Active

Price cut: $50K (8/12)

$1,125,000

4040 NE 20th St, Otis, OR 97368

3beds

2,784sqft

$7,373/mo

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Single Family Residence

Built in 1983

8,276 Square Feet Lot

$1,087,400 Zestimate^®

$404/sqft

$33/mo HOA

What's special

Private dockLarge outside deckLet in the sun

Location, location , location. Leisure Bay lakefront home on Devils Lake with 3B/3.5 baths (2,784 sq ft). Wall of windows facing south to let in the sun and to view the ever changing wildlife and weather. What a blessed place to spend time with family and friends. A large outside deck and lower patio for BBQ or dining outside. Stellar views to the South, east and west - able to view both sunrises and sunsets over the lake. This place has it all - with a sauna and hot tub in the downstairs for further relaxation therapy. Come have a look at this premier lakefront retreat ideal for full-time living or as a second home. Imagine what it would feel like to fish off your private dock or take excursions on the lake in your boat, kayak, canoe or paddle board. Amazing location on this small cul-de sac neighborhood of Leisure Bay.

104 days
743
40

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Primary bedroom

Description: lake views, main floor

Bedroom 2

Description: On suite bath

Bedroom 3

Description: Basement area Hot Tub now

Dining room

Description: Lake views and deck

Kitchen

Description: Lake views

Living room

Description: Lake views and deck

Media room

Description: Close to hot tub

Heating

Forced Air, Natural Gas

Cooling

None

Appliances

Included: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Range Hood, Washer, Water Heater
Laundry: Accessible Utilities or Laundry, Electric Dryer Hookup, Sink, Washer Hookup

Features

Breakfast Bar, Entrance Foyer, Kitchen Island, Open Floorplan, Sauna, Storage, Wet Bar, Beamed Ceilings, Vaulted Ceiling(s), Spa/Hot Tub
Flooring: Carpet, Concrete, Laminate
Windows: Double Pane Windows, Insulated Windows, Skylight(s), Window Treatments, Vinyl Frames, Wood Frames, Blinds
Basement: Daylight,Exterior Entry,Finished,Full,Interior Entry
Number of fireplaces: 1
Fireplace features: Gas

Interior area

Total structure area: 2,784
Total interior livable area: 2,784 sqft
Finished area above ground: 1,652
Finished area below ground: 1,132

Property

Parking

Total spaces: 2
Parking features: Attached Garage, Driveway, Garage Door Opener, Off Street, Oversized, Workshop in Garage
Garage spaces: 2

Features

Levels: Tri-Level
Patio & porch: Deck, Rear Patio, Wrap Around Deck
Exterior features: Garden, Private Yard, Storage, Balcony
Has view: Yes
View description: Bay, Lake
Has water view: Yes
Water view: Bay,Lake

Lot

Size: 8,276 Square Feet
Features: Landscaped, Private, Gentle Sloping

Details

Additional structures: Boat House, Shed(s)
Parcel number: 071112CB160000
Zoning description: R-1 Residential, Single Family
Special conditions: Standard
Other equipment: Generator

Construction

Type & style

Home type: SingleFamily
Architectural style: Contemporary
Property subtype: Single Family Residence

Materials

Shake Siding, Cedar, Wood Frame
Foundation: Combination, Concrete Perimeter, Slab
Roof: Composition

Condition

New construction: No
Year built: 1983
Major remodel year: 1983

Utilities & green energy

Electric: 200+ Amp Service, Circuit Breakers
Sewer: Septic Tank, Engineered Septic
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected, Phone Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Leisure Bay

HOA

Has HOA: Yes
Amenities included: Picnic Area, Beach Access
Services included: Maintenance Grounds, Other
HOA fee: $400 annually
HOA name: Leisure Bay Homeowners' Association
HOA phone: 504-481-4574

Location

Region: Otis

Financial & listing details

Price per square foot: $404/sqft
Tax assessed value: $1,192,580
Annual tax amount: $8,122
Date on market: 5/22/2026
Listing terms: 1031 Exchange,Cash,Conventional,Submit
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$1,087,400

$1.03M - $1.14M

$3,499/mo

Price history

Date	Event	Price
8/12/2026	Price change	$1,125,000-4.3%$404/sqft
Source: OCMLS #26-1398 Report a problem
7/10/2026	Price change	$1,175,000-4.1%$422/sqft
Source: OCMLS #26-1398 Report a problem
6/13/2026	Price change	$1,225,000-3.9%$440/sqft
Source: OCMLS #26-1398 Report a problem
5/22/2026	Listed for sale	$1,275,000+112.5%$458/sqft
Source: OCMLS #26-1398 Report a problem
5/23/2018	Sold	$600,000-4.8%$216/sqft
Source: OCMLS #LC-83314 Report a problem
3/4/2018	Pending sale	$630,000$226/sqft
Source: Coldwell Banker Gesik Realty, Inc. #17-2846 Report a problem
10/10/2017	Listed for sale	$630,000$226/sqft
Source: Coldwell Banker Gesik Realty, Inc #17-2846 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,035 +2%	$660,420 +3%
2024	$7,878 +3.3%	$641,190 +3%
2023	$7,629 +3%	$622,520 +3%
2022	$7,406 +2.6%	$604,390 +3%
2021	$7,215 +5.2%	$586,790 +3%
2020	$6,859	$569,700 +3%
2019	--	$553,110 +3%
2018	$6,467	$537,000 +1.8%
2017	$6,467 +11.8%	$527,430 +3%
2016	$5,784	$512,070 +3%
2015	$5,784 +5.1%	$497,160 +3%
2014	$5,505	$482,680 +3%
2013	$5,505 +2.8%	$468,630 +3%
2012	$5,356 +4.7%	$454,990 +3%
2011	$5,115 +2.9%	$441,740
2010	$4,970 +3.2%	$441,740 +6.1%
2009	$4,818 +2.6%	$416,390
2008	$4,697 +2.1%	$416,390 +3%
2007	$4,602	$404,270