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Seize the chance to own four expansive buildable lots in the heart of Bend, each spanning over 6,000 sq. ft. The possibilities here are truly endless. Whether you envision creating a multi-home community, crafting custom residences, or keeping the lots together to enjoy the already established custom-built 2,006 sq. ft. home on a sprawling .64-acre parcel. Nestled in one of Bend's most coveted locations, you'll find yourself just minutes from the vibrant energy of downtown, the shops and dining of the Old Mill District, the scenic trails of Pilot Butte, and so much more. Blending a prime location with incredible untapped potential, opportunities like this in Bend are few and far between. Don't miss out on the chance to call it yours.
A rough estimate, not a quote. Loan amount $956,000 · $239,000 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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Neighborhood
Larkspur sits on Bend's east side, bounded roughly by Highway 20 and Franklin Boulevard to the north, Reed Market Road to the south, the Parkway to the west, and the urban growth boundary to the east, according to the Larkspur Neighborhood District. It runs from the base of Pilot Butte south to the Reed Market corridor. The district itself is a voluntary group of residents and businesses recognized by the City of Bend, not a homeowners association. Its board is volunteer-run, meets monthly, and works on city-facing issues such as traffic safety, sidewalks, bike access, and land-use review rather than deed restrictions. Bend Source, the Bend alt-weekly, places Larkspur among the east-side neighborhoods that draw families and young professionals for larger lots and short commutes to jobs.
Pilot Butte anchors Larkspur's north end and gives the neighborhood its skyline. The 114-acre cinder cone was donated to the state of Oregon in 1927 by a group of Bend business associates in memory of Terrence Hardington Foley, according to Oregon Parks and Recreation Department records, with additional land added in 1941. Long before the donation, the butte served as a landmark that guided wagon-train immigrants to safe crossings of the Deschutes River. Three trails climb through juniper and sagebrush to the summit, a gain of about 490 feet, and on a clear day the view reaches Mount Bachelor, Broken Top, the Three Sisters, Mount Jefferson, Black Butte, and Mount Hood. The paved summit road is open to vehicles seasonally, May 1 through September 30. The trails themselves are open on foot year-round.
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| Date | Event | Price |
|---|---|---|
| Jul 30, 2026 | Price change | $1,195,000$300K down |
| May 29, 2026 | Price change | $1,495,000$100K down |
| Jan 22, 2026 | Price drop | $1,595,000$200K down |
| Aug 22, 2025 | Listed | $1,795,000 |
28% under the ask
$784,000 to $940,000
4 closed sales
$596 per sq ft
372 days on market. Bend median to pending is 21 days.
Tax $4,536 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Stamp from listing_pricing_reads. 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.
New listings
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 $1,195,000 with 20% down, this property runs $5,056 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 Premiere Property Group, LLC, agent Robert Fine, 541-241-6860
Data last updated September 1, 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.
Aug 2024 to Jul 2026 (24 months) · Market Truth leftover, Bend city, monthly median close. Completed months only.
This home is listed at $1,195,000, 25.8% above the Bend median list price. See full Bend market →