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    Riverfront Residential Development Land Title is generated by Realmo AI

    50910 Masten Road, La Pine, OR 97739

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    Claim this Listing
    For Sale
    $1,700,000

    LAND - La Pine, OR

    Lot size:
    22.30 Acres
    Added:
    Dec 30, 2025
    Days on Market:
    155
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 50910 Masten Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    117681
    Lot size
    22.30 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    323

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    River Front
    Water front
    1

    Building Details

    Additional Structures
    Greenhouse

    We can help!

    Listing Contact
    Jennifer Bowen
    Jennifer Bowen

    Listing agent Jennifer Bowen License #200402250

    Listing office Coldwell Banker Bain 1160 SW Simpson Ave Suite 100, Bend, OR

    Listing date Dec 30, 2025

    MLS# 220213252 Listing URL

    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.

    HighLights

    • Riverfront parcel with River Front waterfront features and river views up and down the river
    • Electricity available, with water provided by a domestic well and sewer by a septic tank
    • Includes storage buildings, a greenhouse, and a fenced garden on well‑kept grounds
    • Barbed wire fencing and multiple elevated homesites positioned above the riverbank
    • Diverse terrain with forested timber stands, river inlets, and fertile bottomlands with wildlife

    Overview

    This riverfront parcel offers a park-like setting with a mix of forested timber stands, river inlets, and fertile bottomlands, creating natural privacy and abundant wildlife. The terrain includes elevated areas suitable for multiple homesites set just above the riverbank, with views up and down the river. Existing features add immediate usability, including storage buildings, a domestic well, a greenhouse, a fenced garden, and well-kept grounds for day-to-day enjoyment. Outdoor recreation is supported by abundant put-in and take-out spots and strong river accessibility.

    Located in La Pine, Oregon, the property is positioned in a quiet corner of Central Oregon and is oriented toward long-range scenery, including a potential backdrop of Mt. Bachelor or Masten Butte. The site’s natural layout and river access make it practical for owners who want both seclusion and an outdoor lifestyle.

    For buyers looking to build a primary residence or “last home,” the elevated homesite options provide flexibility while keeping the river experience close. Anglers and outdoor enthusiasts will value the on-site river access and varied terrain, while the existing well, greenhouse, and garden can support short-term use as you plan and prepare for construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Pine
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.589928
    Latitude
    43.639567

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    FAQs

    What type of property is this?
    Waterfront Land - Recreation and build-ready land with direct river access, scenic views, and existing well and garden improvements.
    Where is this waterfront land located?
    The property is located at 50910 Masten Road La Pine, OR.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Riverfront parcel with River Front waterfront features and river views up and down the river; Electricity available, with water provided by a domestic well and sewer by a septic tank; Includes storage buildings, a greenhouse, and a fenced garden on well‑kept grounds
    (541) 280-2147
    We can help!
    Listing Contact
    Jennifer Bowen
    Jennifer Bowen
    Real Estate License ID: 200402250
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    50910 Masten Road, La Pine, OR 97739
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