Perched above the scenic Bear River, this exceptional 12-acre offering consists of TWO contiguous legal parcels, creating rare flexibility, expanded building potential, and long-term value. With over 1,000 feet of Bear River frontage and historic mineral rights extending to the center of the river, this property offers a unique connection to one of Northern California's well-known gold-bearing waterways. This setup allows for multiple main residences plus additional living spaces such as an ADUs and junior ADUs, making it ideal for multi-generational living, guest accommodations, or rental income potential. It also gives the option to develop both parcels together or hold one for future use, offering long-term value and versatility. A well-positioned house pad captures panoramic views of the surrounding landscape and river below, set approximately 200 feet above the water for an ideal balance of scenery and usability. The property previously experienced fire impact, with key infrastructure already in place from prior development, including a well and septic system. This provides a meaningful head start compared to raw land, with established improvements already on site. PG&E power is available, and a propane tank is also in place. The land is in a natural recovery phase, with regrowth and a mix of open space and native forest returning across the property, offering a refreshed setting for future development. Conveniently located approximately 20 minutes from Grass Valley and Auburn, the property offers a desirable combination of natural beauty and accessibility, making it well suited for a full-time residence, second home, or investment opportunity. Vacant land financing is available for qualified buyers. This is a rare opportunity to own a riverfront property with substantial river frontage, historic mineral rights, and exceptional development flexibility along a gold-bearing waterway.