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This summer's drought is a reminder of what this property offers that most don't: 3.5 acres of deeded aquifer water rights, operating outside irrigation-district restrictions, on 5 fully fenced acres. Pond, pump and equipment convey. Paired with a 4-stall barn w/tack + feed room, ground + loft hay storage, frost-free hydrant, corral and machine shed, this is a working equestrian setup with trails nearby. The home matches the land. Designed by its original owner, an architect, the vaulted living room frames unobstructed views of the Three Sisters and Broken Top - views that carry through to the Primary Suite, with dual walk-in closets and heated bathroom floors. The kitchen offers an eating bar and walk-in pantry; a separated office keeps work quiet from the main living space. A whole-house generator backs up the property year-round. Water rights like these, on a true one-level home with this kind of view, don't come up often. Schedule a private tour.
Listing courtesy of Keller Williams Realty Portland Elite, agent Daniel Walters, 503-744-0000
Data last updated July 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.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $1,116,000 · $279,000 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 $2,799 ($2,525–$3,225) · HUD Fair Market Rent (FY2025), Deschutes County, 4BR. Edit to your own number.
At $1,395,000 with 20% down, this property runs $6,087 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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