$499,000
5498 Butte Falls
Eagle Point, OR 97524 · N/A
Down $126,000 from original list price $625,000.
Active74 days on market$320/sqft
Facts
Listing courtesy of John L. Scott Ashland, agent The Gibson Group
Data last updated June 22, 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.
Turnkey home on 1.63 acres with EPID irrigation rights, this property supports gardens, animals, and a relaxed country lifestyle at a peaceful location along South Fork Reese Creek. A standout feature is the expansive shop with 100 amp and 220 power, RV door, welder outlet, hoist, and loft--ideal for projects, storage, or recreational vehicles. 3 bedrooms, 2 baths, and 1,560 sq ft with a light-filled floor plan, plus a newer roof and exterior paint. This property includes a secondary tax lot of .57 acres, zoned RR-5 (Buyer to complete their own due diligence on development potential). The attached, fully insulated and finished 2-car garage adds flexible workspace and everyday convenience. Mature fruit trees--apple, plum, and black walnut--pair with a greenhouse, chicken coop, and woodshed for a truly usable property with room to grow. Sellers willing to offer $10,000 towards buyer's allowable closing costs with an acceptable offer.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $399,000 · $100,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $2,500 ($2,125–$2,875) · starting estimate. Edit to your own number.
At $499,000 with 25% down, this property runs $1,054 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.
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.
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