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Tucked away in the heart of Evans Valley, where Evans Creek and May Creek border the land, lies one of Southern Oregon's most treasured legacy waterfront ranches. Spanning 48.07 picturesque acres across two EFU tax lots with valuable water rights, this extraordinary estate feels straight from a storybook. Rolling pastures, mature trees, and open meadows create a breathtaking setting where elk return each spring to calve beneath wide Oregon skies.
The stunning 3,406 sq. ft. custom home features soaring cathedral ceilings, dramatic timber accents, walls of windows, and an expansive wraparound porch perfectly designed to capture the sweeping views. The iconic restored 1940s red barn, admired for decades by photographers and locals alike, anchors the property alongside multiple outbuildings and livestock facilities. Completing the estate is a spacious 4-car garage with extensive built-in storage. A rare opportunity to own a timeless Southern Oregon waterfront sanctuary. Don't miss Video!
Listing courtesy of Oregon Dreams Real Estate, agent Gina Rice
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 $744,000 · $186,000 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 $4,650 ($3,950–$5,350) · starting estimate. Edit to your own number.
At $930,000 with 20% down, this property runs $1,796 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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