1201 NW Highway 26, Madras, OR 97741

New Listing
$1,000,000
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,514 Lot Size (sq. ft.): 6,924,298 Status: Active
Current Price: $1,000,000 List Date: 9/17/2026 Last Modified: 9/21/2026

Overview

Description

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!

Listing Details MLS# 220228797

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
Yes
Bathrooms Full
Yes
Garage YN
Yes
Garage Spaces
2
Total Living Area SqFt
1514
Main House SqFt
1514
SqFt Source
Assessor
Year Built
1958
Accessory Dwelling Unit YN
No
Rented YN
No
Short Term Rental Permit YN
No
New Construction YN
No
Elementary School
Madras Elementary
Middle Or Junior School
Jefferson County Middle
High School
Madras High
Zoning
A-1 EFU
Tax Annual Amount
2169.72
Tax Year
2025
Potential Tax Liability YN
Yes
Assessment YN
Yes
Irrigation Water Rights YN
Yes
Irrigation Water Rights Acres
76.1
Irrigation District
North Unit
CC&R's YN
No
Association YN
No
Senior Community YN
No
Horse Property YN
Yes
Preferred Escrow Company & Officer
Amerititle - Madras
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Appliances: Dryer; Oven; Range; Refrigerator; Washer; Water Heater Architectural Style: Ranch Basement: None Common Walls: No Common Walls Construction Materials: Frame Cooling: None Fireplace Features: Wood Burning Flooring: Simulated Wood; Vinyl Foundation Details: Brick/Mortar Heating: Forced Air; Propane; Wood Interior Features: Pantry; Shower/Tub Combo; Soaking Tub; Solid Surface Counters; Walk-In Closet(s) Levels: One Roof: Composition Rooms: Kitchen; Laundry; Primary Bedroom; Sunroom Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Window Features: Double Pane Windows; Vinyl Frames; Wood Frames Easements: Access; Irrigation; Utilities Flood: Unknown Irrigation Source: District Lot Features: Fenced; Garden; Landscaped; Native Plants Other Structures: Shed(s); Storage; Workshop Parking Features: Attached Carport; Driveway; Gravel; Storage Road Frontage Type: Easement; Private Access Road Surface Type: Gravel; Paved View: Cascade Mountains; Mountain(s); Panoramic; Territorial; Valley Utilities: Cable Available; Electricity Connected; Phone Connected; Propane Power Production: None Sewer: Septic Tank Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Auction; Standard

Location Tax and Legal

Street Number
1201
Street Name
NW Highway 26
County
Jefferson
State
OR
Postal Code
97741
Subdivision Name
N/A

Contract Information

Original List Price
1000000
List Price per SqFt
660.5
Listing Contract Date
2026-09-17

Remarks and Miscellaneous

Public Remarks
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!
Directions
From Madras, head North on US-26 (NW Hwy 26). Turn right (East) onto NE Daisy St; property access and listing are located immediately near intersection of US-26 and NE Daisy St.

Status Change Information

Status Change Timestamp
2026-09-17

More Information

Listing Office: Harcourts The Garner Group Real Estate
Last Updated: September - 21 - 2026
Information deemed reliable but not guaranteed.