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.
A rough estimate, not a quote. Loan amount $1,116,000 · $279,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
86 listings of every type for sale, 21 pending, 12 sold in the last 30 days. Pinch or scroll to zoom. Tap a place to open it, a mark to open the home.
sold in the last 90 days
5.14 acres on the county assessor's map, tax lot 141133D001100 · County record. Deschutes County Assessor's Office.
Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line.
In Sisters, at the foot of the Three Sisters.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Sisters. The wash is sales density of closes in the last 90 days; homes for sale and pending stay as marks. Pulses and the sold count are the closes of the last 30 days. Counts and medians cover every listing read for this map. The map outlines 61 of the 107 places with a recorded boundary here; listings outside an outline are counted and drawn as dots with no outline to tap. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Sisters
Source: leftover membership, active single-family houses in Sisters. This price is the published list price. Months of supply = active listings divided by average monthly closings over the last 6 months (homes closed in the last 6 months divided by 6). 4 months of supply or less is a seller's market, above 4 and under 6 is balanced, 6 or more is a buyer's market. · updated Sep 4, 2026
38 of 165 Sisters sales closed in $600–700K
| Date | Event | Price |
|---|---|---|
| Jul 6, 2026 | Listed | $1,420,000$25K up |
| Jul 6, 2026 | Price change | $1,395,000 |
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $2,799 ($2,525 to $3,225) · HUD Fair Market Rent (FY2025), Deschutes County, 4BR. Edit to your own number.
Cash flow
-$6,087/mo
Cap rate
1.2%
Cash on cash
-26.2%
Cash needed
$279,000
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.
Monthly cash flow
| Year | Value | Equity | Cash flow |
|---|---|---|---|
| 1 | $1,436,850 | $332,186 | -$73,044 |
| 2 | $1,479,956 | $387,448 | -$72,722 |
| 3 | $1,524,354 | $444,881 | -$72,395 |
| 5 | $1,617,187 | $566,679 | -$71,720 |
| 10 | $1,874,763 | $917,097 | -$69,912 |
| 20 | $2,519,525 | $1,880,056 | -$65,710 |
| 30 | $3,386,031 | $3,386,031 | -$60,588 |
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.
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Listing courtesy of Keller Williams Realty Portland Elite, agent Daniel Walters, 503-744-0000
Data last updated September 5, 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.
