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.
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.
See the properties helping shape the valuation.
Comparable sales
- 572 SF smaller
- 2 fewer bedrooms
- 1 fewer bathroom
- 175,547 SF larger lot
- 39 years older
- 1,728 SF smaller
- 2 fewer bedrooms
- 2 fewer bathrooms
- Similar lot size
- 46 years older
A 2023 ranch on 0.97 acres.
Building
Site & utilities
Oregon Water Wonderland
Researched nearby locations
Location
55401 Heierman Drive, Bend, OR 97707
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.
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.
A factual market snapshot around 55401 Heierman Drive.
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.
Rural Residential 10
Zoning
Research-indicated uses
- Single Family Residential
- Accessory Structures
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
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
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.