Buying and Selling Investment Properties in 97707: Popular Neighborhoods and Property Types

by Candice Fuller

Nestled in Central Oregon’s high desert, the 97707 area—home to Sunriver and its scenic surroundings—has become a magnet for real estate investors seeking both steady income and long-term appreciation. With its blend of outdoor adventure, year-round tourism, and a strong vacation rental market, this region offers unique opportunities for both buyers and sellers of investment properties.

Why 97707 Appeals to Investors

Sunriver’s reputation as a premier resort destination draws visitors from across the Pacific Northwest and beyond. Its proximity to Bend, world-class golf courses, and easy access to skiing, hiking, and river activities make it a hotspot for short-term rentals. Investors are drawn to the area’s:

Consistent demand for vacation rentals
Strong occupancy rates during peak seasons
Appealing lifestyle amenities for both guests and owners

Popular Neighborhoods for Investment

Several neighborhoods stand out for their investment potential:

Sunriver Resort Core: Properties close to the resort’s amenities—like the SHARC Aquatic Center, golf courses, and village shops—are highly sought after by vacationers. These homes often command premium rental rates and enjoy high occupancy.
Caldera Springs: A gated community just south of Sunriver, Caldera Springs offers luxury homes and townhomes with exclusive access to lakes, trails, and a private golf course. These properties attract upscale vacationers and can yield strong returns.
Three Rivers South: This area features a mix of single-family homes and cabins, often on larger lots and near the Deschutes River. It’s popular with both long-term renters and those seeking a quieter retreat.

Types of Investment Properties

Vacation Rentals: Short-term rentals are the bread and butter of the Sunriver market. Well-furnished homes with amenities like hot tubs, bikes, and easy trail access are perennial favorites.
Single-Family Homes: These are versatile investments, appealing to both vacationers and long-term tenants. Homes with modern updates and proximity to resort amenities tend to perform best.
Condos and Townhomes: Lower-maintenance options that are especially attractive to out-of-town investors or those seeking a lock-and-leave lifestyle.

Tips for Buyers

Research local regulations for short-term rentals, as rules can vary by neighborhood.
Consider property management options if you don’t plan to be hands-on.
Look for homes with features that stand out in listings—think fireplaces, decks, or river views.

Tips for Sellers

Highlight rental income history and occupancy rates in your listing.
Stage the home to appeal to vacationers—neutral décor, inviting outdoor spaces, and updated amenities make a difference.
Work with a local agent who understands the nuances of the Sunriver market.

Whether you’re buying your first investment property or selling a well-loved vacation home, the 97707 area offers exciting opportunities for savvy investors. With the right strategy, you can make the most of this vibrant and ever-popular market.