Salem, Oregon's Paul Kerley purchased Houston Lake Ranch, a scenic cattle ranch in Powell Butte, Oregon. Paul Kerley, a residential and commercial real estate investor located in Salem, Oregon, has almost 40 years of experience in real estate. Mr. Kerley is a former real estate attorney, property owner, property manager, and commercial real estate broker. At one time, he owned an interest in and managed more than $70M in property.
Houston Lake Ranch is a 498.6 acre property in Butte, Oregon, 29 miles northeast of Bend. This multipurpose acreage contains 309.6 acres of irrigated land with wheel lines and several agricultural buildings, including a hay barn and machine shed. The property offers three residences and the on-site Little Houston Lake, along with bountiful wildlife and numerous recreational opportunities.
Houston Lake Ranch was sold for $2.3 million, with Steve Payer of Coldwell Banker in Bend, Oregon, representing the buyer in this transaction.
