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Experience the best of Central Oregon living on this beautiful hobby farm, where wide-open spaces, Cascade Mountain views, and gated access to nearby BLM land create the perfect setting for horseback riding and country living. Designed for horses, livestock, and 4-H projects, the property features a barn with hay storage, tack room, livestock stalls, round pen, covered dog run, raised garden beds with deer fencing, and a spacious shop for hobbies or storage. The updated home offers new windows, new flooring, a certified wood stove, and new roofs on both the home and shop. Zoned MUA-10, the 2 acre parcel may also offer the potential for a future ADU (buyer to perform their own due diligence with Deschutes County). With 2 acres of COID irrigation, this is a rare opportunity to enjoy the Central Oregon lifestyle with room to grow.
A rough estimate, not a quote. Loan amount $576,000 · $144,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
2.13 acres on the county assessor’s map, tax lot 151201D002600 · 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.
2.13 acres on the county assessor's map. Tax lot 151201D002600, 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.
0 listings of every type for sale, 1 pending. 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 20, 2026 | Pending | $720,000 |
| Aug 14, 2026 | Price change | $720,000$5K down |
| Aug 7, 2026 | Listed | $725,000 |
$475 per sq ft
18 days on market. Redmond median to pending is 27 days.
Tax $4,913 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 to $2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
Cash flow
-$2,560/mo
Cap rate
2.1%
Cash on cash
-21.3%
Cash needed
$144,000
At $720,000 with 20% down, this property runs $2,560 per month negative. Adjust the price, down payment, or rent to find what works.
Monthly cash flow
| Year | Value | Equity | Cash flow |
|---|---|---|---|
| 1 | $741,600 | $171,451 | -$30,714 |
| 2 | $763,848 | $199,973 | -$30,409 |
| 3 | $786,763 | $229,616 | -$30,097 |
| 5 | $834,677 | $292,479 | -$29,455 |
| 10 | $967,620 | $473,340 | -$27,735 |
| 20 | $1,300,400 | $970,352 | -$23,738 |
| 30 | $1,747,629 | $1,747,629 | -$18,866 |
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 RE/MAX Key Properties, agent John Ropp, 541-728-0033
Data last updated September 3, 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 $720,000, 20.2% above the Redmond median list price. See full Redmond market →