Highland Village
Airbnb with Additional Tax Lot! This exceptional short-term rental adjacent to Five Pine Lodge includes a fully developable 2nd tax lot. A unique income-generating property w/ future potential. Enjoy immediate access to 3 Creeks Brewery, Sisters Athletic Club, & the local theater. Guests will rave over this location just minutes from downtown w/ near instant access to public lands & Peterson Ridge. This modern cabin features a vaulted great room, a cozy fireplace, & a sleek kitchen w/ solid surface counters & massive breakfast bar, perfect for gatherings. A fully featured primary suite impresses w/ dual vanity & floor-to-ceiling tile shower, & well-appointed guest rooms & XL bonus room ensure a top-tier stay. Outside, the private hot tub overlooking the wooded lot, paver patio, & BBQ area create a private & serene retreat. Whether you expand, develop, or continue its proven Airbnb success, this is a rare chance to own a thriving rental in one of Oregon's most sought-after destinations!
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A rough estimate, not a quote. Your lender gives you the real number.
Loan amount $840,000 · $210,000 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 $1,049,900 with 20% down, this property runs $4,316 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 eXp Realty, LLC, agent Ryan McGlone, 888-814-9613
Data last updated August 13, 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.
Source: Spark MLS. Active inventory.