Listing provided courtesy of Hicks Team - Fay Ranches LLC- MLS# 220198205MLS Provider

0 NE Hwy 97Madras, OR 97741

Single Family · 4 Beds · 2 Full Baths · 1 Half Bath · 4,652 Sq. ft. | 49938.40 Acres
$48,560,000 Active

0 NE Hwy 97 Overview

Time on Site:
460 days
Visits:
60

Spanning over 51,087 deeded acres with an additional 15,000 acres of BLM grazing permits, the ranch encompasses an impressive 66,000 acres of diverse and productive land. This property has been a highly successful commercial cattle operation, with an ideal mix of fertile valley meadows, 2,438.4 acres of irrigated hay ground, and expansive grazing rangelands. The operation is rated for 1,200-1,500 mother cows, ensuring long-term sustainability and profitability. With a perimeter of over 100 miles, the breathtaking landscapes ensure no two days look the same. The ranch is fully equipped with a variety of living spaces, including an elegant owner's home featuring a gourmet stainless steel kitchen, four-bedroom suites, 2.5 baths, and a grand fireplace room. Additional accommodations include multiple manager and ranch-hand residences, remote hunting cabins, a dance hall, a church, and a rodeo arena with amenities.

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0 NE Hwy 97 Facts & Features

  • Type Single Family
  • Sq. ft. 4,652
  • Price/Sq.ft. $10,439
  • Lot 49938.40 Acres

Details

General

School Information

  • Elementary School: Madras Elementary
  • Middle Or Junior School: Jefferson County Middle
  • High School: Madras High

Building Information

  • New Construction: false
  • Year Built: 1921

Business Information

  • Current Use: Agricultural,Grazing,Pasture,Ranch,Recreational

Location/Region

  • County Or Parish: Jefferson
  • Subdivision Name: N/A

Tax Information

  • Tax Annual Amount: 65155.4
  • Tax Year: 2023

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 51
  • Property Type: Farm
  • Special Listing Conditions: Trust

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 4

Building Interior

  • Building Area Total: 4652.0

General Information

  • Fireplace Features: Great Room
  • Fireplace: true
  • Flooring: Hardwood
  • Foundation Details: Slab
  • Levels: Two
  • Living Area: 4652.0
  • Living Area Source: Assessor

Exterior

Parking Information

  • Parking Features: Driveway,Gravel

Lot Information

  • Additional Parcels Description: See documents for full list of parcel ID's
  • Additional Parcels: true
  • Crops Included: true
  • Lot Features: Adjoins Public Lands,Fenced,Landscaped,Pasture,Sloped,Water Feature
  • Lot Size Acres: 49938.4
  • Lot Size Area: 49938.4
  • Lot Size Square Feet: 2175316704.0
  • Lot Size Units: Acres
  • Road Surface Type: Dirt,Gravel,Paved
  • Water Source: Spring

Waterfront/View

  • View: Lake,Mountain(s),Pond,Ridge,River
  • Waterfront Features: River Front,Pond,Stream
  • Waterfront: true

Building Exterior/Construction

  • Architectural Style: Colonial
  • Attached Garage: false
  • Construction Materials: Frame
  • Roof: Shake

General Information

  • Fencing: Barbed Wire,Cross Fenced,Perimeter
  • Horse: true
  • Other Structures: Animal Stall(s),Arena,Barn(s),Corral(s),Guest House,Mobile Home,Shed(s),Stable(s),Storage,Workshop,Chutes
  • Sewer: Other

0 NE Hwy 97 Neighborhood

Community

97741 (Madras) Demographics

40
Median Age
36
Population Density (per sq. mile)
32%
College Educated
$52,400
Estimated Median Income
2,586
Estimated Total Home Owners
1,844
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

0 NE Hwy 97 Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

0 NE Hwy 97 Market Data

Based on the last 30 days in this zip code

$464,993
Average List Price
$257
Average Price per Square Foot
19
Properties Sold
114
Average Days on Market
175
Properties for Sale
Calculations provided by Reliance Network

0 NE Hwy 97 History

Date Event Value Agent
4/27/2026Source: Oregon Datashare Price Reduction
$48,560,000 -11.0%
9/22/2025Source: Oregon Datashare Price Increase
$54,580,000 4.5%
3/27/2025Source: Oregon Datashare Added to Database
March 27, 2025