$685,000
8350 Highway 97
Redmond, OR 97756
Closed May 202560 days on market$392/sqft
About this home
Description
Listed for the 1st time since 1995: This beautifully kept 2.72-acre property w/1-acre of water rights has 6 ponds, waterfalls, & backs 36 acres of BLM. Home has beautiful copper roof, 4 beds, 2 baths, & huge covered back patio. The updated kitchen features granite tile counters, 2 ovens, & stainless-steel appliances. The updated bathroom has cultured marble countertops & shower. The in-ground irrigation can gravity drain at the end of the season. Just behind the home, sits the large 2,400 sq. ft. metal shop w/3-20' roll up doors, 3-man doors, & 3-220 outlets for all your Central Oregon toys! Mixed Use Agricultural Zoning helps keep this property uses flexible. Don't miss out on this once-in-a-lifetime property!
Facts
Property details
Overview
- Bedrooms
- 4
- Bathrooms
- 2.0
- Living area
- 1,861 sq ft
- Property type
- Single Family Residence
- Year built
- 1979
- Property age
- 47 years
- Style
Listing courtesy of High Desert Realty, LLC, agent Rosann Garza
Data last updated June 27, 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.
Live market context
Redmond market
Updated 14 min ago
Active in Redmond
154
Median list
$547k
Median DOM
15 days
Months of supply
4.0
This home is listed at $730,000 — 33.3% above the Redmond median. See full Redmond market →
Education
Schools
Estimate
Monthly payment
A rough estimate, not a quote. A real number comes from a lender.
Principal + interest$3,885/mo
Property taxes$453/mo
Homeowners insurance$203/mo
Total monthly (PITI)$4,541
Loan amount $584,000 · $146,000 down · 30 year term
For investors
Rental analysis
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.
Purchase & financing
$
$
20% · $146,000
%
Income
$
Estimate $2,799 ($2,525–$3,225) · HUD Fair Market Rent (FY2025), Deschutes County, 4BR. Edit to your own number.
%
Operating expenses
$
$
%
%
%
$
Cash flow
-$2,300/mo
Cap rate
2.6%
Cash on cash
-18.9%
Cash needed
$146,000
At $730,000 with 20% down, this property runs $2,300 per month negative. Adjust the price, down payment, or rent to find what works.
Monthly cash flow
Gross rent$2,799
Vacancy (5%)- $140
Operating income$2,659
Operating expenses- $1,073
Net operating income$1,586
Loan payment- $3,885
Cash flow-$2,300
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.
History
Listing history
- Price changeMay 20, 2025$685,000
Location
Where this home sits
In Redmond, at the center of the Central Oregon High Desert.
Climate
Climate risk
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 reportInvestment
Vacation rental
We 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.
Get the rental projectionRedmond · For saleFeatured
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