It may not look it but this is Eugene’s most expensive property – And there is a big reason why

September 11, 2023 by No Comments

A Eugene property has just been listed for sale on Zillow and it’s the most expensive property in the entire city. It may not look like much but this is listed for $6,000,000. Unfortunately, there is no real information on the actual house, and neither did the realtor upload any photos.

So, all we have to go on is the picture below. This shows what is assumed to be a standard two-bedroom house and it isn’t the biggest property around either. Furthermore, it also looks a bit run down and unloved. So, why does the owner want so much money? It turns out that this has one big reason going in its favor.

Image//Zillow

One of the few things listed in this article is the size of the land. It turns out that it’s absolutely massive and is over 67 acres in size. This means that the land is obviously valuable and could be utilized by a business. The property is located on Coburg Road. and is clearly farmland. However, it is also near a number of houses so from a business perspective, it could work.

The only issue with this is red tape. Despite the potential to be monetized, sometimes land like this cannot be commercialized. However, if this was not the case then it could potentially be a good deal for someone. If nothing else, this is a good example that sometimes you should never judge a book by its cover.

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