Rare opportunity on a 2/3-acre lot in Evergreen Meadows! One of only two homes on the very short Horse Ranch Road, this property offers privacy, peace, and abundant wildlife. Just a short distance to HUNDREDS of acres of public land, enjoy endless hiking, trail riding, hunting, and year-round outdoor recreation just steps from your door. The 1977 manufactured home features 2-bedrooms, 1-Bath, and 924-sq. ft., ready for renovations—perfect for a handy buyer, investor, or flipper. Build your dream home or remodel the existing home on this highly desirable lot just above Lost Creek Lake. Community water system and good septic are in place. Owner carry terms available with a large down payment, though cash is preferred. Do not enter the property or home without an agent present. A rare, private retreat with huge potential for outdoor enthusiasts or anyone searching to create their ideal mountain getaway!
Listing courtesy of Windermere Trails End R.E., agent Michael Coble
Data last updated July 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.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $100,000 · $25,000 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 $625 ($525–$725) · starting estimate. Edit to your own number.
At $125,000 with 20% down, this property runs $361 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.
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