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5010 N Highway 97 in Terrebonne is listed at $550,000. It sits on 12.52 acres. Status is Active, with 160 days on market.
Overview
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
Your Central Oregon Opportunity Awaits! Two contiguous tax lots totaling 12.52 acres are being sold together, offering endless potential in the heart of Central Oregon. Currently used as pastureland, the property is ideally situated along Highway 97 in Terrebonne, just north of Redmond, one of the region's fastest-growing communities, with convenient highway access for commuting. The property includes 11.90 acres of irrigation water rights, adding valuable agricultural potential and flexibility for future use. The land features sweeping Cascade Mountain views along with stunning vistas of Smith Rock State Park, creating an exceptional setting for a future homesite or agricultural use. Whether you're looking for a farmer's dream property, grazing land, or a potential build site for your custom home, this acreage offers both beauty and flexibility. Bring your vision and explore the possibilities this unique property has to offer.
A rough estimate, not a quote. Loan amount $440,000 · $110,000 down · 30 year term. The listing reports no usable tax bill, so taxes are estimated at 0.57% of price.
8.67 acres on the county assessor's map, tax lot 1413280001300 · 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.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Terrebonne. 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 median sale price is $613,000, the middle of 75 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Oct 28, 2026)
Terrebonne
live MLS through Oregon Data Share, active single-family houses in Terrebonne, the same count and median list the Terrebonne market figures on this site publish. 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). A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. · updated Oct 29, 2026
| Date | Event | Price |
|---|---|---|
| Jun 29, 2026 | Price change | $550,000$100K down |
| May 26, 2026 | Active | $650,000 |
| May 23, 2026 | Listed | $650,000 |
| Year |
|---|
| 2025 |
Tax as filed on the listing. Deschutes County. Parcel 128414. County assessor
Similar homes
Terrebonne · What to do about this house
The typical cut was 7.5% off the original ask, and the typical home went under contract in 47 days.
Terrebonne single family homes · every sale that closed in the 12 months to October 28, 2026
Ryan Realty analysis · n=73 · read 2026-10-30 | Ryan Realty analysis · n=42 · read 2026-10-30 | Ryan Realty analysis · n=71 · read 2026-10-30 | public.listings, this listing · OriginalListPrice 650000 to ListPrice 550000 · OnMarketDate 2026-05-23, calendar days to today in America/Los_Angeles · not DaysOnMarket, which is list-to-close
Tour requests usually get a same-day reply.
Listing courtesy of Mariposa Real Estate Corp.
Data last updated October 30, 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.
