Rogue Valley developer Laz Ayala’s latest project is a $3.35 million flip

Southern Oregon real estate developer Laz Ayala walked past a residential property for sale in his Ashland neighborhood for almost three years and wondered, "what's wrong with this house?" It hadn't sold during the pandemic panic buying, when the number of homes for sale and mortgage interest rates hit rock bottom, and bidding wars broke through asking prices, sometimes by six figures.

The Northwest contemporary dwelling was appealing from the outside. It sat on a quiet, 0.39-acre corner lot in Ashland's Strawberry Meadows, a tony new subdivision with postcard views of Grizzly Peak. At the base of the mountains lies the art-centric city's downtown.

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