Rare development opportunity in NW Bend close to Riley Ranch Reserve! Home is up the hill with plenty of privacy and is on 1.26 acres. Lower parcel is .78 acre. This MidCentury home has great bones, vaulted ceilings with lots of nice wood details! Main level has primary bedroom, another bedroom, 1/2 bath, living room, dining room and kitchen. There is access to the large deck via the living room as well as the kitchen. The living room has a large wood burning fireplace. Downstairs has another two bedrooms, one bathroom and living area with fireplace insert. Living area has a slider to a small porch area overlooking the land and canal below. The home had water damage and is in need of extensive repair. Will not qualify for conventional financing. Plenty of opportunity to remodel the existing home or build new and develop the lots below!