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Motivated seller has just reduced the price to $339,900 on this special one acre property which backs to heavily treed BLM land. The 3 bedroom home offers master bedroom separation from the other guest rooms. The large master bath has a garden tub. Living room has a high functioning pellet stove which will keep you cozy as you watch the elk, deer and other wildlife passing through. The circular drive takes you directly to the 40' x 36' solid concrete slab ready for a multi-car garage/shop with room for motorhome. The property is almost fully fenced and has a high producing private well. Seller will contribute $5,000 toward Buyer's closing costs.
A rough estimate, not a quote. Loan amount $271,920 · $67,980 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
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Education
Neighborhood
Three Rivers is an unincorporated, census-designated community in south Deschutes County, south of Sunriver and north of La Pine, just west of US-97. The name comes from three waterways that converge in the area. The Deschutes River runs along the west side, the Little Deschutes River runs through the east, and the spring-fed Spring River joins the Deschutes from the north. Elevation is 4,187 feet, and the 2020 census counted 3,925 residents across 7.53 square miles, or 4,819 acres, up from 3,014 residents in 2010. There is no city government here. Deschutes County provides public services, and the Bend-La Pine School District covers the schools.
More than 20 named subdivisions make up Three Rivers, each with its own character and price point. Cougar Grove, Deschutes River Recreation Homesites, Fall River Estates, Lazy River, Lazy River West, Pinewood Country Estates, Spring River Acres, Water Wonderland, and Vandevert Ranch are among them. Lot sizes range from under a quarter acre in the smaller residential subdivisions to five-plus acres in the timbered, riverfront ones. Some lots carry manufactured homes. Others carry custom homes on acreage that backs directly onto the Deschutes. Most subdivisions rely on private wells and septic systems rather than a city water or sewer utility. Governance is split the same way. No single master association covers Three Rivers, and there is no one HOA assessment to quote for the area. Deschutes River Recreation Homesites, the largest of the platted groups, is run unit by unit, with Unit 6 and Unit 9 each keeping a separate property owners association, its own board, and its own governing documents. Neither posts its dues on a public page. Unit 9 keeps its financial documents behind an owner sign-in. So the carrying cost on a Three Rivers lot has to be confirmed one subdivision at a time, before an offer, not after.
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| Date | Event | Price |
|---|---|---|
| Aug 19, 2026 | Price change | $340,000$5K down |
| Aug 6, 2026 | Price change | $345,000$5K down |
| Aug 3, 2026 | Price change | $350,000$15K down |
| Jul 27, 2026 | Price change | $365,000$5K down |
| Jul 12, 2026 | Price change | $370,000$10K down |
| Jul 2, 2026 | Price change | $380,000$5K down |
| Jun 24, 2026 | Price change | $385,000$10K down |
| Jun 18, 2026 | Price change | $395,000$5K down |
| Jun 16, 2026 | Listed | $400,000 |
$286 per sq ft
67 days on market. Three Rivers median to pending is 24 days.
Tax $1,792 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
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Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $339,900 with 20% down, this property runs $276 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
Listing courtesy of Holiday Realty Central Oregon, agent Rick Coffin, 541-385-5069
Data last updated September 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Charted at Bend (city) scope
Median close price $750,000 in Aug 2026, down 5.7% from Aug 2025.
Sep 2024 to Aug 2026 (24 months) · Market Truth leftover, Bend city, monthly median close. Completed months only.
This home is listed at $340,000, 55.8% below the Three Rivers median list price. See full Three Rivers market →
