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Welcome to this newly built in 2022 single-level home on a spacious 0.5-acre lot in OWW 2! Designed for comfortable living, this 3-bedroom, 2-bath home features soaring 10-foot ceilings, a cozy wood-burning stove, and an open kitchen with warm butcher block countertops and wood laminate flooring. The fully fenced, deer-resistant property is a gardener's dream, complete with two large greenhouses for year-round growing and an extra shed for storage. A detached two-car garage provides plenty of space for vehicles, storage, or hobbies. Ideally located with easy access to Mt. Bachelor, the High Lakes, and endless Central Oregon recreation, this property offers the perfect blend of modern comfort, outdoor living, and convenience.
A rough estimate, not a quote. Loan amount $431,200 · $107,800 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
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.
Drive times
| Date | Event | Price |
|---|---|---|
| Jul 15, 2026 | Listed | $539,000 |
$389 per sq ft
46 days on market. Three Rivers median to pending is 27 days.
HOA $25 per month. Tax $2,633 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.
This home sits in Oregon Water Wonderland Unit 2. 3 recorded documents govern it.
Documents marked with a book, page or instrument number are copies of instruments recorded in Deschutes County, Oregon. Nothing in those records marks a declaration as current or superseded. Later amendments may exist that are not shown here. Confirm the governing chain through title before relying on it. See Oregon Water Wonderland Unit 2.
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 $539,000 with 20% down, this property runs $1,431 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 Sunriver Realty, agent Kellie McDonald, 541-593-7000
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.
Charted at Bend (city) scope
Aug 2024 to Jul 2026 (24 months) · Market Truth leftover, Bend city, monthly median close. Completed months only.
This home is listed at $539,000, 29.9% below the Three Rivers median list price. See full Three Rivers market →