Tucked into a serene, forested setting above the Clackamas River, this exceptional property offers a rare combination of natural beauty, and expansive territorial views. Designed to take full advantage of its surroundings, the home is filled with natural light. The main area is open, spacious, and welcoming, perfect for both everyday living and effortless entertainment. It flows seamlessly into a well-appointed kitchen and a generous dining room, creating a natural gathering space for hosting friends and family while taking in the surrounding views. Step outside or simply settle in with your morning coffee as soft fog rolls through the trees and across the river valley, an experience that feels both peaceful and grounding. Inside, the home offers four bedrooms along with a beautifully designed laundry space that balances function and style. The primary suite provides a quiet retreat, complete with a spa-inspired bathroom and a large dressing room-style closet that’s sure to be a standout! With its combination of thoughtful design, open living, and stunning natural surroundings, this home delivers a lifestyle that feels both connected to nature and comfortably refined. Seller is a licensed Oregon Real Estate broker.
Sold
$705,000
1047 SE Olive Way, Estacada, OR 97023
4beds
2,716sqft
Residential, Single Family Residence
Built in 2026
-- sqft lot
$705,400 Zestimate®
$260/sqft
$3,968 Estimated rent
Home value
$705,400
$670,000 - $741,000
$3,968/mo
Zestimate® history
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$4,336/mo
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List your homeWhat's special
Open livingThoughtful designSpa-inspired bathroomSurrounding viewsExpansive territorial viewsGenerous dining roomStunning natural surroundings
Zillow last checked:
Listing updated:
Listed by:
Danielle Little 503-504-3109,
Greentown Real Estate,
Jillian Gregg 971-322-9212,
Greentown Real Estate
Bought with:
Landon Davis, 201257294
The Baker Agency
Source: RMLS (OR),MLS#: 520288288
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 240
- Dimensions: 16 x 15
Bedroom 2
- Level: Upper
- Area: 132
- Dimensions: 11 x 12
Bedroom 3
- Level: Upper
- Area: 143
- Dimensions: 11 x 13
Bedroom 4
- Level: Upper
- Area: 132
- Dimensions: 11 x 12
Dining room
- Level: Main
- Area: 165
- Dimensions: 15 x 11
Kitchen
- Level: Main
- Area: 198
- Width: 18
Living room
- Level: Main
- Area: 324
- Dimensions: 18 x 18
Heating
- Forced Air 95 Plus
Cooling
- Air Conditioning Ready
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Gas Appliances, Microwave, Electric Water Heater
- Laundry: Laundry Room
Features
- Kitchen Island, Pantry, Quartz, Tile
- Flooring: Tile, Wall to Wall Carpet
- Windows: Double Pane Windows
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Propane
Interior area
- Total structure area: 2,716
- Total interior livable area: 2,716 sqft
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
- Levels: Two
- Stories: 2
- Patio & porch: Covered Deck
- Exterior features: Yard
- Fencing: Fenced
- Has view: Yes
- View description: Territorial, Trees/Woods
Lot
- Features: Sloped, Trees, Wooded, Sprinkler, SqFt 10000 to 14999
Details
- Parcel number: 05036401
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 & neighborhood
Location
- Region: Estacada
- Subdivision: Thomas Heights
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $103 monthly
Other
Other facts
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Sold | $705,000+0.7%$260/sqft |
Source:  RMLS (OR) #520288288 Report a problem | ||
| 5/8/2026 | Pending sale | $699,900$258/sqft |
Source: RMLS (OR) #520288288 Report a problem | ||
| 4/7/2026 | Listed for sale | $699,900+366.6%$258/sqft |
Source: RMLS (OR) #520288288 Report a problem | ||
| 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% | $144,513 +3% |
| 2024 | $2,201 +63.8% | $140,304 +64.9% |
| 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
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.
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Estimated market value
$705,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$705,400
- Oregon
- Clackamas County
- Estacada
- 97023
- 1047 SE Olive Way
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