$1,595,000
23118 Watercourse
Bend, OR 97701 · Pronghorn
Down $400,000 from original list price $1,995,000.
Active127 days on market$472/sqft
Listing courtesy of Engel & Voelkers Bend, agent Michelle Rea
Data last updated June 21, 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.
Experience elevated living in the heart of Juniper Preserve, where contemporary design meets serene pond-side beauty. Perfectly positioned along the community's main pond, this striking two-story home showcases a stone-clad façade, clean architectural lines, and integrated planter boxes that blend modern elegance with nature. Inside, the open great room features 18-foot vaulted ceilings, exposed beams, and expansive windows that fill the space with natural light. Designed for effortless living and entertaining, the home flows seamlessly to outdoor spaces, including a rear patio with endless possibilities. The thoughtfully designed layout includes three bedrooms, a study, and a versatile bonus room with an upstairs balcony—ideal for guests, media, or an additional bedroom. The primary suite offers a private patio, creating a peaceful personal retreat. A three-car garage provides ample storage and convenience. A Pronghorn Premier Club Membership $115,000. is included.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $1,276,000 · $319,000 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 $1,595,000 with 25% down, this property runs $8,279 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.
Get the rental projectionBrowse current listings with a full video tour. See the flow, the light, and the lot before you book a showing.
