8450 NE 1st Street, Terrebonne, OR 97760

$1,469,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,796 Lot Size (sq. ft.): 1,682,287 Status: Active
Current Price: $1,469,000 List Date: 8/19/2026 Last Modified: 9/16/2026

Overview

Description

Rare opportunity to own 38.62± acres of productive irrigated ground just east of downtown Terrebonne. The property features 31± acres of COID irrigation water rights and is currently planted in orchard grass with seasonal grazing use. Improvements include a 1,796± SF single-level home built in 1999 with 3 bedrooms, 2 bathrooms, and attached garage, plus a 2,112± SF barn/farm building, additional 1,632± SF building, pump house, domestic well, septic, fencing, pond, irrigation infrastructure, and outdoor arena. Zoned EFUTE with convenient access to Hwy 97, Redmond, Smith Rock State Park, and Central Oregon recreation. A unique opportunity combining productive agricultural ground, water rights, existing improvements, and an excellent Terrebonne location. Buyer to perform due diligence regarding permitted uses, improvements, water rights, and property systems.

Listing Details MLS# 220227265

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
2
Bathrooms Full
2
Garage YN
Yes
Garage Spaces
2
Total Living Area SqFt
1796
Main House SqFt
1796
SqFt Source
Assessor
Year Built
1999
Accessory Dwelling Unit YN
No
Rented YN
Yes
Current Rent
3100
Lease End Date
2026-12-31
Short Term Rental Permit YN
No
New Construction YN
No
Elementary School
Terrebonne Community School
Middle Or Junior School
Elton Gregory Middle
High School
Redmond High
Zoning
EFUTE
Tax Annual Amount
4488.78
Tax Year
2025
Potential Tax Liability YN
Yes
Irrigation Water Rights YN
Yes
Irrigation Water Rights Acres
31
Irrigation District
Central Oregon
CC&R's YN
No
Association YN
No
Senior Community YN
No
Horse Property YN
Yes
Preferred Escrow Company & Officer
Sabrina Norton - FATCO
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Appliances: Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator; Water Heater Architectural Style: Ranch Common Walls: No Common Walls Construction Materials: Frame Cooling: None Fireplace Features: Family Room; Wood Burning Flooring: Carpet; Vinyl Foundation Details: Stemwall Heating: Electric; Forced Air; Wood Interior Features: Breakfast Bar; Ceiling Fan(s); Double Vanity; Linen Closet; Pantry; Primary Downstairs; Solid Surface Counters; Walk-In Closet(s) Levels: One Roof: Composition Rooms: Eating Area; Family Room; Kitchen; Laundry Window Features: Bay Window(s); Vinyl Frames Irrigation Source: District Lot Features: Fenced; Landscaped; Level; Native Plants; Pasture Parking Features: Attached; Driveway; Workshop in Garage Patio and Porch Features: Deck; Patio Structure Type: House View: Mountain(s); Territorial Waterfront Features: Pond Utilities: Electricity Connected; Propane Power Production: None Sewer: Septic Tank; Standard Leach Field Water Source: Well Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
8450
Street Dir Prefix
NE
Street Name
1st
Street Suffix
Street
County
Deschutes
State
OR
Postal Code
97760
Subdivision Name
N/A

Contract Information

Original List Price
1469000
List Price per SqFt
817.93
Listing Contract Date
2026-08-14

Remarks and Miscellaneous

Public Remarks
Rare opportunity to own 38.62± acres of productive irrigated ground just east of downtown Terrebonne. The property features 31± acres of COID irrigation water rights and is currently planted in orchard grass with seasonal grazing use. Improvements include a 1,796± SF single-level home built in 1999 with 3 bedrooms, 2 bathrooms, and attached garage, plus a 2,112± SF barn/farm building, additional 1,632± SF building, pump house, domestic well, septic, fencing, pond, irrigation infrastructure, and outdoor arena. Zoned EFUTE with convenient access to Hwy 97, Redmond, Smith Rock State Park, and Central Oregon recreation. A unique opportunity combining productive agricultural ground, water rights, existing improvements, and an excellent Terrebonne location. Buyer to perform due diligence regarding permitted uses, improvements, water rights, and property systems.

Status Change Information

Status Change Timestamp
2026-08-19

More Information

Listing Office: Cascade Hasson SIR
Last Updated: September - 16 - 2026
Information deemed reliable but not guaranteed.