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Set on 5.24 irrigated acres in sought-after Equestrian Meadows, this beautifully remodeled ranch property captures the best of Central Oregon living with sweeping views of the Cascade Mountains and iconic Smith Rock. Thoughtfully updated with comfort and style in mind, the home features a desirable main-level primary suite, three bedrooms, three bathrooms, granite countertops, brand-new stainless steel appliances, updated tile bathrooms, two fireplaces, Low-E windows, and a spacious upstairs bonus room. Designed for the equestrian lifestyle, the property includes a three-stall barn, fenced irrigated pasture, two-bay shop, multiple outbuildings, and 5.0 acres of irrigation water rights. A dedicated garden area with greenhouse offers space for seasonal growing, while the expansive acreage provides opportunities for horses, livestock, hobbies, and recreation, subject to applicable zoning and local regulations. With exceptional views, quality improvements, and room to enjoy the ranch life
A rough estimate, not a quote. Your lender gives you the real number.
Loan amount $1,000,000 · $250,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers 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 $1,250,000 with 20% down, this property runs $5,470 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.
Listing courtesy of John L Scott Bend, agent Lisa Courtney, 541-317-0123
Data last updated August 9, 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.
