Live Auction! Bidding to start from $1,000,000. Rare 158-Acre Central Oregon Parcel with Water Rights, Shop & Mountain Views! A stunning, unique property in Madras, offering incredible potential for hobby farmers, ranch buyers, and smart investors alike. This listing features an updated 3bd, 1ba farmhouse set against sweeping Cascade Mountain and valley views, complete with warm interior touches and a cozy wood stove. For the agricultural buyer, this fully usable acreage comes ready to go with approximately 76 acres of valuable irrigation water rights, a center pivot, buried mainline, cross-fenced pastures, a large workshop, and livestock shelters. Whether you plan to raise livestock, grow crops, or keep horses, all the infrastructure is in place to build your dream farm. Snug between both US26 & US97 with RR through the property, bordering UGB, Enterprise Zone, this is one you don't want to miss!
Active
Est. $1,000,000
1201 NW Highway 26, Madras, OR 97741
3beds
1baths
1,514sqft
Single Family Residence
Built in 1958
158.96 Acres Lot
$675,100 Zestimate®
$661/sqft
$-- HOA
What's special
Large workshopCross-fenced pasturesFully usable acreageLivestock sheltersCozy wood stoveWarm interior touchesBuried mainline
- 21 days
- 183
- 5
Zillow last checked:
Listing updated:
Listed by:
Harcourts The Garner Group Real Estate 541-527-8550
Source: Oregon Datashare,MLS#: 220228797
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
Heating
- Forced Air, Propane, Wood
Cooling
- None
Appliances
- Included: Dryer, Oven, Range, Refrigerator, Washer, Water Heater
Features
- Pantry, Shower/Tub Combo, Soaking Tub, Solid Surface Counters, Walk-In Closet(s)
- Flooring: Simulated Wood, Vinyl
- Windows: Double Pane Windows, Vinyl Frames, Wood Frames
- Basement: None
- Has fireplace: Yes
- Fireplace features: Wood Burning
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,514
- Total interior livable area: 1,514 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Carport, Driveway, Gravel, Storage
- Garage spaces: 2
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s), Panoramic, Territorial, Valley
Lot
- Size: 158.96 Acres
- Features: Garden, Landscaped, Native Plants
Details
- Additional structures: Shed(s), Storage, Workshop
- Parcel number: 10919
- Zoning description: A-1 EFU
- Special conditions: Auction,Standard
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Brick/Mortar
- Roof: Composition
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Madras
Financial & listing details
- Price per square foot: $661/sqft
- Annual tax amount: $2,169
- Date on market: 9/17/2026
- Cumulative days on market: 21 days
- Listing terms: Cash,Conventional
- Exclusions: Metal Kitchen Cabinets. Seller prefers to take metal kitchen cabinets at closing, seller credit negotiable at closing.
- Has irrigation water rights: Yes
- Road surface type: Gravel, Paved
Estimated market value
$675,100
$473,000 - $905,000
$2,041/mo
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: 97741
Nearby schools
Schools provided by the listing agent
- Elementary: Madras Elementary
- Middle: Jefferson County Middle
- High: Madras High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
