$1,265,000
3760 Highway 97
Madras, OR 97741 · N/A
Down $30,000 from original list price $1,295,000.
Active Under Contract362 days on market$350/sqft
Facts
Listing courtesy of MORE Realty, Inc., agent Carliza Martindale
Data last updated June 20, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Experience the ultimate Central Oregon hilltop retreat with sweeping views of Mt. Hood, Mt. Jefferson, and the valley beyond! This private estate offers luxury, versatility, and income potential in a serene setting. The main home features 4 bedrooms, an office, and a primary suite with fireplace, spa bath, and deck access. Enjoy the open concept great room and chef's granite kitchen or unwind in the hot tub at sunset. Upstairs, a spacious room serves as a media lounge or bonus suite with panoramic views. A 3-car garage, sauna, and expansive deck add to the luxury. The detached, permitted, ADU shines with a wraparound porch, hot tub, modern finishes, and quartz countertops, offering flexible space for guests, rental, or multigenerational living. An RV garage and shop provide storage, hobby space, and include a pickleball court. Minutes from Lake Billy Chinook & Smith Rock, this estate blends privacy, lifestyle & investment opportunity.
This home is listed at $1,265,000 — 217.0% above the Madras median. See full Madras market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $1,012,000 · $253,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $1,798 ($1,625–$2,075) · HUD Fair Market Rent (FY2025), Jefferson County, 4BR. Edit to your own number.
At $1,265,000 with 25% down, this property runs $6,026 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
Get the rental projectionBrowse current listings with a full video tour. See the flow, the light, and the lot before you book a showing.
