First time on the market!! Escape to the heart of Central Oregon in this beautifully custom-built single-family home located in the highly desirable Oregon Water Wonderland community, surrounded by the Deschutes National Forest and offering the perfect blend of comfort and outdoor recreation. This property features a large detached shop ideal for storage, hobbies, vehicles, or workspace, plus beautifully landscaped front and back yards designed for relaxing and entertaining. Residents enjoy private access to the Deschutes River through the community marina, perfect for fishing, kayaking, and paddleboarding. The active HOA maintains asphalt roads and bridge access, snowplowing, mailboxes, clubhouse, common areas, and drainage ditches for added convenience year-round. Ideally located near Bend, Sunriver, the Newberry National Volcanic Monument, the Cascade Lakes Scenic Byway, and Mt. Bachelor Ski Resort, this home is an exceptional opportunity to enjoy the best of Central Oregon living!
Listing courtesy of Berkshire Hathaway HomeService, agent Mitch Darby
Data last updated July 12, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $615,000 · $154,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $769,000 with 20% down, this property runs $2,749 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
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