Property listing for 55401 Heierman Drive, Bend, OR 97707
For SaleSingle Family Home

$1,450,000

55401 Heierman Drive, Bend, OR 97707

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

4 Bed · 3 Bath · 2,720 Sq Ft

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

4

Beds

3

Baths

2,720

Sq Ft

2023

Built

0.97 acres

Lot

3-car attached

Garage

About 55401 Heierman Drive

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.

Home Highlights

Move-in ready — built 20232,800 sq ft finished workshop with offices and 200-amp servicePrivate guest suite with kitchenette and separate entranceOversized 3-car garage with dog wash and RV/boat storageExpansive covered patio prepped for outdoor kitchenProximity to Deschutes River (≈0.5 mile)

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Three Rivers Elementary

Elementary

Three Rivers Middle

Middle

Caldera High

High

Walkability & Recreation

30
Walkability
80
Recreation

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.

Investment Highlights

  • New construction (2023) with modern amenities and finishes
  • 2,800 sq ft finished workshop with offices and bathroom
  • Proximity to Deschutes River and outdoor recreational activities
  • Private guest suite with separate entrance and kitchenette
  • Expansive covered patio prepped for outdoor kitchen
  • Oversized 3-car garage with dog wash station

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)

Things to Consider

  • Septic system requires regular maintenance
  • Private water source may need periodic testing
  • Proximity to river may require flood insurance verification

Opportunity Analysis

Luxury single-level ranch with expansive workshop and proximity to outdoor amenities offers unique lifestyle and business opportunities.

Potential Use Scenarios

  • Ideal for multigenerational living or home-based business
  • Potential for rental income from private guest suite
  • Leverage proximity to recreational areas for lifestyle appeal

Risk Factors

  • Maintenance of large workshop space
  • Management of private utilities (water and septic)
  • Market sensitivity to luxury property valuations

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$1400K

Midpoint

$1450K

High

$1500K

$533/SF estimated price per square foot

85% confidence

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.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$800,000
Avg Days on Market45 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)1,500
Median Income (1 mi)$75,000

Area experiencing steady growth due to its appeal for outdoor enthusiasts and proximity to Bend.

Nearby Points of Interest

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

Proximity to outdoor recreation including the Deschutes River, Sunriver Resort, and Mt. Bachelor Ski Resort.

School District

DistrictBend-La Pine Schools
ElementaryThree Rivers Elementary
MiddleThree Rivers Middle
HighCaldera High

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2023
Constructionframe
Stories1
Roofcomposition
Heatingforced air, heat pump, propane
Coolingheat pump
Basementnone
FireplaceYes
Conditionexcellent

Lot & Site

Lot Size0.97 acres (42,253 SF)
Topographylevel
Parkingattached_garage
Parking Spaces3
FrontageStandard residential frontage on Heierman Drive

Utilities

Waterprivate
Sewerseptic
Electricpublic
Gaspropane

Zoning & Land Use

Zoning CodeRR10
DescriptionRural Residential 10
JurisdictionDeschutes County

Allowed Uses

single family residentialaccessory structureshome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$416,340
Land$202,550
Improvements$213,790
Annual Tax (2025)$6,888

Sale History

2025-01-07$1,020,000

$375/SF

Arm's length transaction

2022-04-01$225,000

Land purchase prior to construction

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