Price cut $51K
$499,000
1/54 BD · 2 BA · 1,782 SF · 5.38 AC
15538 SW Rainbow Road
Terrebonne, OR 97760
#220226291 01 / 14
For sale Price cut $181K on Jun 25
$499,000
70445 NW Lower Valley Drive #100
Terrebonne, OR 97760 · N/A
- Baths
- 0
- Acres
- 5.19
Est. $2,810/mo~37 min to downtown Bend (approx.)
Listing by Premiere Property Group, LLC · 541-241-6860
MLS# 220213014 · Active
01
About this home
Privacy and space: 5.19 acres inside a low density, 300+ acre subdivision with only nine residences -- true elbow room. - Protected rural character: EFU zoning plus 30,000+ acres of surrounding BLM ensures NO future development and lasting views. - Ready to build: Seller has provided power to the lot and septic approval , reducing initial site development timeline & cost. - This lot is zoned NON farmland. Gentle slope supports tremendous views of the FHC community, Smith Rock & the Ochocos - Lifestyle & recreation: Walk, hike within vineyard estates or explore the adjacent BLM countryside. Community master plan includes large event center, large lake and amphitheater -- ideal for private events and community gatherings. - Wildlife & scenery: Frequent sightings of deer, birds of prey, & elk -- picturesque rural living and wildlife viewing opportunities. - Location: Conveniently positioned between Redmond & Sisters. Dreams are made of properties like
02
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03
Price history
Cut $181K| Date | Event | Price |
|---|---|---|
| Jun 25, 2026 | Price cut−$180,900 (26.6%) | $499,000 |
| Dec 16, 2025 | Listed for sale | $679,900 |
From the MLS: original list price and latest price change. 294 days on market.
04
Drive times
~37 min to downtown Bend- Smith Rock State Park~23 min · 13.3 mi
- Sisters~24 min · 14 mi
- Redmond Airport (RDM)~25 min · 15 mi
- Downtown Bend~37 min · 25.9 mi
- St. Charles Bend~37 min · 25.2 mi
- Old Mill District~39 min · 26.9 mi
- Mt. Bachelor~53 min · 39.7 mi
- Sunriver Village~56 min · 42.5 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
- Type
- Residential Lots
- Lot
- 5.19 AC · 226,076 SF
- HOA
- $100/mo
- Taxes
- $0/yr
- Subdivision
- N/A
- County
- Deschutes
- Days on market
- 294
- MLS #
- 220213014
- View
- Cascade Mountains · Mountain(s) · Panoramic · Territorial · Vineyard
- Lot
- Adjoins Public Lands · Level · Native Plants · Pasture · Sloped
- Utilities
- Electricity Available · Other
- Community
- Access to Public Lands · Road Assessment · Short Term Rentals Allowed · Trail(s)
06
Location & schools
N/A44.3456° N · 121.3452° W
Directions- Elementary
- Terrebonne Community School
- Middle
- Elton Gregory Middle
- High
- Redmond High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$2,810/mo$2,810/mo
$399,200 loan · 30 yr fixed · 6.5%
- Principal & interest
- $2,523
- Home insurance (est.)
- $187
- HOA
- $100
20% · $99,800
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220218007Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 4:31 PM.
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