Waterfront Resort with Event
For Sale
$4,000,000
137930 Whitechrist Drive, Gilchrist, OR 97737
Commercial Sale, Gilchrist, OR
Property Size30,751 SF
Lot Size14.90 Acres
Price / SF$130.08
Days on Market49
Property Features for 137930 Whitechrist Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Split
Fireplace
1
Lot features
Landscaped, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear, Water Feature
View
Lake
Directions
Hwy 97 - 15 Miles South of LaPine
Standard status
Active
APN
24090190000109
Size
30,751 SF
Lot size
14.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4100
Utilities
Sewer type
Septic Tank
Heating system
Fireplace(s), Forced Air, Wall Furnace, Wood
Cooling system
Central Air
Water source
Well
Water front features
Lake Front, Waterfront
Water front
1
Amenities
lake access
2 pools
3 hot tubs
multiple waterfront patios
event space for 100
accommodations for 50 guests
Building Details
Year built
1939
Floors in Building
1
Number of units
21
Building materials
Frame
Roof type
Composition, Metal
Additional Structures
Guest House
Listing Agency:
Sky Lodge Investments LLC
Listed By:
Dorothea Oldham
(541) 965-9601
Added: Sep 2
Changed: Oct 2
Last Checked: Oct 20 at 10:06AM
MLS# 220228266
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 14.9-acre waterfront resort includes 21 buildings totaling 30,751 square feet, with accommodations for 50 guests and event space designed for up to 100 people. Improvements date to 1939 and have been extensively remodeled and updated. The property includes two pools, three hot tubs, multiple waterfront patios, fireplaces, central air, wood and forced-air heating, well water, and septic service. Furnishings, event supplies, tables, chairs, linens, tableware, and grounds equipment are included in the sale.
Located at 137930 Whitechrist Drive in Gilchrist, Oregon, the resort sits along Hwy 97 between Bend and Crater Lake. It is approximately 15 minutes from La Pine and 45 minutes from Bend, with lakefront access and parking for 50 vehicles.
Located at 137930 Whitechrist Drive in Gilchrist, Oregon, the resort sits along Hwy 97 between Bend and Crater Lake. It is approximately 15 minutes from La Pine and 45 minutes from Bend, with lakefront access and parking for 50 vehicles.
Key Highlights
- 14.9‑acre waterfront resort with 21 buildings and 30,751 square feet
- Accommodations for 50 guests and event space for 100
- Two pools, three hot tubs, and multiple waterfront patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,236
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,724,720
$3.7M
Cap Rate 7%
$2,660,514
$2.7M
Cap Rate 9%
$2,069,289
$2.1M
Market Conditions
NOI Build-Up for 30,751 SF
Gross rent
$461.3K $15.00/SF
− Vacancy
−$69.2K −$2.25/SF
EGI
$392.1K $12.75/SF
− OpEx
−$205.8K −$6.69/SF
NOI
$186.2K $6.06/SF
Area
Klamath County, OR
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,724,720
Cap Rate 7%
$2,660,514
Cap Rate 9%
$2,069,289
Alternative Uses
Best Use
Hotel Hospitality
$2.66M
$2.33M – $3.10M
NOI $186,236 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.29M
$5.50M – $7.33M
NOI $439,980 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 97737, OR
501
Population
296
Households
1.7
Avg Household Size
61
Median Age
22%
College-Educated
98%
High-School Grad
22.8 sq mi
ZIP Area
22
Density / Sq Mi
$86,083
Median Household Income
$106,071
Median Earnings
$269,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Resort - Updated resort property offers lodging, event facilities, pools, and lake access.
Where is this resort located?
The property is located at 137930 Whitechrist Drive Gilchrist, OR.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 14.9‑acre waterfront resort with 21 buildings and 30,751 square feet; Accommodations for 50 guests and event space for 100; Two pools, three hot tubs, and multiple waterfront patios
