$1,450,000
4 Bed · 3 Bath · 2,720 Sq Ft
Single-level 4BR/3BA with guest suite, oversized garage, and covered patio.
4
Beds
3
Baths
2,720
Sq Ft
2023
Built
0.97 acres
Lot
3-car attached
Garage
Arrive at a modern single-level ranch that was finished in 2023 and designed for life in Central Oregon. Set on just under an acre in the Oregon Water Wonderland neighborhood, this 2,720 sq ft home opens into a generous great room anchored by a large propane fireplace—an immediate focal point for gatherings. The chef's kitchen features an oversized island and open sightlines that keep the heart of the home connected to dining and outdoor entertaining on the expansive covered patio, which is prepped with a propane stub for a future outdoor kitchen.
Practicality and flexibility define the floorplan. A private guest suite with its own entrance and kitchenette makes long-stay visitors or multigenerational arrangements effortless, while three additional bedrooms and two more baths keep daily life comfortable. Mechanical systems include a heat pump plus forced air and propane options, and the home’s condition is described as excellent. Utilities are a mix of public electricity, private water, and septic—important considerations for rural living here.
The standout amenity is the finished 2,800 sq ft workshop: two private offices, a full bathroom, insulated and heated space, a loft area, and 200-amp service. That scale of workspace—separate from the living area—creates rare opportunities for a home-based business, artisan shop, or storage for toys and equipment. Adjacent to the home is an oversized three-car garage with added RV/boat storage capacity and a built-in dog wash station, making this property ideal for active families and serious hobbyists.
Lifestyle here leans outdoors: the Deschutes River sits roughly half a mile away for fishing, paddling and river access, Sunriver Resort is about five miles distant, and Mt. Bachelor is within easy day-trip range. While the lot is level and low-maintenance, buyers should note the parcel uses private water and septic systems; routine testing and inspection are recommended. Priced at $1,450,000 (roughly $533/sq ft), this home’s combination of new construction, high-end workshop space and river-proximate location delivers a compelling package for buyers seeking both lifestyle and functional workspace.
Oregon Water Wonderland offers spacious lots and a lifestyle built around Central Oregon’s outdoor playground. Homes here sit within easy reach of the Deschutes River for paddling and fishing, with Sunriver Resort’s amenities a short drive away and Mt. Bachelor accessible for winter recreation. The neighborhood is low-density and residential, attractive to buyers seeking privacy without sacrificing proximity to Bend’s restaurants, shops and services. Local demographics show steady growth and a household median income near $75,000 in the immediate 1-mile area, underscoring a community of active, outdoors-oriented families.
Bend's market balance currently favors sellers for well-priced, unique properties while remaining broadly balanced at the middle tier. Local market indicators: a median sale price near $800,000, roughly 2.5 months of inventory, and an average days-on-market figure around 45 days. The area has seen about 5% appreciation over the past year and roughly 25% over five years. For specialty listings—homes with expansive detached or attached workshop space, guest suites and near-river access—demand is steady because comparable inventory is limited. That scarcity, combined with Bend’s outdoor lifestyle draw, supports pricing at the upper end of recent comps; the listing at $1,450,000 aligns with the valuation range derived from nearby sales after adjustments for the large workshop and modern finishes. Buyers should expect a competitive but not frenzied environment: act decisively if this property fits your needs, but verify private utilities, septic condition, and any workshop permits as part of due diligence. For sellers, well-documented systems and clear demonstration of the workshop’s capabilities will attract quality offers quickly.
Three Rivers Elementary
Elementary
Three Rivers Middle
Middle
Caldera High
High
Very good outdoor access with the Deschutes River about half a mile away, Sunriver Resort five miles out, and Mt. Bachelor within day-trip range—ample options for boating, hiking, skiing, and golfing nearby.
Luxury single-level ranch with expansive workshop and proximity to outdoor amenities offers unique lifestyle and business opportunities.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$1400K
Midpoint
$1450K
High
$1500K
$533/SF estimated price per square foot
Sales comparison approach using recent listings and sales of similar properties in the area. Adjusted for unique features such as the large workshop and proximity to the Deschutes River.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Area experiencing steady growth due to its appeal for outdoor enthusiasts and proximity to Bend.
Proximity to outdoor recreation including the Deschutes River, Sunriver Resort, and Mt. Bachelor Ski Resort.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$375/SF
Arm's length transaction
Land purchase prior to construction
Claim this property page to feature your contact info, photos, and list price.
Claim This Listing — $49One-time fee. Your info appears on this page across CompCasa.
Connect with a licensed local agent in this area.
Request a ShowingAre you a buyer's agent?
Claim ZIP 55401 — $49/yrProperty details may be compiled from public records, MLS-derived data, and automated analysis. Agent claim indicates the agent has claimed this profile or confirmed representation of the property; it does not mean the agent has verified all property details.