
Listing courtesy of Premiere Property Group, LLC, agent Zak Meaut
Data last updated June 19, 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.
Experience the perfect blend of country living, equestrian functionality, and income potential on this picturesque 4.78-acre property. Conveniently located just minutes from downtown Redmond, Smith Rock State Park, and the airport, this single-level 3-bedroom, 2-bath home features many recent updates. Designed for horse enthusiasts, the property offers indoor and outdoor riding arenas, horse stalls, tack & boarding areas, fully automated underground irrigation, fenced pastures, and extensive livestock facilities including a 3,600 sq. ft. arena, 1,224 sq. ft. barn, and 1,260 sq. ft. hobby stable. An additional insulated structure with power and water provides flexibility for a salon, studio, office, or other use. Enjoy a newer pool and hot tub, pergola, and outdoor entertaining spaces with mountain views. Domestic and irrigation wells are in place. Currently operating as a highly successful Airbnb with strong weekend occupancy. Potential for an ADU adds versatility and long-term value.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $959,000 · $240,000 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 $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $1,199,000 with 25% down, this property runs $5,062 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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