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  • $1,200,000

    1381 NE East Devils Lake Rd, Otis, OR 97368

    5beds
    3,202sqft
    : 
    Single Family Residence
    Built in 1968
    0.41 Acres Lot
    $1,141,100 Zestimate®
    $375/sqft
    $-- HOA

    What's special

    Electric fireplace with heatBreathtaking sunset viewsExceptional waterfront propertyNew washer and dryer
    Experience lake living at its finest on one of the most coveted stretches of Devils Lake. Perfectly positioned on the east side of the lake with a west-facing orientation, this exceptional waterfront property captures breathtaking sunset views and offers a rare blend of luxury, comfort, and versatility. Thoughtfully designed as a private retreat or multi-generational getaway, the property features three distinct buildings: a beautifully updated 4-bedroom, 2.5-bath main lake house, a charming 1-bedroom, 1.5-bath guest cottage and a spacious boathouse ideal for entertaining or relaxing just steps from the water. A newly constructed bridge seamlessly connects the main house and cottage, enhancing both function and flow. Inside the main home, modern upgrades and elevated finishes create a refined yet welcoming atmosphere. Enjoy year-round comfort with a mini split system and an electric fireplace with heat, while three new Samsung TVs paired with a Sonos sound system and Google Nest WiFi provide effortless connectivity and entertainment. The kitchen is equipped with a Wolf gas range and Bosch dishwasher, making it as functional as it is stylish. The primary suite has been thoughtfully enhanced with a new laundry area, custom makeup space and a beautifully updated shower. Step outside and embrace the ultimate lake lifestyle. A private dock and two jet ski lifts (one newly installed) make getting on the water easy, while the reinforced lake wall adds long-term peace of mind. Gather around the firepit by the water's edge as the sun sets over the lake, creating the perfect setting for unforgettable evenings. After a day on the lake, unwind in the brand-new Woodstock Elite hot tub under a custom gazebo cover—perfect for taking in the sunset and serene surroundings. With a new washer and dryer, thoughtful upgrades throughout, and an unbeatable location on Devils Lake, this one-of-a-kind property offers an extraordinary opportunity to own a true waterfront sanctuary.
    2 days
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    529
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    36
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    Zillow last checked: 7 hours ago

    Listing updated: March 27, 2026 at 02:55pm

    Listed by:

    Sean Dooney 503-593-5493,

    Keller Williams Portland Premiere

    Source: OCMLS,MLS#: 26-748MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Bedroom 5
      • Description: In the cottage
      Dining room
      • Description: In the cottage
      Kitchen
      • Description: In the cottage
      Laundry
      • Description: In the cottage
      Living room
      • Description: In the cottage
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Heat Pump
      Appliances
      • Included: Dryer, Disposal, Dishwasher, Gas Cooktop, Refrigerator, Washer
      Features
      • Eat-in Kitchen, Kitchen Island, Sound System, Beamed Ceilings, Ceiling Fan(s), Spa/Hot Tub
      • Flooring: Carpet, Hardwood
      • Windows: Vinyl Frames
      • Has basement: No
      • Number of fireplaces: 3
      • Fireplace features: Gas
      Interior area
      • Total structure area: 3,202
      • Total interior livable area: 3,202 sqft
      • Finished area above ground: 3,202
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 3
      • Parking features: Driveway, Oversized
      • Carport spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Open Patio
      • Has view: Yes
      • On waterfront: Yes
      Lot
      • Size: 0.41 Acres
      • Features: Level
      Details
      • Additional structures: Boat House, Guest House
      • Parcel number: R297120
      • Zoning description: R-1 Residential, Single Family
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Fiber Cement
      • Foundation: Concrete Perimeter
      • Roof: Membrane
      Condition
      • New construction: No
      • Year built: 1968

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

      Community & HOA

      Community
      • Security: Security System
      HOA
      • Has HOA: No
      Location
      • Region: Otis

      Financial & listing details

      • Price per square foot: $375/sqft
      • Tax assessed value: $1,247,030
      • Annual tax amount: $6,118
      • Date on market: 3/27/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Electric utility on property: Yes
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        Estimated market value

        $1,141,100

        $1.08M - $1.20M

        $3,486/mo

        Price history

        Price history
        DateEventPrice
        3/27/2026Listed for sale$1,200,000-2%$375/sqft
        Source: RMLS (OR) #668494110 Report a problem
        9/26/2023Sold$1,225,000-7.5%$383/sqft
        Source: OCMLS #LC-99066 Report a problem
        8/8/2023Contingent$1,325,000$414/sqft
        Source: OCMLS #23-1270 Report a problem
        6/30/2023Listed for sale$1,325,000+490.2%$414/sqft
        Source: OCMLS #23-1270 Report a problem
        10/23/1998Sold$224,500-5.3%$70/sqft
        Source: OCMLS #98-11042 Report a problem
        8/16/1994Sold$237,000$74/sqft
        Source: OCMLS #94-10421 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$5,819 +3.3%$473,620 +3%
        2023$5,635 +3%$459,830 +3%
        2022$5,470 +2.6%$446,440 +3%
        2021$5,330 +5.2%$433,440 +3%
        2020$5,066 $420,820 +3%
        2019-- $408,570 +3%
        2018$4,932 $396,670 +3%
        2017$4,932 +13.5%$385,120 +3%
        2016$4,344 $373,910 +3%
        2015$4,344 +4.7%$363,020 +3%
        2014$4,147 $352,450 +3%
        2013$4,147 +11%$342,190 +6.1%
        2011$3,735 +2.9%$322,560
        2010$3,629 +3.2%$322,560 +6.1%
        2009$3,518 +2.6%$304,050
        2008$3,430 +2.1%$304,050 +6.1%
        2007$3,360 $286,610

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $7,028/mo
        Principal & interest
        $6188
        Property taxes
        $840
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          Climate risks

          Neighborhood: 97368

          Getting around

          7 / 100
          Car-Dependent
          19 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 97368

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