A rare opportunity to invest in a 250 acre Preserve/Estate with significant development potential! Located on the Northwest edge of Bend, bordering the captivating 184 acre Riley Ranch Nature Reserve which offers open space & trails that have connectivity to Tumalo State Park. This property features dramatic views of the Cascade Mountains & rim line above the Deschutes River. Enjoy surrounding meadows with old- growth juniper, pine trees, lava rock outcroppings, distant city views, wildlife sightings, & awe-inspiring views of the natural landscape. Swalley Irrigation water rights are also available. Conceptual plans of 10 acre parcels and a PUD available. The property can be sold in 3 separate parcels, Buyer will also be offered the first right of refusal on an additional 62 acres with rim line overlooking the Deschutes River, shop, barn, estate home, historic home & more.