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21501 E Odell RoadCrescent Lake, OR 97733Price: $4,100,000

  • Price: $4,100,000
  • 40 Days on Market
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Federal 30-year interest rate: 6.9% last updated on Feb 22, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $4,100,000List Price
  • 21.6Acreage
  • 13,150Square Feet
Listed by Konni Ditgen of Land and Wildlife LLC
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WELCOME to a once in a lifetime business opportunity to own a piece of Oregon history, established in 1903 as one of the oldest resorts in the state. Odell Lake Resort is a year-round paradise LOCATED at the east end of Odell Lake, in the beautiful Deschutes National Forest and at the summit of Willamette Pass. Diamond Peak Wilderness lies adjacent providing hiking opportunities to multiple smaller lakes and access to the Pacific Crest Trail. Guests come to relax in nature and enjoy a wide range of amenities and activities including fishing, boating, mtn biking, hiking, snowmobiling, x-country skiing, snowshoeing, equine activities and downhill skiing & snowboarding, just minutes away. The resort is perfect for weddings, reunions, church groups, corporate events and retreats with multiple gathering options. You'll even find an adjacent airstrip for landing private planes. FISHING at Odell is world-class and home to the state record Mackinaw at 40 1/2 lbs. Kokanee (sockeye salmon) are plentiful along with Rainbow and other smaller fish on the shoreline. Guide services are offered along with tackle designed to successfully fish Odell. The MAIN LODGE consists of a check-in/concessions/rental area, gathering room for relaxation and a full-service RESTAURANT which seats up to 50 guests. The lakeview patio accommodates approximately 40 and the deck seats up to 80, supplying additional overflow seating for special events. ACCOMMODATIONS consist of 7 LODGE ROOMS and 14 CABINS which sleep 4 to 16 guests each, along with a CAMPGROUND consisting of 25 oversized sites; 12 of which are lakeside. Odell Lake Resort operates 365 days a year under a land lease special use permit from USFS and offers an excellent ROI at approximately 12% CAP rate. There are currently 12 winter employees & approximately 19 in summer. This special resort has been family owned for 20 years and offers an opportunity, not to be missed!

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Based on information submitted to OR_RMLS_WEB_API as of February 28, 2024 8:43 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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