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87557 E Government Camp Loop 101, Government Camp, OR 97028 — photograph 1

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87557 E Government Camp Loop 101, Government Camp, OR 97028 — photograph 1
3 Beds3 Baths1,890 sqft

87557 E Government Camp Loop 101, Government Camp

$750,000

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ActiveMLS®: 480779927Listing held by another brokerage, marked RMLS
Price per sqft
$396.83
Built in
1981
Property size
1,890 sqft
Property type
Residential
Days on market
131

Overview

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.

Details

Interior

Interior features
Furnished, High Ceilings, High Speed Internet, Laminate Flooring, Laundry, Slate Flooring, Soaking Tub, Wall to Wall Carpet, Washer / Dryer
Appliances
Dishwasher, Disposal, Free Standing Gas Range, Free Standing Range, Free Standing Refrigerator, Induction Cooktop, Microwave, Pantry, Quartz, Solid Surface Countertop
Fireplace
Yes
Fireplaces
1
Fireplace description
Wood Burning
Cooling
No
Cooling description
None
Heating
Yes
Heating description
Hot Water
Windows
Aluminum Frames, Double Pane Windows

Exterior and lot

Lot features
Gentle Sloping, Level, Public Road
Architectural style
Chalet, Lodge
Roof
Metal
View
Yes
View description
Trees / Woods

Utilities

Sewer
Public Sewer
Water source
Private, Well

Parking

Garage spaces
0
Total parking
0

Schools

High school
Sandy
Middle school
Welches
Elementary school
Welches

Location

City
Government Camp
County
Clackamas
Subdivision
GOVERNMENT CAMP

Taxes and dues

Annual taxes
$3,873 (2025)
HOA dues
$1,221 / month

Location

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

Map showing the location of 87557 E Government Camp Loop 101, Government Camp, OR 97028
© Mapbox © OpenStreetMap

Monthly payment estimate

$5,536 /mo

20% · $150,000
7.00%
Principal and interest
$3,992
Property tax (2025)
$323
HOA dues
$1,221
Total
$5,536

Estimate only, and not an offer of credit. Assumes 20% down ($150,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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