34161 Ophir Rd
Gold Beach, OR 97444
Honey Bear by the Sea RV Resort & Campgrounds · Specialty Property For Sale · 7,000 SF

Honey Bear by the Sea Resort is an overnight and destination RV Resort located on 50-+ acres just north of Gold Beach, Oregon. Gold Beach is a tourist town on highway 101 in the southern Oregon area known as the "banana belt" of Oregon due to its mild temperatures. The Rogue River meets the Pacific here and tourists come to enjoy the beauty of the area, easy access to the beaches, world class salmon fishing and all of the pleasures the Rogue River has to offer. The Resort setting has been coined "Simply Magical" due to its beautiful meadows, creeks, springs, ponds, abundance of wildlife, old growth forest and the way the sites are integrated throughout. The beach is just across the street and down a lovely pathway deeded to the property. The Resort has just been through a massive renovation with complete infrastructure replacement and upgrades throughout, as well as expansion. There are 101 RV sites(all 30 or 50 amp metered sites), 20 designated tenting sites, unlimited RV/boat storage, a large Bavarian style lodge encompassing a highly acclaimed restaurant, laundry facilities, multiple bath houses, mini mart, a large game/meeting room, a 2 bed 2 bath residence plus 1 bed 1 bath apartment. There is a large wood shop wired for 3 phase, a 30' x 60' 3 door 2 story shop, 2 large equipment shops, 2 outbuildings, a 15 -+ acre creek backed meadow with electricity and much more. Growth has been explosive and the seller feels there is room for more as 2019 occupancy was 34% and there is also a several acre area with utilities to the site prepped for further development as well as some green space that may be develop-able depending on what the buyer wishes to do. Buyer is advised to check with Curry County regarding what is allowed on the property should buyer wish to expand further. NOI last year was approximately $341,700. Seller is asking $3,999,999 with a cap rate 8.6%. The property is in pristine condition and could be managed on site or off. There is a strong staff on board and the resort has an excellent reputation with average ratings on trip advisor, facebook, google, etc. of 4.7 out of 5. The work has been done and the location can't be beat. See complete list of details for more information. Financials available for qualified buyer with non-disclosure. Opportunity awaits! There just aren't many Resorts that compare to this one!