Perched above the iconic Clackamas River, this truly unique and irreplaceable property offers an exceptional blend of breathtaking territorial views and peaceful Pacific Northwest living. Surrounded by lush forest, the home is thoughtfully designed to embrace its stunning natural setting, featuring abundant windows and open living spaces that bring the outdoors in.The open layout flows effortlessly into a chef-style kitchen, creating the perfect space for gathering, cooking, and entertaining while enjoying the surrounding scenery.Whether you're an outdoor enthusiast seeking easy access to nearby hiking and fishing or simply looking for a quiet retreat, this remarkable location offers the best of both worlds. Enjoy your morning coffee among the trees as fog drifts through the forest and across the river valley.The home features four bedrooms, a dedicated office, and an exceptional laundry room designed with both space and functionality in mind. The primary suite offers a spa-like bathroom, creating a private retreat to relax and unwind after a day of enjoying the outdoors. This is a property that truly must be experienced to fully appreciate the beauty, tranquility, and lifestyle it offers in the heart of the Pacific Northwest. Seller is a licensed Oregon Real Estate broker.
Active
Price cut: $10K (6/29)
$699,900
1041 SE Olive Way, Estacada, OR 97023
4beds
2,728sqft
Residential, Single Family Residence
Built in 2026
-- sqft lot
$-- Zestimate®
$257/sqft
$103/mo HOA
What's special
Open living spacesBreathtaking territorial viewsDedicated officeSurrounded by lush forestAbundant windowsChef-style kitchenFour bedrooms
- 115 days |
- 216 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Danielle Little 503-504-3109,
Greentown Real Estate,
Jillian Gregg 971-322-9212,
Greentown Real Estate
Source: RMLS (OR),MLS#: 534988817
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Den, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Upper
- Area: 208
- Dimensions: 13 x 16
Bedroom 2
- Level: Upper
- Area: 132
- Dimensions: 12 x 11
Bedroom 3
- Level: Upper
- Area: 182
- Dimensions: 13 x 14
Dining room
- Level: Main
- Area: 209
- Dimensions: 19 x 11
Kitchen
- Level: Main
- Area: 225
- Width: 15
Heating
- Forced Air 95 Plus
Cooling
- Air Conditioning Ready
Appliances
- Included: Dishwasher, Disposal, Free-Standing Gas Range, Microwave, Stainless Steel Appliance(s), Electric Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, Quartz, Kitchen Island, Pantry, Tile
- Flooring: Tile, Wall to Wall Carpet
- Windows: Double Pane Windows
- Number of fireplaces: 1
- Fireplace features: Propane
Interior area
- Total structure area: 2,728
- Total interior livable area: 2,728 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Garage On Main, Natural Lighting, Accessibility
Features
- Stories: 2
- Patio & porch: Covered Deck, Deck
- Exterior features: Yard
- Has view: Yes
- View description: Territorial, Trees/Woods
Lot
- Features: Sloped, Trees, Wooded, SqFt 7000 to 9999
Details
- Parcel number: 05036402
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Residential, Single Family Residence
Materials
- Board & Batten Siding, Cement Siding, Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Details
- Warranty included: Yes
Utilities & green energy
- Gas: Propane
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Thomas Heights
HOA
- Has HOA: Yes
- HOA fee: $103 monthly
Location
- Region: Estacada
Financial & listing details
- Price per square foot: $257/sqft
- Tax assessed value: $258,796
- Annual tax amount: $2,119
- Date on market: 3/12/2026
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Price change | $699,900-1.4%$257/sqft |
Source: | ||
| 4/6/2026 | Price change | $709,900-3.4%$260/sqft |
Source: | ||
| 3/12/2026 | Listed for sale | $734,900+389.9%$269/sqft |
Source: | ||
| 6/11/2025 | Sold | $150,000$55/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,119 -3.7% | $144,524 +3% |
| 2024 | $2,201 +63.8% | $140,315 +65% |
| 2023 | $1,343 +2.8% | $85,062 +3% |
| 2022 | $1,307 +2.7% | $82,585 +3% |
| 2021 | $1,273 | $80,180 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 97023
Nearby schools
GreatSchools rating
- 5/10Clackamas River Elementary SchoolGrades: K-5Distance: 0.7 mi
- 3/10Estacada Junior High SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Estacada High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Clackamas River
- Middle: Estacada
- High: Estacada
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Clackamas County
- Estacada
- 97023
- 1041 SE Olive Way






