Steens Mountain Wilderness Resort
Oregon
Asking price
$1,675,000
Sites
—
Cap rate
—
Price / site
—
About this property
Gateway to Steens Wilderness Steens Mountain Wilderness Resort offers a rare investment opportunity in one of the Pacific Northwest’s most unique scenic landscapes. Located just outside Frenchglen, Oregon, this immaculately maintained 16.79-acre property serves as the primary "Gateway to the Steens". Bordering the Malheur National Wildlife Refuge and surrounded by vast public lands, the resort is a major hub for travelers, hunters, and anglers seeking a basecamp for adventure. With a high level of operational efficiency, the business yields a 11.5% return on investment and benefits from nearly zero advertising fees, relying on a loyal base of frequent customers who return year in and year out. This profitable venture is uniquely structured for a balanced lifestyle, operating only eight months out of the year. This seasonal schedule provides the owner with a whopping four-month off-season, offering the perfect opportunity to snowbird while the property is winterized. Guest accommodations are diverse and in high demand, featuring 10 total cabins, including seven units equipped with kitchenettes, air conditioning, and bathrooms . Among these is ‘The Homestead,’ a premium 924-square-foot, two-bedroom residence featuring private laundry, a heat pump, and a covered porch overlooking the refuge. For RV travelers, the park provides 32 full-hookup sites, including both 30 and 50-amp options, along with 12 additional tent sites. Every site is cleanly numbered and most are furnished with its own picnic table and fire pit, reflecting the substantial pride of ownership found throughout the park. Operational infrastructure is equally robust, including a spacious office building with a retail store, guest laundry, and showers . A maintenance shop includes storage for tools and equipment along with pull through garage doors while featuring a "man cave" with epoxy flooring and AC, providing an organized space for any project . The crown jewel of the property is a 2,996-square-foot custom residence that is a 5 bedroom, 3 bathroom setup situated on its own private tax lot. Built in 1998 from beautiful juniper logs, this two-story home features an open-concept kitchen with quartz countertops and wooden cabinets that flow into a vaulted family room with a massive rock fireplace. A custom spiral staircase leads to a master suite with a large jacuzzi tub, while large windows provide breathtaking, natural-light-filled views of the valley . Recreational opportunities just outside the boundary are endless, from exploring the 66-mile Steens Mountain Loop Road to fly fishing for native Redband trout. Guests enjoy nearly 15 hours of summer daylight for hiking glacial gorges or spotting wild horses and bighorn sheep. After dark, the region offers some of the most spectacular stargazing in the country under true dark skies. Steens Mountain Wilderness Resort represents an exceptional turnkey investment, offering a consistent 11.5% return on investment with a loyal, repeat customer base and a flexible eight-month seasonal schedule that allows for a dedicated four-month snowbird lifestyle in the heart of Oregon's most breathtaking high-desert recreation. This is not just an investment; it is a gateway to an unforgettable high-desert lifestyle that pairs strong financial performance with the freedom to explore. Resort Improvements With substantial pride of ownership the park is extremely clean, from the office space to the cabins to the campsites. The main office is spacious with a large covered front entrance. The exterior has lap hardie plank siding, metal roof, vinyl windows, and features mini splits for the hot summer days. The office space is located at the beginning of the resort with check ins for the guests, bathrooms equipped with showers, laundry facilities, storage, and a small store with apparel, snacks, and supplies for the guests.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $1,675,000 |
|---|---|
| First seen by UnitListed | Oct 21, 2026 |
| Source page last checked | Oct 24, 2026 |
| Source last changed | Oct 21, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 21, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 21, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
