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Rare investment or development opportunity in Redmond! This sprawling 10.05-acre property with 8+acres of water rights, features a spacious single-family home with a beautiful great room and kitchen and huge windows allowing for plenty of light and pastoral views. Perfect for horse enthusiasts or those seeking room to breathe, the expansive acreage offers incredible flexibility and open space. Ideally located with easy access to local schools and downtown Redmond amenities. The property currently features an occupied rental unit generating monthly income, making it an excellent addition to your portfolio to hold while waiting for city annexation, or a perfect future homesite. Bring your vision and explore the endless future development potential this unique acreage has to offer!
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $1,080,000 · $270,000 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 $1,350,000 with 20% down, this property runs $5,788 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 Jeff Larkin Realty, agent Lana Wittmer, 541-480-5606
Data last updated August 3, 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.
Aug 2024 to Jul 2026 (24 months) · regional MLS via the market stats cache. Completed months only.
This home is listed at $1,350,000 — 150.0% above the Redmond median. See full Redmond market →
