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87557 E Government Camp Loop #101, 
Governmentcamp, OR 97028

$798,000


3

Beds


3

Baths


1,890

Sq Ft


Condo

Active

Listed by

Ashley Troy

Redfin

503-496-7620

Last updated:

July 7, 2026, 11:50 AM

MLS#

480779927

Source:

PORTLAND

About This Home

87557 E Government Camp Loop #101

Welcome to your dream mountain retreat in the heart of Government Camp, Oregon. Thunderhead Lodge is best known as the converted lower terminal of the historic Mt. Hood Aerial Skiway. Operating briefly in the 1950s as a "flying bus" to Timberline Lodge (see video attached), the abandoned station was transformed in 1962 into the lodge featuring a swimming pool, dance floor, and private rooms. This stunning 3-bedroom, 3-bathroom condo offers just under 1,900 square feet of open-concept living space — originally the restaurant and dining area of the lodge. High beamed ceilings and a native rock wood-burning fireplace honor that storied past. The brand new kitchen features all new appliances, cabinets, a beautiful matte black quartz counter at the large eating bar and dining area, flowing into two distinct seating areas in the great room — one with direct deck access. Step outside onto the deck with greenspace and trail heads to the east. Park right next to your deck when there's no snow for ultimate convenience when unloading the car or cross country ski down the path to your unit! **A proven investment opportunity:** This property has generated **$220,138 in total gross income** through Vacasa from 2019–2025, making it a compelling turnkey vacation rental for buyers seeking immediate returns. The lodge's geothermal well system provides heat, hot water, and powers the heated pool. HOA dues cover personable daily building management check ins,snow sport tuneup rm, door security, heat, water, garbage, snow removal, internet, the heated pool and a community room with your own storage room that holds your winter belongings all year round (no need to ever drive them back home!). Combined with low property taxes, your cost of ownership stays remarkably manageable. You're just moments from world-class skiing at Mt. Hood Skibowl and Mt. Hood Meadows, with the legendary Timberline Lodge a short drive away. Call your favorite agent today to schedule a private showing!

Home Facts

Condo

3 Baths

3 Bedrooms

Built in 1981

Price Summary

798,000

$422 per Sq. Ft.

MLS #:

480779927

Last Updated:

July 7, 2026, 11:50 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,890 Sq. Ft.


Structure

Structure

Architectural Style:

Chalet, Lodge

Building Area:

1,890 Sq. Ft.

Year Built:

1981


Finances & Disclosures

Finances

Price:

$798,000

Price per Sq. Ft:

$422 per Sq. Ft.

MLS Logo
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Cascade Real Estate are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: July 7, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.