31206 E Collins Lake Rd #25, Government Camp, OR, 97028
About This Home
Dreamy mountain escape located in the highly desirable Government Camp community at the foot of Mt. Hood. This rare 3-bedroom, 3-full-bathroom penthouse offers breathtaking views of the lake, Mt. Hood, and the surrounding hills blanketed in the beautiful trees the Pacific Northwest is known for. It is a quick, convenient drive to Ski Bowl, Timberline, or Meadows. The main floor features abundant open living space anchored by a spacious living room with a cozy fireplace and stone surround. The kitchen is a chef’s dream, boasting expansive granite slab countertops, a two-tier island with breakfast bar, premium stainless steel appliances including a gas range, and generous storage in knotty alder cabinets that match the doors, baseboards, and trim throughout the home. Beautiful Brazilian cherry hardwood floors blend with plush high-end carpet, while expansive vaulted ceilings and stunning exposed beams complete the majestic feel. The penthouse is filled with a perfect mix of natural light and abundant artificial lighting. The main level includes two bedrooms and two bathrooms plus laundry for everyday convenience. Upstairs, you’ll find a third semi-bedroom (open to the floor below with railings but easily enclosed to create a true third bedroom) and a full bathroom. The primary suite offers a spacious approximately 350-square-foot bedroom, an oversized walk-in closet, and a luxurious bathroom with dual-sink vanity, a large soaking tub, and a stunning walk-in shower that feels like a 5-star resort spa. Additional highlights include abundant storage throughout, a large rear balcony perfect for enjoying the gorgeous PNW scenery, deeded secure parking in the garage under the building, and access to the community pool and hot tub. Whether you seek a full-time residence or a part-time vacation property, this exceptional penthouse is a truly outstanding choice.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2007
Materials
- Roof: Metal
- Construction materials: Cedar,Cultured Stone
Type & Style
- Home type: Condo
- Property subType: Residential,Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Free-Standing Range,Microwave,Plumbed For Ice Maker,Stainless Steel Appliance(s),Propane Water Heater
Bedroom2
- Features: Closet, Wallto Wall Carpet
- Level: Main
- Area: 169
Bedroom3
- Features: Bathroom, Loft,Vaulted Ceiling
- Level: Upper
- Area: 204
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
Dining Room
- Features: Laminate Flooring, Vaulted Ceiling
- Level: Main
Features
- Granite,Vaulted Ceiling(s),Built-in Features,Closet,Bathroom,Loft,Balcony,Suite,Walk-In Closet(s),Kitchen Island
- Flooring: Hardwood,Heated Tile,Tile,Wall to Wall Carpet,Laminate
- Number of fireplaces: 1
- Fireplace features: Propane
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Hot Water
- Cooling features: Central Air
Interior Area
- Total structure area: 2,280
- Total interior livable area: 2,280 sqft
Kitchen
- Features: Granite, Laminate Flooring
- Level: Main
Master Bedroom
- Features: Balcony,Suite, Walkin Closet
- Level: Main
- Area: 260
Property
Accessibility
- Accessibility features: Accessible Elevator Installed,Walkin Shower,Accessibility
Details
- Parcel number: 05020699
Features
- Levels: Two
- Stories: 2
- Entry location: Upper Floor
- Private pool: Yes
- Patio & porch: Covered Patio
- Exterior features: Gas Hookup,Balcony
- Has spa: Yes
- Spa features: Association,Builtin Hot Tub
- Has view: Yes
- View description: Lake,Mountain(s),Trees/Woods
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake
- Waterbody name: Collins Lake
Lot
- Features: Gentle Sloping,Greenbelt,Trees
Parking
- Total spaces: 1
- Parking features: Secured,Condo Garage (Deeded),Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Cold Wave
- Landslide
- Volcanic Activity
- Wildfire
- Avalanche
- Earthquake
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Clackamas County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,966 | $71,592 |
| Home Insurance * | $370 | $4,440 |
| Property Taxes | $826 | $9,912 |
| Electricity | $206 | $2,483 |
| Total | $7,368 | $88,416 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-06 | Listed for sale | $1,180,000 |
| 2019-09-04 | Sold | $640,000 |
| 2019-07-23 | Pending sale | $699,900 |
| 2019-06-04 | Listed for sale | $699,900 |
| 2014-07-02 | Listing removed | $569,900 |
| 2014-01-03 | Listed for sale | $569,900 |
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