$48,560,000
0 NE Hwy 97
Madras, OR 97741 · N/A
- Beds
- 4
- Baths
- 2.5
- Sq ft
- 4,652
- Acres
- 49938.4
- Built
- 1921
- $/SF
- $10439
MLS# 220198205 · Active
About this home
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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Price history
Cut $3.69M| Date | Event | Price |
|---|---|---|
| Apr 27, 2026 | Price cut−$3,690,000 (7.1%) | $48,560,000 |
| Mar 26, 2025 | Listed for sale | $52,250,000 |
From the MLS: original list price and latest price change. 559 days on market.
Drive times
~75 min to downtown Bend- Smith Rock State Park~42 min · 29.7 mi
- Redmond Airport (RDM)~53 min · 39.9 mi
- Sisters~61 min · 46.2 mi
- St. Charles Bend~73 min · 57.2 mi
- Downtown Bend~75 min · 58.9 mi
- Old Mill District~76 min · 60 mi
- Mt. Bachelor~93 min · 74.6 mi
- Sunriver Village~95 min · 76.7 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
Facts & features
Built 1921- Year built
- 1921
- Stories
- 2
- Lot
- 49938.4 AC · 2,175,316,704 SF
- Price / SF
- $10,439
- HOA
- None reported
- Taxes
- $65,155/yr
- Subdivision
- N/A
- County
- Jefferson
- Days on market
- 559
- MLS #
- 220198205
- Flooring
- Hardwood
- Heating
- Propane
- Cooling
- Other
- Fireplace
- Great Room
- Parking
- Driveway · Gravel
- View
- Lake · Mountain(s) · Pond · River · Ridge
- Lot
- Adjoins Public Lands · Fenced · Landscaped · Pasture · Sloped · Water Feature
- Construction
- Frame
- Roof
- Shake
Location & schools
N/A44.6971° N · 121.1056° W
Directions- Elementary
- Madras Elementary
- Middle
- Jefferson County Middle
- High
- Madras High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
Monthly payment
$269,185/mo$269,185/mo
$38,848,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $245,546
- Property tax (listing)
- $5,430
- Home insurance (est.)
- $18,210
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 1:01 PM.
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