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51376 Preble Way in La Pine is listed at $4,600,000. It has 20,424 square feet, sits on 0.83 acres, and was built in 2024. Status is Active, with 2 days on market.
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Listing
From the MLS listing. Verify with the listing broker.
See attachment for more information including APOD. The Preble Way Apartments were recently delivered in 2024 and represent one of only a few apartment communities serving the growing La Pine, Oregon market. The subject property is situated on a 0.83 acre flag lot in a quiet neighborhood setting adjacent to Finley Butte Road in La Pine, Oregon. This attractive location is in close proximity to La Pine's city core. The apartments are comprised of 24 - total units. All units are spacious 2BD/2BA single-level style units at approximately 851 square feet each. The Preble Way Apartments represent a one-of-a-kind multifamily project in one of the fastest growing, developer-friendly new markets in central Oregon. Seller willing to guarantee rent at 90% occupancy for one year. Current average rents at Preble Way are approximately $1.80/SF, just under the average for immediate location rental comparables of $1.93/SF. Current capitalization rate based on asking price yields 6.64%.
A rough estimate, not a quote. Loan amount $3,680,000 · $920,000 down · 30 year term.
Insurance starts at 0.35% of price each year. Type your quote to replace it.
0.83 acres on the county assessor's map, tax lot 221014CB00701 · County record. 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.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of La Pine. The wash is sales density of closes in the last 90 days; homes for sale and pending stay as marks. Pulses and the sold count are the closes of the last 30 days. Counts and medians cover every listing read for this map.
The median sale price is $415,000, the middle of 197 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Nov 10, 2026)
La Pine
live MLS through Oregon Data Share, active single-family houses in La Pine, the same count and median list the La Pine market figures on this site publish. This price is the published list price. Months of supply = active listings divided by average monthly closings over the last 6 months (homes closed in the last 6 months divided by 6). A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. · updated Nov 11, 2026
| Date | Event | Price |
|---|---|---|
| Nov 11, 2026 | Listed | $4,600,000 |
| Year | Tax |
|---|---|
| 2025 | $36,627 |
Tax as filed on the listing. Deschutes County. Parcel 265276. County assessor
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La Pine · What to do about this house
The typical cut was 5.8% off the original ask, and the typical home went under contract in 55 days.
La Pine single family homes · every sale that closed in the 12 months to November 10, 2026
Ryan Realty analysis · n=197 · read 2026-11-12 | Ryan Realty analysis · n=112 · read 2026-11-12 | Ryan Realty analysis · n=192 · read 2026-11-12 | public.listings, this listing · OnMarketDate 2026-11-11, calendar days to today in America/Los_Angeles · not DaysOnMarket, which is list-to-close
Tour requests usually get a same-day reply.
Listing courtesy of NAI Cascade
Data last updated November 12, 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.
