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GM2 in Black Butte Ranch Experience resort living on over a 1/2 acre in this beautifully redesigned 3,721sqft home in the desirable Glaze Meadow of Black Butte Ranch. Expanded and thoughtfully remodeled in 2005, this custom residence showcases dramatic vaulted wood ceilings, a stunning floor-to-ceiling slate fireplace, and expansive wall of windows that bring the beauty of the surrounding forest indoors. The gourmet kitchen is designed for both everyday living and entertaining, while spacious bedrooms and office provide comfort and privacy. The 2nd primary suite upstairs features its own private balcony overlooking peaceful forest land, creating a perfect retreat. Rich hardwood floors, exceptional craftsmanship, and abundant natural light, enhance the home's warm and inviting atmosphere. Ideally located near the ranch's premier amenities, convenient access to golf, swimming pools, tennis courts, pickleball, fine dining, horseback riding and more. Sold furnished in ''As Is'' condition
A rough estimate, not a quote. Loan amount $1,280,000 · $320,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
0.53 acres on the county assessor’s map, tax lot 140915C003500 · County record
Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line.
0.53 acres on the county assessor's map. Tax lot 140915C003500, Deschutes County Assessor's Office. Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
2 listings of every type for sale, 1 pending. Tap a place for its numbers, or slide the price.
In Sisters, at the foot of the Three Sisters.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Sisters, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. The map outlines 61 of the 107 places with a recorded boundary here; listings outside an outline are counted and drawn as dots with no outline to tap. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Neighborhood
Black Butte Ranch sits eight miles northwest of Sisters, Oregon, on 1,800 acres at 3,376 feet in the eastern Cascade foothills, bordered on several sides by Deschutes National Forest. Black Butte, the 6,436-foot cinder cone the ranch takes its name from, rises just to the northeast. The land was cattle range before it was a resort. Stewart Lowery, a San Francisco businessman, bought the property in the mid-1930s and gave it the Black Butte Ranch name. Howard Morgan, a former Oregon Public Utility Commissioner, owned it through the 1960s, then sold it in 1969 to Brooks Resources Corporation, a Central Oregon timber company branching into recreational development. Brooks took full title in January 1970 and started building. It was the company's first project in the region.
The first homeowners moved in during 1971, the same year the ranch got its own post office. Brooks Resources ran the development through the 1970s, then handed the roads, bike paths, and common areas to the homeowners association in 1982. Five years later, in 1987, the association bought the two golf courses and the Lodge outright, and it has owned and operated the whole resort since. Brooks also shaped the town of Sisters at the same time, offering local merchants free architectural help and no-interest loans in the 1970s to adopt the Western storefront look that still defines Sisters' downtown today. Of the 1,251 homesites platted across the ranch, about 20 remain undeveloped.
Drive times
| Date | Event | Price |
|---|---|---|
| Aug 28, 2026 | Pending | $1,600,000 |
| Aug 14, 2026 | Listed | $1,600,000 |
$430 per sq ft
16 days on market. Black Butte Ranch median to pending is 27 days.
HOA $581 per month. Tax $11,764 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.
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 $1,600,000 with 20% down, this property runs $8,395 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 Berkshire Hathaway HomeService, agent Michelle Carpenter, 541-322-8880
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 Sisters (city) scope
Median close price $722,000 in Aug 2026, down 11.3% from Aug 2025.
Apr 2024 to Aug 2026 (24 months) · Market Truth leftover, Sisters city, monthly median close. Completed months only.
This home is listed at $1,600,000, 39.1% above the Black Butte Ranch median list price. See full Black Butte Ranch market →