Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3 Beds
2 Baths
2,300 sqft

$998,500

4340 STATE HIGHWAY 38, Drain OR, 97435

Price per sqft$434.13
Built in1948
Property size2,300 sqft
Property typeResidential
Listing Courtesy of Land and Wildlife LLC, Timothy O'Neil. 541-480-3682

Overview

Active

Listed Jul 24, 2025

Updated 3 weeks ago

Owner Will Carry: Golden opportunity here for all buyers. Our Seller has offered to carry the note on this beautiful property. Terms would be $300,000 down payment, Amortized over 30 years, with a balloon payment at the end of 5 years with an interest rate of 5% - 26+/- acre estate with a 2300 sq ft, 3-bedroom, 2-bathroom home offering panoramic views and abundant wildlife including elk, deer, and bear. Features 0.50 miles of Elk Creek frontage with excellent trout and steelhead fishing, a leveled hay field, and robust infrastructure. Includes a gated, half-mile private drive, well, septic system, a 60x20 ft two-story equipment barn, a 40x60 ft two-story horse barn with eight stalls and a tack room, a recreational space, and a guest room with private bath. Landscape boasts mature cedar trees. Conveniently located near Highway 38, 40 minutes from coastal towns, and in the North Douglas High School District.

$6,643/mo

Est. mortgage payment based on a $998,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
534897888

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Basement
No

Exterior Features

Lot Size
26 Acres

Other Property Details

Taxes
$2,617
Tax Frequency
Annually
Garage
Yes
View
Yes
Waterfront
Yes
55+/Senior Community
No
MLS provider logo

Listing Courtesy of Land and Wildlife LLC, Timothy O'Neil. 541-480-3682

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Destined Realty Group are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 9/12/2026, 3:42 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

Listing content is copyright © 2026 RMLS™, Portland, Oregon. All rights reserved.

 

Powered by Luxury Presence