Tualatin, Sherwood, Wilsonville

Listing ID

717901785

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Gentle Sloping
Zoning:LDR
Principal Interest
$37,711
Taxes
$1,728

Home Price

$7,500,000

Loan Details

30 yrs
6.446%

Down Payment

20%
$1,500,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$37,711.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $37,711.25 $1,727.65 $0.00 $39,438.90
Yearly $452,535.05 $20,731.75 $0.00 $473,266.80
Total $13,576,051.43 $621,952.50 $0.00 $14,198,003.93

Today's Rates

30 Year

6.45%

20 Year

6.23%

15 Year

5.73%

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Market insight data is pulled from the same city as the listing being viewed (Sherwood, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-07-23T23:14:11.000Z

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