Listed by: Marta Cecilia Mendoza Herrera · Mariposa Real Estate Corp.

$550,000Price cut $100,000
  • 12.52 acres

5010 N Highway 97, Terrebonne, OR 97760

Est. $2,787/moPayment calculator
  • AgricultureHome type
  • 12.52 acresLot
  • NoneHOA

About this home

  • Listed May 23, 2026
  • 132 days on market
  • 29 photos

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.

Facts & features

Property

Lot size
12.52 acres
Subdivision
N/A

View

  • Canyon
  • Cascade Mountains
  • Mountain(s)

Construction

Home type
Agriculture
Property type
Land

Utilities

Sewer & water

  • Septic Needed
  • None
  • None water
  • Other water

Community & HOA

Subdivision
N/A
HOA dues
None
County
Deschutes

Financial & listing details

List price
$550,000
Original list price
$650,000
Annual property tax
$72
Date on market
May 23, 2026
Days on market
132
MLS#
220222035

Price & status history

DateEventPrice
May 23, 2026Listed for sale$650,000

Neighborhood

  • SubdivisionN/A
  • CityTerrebonne, OR 97760
  • CountyDeschutes

Payment calculator

Estimated monthly payment

$2,787/mo

  • Principal & interest$2,781
  • Property taxes$6
  • Homeowners insurance$0
  • HOA dues$0

Loan amount $440,000 · 30-year fixed at 6.5%

Down payment
Loan term

An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.

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MLSCO

Listing provided by Mariposa Real Estate Corp. · Listing agent: Marta Cecilia Mendoza Herrera

Source
MLS of Central Oregon
MLS#
220222035
Last updated
Aug 19, 2026 at 8:30 PM

Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.