NEARLY 120 ACRES, TWO HOMESITES & APPROXIMATELY $238K IN TIMBER VALUE! Discover wide open possibilities just minutes from town. This picture-perfect setting blends rolling farmland with stands of mature trees, creating a landscape that feels both peaceful and full of potential. The property includes two separately addressed existing dwellings. Seller has received Yamhill County replacement dwelling approvals for both dwellings, valid through May 13, 2030. Buyer to verify all uses, occupancy status, replacement rights, and future development potential with Yamhill County. The existing farmhouse (2BD/1 BA) offers a good foundation with several key updates already in place, including a new roof (2021), new baseboard heaters, fresh exterior and interior paint, and updated flooring. While still simple in its current condition, it has good bones and is ready for your vision and personal touch. Refresh and build on what's here, or start fresh and create the dream home you've been imagining. The second dwelling is a 1998 manufactured home (3 BD/2 BA). It features a newer front porch and brings opportunity for a multigenerational homestead. Multiple outbuildings add even more versatility for storage, hobbies and workspace. Approximately 45 acres in Fescue is currently leased, offering flexibility for income or future plans. A recent timber cruise indicates approximately $238,000 in timber value, adding another layer of opportunity and long-term appeal. Located less than 10 miles from McMinnville, you'll enjoy easy access to everyday conveniences like shopping, dining, healthcare, and local entertainment, while still feeling worlds away. Surrounded by the beauty of Oregon wine country, with nearby wineries and the renowned Eola Hills AVA, this is a rare opportunity to create something truly special. Space, setting, and endless potential, all ready for its next chapter.