SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934




        Date of Report (Date of Earliest Event Reported) December 1, 2006
                                                         ----------------



                 Pope Resources, A Delaware Limited Partnership
             (Exact name of registrant as specified in its charter)



                       Delaware                         91-1313292
                       --------                         ----------
           (State or other jurisdiction of           (I.R.S. Employer
            incorporation or organization)         Identification No.)



                19245 Tenth Avenue NE, Poulsbo, Washington 98370
                ------------------------------------------------
               (Address of principal executive offices) (ZIP Code)


        Registrant's telephone number, including area code (360) 697-6626
                                                           --------------



                                 NOT APPLICABLE
                                 --------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

[] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
   Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
   Act (17 CFR 240.13e-4(c))


INFORMATION TO BE INCLUDED IN THE REPORT ---------------------------------------- Item 7.01 REGULATION FD DISCLOSURE On December 1, 2006, the registrant announced it has closed on a $12 million sale of 203 acres of residential land to Bremerton Residential Investments LLC. A copy of that announcement is attached hereto as Exhibit 99.1. Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS Exhibit No. Description - ---------- ----------- 99.1 Press release dated December 1, 2006 SIGNATURES - ---------- Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. POPE RESOURCES, A DELAWARE LIMITED PARTNERSHIP DATE: December 1, 2006 BY: /s/ Thomas M. Ringo ------------------- Thomas M. Ringo Vice President and Chief Financial Officer, Pope Resources, A Delaware Limited Partnership, and Pope MGP, Inc., General Partner

                                                                    Exhibit 99.1

            Pope Resources Closes $12 Million Residential Land Sale

    POULSBO, Wash.--(BUSINESS WIRE)--Dec. 1, 2006--Pope Resources
(Nasdaq:POPEZ) announced it has closed on a $12 million sale of 203
acres of residential land to Bremerton Residential Investments LLC.
This property represents the entire residential portion of a 264-acre
mixed use property located within the city limits of Bremerton,
Washington. The property received preliminary plat approval for 631
attached and detached residential units in August 2006. The balance of
the property, the 61-acre Wright Creek Business Park, is zoned for
industrial and business park uses.

    About Pope Resources

    Pope Resources, a publicly traded limited partnership, and its
subsidiaries Olympic Resource Management and Olympic Property Group,
own or manage over 400,000 acres of timberland and development
property in Washington and Oregon. In addition, we provide forestry
consulting and timberland investment management services to
third-party owners and managers of timberland in Washington, Oregon,
and California. The company and its predecessor companies have owned
and managed timberlands and development properties for more than 150
years. Additional information on the company can be found at
www.orm.com. The contents of our website are not incorporated into
this release or into our filings with the Securities and Exchange
Commission.

    CONTACT: Pope Resources
             Tom Ringo, VP & CFO, 360-697-6626
             Fax: 360-697-1156