Rhododendron, the tiny Oregon community between Government Camp and Zigzag on the Mount Hood Scenic Byway, is famous for more than being named after a plethora of pretty flowers and its handmade storybook log cabins.
The 100-year-old summer resort colony has blossomed into a popular winter escape, with visitors arriving from the Portland metro and beyond.
Where does this snowy spec stand nationally?
Vacasa Real Estate crunched numbers from its vacation rental income calculator and ranked Rhododendron as the 6th best place to invest in a snowflake-covered rental.
Tempted? Here are some of the homes for sale in Rhododendron.
--Janet Eastman | 503-294-4072
jeastman@oregonian.com | @janeteastman
RE/MAX Equity Group
18685 E. Aschoff Road is listed at $929,000.
The contemporary house, built in 1997 on 20 acres, has three bedrooms, four bathrooms and 4,019 square feet of living space plus a large deck overlooking two ponds, separate outbuilding and web-steel shop with RV doors.
"Extraordinary mountain retreat with vaulted cedar ceilings and large expansive windows bringing Mount Hood and territorial views inside," says listing agent Bill Bailey of RE/MAX Equity Group.
Mal & Seitz
65881 E. Barlow Trail Road is listed at $669,900.
The chalet-style house, built in 1949 on 11.84 acres between Sandy and Mount Hood, has five bedrooms, four bathrooms and 4,202 square feet of living space.
"Cedar exterior and pine interior with new kitchen. Great fit for sizable family, B&B, corporate retreat and many other options," says listing agent Ernst Laemmert of Mal & Seitz.
eXp Realty
22485 E. Autumn Lane is listed at $649,900.
The chalet-style house, built in 1977 on 1.4 acres with 350 feet of waterfront in a forest setting, has three bedrooms, two bathrooms and 4,404 square feet of living space plus a shop with space for an accessory dwelling unit.
"Vaulted ceilings, skylights, large windows, chef's kitchen, dining room wet bar and huge great room with wood stove. Possible rental income opportunity," says listing agent Tammy Yamamoto of eXp Realty.
Vacasa Real Estate
10 best places to buy a winter vacation home in 2019-2020.
Vacasa Real Estate's report found desirable winter rental homes are not too far from people wanting to escape highly populated areas.
The company that specializes in vacation rental real estate calculated Rhododendron's aggregate cap rate, which is the ratio of a property’s rental income less its costs, at 4.73%.
Other cities in the top 10 were Killington, Vermont (8.31%), Dillon, Colorado (4.92%) and Big Bear City, California (4.11%).
See the list of the 10 best places to buy a winter vacation home in 2019-2020.
Windermere/Sandy Real Estate
21782 E. Tree Swallow Lane is listed at $310,000.
The traditional-style house, built in 1976 on a 9,147-square-foot lot, has three bedrooms, one bathroom and 1,120 square feet of living space with private beach access to the Sandy River and a community recreation center with a pool and tennis and basketball courts.
"Near winter and summer activities. Hiking, mountain biking, snowshoeing in a peaceful setting," says listing agent Grant Baker of Windermere/Sandy Real Estate.
Zillow
67415 E. Barlow Trail Road is listed at $301,825.
The house, built in 1971 on 2.22 acres, has three bedrooms, one bathroom and 1,152 square feet of living space. The owners are in default and the property is in foreclosure.
Keller Williams Realty Portland Elite
23700 E. Lolo Pass Road is listed at $220,000.
The house, built in 1925 on 1.69 acres (two lots) between the Sandy and Zigzag rivers, has three bedrooms, one bathroom and 1,064 square feet of living space with a detached garage.
"This house has some beautiful original wood features and river rock fireplace but needs a lot of work. Bring this house back to life or do a complete tear down and build. Sold as-is. Buyer to do their own diligence," says listing agent Amy Franzen of Keller Williams Realty Portland Elite.
--Janet Eastman | 503-294-4072
jeastman@oregonian.com | @janeteastman
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