19946 Alderwood Cir #1 & 2, Bend, OR 97702

Nestled 150 yards from the stunning Deschutes River and its scenic trail access, this custom home offers an unparalleled location. Enjoy the convenience of being near the Old Mill's vibrant scene, including amphitheater concerts, restaurants, and shops. Ideal for owners, investors, or multi-generational households, the 4bd/3.5ba main residence features separate living spaces upstairs & downstairs, ensuring privacy and flexibility. High ceilings and ample south-facing windows flood the interiors with natural light. The property includes an additional detached 1bd/1ba 535 sf ADU, bringing the total livable space to 2,805 sf. The ADU is currently a thriving short term rental generating approx. $47,000/year. The property's standout feature is a massive natural rock formation with a custom-built water feature, creating a beautiful and private outdoor oasis perfect for relaxation and entertaining. Additional highlights: oversized garage, exterior RV/van parking, and separate outdoor areas.