Homes/Oregon/Bend/55401 Heierman Drive
CompCasa Property Analysis · single_family

55401 Heierman Drive

Ranch Home with 2,800 sq ft Workshop Minutes from the Deschutes

Single-level 4BR/3BA with guest suite, oversized garage, and covered patio.

4 beds3 baths2,720 sq ftBuilt 20230.97 acres3-car attached
CompCasa valuation analysis
Estimated market value
$1,450,000
Low $1,400,000 · Midpoint $1,450,000 · High $1,500,000
Confidence85%Sales comparison approach
Last recorded sale$1,020,000Jan 7, 2025
Assessed value$416,3402025 assessment
CompCasa estimate$1,450,000Mar 6, 2026
Estimate vs. last recorded sale+$430,000 / +42.2%
$1,400,000$1,450,000 midpoint$1,500,000
Price / sq ft$533
Median sale price$800,000
Avg days on market45 days
Inventory2.5 months

Sales comparison approach using recent listings and sales of similar properties in the area. Adjusted for unique features such as the large workshop and proximity to the Deschutes River.

About the property

Ranch Home with 2,800 sq ft Workshop Minutes from the Deschutes

Arrive at a modern single-level ranch that was finished in 2023 and designed for life in Central Oregon. Set on just under an acre in the Oregon Water Wonderland neighborhood, this 2,720 sq ft home opens into a generous great room anchored by a large propane fireplace—an immediate focal point for gatherings. The chef's kitchen features an oversized island and open sightlines that keep the heart of the home connected to dining and outdoor entertaining on the expansive covered patio, which is prepped with a propane stub for a future outdoor kitchen.

Practicality and flexibility define the floorplan. A private guest suite with its own entrance and kitchenette makes long-stay visitors or multigenerational arrangements effortless, while three additional bedrooms and two more baths keep daily life comfortable. Mechanical systems include a heat pump plus forced air and propane options, and the home’s condition is described as excellent. Utilities are a mix of public electricity, private water, and septic—important considerations for rural living here.

The standout amenity is the finished 2,800 sq ft workshop: two private offices, a full bathroom, insulated and heated space, a loft area, and 200-amp service. That scale of workspace—separate from the living area—creates rare opportunities for a home-based business, artisan shop, or storage for toys and equipment. Adjacent to the home is an oversized three-car garage with added RV/boat storage capacity and a built-in dog wash station, making this property ideal for active families and serious hobbyists.

Lifestyle here leans outdoors: the Deschutes River sits roughly half a mile away for fishing, paddling and river access, Sunriver Resort is about five miles distant, and Mt. Bachelor is within easy day-trip range. While the lot is level and low-maintenance, buyers should note the parcel uses private water and septic systems; routine testing and inspection are recommended. Priced at $1,450,000 (roughly $533/sq ft), this home’s combination of new construction, high-end workshop space and river-proximate location delivers a compelling package for buyers seeking both lifestyle and functional workspace.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$789,900
Property address55402 Homestead Way, Bend, OR 97707
2 bed2 bath2,148 sq ftBuilt 19840.1 mi217,800 sq ft lot$368/SF
Sold Aug 20, 2025
Subject difference
  • 572 SF smaller
  • 2 fewer bedrooms
  • 1 fewer bathroom
  • 175,547 SF larger lot
  • 39 years older
Research comparison noteSmaller home on larger lot; older construction
02Sold price$125,000
Property address55521 Gross Dr, Bend, OR 97707
2 bed1 bath992 sq ftBuilt 19770.2 mi40,075 sq ft lot$126/SF
Sold Oct 30, 2025
Subject difference
  • 1,728 SF smaller
  • 2 fewer bedrooms
  • 2 fewer bathrooms
  • Similar lot size
  • 46 years older
Research comparison noteSmaller, older home on similar-sized lot
Comp methodology: Limited comparable sales due to unique property features; adjustments made for size, age, and amenities.
Property details

A 2023 ranch on 0.97 acres.

Building

Year built2023
ConstructionFrame
RoofComposition
Heatingforced air, heat pump, propane
Coolingheat pump

Site & utilities

Lot size0.97 acres
Garage3-car attached
Stories1
ConditionExcellent
BasementNone
FireplaceYes
Improvement notes4 bedrooms, 3 bathrooms, open great room with propane fireplace, chef's kitchen with oversized island, private guest suite with separate entrance and kitchenette, expansive covered patio with propane stub for future outdoor kitchen
Lot area42,253 sq ft
TopographyLevel
FrontageStandard residential frontage on Heierman Drive
ParkingAttached Garage
Parking spaces3
Parking notesOversized 3-car attached garage with additional RV/boat storage
AccessStandard residential driveway from Heierman Drive
WaterPrivate
SewerSeptic
ElectricPublic
GasPropane
Location & nearby

Oregon Water Wonderland

Researched nearby locations

Deschutes River (0.5 mi)
Sunriver Resort (5 mi)
Mt. Bachelor Ski Resort (20 mi)

Location

55401 Heierman Drive, Bend, OR 97707

View in Google Maps
Editorial neighborhood context

Oregon Water Wonderland offers spacious lots and a lifestyle built around Central Oregon’s outdoor playground. Homes here sit within easy reach of the Deschutes River for paddling and fishing, with Sunriver Resort’s amenities a short drive away and Mt. Bachelor accessible for winter recreation. The neighborhood is low-density and residential, attractive to buyers seeking privacy without sacrificing proximity to Bend’s restaurants, shops and services. Local demographics show steady growth and a household median income near $75,000 in the immediate 1-mile area, underscoring a community of active, outdoors-oriented families.

Nearby access summary

Very good outdoor access with the Deschutes River about half a mile away, Sunriver Resort five miles out, and Mt. Bachelor within day-trip range—ample options for boating, hiking, skiing, and golfing nearby.

ElementaryThree Rivers Elementary
Middle schoolThree Rivers Middle
High schoolCaldera High
School districtBend-La Pine Schools
Market context

A factual market snapshot around 55401 Heierman Drive.

Median sale price$800,000
Avg days on market45 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Bend's market balance currently favors sellers for well-priced, unique properties while remaining broadly balanced at the middle tier. Local market indicators: a median sale price near $800,000, roughly 2.5 months of inventory, and an average days-on-market figure around 45 days. The area has seen about 5% appreciation over the past year and roughly 25% over five years. For specialty listings—homes with expansive detached or attached workshop space, guest suites and near-river access—demand is steady because comparable inventory is limited. That scarcity, combined with Bend’s outdoor lifestyle draw, supports pricing at the upper end of recent comps; the listing at $1,450,000 aligns with the valuation range derived from nearby sales after adjustments for the large workshop and modern finishes. Buyers should expect a competitive but not frenzied environment: act decisively if this property fits your needs, but verify private utilities, septic condition, and any workshop permits as part of due diligence. For sellers, well-documented systems and clear demonstration of the workshop’s capabilities will attract quality offers quickly.

Zoning & land use

Rural Residential 10

Zoning

Zoning codeRR10
DescriptionRural Residential 10
JurisdictionDeschutes County
Assessor useSingle Family Residential
Current useResidential
SetbacksStandard county setbacks apply; verify with local zoning regulations

Research-indicated uses

  • Single Family Residential
  • Accessory Structures
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$202,550
Assessed improvements$213,790
Total assessed$416,340
Assessment year2025
Annual property tax$6,888
Tax year2025

Sale history

2025-01-07$1,020,000 · $375/SF
2022-04-01$225,000
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Property listed at $1,450,000 ($533/sq ft)
  • Previous sale in January 2025 at $1,020,000
  • Assessed value in 2025: $416,340
  • Located in Oregon Water Wonderland neighborhood
  • Zoned RR10 (Rural Residential 10)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify workshop permits and compliance
  • Assess septic system condition
  • Review flood zone status and insurance requirements
  • Professional home inspection
Highlights & features

What stands out about this property.

Interior Features

  • Single-level ranch layout
  • Open great room with large propane fireplace
  • Chef's kitchen with oversized island
  • Private guest suite with separate entrance and kitchenette
  • Heat pump plus forced air and propane heating
  • 3 full bathrooms
  • Excellent condition (built 2023)

Exterior & Lot

  • 0.97-acre lot, level topography
  • Expansive covered patio prepped for outdoor kitchen (propane stub)
  • 2,800 sq ft finished workshop with offices, bathroom and loft
  • Oversized 3-car attached garage with RV/boat storage and dog wash
  • Standard residential frontage on Heierman Drive

Location & Neighborhood

  • Oregon Water Wonderland neighborhood
  • Deschutes River ~0.5 mile away
  • Sunriver Resort ~5 miles away
  • Mt. Bachelor ~20 miles
  • Served by Bend-La Pine Schools

Walkability & Recreation

  • Walkability Rating: 30/100 — Car-Dependent
  • Deschutes River access and riverside recreation ~0.5 mile
  • Sunriver Resort recreational amenities ~5 miles
  • Mt. Bachelor skiing and trails ~20 miles
  • Nearby opportunities for fishing, kayaking, hiking and cycling
  • Community open spaces and low-density residential character
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Realtor.com listing for 55401 Heierman DrView source
2
Redfin listing for 55401 Heierman DrView source
3
Zillow listing for 55401 Heierman DrView source
4
Deschutes County Assessor's Office contact informationView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.