This exceptional 39.32-acre property on Lake Billy Chinook offers a rare investment opportunity for developers seeking to create a premier residential or vacation community in Central Oregon. Priced at $1.2M, the property's topography consists of gently sloping terrain with dramatic cliffs, offering lakeside access and elevated rimline views. About half of the acreage is submerged under the lake, ensuring lasting views and access to water activities. The property is easily accessible via an easement for SW Inlet Rd, and the parcel offers dramatic scenery, making it ideal for building a custom vacation home or primary residence. Don’t miss this chance to develop a unique property that combines natural beauty, recreational opportunities, and the peaceful lifestyle of Lake Billy Chinook. There is a potential to partition the property (contact broker for more information). Permitting of a Dock: For properties near Lake Billy Chinook, obtaining approval for a private dock or shoreline structure involves securing a Shoreline Structure Permit from Portland General Electric (PGE). This permit requires adherence to the Shoreline Management Plan, which prioritizes public safety and environmental protection. The process includes submitting a signed permit application along with proof of insurance to PGE. Additionally, compliance with local, state, and federal regulations is necessary, and PGE will coordinate with Jefferson County to streamline the approval process. For more details, visit PGE’s Shoreline Management page. Jefferson County has their owner requirements as well. In residential zones, one personal use dock may be permitted, provided it is for private use only and not for commercial or public purposes. The dock must be oriented parallel to the water’s flow and kept to the minimum length required for the site. Structures on the dock, such as storage buildings or elevated walkways, are not allowed. Additionally, docks are prohibited within State Scenic Waterways. A permit must be obtained before construction, and any walkway leading to the dock must be unobtrusive and blend with the natural environment.