$1,450,000
55401 Heirman Drive, Bend, Oregon 97707, United States
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
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.
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.
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.
Three Rivers Elementary
Elementary
Three Rivers Middle
Middle
Caldera High
High
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.
55401 Heierman Drive is a 4-bedroom, 3-bathroom single-level ranch-style home built in 2023, offering 2,720 square feet of living space on a 0.97-acre lot in Bend, Oregon. The property features an open great room with a large propane fireplace, a chef's kitchen with an oversized island, and a private guest suite with a separate entrance and kitchenette. Additionally, a 2,800 sq ft finished workshop with two private offices, a bathroom, loft, insulation, heat, and 200-amp service provides exceptional flexibility for home-based business operations or multigenerational living. The oversized 3-car garage includes a dog wash station, and the expansive covered patio is prepped for an outdoor kitchen, enhancing the home's appeal for entertaining and outdoor living.
From a valuation perspective, the property is currently listed at $1,450,000, equating to approximately $533 per square foot. This pricing aligns with recent sales and listings of similar high-end properties in the area, especially considering the unique features such as the large workshop and proximity to the Deschutes River. The previous sale in January 2025 at $1,020,000 reflects significant appreciation, indicative of the strong demand in this market segment.
The location offers proximity to the Deschutes River, providing opportunities for fishing, kayaking, and other water activities. Additionally, the property is near Sunriver Resort and Mt. Bachelor Ski Resort, catering to a variety of outdoor recreational interests. The neighborhood, known as Oregon Water Wonderland, is characterized by spacious lots and a tranquil environment, appealing to those seeking a balance between privacy and accessibility to amenities.
Market conditions in the Bend area show steady appreciation, with a 5% increase over the past year and a 25% increase over the past five years. The average days on market is 45 days, indicating a healthy demand for properties in this price range. Inventory levels are moderate, with approximately 2.5 months of supply, suggesting a balanced market favorable to both buyers and sellers.
Overall, 55401 Heierman Drive represents a unique opportunity to acquire a luxury property with exceptional features and flexibility. The combination of modern construction, expansive workshop space, and proximity to outdoor amenities makes it an attractive option for buyers seeking a high-quality lifestyle in Central Oregon.
Luxury single-level ranch with expansive workshop and proximity to outdoor amenities offers unique lifestyle and business opportunities.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$1400K
Midpoint
$1450K
High
$1500K
$533/SF estimated price per square foot
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.
Area experiencing steady growth due to its appeal for outdoor enthusiasts and proximity to Bend.
Proximity to outdoor recreation including the Deschutes River, Sunriver Resort, and Mt. Bachelor Ski Resort.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$375/SF
Arm's length transaction
Land purchase prior to construction
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