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3445 NE 40th Ct, Neotsu, OR 97364

$1,450,000
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Property Description

Rare, universally designed, lakefront, income property embracing the timeless beauty of the Oregon Coast. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming - whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking.

3445 NE 40th Ct | MLS# 782296854

This multi-family property located at 3445 NE 40th Ct, Neotsu, OR 97364 is currently listed for sale with an asking price of $1,450,000. Search Neotsu real estate on cameronvaldez.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity, Gas
Heating: Other, WallHeater
Roof Type: Composition
Stories: 2.0
Taxes: $13,855
Year Built: 2004

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $2300.00
Square Footage: 2000
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $2000.00
Square Footage: 1000
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1695.00
Square Footage: 850
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Rent: $1095.00
Square Footage: 500
Total Units: 1

Feature Descriptions

Body of Water: DevilÃ?¢ââ??‰â??¢s Lake
Days on Site: 1
Exterior: Cedar, Shake Siding
Gross Income: $85080.00 (Actual)
Hot Water: Gas
Lot: Cul-de-sac
Net Income: $68225.00 (Actual)
Operating Expenses: $16855.00 (Actual)
Parking: Driveway, Garage
Parking Notes: Driveway, Garage
Sewer: Public Sewer
Special View Info: Lake
Units: 4
Water: Public Water
Waterfront: Lake

Local Schools

High School: Taft
Middle School: Taft
Elementary School: Oceanlake

Listed By / Shown By

Listed By

Agency Name: Kiwanda Coastal Properties
Agency Phone: 503-965-6255

Shown By

Agent Name: Cameron Valdez Broker
Agent Phone: (267) 622-1419
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 8,909.49 per month $7,331.99 Principal & Interest $1,154.58 Property Tax $422.92 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/26/2026. The listing information on this page last changed on 05/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/26/2026 1:55:06 PM EST) or RMLS (last updated Tue 05/26/2026 10:35:29 AM EST) or COAR/MLSCO (last updated Tue 05/26/2026 1:51:43 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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