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

$758,000


3

Beds


3

Baths


1,890

Sq Ft


Condo

Active

Listed by

Ashley Troy

Redfin

503-496-7620

Last updated:

October 2, 2026, 03:22 AM

MLS#

480779927

Source:

PORTLAND

About This Home

87557 E Government Camp Loop #101

MOTIVATED SELLERS-Furnished/Immediate Rental Income(except heirlooms); POSSIBLE SELLER CARRY OPTION? SELLERS TO PAY ONE YEAR HOA's at closing.ONLY condo in Govy you can Ski to your back slider ONLY condo in Government Camp with 6 private parking spaces- ONLY condo in Government Camp that includes your HEATING Bill with HOA dues- ONLY condo in Government Camp with downstairs/ separate Owner’s storage for access to your ski gear year round- ONLY condo in Government Camp with ski fence! Welcome to your dream mountain retreat in the heart of Government Camp. Thunderhead Lodge is best known as the converted lower terminal of the historic Mt. Hood Aerial Skiway. This stunning 3-bedroom, 3-bathroom condo is 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 replace honor that storied past. The brand new kitchen features all new appliances, cabinets, a beautiful matte black quartz counter at the large eating bar, owing 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 FULLY furnished vacation rental for buyers seeking immediate returns. 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. Combined with low property taxes, your cost of ownership stays remarkably manageable. Just moments from world-class skiing at Mt. Hood Skibowl, Meadows, with the legendary Timberline Lodge a short drive away.

Home Facts

Condo

3 Baths

3 Bedrooms

Built in 1981

Subdivision & Development:

GOVERNMENT CAMP

Price Summary

758,000

$401 per Sq. Ft.

MLS #:

480779927

Last Updated:

October 2, 2026, 03:22 AM

Added:

3 month(s) 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:

$758,000

Price per Sq. Ft:

$401 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 Professional Group 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: October 2, 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.