$1,200,000

Bring your horses, chickens and furry friends!

Bend , Deschutes County , Oregon

21.20
ACRES

2
BEDROOMS

1
BATH

1212
SQ FT

uncovered arena • pen • hay barn • fenced • pond

Property description

Restored farm house on 21 acres! Live in tune with the land! No CCRs. Bring your horses, chickens, and furry friends, and your green thumb. Great income potential from the former commercial horse boarding and training facility. When operated commercially this property supported 24 horses with ease. 8 stalls, approximately 20 acres of irrigation rights, multiple irrigated pastures, riding arena, jumping course, stand alone tack and office building, indoor tractor storage and covered hay storage. The grounds are perfect for a Show Park for horse shows and events. Beautifully groomed grounds with many mature conifers and deciduous trees, a pond, and flowing irrigation water meandering through the property that create an idyllic setting. 4 portable buildings included. Potential for a replacement dwelling, hired help dwelling and hardship dwellings. Owner has phased out of horse operations.

Details

Lot Features

Live in or rent out the nicely updated original farm house. Beautifully groomed grounds with many mature conifers and deciduous trees, a pond, and flowing irrigation water meandering through the property that create an idyllic setting. 4 portable buildings included. Potential for a replacement dwelling, hired help dwelling and hardship dwellings. Owner has phased out of horse operations.
Portable buildings placed without permits (Seller believes permits are not required for use of storage buildings). Portable buildings generated income in the past as cottages - not a use that is permitted.
20.0 mapped water rights on this property, 19.6 acres are irrigation rights and .4 are dust abatement rights.
.09 acres were last beneficially used in 2017 and will be past 5 year non-use in 2023 season.
.25 acres were last beneficially used in 2019 and need to be irrigated, transferred or in-stream leased by 2024 to remain in good standing.
.32 acres were last beneficially used in 2020 and need to be irrigated, transferred or in-stream leased by 2025 to remain in good standing.
1.34 acres are past 5 years non-use and do not qualify for transfer of in-stream lease. Past 5 year non-use areas need to be irrigated and planted with non-native crop to bring those water rights back into good standing. Past 5 year non-use water rights are subject to forfeiture through Oregon Water Resources Dept.
The remaining 18 acres were last irrigated in 2022.
Zoned EFU (Exclusive Farm Use), TRB. Buyer to verify allowed uses with Deschutes County to their own satisfaction

Horse Facility Features

Seller anticipates the following potential annual revenue streams based on her past involvement in the business.
$48,000, lease of the horse facilities to a trainer/operator (based on past offer of $4,000/mo from trainer.
$72,000, lease of horse facilities plus the farm house (based on adding $2,000/mo for lease of home.
50,000 in boarding (based on her past rates for self-care $200 per horse per month on pasture, 16 head and $300 per month for a stall and pasture 8 head, 20% vacancy rate
For an owner operator, realistic additional potential income streams, in addition to the boarding income:
riding lessons
horse training
premium boarding based on additional services (feeding, grooming, stall cleaning, etc.)
higher boarding fees (up to $800 per month based on other local operators) with addition of indoor riding
shows and events
vacation rental with transient boarding - may yield higher income for main house.