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Opportunity is knocking in the heart of Redmond. Situated just blocks from the vibrant downtown district, the new Redmond Library, Dry Canyon trails, restaurants, coffee shops, and community events, this property is all about location and potential. The existing home is a fixer-upper, on a big lot with amazing alley access, making this an exceptional opportunity for investors, builders, or visionaries ready to create something new. Whether you're exploring redevelopment, a custom build, or your next investment project, this centrally located lot offers a chance to be part of one of Central Oregon's fastest-growing communities. Enjoy the convenience of nearby parks, schools, shopping, and easy access to everything Redmond has to offer. Bring your plans, your creativity, and your vision--the next chapter for this property is waiting to be written. Buyer to perform their own due diligence regarding development potential, zoning, permitted uses, and utility availability.
A rough estimate, not a quote. Loan amount $212,000 · $53,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
0.12 acres on the county assessor’s map, tax lot 151316AB03400 · 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.
0.12 acres on the county assessor's map. Tax lot 151316AB03400, 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.
297 listings of every type for sale, 119 pending, 67 sold in the last 30 days. Tap a place for its numbers, or slide the price.
In Redmond, at the center of the Central Oregon High Desert.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Redmond, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. The map outlines 61 of the 543 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.
| Date | Event | Price |
|---|---|---|
| Aug 31, 2026 | Price dropMlsStatus: Pending → Closed | $240,000$25K down |
| Aug 31, 2026 | Sold | $265,000 |
| Aug 4, 2026 | Pending | $265,000 |
| Jul 29, 2026 | Back on market | $265,000 |
| Jul 29, 2026 | Listed | $265,000 |
$473 per sq ft
32 days on market. Redmond median to pending is 27 days.
Tax $1,515 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 $1,318 ($1,175–$1,525) · HUD Fair Market Rent (FY2025), Deschutes County, 1BR. Edit to your own number.
At $265,000 with 20% down, this property runs $638 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 Windermere Realty Trust, agent Matthew Gilman, 541-923-4663
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.
Median close price $528,000 in Aug 2026, down 7.7% from Aug 2025.
Sep 2024 to Aug 2026 (24 months) · Market Truth leftover, Redmond city, monthly median close. Completed months only.
This home is listed at $265,000, 55.8% below the Redmond median list price. See full Redmond market →