
A rare find, Aspen House 3 is the home you've always wanted at Black Butte Ranch! Surrounded by aspen trees and ponderosa pines, you'll enjoy lake views from the living areas and upstairs primary bedroom suite. This lovingly cared-for, four-bedroom, 2.5-bath home features a private deck where you can listen to the frogs on summer nights or watch snow fall on the frozen lake in winter. Just past the deck is the perfect spot to watch for deer from your hammock among the aspens. Ample storage, a dedicated parking spot, and a newly-added bike shed complete the property. This one-of-a-kind house is centrally located on Black Butte Ranch, a short walk from both South Meadow Pool/tennis courts and from the Glaze Meadow Recreation Center with food & beverages, indoor & outdoor pools, hot tub, gym, spa, and tennis/pickleball courts.
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Listing courtesy of Stellar Realty Northwest, agent Susan Bird
Data last updated July 4, 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 $679,000 · $170,000 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 $4,250 ($3,625–$4,900) · starting estimate. Edit to your own number.
At $849,000 with 20% down, this property runs $1,888 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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