Island Springs Ranch is a privately owned 40-acre property located in Camp Sherman. A rustic cabin sits nestled along a peaceful section of Lake Creek, which winds through the property, offering a serene setting with abundant wildlife. Surrounded by 146,071 acres of Deschutes National Forest, this rare freehold property, in an area otherwise defined by Forest Service leases, is available for the first time in over 100 years. World-class fly fishing awaits on the nearby Metolius River. Multiple natural springs throughout Lake Creek sustain the lush, verdant vegetation that blankets the property (Island Springs Ranch). Alongside the 1952 fishing cabin, a vintage train car, reimagined as cozy guest quarters, adds another story to a place built for long summers and generations to come. 100 years. One family. Now ready for the next.
▶ Tour
Listing courtesy of Varsity Real Estate, agent Justin Scott
Data last updated July 14, 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.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $2,560,000 · $640,000 down · 30 year term
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
Get the rental projection