15072 Cottonwood Creek Rd, Fields, OR 97710
This exceptional 1,027+/- acre Eastern Oregon ranch, situated in Harney County near Fields (zip code 97710), presents a unique investment opportunity. The property boasts 658+/- acres of deeded water rights, supplemented by two BLM permits with self-sufficient water sources (springs and windmill/solar wells). Irrigation is provided by creeks and a well, supporting two pivots (one with a variable frequency drive). The land features beautiful rolling hills with native high desert vegetation, ideal for grazing. The ranch is capable of supporting 300 head of cattle and producing sufficient hay. Improvements include two homes—a charming 3-bedroom, 1-bathroom sod house and a remodeled 4-bedroom, 2-bathroom manufactured home—along with a shop, working corrals, a livestock shed, and additional storage buildings. All improvements are conveniently located near Cottonwood Creek. Recreational opportunities abound in the surrounding area, including hunting, horseback riding, and stargazing, with nearby attractions such as the Pueblo Mountains and Steens Mountain. The ranch offers a blend of historical charm (the original sod house) and modern functionality, making it a truly balanced and self-sufficient operation. Asking price is $3,450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.