
Listing courtesy of Realty Net of Central Oregon, agent Greg Messick
Data last updated June 20, 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.
After 41 years of partial ownership at Black Butte Ranch, we are selling our two consecutive shares in Golf Home 52. This fully furnished 4-bedroom, 3-bath home is approximately 1,800 sq. ft. on 2/3 acre along quiet Meadow Grass Circle. It borders Big Meadow Golf Course Hole #16, with a pond and treed acreage across the street, plus a large deck.
Ownership is divided into 17 shares. Each share provides at least three weeks per year, with the schedule rotating forward annually. Our M and N shares provide six consecutive weeks each year.
The home includes shared furnishings, bikes, sporting equipment, cleaning, firewood, annual meetings, bylaws, and cooperative maintenance. It has maintained fire-prevention certification for over 15 years and has about $17,000 in reserves.
A recent appraisal valued the home at $1.1M, and one share recently sold for $45,000. Asking $82,500 for both shares plus 1/3 of 2026 dues.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $66,000 · $17,000 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 $82,500 with 25% down, this property cash-flows $562 per month, a 14.5% cap rate and 32.7% cash-on-cash return.
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.
Get the rental projectionBrowse current listings with a full video tour. See the flow, the light, and the lot before you book a showing.



