Bonanza Real Estate, Oregon

Homes For Sale Bonanza  - Search Now!

The Bonanza Oregon Real Estate market has never been more exciting and Holman Premier Realty can provide you with a complete range of real estate services. Bonanza is a quaint farming community located 21 miles east of Klamath Falls.

Bonanza, Oregon is a nice community that we are very excited to show you. It is nestled in the Lost River Valley at the convergence of the Langell, Poe, and Yonna Valleys.

Bonanza, Oregon is located in the rich agricultural Lost River Valley 21 miles east of Klamath Falls on State Highway 70. Lost River flows through the easterly portion of Bonanza and serves as one of the sources of water for irrigation of agricultural lands in and surrounding the town. The elevation of the town is approximately 4,200 feet above sea level.

The Town of Bonanza was developed at an old Modoc Indian site, situated along Lost River where the Langell, Poe and Yonna Valleys converge. The area's Indian name of "Nushaltkaga" refers to the many springs which characterize the area.

There are many meanings for the word Bonanza. As the story goes, the Indians came from the direction of Lakeview and spotted the Big Springs. They were so happy to find water that they called the site Bonanza, meaning "water plenty." Another possibility is that the white settlers, who arrived in the late 1800's named the area Bonanza, a Spanish word meaning prosperity.

Prosperity is what this land has offered its residents throughout the years, furnishing them with excellent farm and range land, wood for their homes and businesses, and an excellent climate. The town was founded by J.P. Roberts in 1876, and platted by Benjamin Price in 1878. The town was incorporated in 1901.

Today, Bonanza is a stable farming and ranching community of approximately 435 people. Although the town has been repeatedly plagued by disastrous fires, it has been rebuilt and now has several fine businesses and facilities. Students in the area attend Bonanza Elementry and Jr/Sr High.

Below is a community profile that gives you a preliminary look and feel of Bonanza. After reviewing the community profile, please contact us so we can schedule a private session to get to know you and your needs, wants and desires.

Click here for a FREE "Bonanza Oregon Community Profile"

Video provided by