A truly rare McKenzie River property offering two separate legal lots, two residences, privacy, river access and exceptional flexibility. Set well back from the road in a peaceful, treed riverfront setting, 49482 McKenzie Hwy is the main log-style home with the warmth and character buyers hope to find on the river. The home features a beautiful river rock fireplace, inviting living and dining areas, a bedroom on the main level, two bedrooms upstairs, and wonderful spaces for gathering, relaxing and enjoying the river. A separate guest suite connected by a breezeway adds even more flexibility, with its own fireplace and beautiful riverfront views. 49480 McKenzie Hwy includes an 820 sq ft cottage/cabin on 2.51 acres with one bedroom plus a loft, wood stove and full kitchen, offering excellent space for guests, extended family, caretaker use, studio space, office, or a peaceful getaway. In its current configuration, the 49480 parcel may also offer future riverfront building potential closer to the river, subject to buyer due diligence and applicable land-use requirements. With amazing fishing, river access, privacy, and room for multiple uses, this is a special opportunity to create a lasting McKenzie River retreat, family compound, or legacy property in one of Oregon's most treasured recreational areas. Approximate square footage listed reflects the combined square footage of both residences: 2,768 sq ft for 49482 and 820 sq ft for 49480.