$2,600,000
1/50.66 AC · Land
422 S 5th
Klamath Falls, OR 97601
#220225115 01 / 04
For sale New · today
$2,495,000
0 Crystal Springs Road
Klamath Falls, OR 97603 · N/A
- Baths
- 0
- Acres
- 10.1
Est. $13,664/mo~203 min to downtown Bend (approx.)
01
About this property
Geothermal energy development opportunity in the Olene Gap area of Klamath County. Approximately 10.1 acres featuring the Olene O-1N deep geothermal well, drilled as part of a previous commercial geothermal power development project. Located in an area with a documented history of high-temperature geothermal exploration, this property offers potential for geothermal power generation, energy development, or investment. Historical drilling records and geothermal documentation are available for review by qualified prospective purchasers. Seller financing may be available, providing flexibility for developers and investors. Land partition is nearing completion, with acreage and boundaries subject to final recording. Buyer to independently verify geothermal resource characteristics, development feasibility, infrastructure requirements, applicable regulations, and suitability for intended use.
02
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03
Price history
0 days, no changes| Date | Event | Price |
|---|---|---|
| Oct 22, 2026 | Listed for sale | $2,495,000 |
From the MLS: original list price and latest price change. 0 days on market.
04
Drive times
~203 min to downtown Bend- Sunriver Village~183 min · 154.3 mi
- Mt. Bachelor~193 min · 163 mi
- Old Mill District~201 min · 170.2 mi
- Downtown Bend~203 min · 171.3 mi
- St. Charles Bend~204 min · 172.8 mi
- Redmond Airport (RDM)~224 min · 190.2 mi
- Sisters~225 min · 191 mi
- Smith Rock State Park~236 min · 200.4 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
- Commercial
- Lot
- 10.1 AC · 439,956 SF
- HOA
- None reported
- Taxes
- $1,352/yr
- Subdivision
- N/A
- County
- Klamath
- Days on market
- 0
- MLS #
- 220230390
- Utilities
- Electricity Available
06
Location & schools
N/A42.1648° N · 121.6256° W
Directions- Elementary
- Henley Elem
- Middle
- Henley Middle
- High
- Henley High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$13,664/mo$13,664/mo
$1,996,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $12,616
- Property tax (listing)
- $113
- Home insurance (est.)
- $936
20% · $499,000
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.
Listing by Coldwell Banker Holman Premier · 541-884-1343
MLS# 220230390 · Active
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#220206553Listing information provided by Oregon Data Share. Data last updated Oct 23, 2026, 3:00 PM.
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