Experience the rare opportunity to own one of the newest luxury lake homes, a striking 2024-built contemporary retreat offering 100+ feet of waterfront, private ski dock access, and effortless lake living. Tucked away in the peaceful Horseshoe Bay cove, this exceptional property combines modern design, privacy, and breathtaking southwest exposure with abundant wildlife and a true sanctuary feel. The thoughtfully designed home features dual primary suites with spa-inspired rain showers, including a main-level primary retreat with a soaking tub and private deck overlooking the outdoors. The open-concept living space showcases a stunning gourmet kitchen with a 36" gas range, wall oven/microwave combo, stainless steel appliances, soft-close cabinetry, and an expansive island perfect for entertaining. Enjoy year-round relaxation with the outdoor lounge deck, barrel sauna, and seamless indoor-outdoor living. Built above flood elevation with no flood insurance required, this energy-efficient home includes gas forced-air heating, on-demand hot water, gas fireplace, exterior gas stub, and hot/cold outdoor water access. A large private fenced lot offers incredible space for recreation with RV parking, boat parking, and the opportunity to join the short-term rental waiting list. Whether you're seeking a luxury lake retreat, full-time residence, or investment opportunity, this one-of-a-kind waterfront home delivers the ultimate combination of contemporary architecture, premium amenities, and unforgettable lakefront living.
Active
Price cut: $76K (8/24)
$1,099,000
4897 NE East Devils Lake Rd, Otis, OR 97368
2beds
2,414sqft
Single Family Residence
Built in 2024
0.3 Acres Lot
$1,066,800 Zestimate®
$455/sqft
$-- HOA
What's special
Gas fireplaceOpen-concept living spaceBarrel saunaSeamless indoor-outdoor livingLarge private fenced lotOn-demand hot waterRv parking
- 60 days
- 464
- 29
Zillow last checked:
Listing updated:
Listed by:
Hannah Katz 541-418-3101,
Coldwell Banker Professional Group - Lincoln City
Source: OCMLS,MLS#: 26-1965
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Washer, Water Heater
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Kitchen Island, Open Floorplan, Soaking Tub, Vaulted Ceiling(s)
- Flooring: Carpet
- Windows: Double Pane Windows
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 2,414
- Total interior livable area: 2,414 sqft
- Finished area above ground: 2,414
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, Driveway, Garage Door Opener, Paved, RV Access/Parking
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Covered Porch
- Fencing: Wood
- Has view: Yes
- View description: Other, Lake
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.3 Acres
Details
- Parcel number: 071101BA1081200
- Zoning description: R-1 Residential, Single Family
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Cedar
- Foundation: Concrete Perimeter
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 2024
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Horseshoe Bay
HOA
- Has HOA: No
Location
- Region: Otis
Financial & listing details
- Price per square foot: $455/sqft
- Annual tax amount: $7,227
- Date on market: 7/16/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$1,066,800
$1.01M - $1.12M
$4,246/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Price change | $1,099,000-6.5%$455/sqft |
Source:  RMLS (OR) #327483614 Report a problem | ||
| 7/16/2026 | Listed for sale | $1,175,000$487/sqft |
Source:  OCMLS #26-1965 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 97368
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