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For sale New · 1dWaterfront

$949,000

4990 Waldo Road

Cave Junction, OR 97523 · N/A

Baths: 0
Acres: 460

Est. $5,344/mo~275 min to downtown Bend (approx.)

Listing by John L. Scott Medford · 541-779-3611

MLS# 220229788 · Active

About this home

Esterly Lakes offers a beautiful 460 acres of private recreational land centered around an impressive 20-acre lake outside Cave Junction. Once part of a historic mining operation, the land today features generally gentle, rolling terrain with excellent accessibility and tremendous potential. The lake is tucked well within the property, creating a private waterfront setting with little visibility from neighboring lands. With three tax lots, substantial acreage, and forest zoning, the property offers potential for residential development, a private homestead, recreational retreat, or other outdoor-oriented uses subject to land-use approval. Enjoy room for livestock, gardens, trails, hunting, riding, and more, with direct access to extensive adjoining public lands. An existing shop structure provides useful storage while you bring your equipment, tools, and ideas to shape Esterly Lakes into your own Southern Oregon retreat.

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Price history

1 days, no changes

Date	Event	Price
Oct 7, 2026	Listed for sale	$949,000

From the MLS: original list price and latest price change. 1 days on market.

Drive times

~275 min to downtown Bend

Mt. Bachelor~251 min · 214.1 mi
Sunriver Village~255 min · 217.5 mi
Old Mill District~274 min · 234 mi
Downtown Bend~275 min · 234.9 mi
St. Charles Bend~278 min · 237.8 mi
Sisters~283 min · 242 mi
Redmond Airport (RDM)~298 min · 255.1 mi
Smith Rock State Park~307 min · 263.3 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.

Facts & features

Type: Unimproved Land
Lot: 460 AC · 20,037,600 SF
HOA: None reported
Taxes: $2,275/yr
Subdivision: N/A
County: Josephine
Days on market: 1
MLS #: 220229788

View: Lake · Mountain(s) · Territorial
Lot: Marketable Timber

Location & schools

N/A

42.0652° N · 123.6326° W

Directions

Assigned schools

Elementary: Evergreen Elem
Middle: Lorna Byrne Middle
High: Illinois Valley High

Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.

Monthly payment

$5,344/mo

$759,200 loan · 30 yr fixed · 6.5%

Principal & interest: $4,799
Property tax (listing): $190
Home insurance (est.): $356

Down payment20% · $189,800

Interest rate6.500%

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.

Price cut $49K

$850,000

1/5

1.38 AC · Land

30073 Redwood Highway

Cave Junction, OR 97523

#220207155

2131 White SchoolHouse Road, Cave Junction

$825,000

1/5

80.2 AC · Agriculture

2131 White SchoolHouse Road

Cave Junction, OR 97523

#220197061

Listing information provided by Oregon Data Share. Data last updated Oct 9, 2026, 7:00 AM.

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