An established Salem, Oregon, real estate entrepreneur, Paul Kerley guides Commercial Property Resources, Inc., where he manages an extensive, statewide investment portfolio. One significant Powell Butte, Oregon, acquisition that Paul Kerley led in 2020 involved a 500-acre, rural property called Houston Lake Ranch.
More than half of the Houston Lake Ranch acreage is fully irrigated and set up for agricultural use, drawing water from Little Houston Lake. In addition to its use for livestock watering, the lake serves as a wildlife haven that is stocked with fish and attracts migratory and nesting birds. This allows for recreational activities on the property, such as fishing and hunting.
Buildings on the property include an original 2,030-square-foot ranch home that has four bedrooms, as well as a pair of newer two- and three-bedroom residences. These dwellings offer residents and guests expansive views of Cascade Mountain and Smith Rock. The Salem-based real estate team coordinated the $2.3 million purchase of Houston Lake Ranch through Steak OnThe Hoof, LLC.
