$525,000
7004 Highland
Powell Butte, OR 97753 · Steelhammer Ranch
Coming Soon11 days on market$398/sqft
About this home
MOUNTAIN VIEWS! FIXER! As-is. First time on the market! Lovingly owned by the original owners for more than 45 years, this charming single-level home offers a rare opportunity to create your own Central Oregon retreat. Nestled on 5 peaceful acres in desirable Powell Butte, this 2-bedroom, 2-bath, 1,370-square-foot home has been the backdrop for decades of cherished memories and a lifestyle centered around space, privacy, and the beauty of the countryside. Enjoy native vegetation with stunning Cascade Mountain views that could be even more spectacular with selective trimming of a few juniper trees on the 5 acres. The surrounding landscape offers endless inspiration and a true sense of tranquility. Inside, you'll find a solid home that's a blank canvas ready for your personal design and updates. Whether you're envisioning a modern farmhouse, cozy country escape, or timeless ranch-style retreat, the possibilities are endless.
Listing courtesy of Keller Williams Realty Central Oregon, agent Shanda Harris
Data last updated July 4, 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.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $420,000 · $105,000 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 $1,257 ($1,125–$1,450) · HUD Fair Market Rent (FY2025), Crook County, 2BR. Edit to your own number.
At $525,000 with 20% down, this property runs $2,160 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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