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Residential Land for Sale in Medford, Oregon

5111 Cherry Ln, Medford, OR 97504

$1,350,000
7 acres
Active
Est $9,444/mo

Prime 6.97-acre parcel with potential opportunity for MFR-15 zoning allowing 10-15 units/acre. Truly a beautiful piece of land, this stunning property offers panoramic views across the valley to the west with breathtaking sunsets. Surrounded by upscale custom homes in the desirable Hillcrest/Cherry Lane area. Perfect for multifamily or residential development, it provides flexibility to build on a single tax lot (no need to split-multifamily can be built on 1 tax lot) or split into multiple lots. Annexed into the city in 2008, it's a part of the SE Medford plan for medium-to-high density housing, making it a rare opportunity with incredible development potential. Conveniently located in a lovely neighborhood, this site combines beauty and functionality for your next project. Buyer to perform own due diligence with the City of Medford. All information is deemed reliable but not guaranteed. Buyer to do all of their own due diligence to verify all information.

Location

Street address
5111 Cherry Ln
Elevation
1,913 feet
Coordinates
42.323, -122.7858

Property details

Acreage
6.97 acres
Zoning
SFR-00
MLS #
SORMLS 220193799
Posted

Property taxes

2023
$2,758

Parcels

  • 10721991

Details and features

Listing

Type
Land

Lot

View
City, Mountain, Panorama, Territorial, Valley

Nearby schools

NameLevelDistrictDescription
Hoover ElemElementary
Hedrick MiddleMiddle
South Medford HighHigh

Listing history

DateEventPriceChangeSource
June 17, 2025New listing$1,350,000SORMLS
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This 6.97-acre property is located at 5111 Cherry Ln in Medford, OR 97504. The property is available for sale for $1,350,000 with a price per acre of $193,687.

Checked 1 hour ago — Updated

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Copyright (C) 2025 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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