Price cut $100K
$1,100,000
1/53 BD · 4 BA · 1,811 SF · 0.22 AC
56504 Caldera Springs Court #30
Bend, OR 97707
#220214327 01 / 30
For sale
$1,099,999
20192 Reed Lane
Bend, OR 97702 · Blakley Heights
- Baths
- 0
- Acres
- 0.95
Est. $6,102/mo~8 min to downtown Bend (approx.)
Listing by Stellar Realty Northwest · 541-508-3148
MLS# 220227599 · Active
01
About this home
Rare multifamily infill opportunity in SW Bend, Oregon. Two RM-zoned parcels totaling 0.95 acres sold together in the established Blakely Heights neighborhood, 2 miles from the Old Mill District, minutes from the Deschutes River Trail, US-97, top-rated schools, and shopping. RM zoning may support up to 30 units for apartments, townhomes, or condominiums, buyer to verify with City of Bend. Previously approved by the City of Bend for a 20-unit apartment complex. Architectural plans, civil engineering plans, landscape plans, conceptual site layout, and land use approval documents all available. Utilities at the street. Site infrastructure and early site work already completed. Coulter Grove Park, a fully funded $1.75 million Bend Park and Recreation District neighborhood park, is under active design directly across the street with completion expected Summer 2028. Seller open to outright purchase, co-investment, seller carry, or partnership development. Buyer to perform own due diligence.
02
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03
Price history
43 days, no changes| Date | Event | Price |
|---|---|---|
| Aug 24, 2026 | Listed for sale | $1,099,999 |
From the MLS: original list price and latest price change. 43 days on market.
04
Drive times
~8 min to downtown Bend- Old Mill District~5 min · 1.2 mi
- Downtown Bend~8 min · 2.3 mi
- St. Charles Bend~13 min · 4.6 mi
- Sunriver Village~26 min · 16.1 mi
- Redmond Airport (RDM)~34 min · 22.5 mi
- Mt. Bachelor~36 min · 24.7 mi
- Sisters~40 min · 27.7 mi
- Smith Rock State Park~44 min · 32 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
- Type
- Residential Lots
- Lot
- 0.95 AC · 41,382 SF
- HOA
- None reported
- Taxes
- $1,523/yr
- Subdivision
- Blakley Heights
- County
- Deschutes
- Days on market
- 43
- MLS #
- 220227599
- View
- Neighborhood
- Utilities
- Electricity Connected · Cable Available
06
Location & schools
Blakley Heights44.0328° N · 121.3139° W
Directions- Elementary
- Pine Ridge Elem
- Middle
- Cascade Middle
- High
- Bend Sr High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$6,102/mo$6,102/mo
$879,999 loan · 30 yr fixed · 6.5%
- Principal & interest
- $5,562
- Property tax (listing)
- $127
- Home insurance (est.)
- $412
20% · $220,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220218610Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 1:01 PM.
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