Rare and versatile 5.71 acre property minutes from Bend with valuable senior COID water rights. Anker Farm includes two legal dwellings on one tax lot--a fully renovated 3,200 sq ft (1929) stone farmhouse (4 bed, 3.5 bath, dual primary suites, chef's kitchen, wraparound deck) plus a 471 sq ft (1911) cabin with proven short-term rental income (~$25K/yr). Also includes an adjacent, separate legal lot of record that is buildable, offering future development, resale, or multi-generational potential. Improvements include a 2,600 sq ft five-bay shop, irrigated and cross-fenced pastures, private irrigation infrastructure, and separate septic systems. Rare combination of income, land, and upside in a prime Bend location.