Land with Home for Sale in Mulino, Oregon

Escape to your new lake home! A beautiful, wooded retreat on the lake offering stunning views, privacy, functionality, and rare versatility on 3.42 acres with 174' of fenced lake frontage. This 3 bed, 3 bath home features 3,162 sq ft with a dual living layout option ideal for multigenerational living or potential rental use, including 2 kitchens, 2 laundry areas, and 2 massive wood-burning stone fireplaces.The main level offers large windows with stunning views of the lake, an open living, dining, and kitchen layout with access to a large deck overlooking the property. The lower level includes a spacious family room, kitchenette, bedroom, bonus room, and patio access for a fully separate living setup.Extensive upgrades have already been completed, including a heat pump system (2024), Bosch furnace with air purification system, upgraded electrical panels in both the home and shop (2024), new gutters with rain guard (2023), updated flooring (2025-2026), new water heaters (50-gal 2023 & 40-gal 2025), heat pump (2024) and new toilets and faucets. Includes Jenn Air oven (2024), Maytag dishwasher (2023), Frigidaire microwave.The exterior is fully dialed in with 6' black fencing featuring multiple gates, approximately 1,000 feet of additional fencing for the upper pasture, and 174' of fenced lake frontage. A 40x40 shop painted in 2026 with 220 power provides excellent space for RVs, equipment, or business use, along with a 3-stall horse barn for equestrian potential. Security lights and 5 security cameras.Deck updates in 2025 include new railing, paint, and board replacement. The shop and well house were freshly painted in 2026.This is a rare opportunity to own a lakefront acreage property with major systems already updated, functional outbuildings, and flexible living space. Come and see your new lakeside home.