Oregon’s $18M Del Mar Estate Sells for $3M, Includes c.1906 Victorian Guest House
22111 Riverwood Road, Dundee, Oregon, United States, 97115
Dundee, Oregon’s landmark Del Mar Estate has found a buyer after sitting on the market since 2017. Oregon Live reported the sale, which came after putting the 46.6 acre estate up for auction. It sold for $3,000,000 as-is to an unknown buyer. The sprawling riverfront estate was developed by the late Delford M. Smith, American aviator and businessman, who reportedly poured over $18,000,000 into the property. Smith founded Oregon-based Evergreen International Aviation, Inc. in 1960 which became known for commercial helicopter operations in agricultural and forestry applications. He developed a spray system called the “PaceSpreader” and was one of the first to use helicopters for spraying fertilizer, spreading seed and fighting forest fires. Due to financial hardship, the company ceased operations in November 2013 and by 2014 had declared Chapter 7 bankruptcy. Smith died of natural causes on November 7, 2014. Following Smith’s death, the property was put on the market for $5,998,000 in 2017. It was reduced to $4,998,000 in 2018 before heading to auction with an opening bid of $2,250,000. The sprawling estate includes a 26,148 square foot main house with eleven bedrooms, ten bedrooms and an indoor pool as well as a bonus c.1906 Victorian home, known as the J.D. Gordon House, with original exterior and windows. The nearly 5,000 square foot Victorian was remodelled in 1999 and retains the original oak flooring, a grand staircase, French doors, an updated kitchen and views of the Willamette River. The grounds come beautifully landscaped with formal gardens, two sports courts and meandering paths. Todd Wohl of Premiere Estates told Oregon Live that the buyer is from Oregon but did not disclose if future use would be as a private residence or business venture.