Rare opportunity to own 38.62± acres of productive irrigated ground just east of downtown Terrebonne. The property features 31± acres of COID irrigation water rights and is currently planted in orchard grass with seasonal grazing use. Improvements include a 1,796± SF single-level home built in 1999 with 3 bedrooms, 2 bathrooms, and attached garage, plus a 2,112± SF barn/farm building, additional 1,632± SF building, pump house, domestic well, septic, fencing, pond, irrigation infrastructure, and outdoor arena. Zoned EFUTE with convenient access to Hwy 97, Redmond, Smith Rock State Park, and Central Oregon recreation. A unique opportunity combining productive agricultural ground, water rights, existing improvements, and an excellent Terrebonne location. Buyer to perform due diligence regarding permitted uses, improvements, water rights, and property systems.