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    5133 SW Elbe Dr Madras, OR 97741

    For Sale
    $1,150,000

    Farm, Traditional - Madras, OR

    Type:Farm
    Property size:
    2,391 SF
    Lot size:
    139.13 Acres
    Days on Market:
    318
    Last Refresh:
    Dec 7 at 1:06 pm

    Property Features for 5133 SW Elbe Dr

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bonus Room, Dining Room, Kitchen, Laundry
    Bedrooms
    3
    Bathrooms
    2
    APN
    2650
    Parking features
    RV
    Interior features
    Breakfast Bar, Fiberglass Stall Shower, Granite Counters, Pantry, Shower/Tub Combo
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    2,391 SF
    Lot size
    139.13 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating), Pellet Stove (Heating)
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    1947
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    New Traditional

    Keller Williams Realty Central Oregon (541) 585-3760 [email protected]

    Listing agent Corey R Graves (541) 585-3760 License #201207694

    Listing date Jan 24, 2025

    MLS# 220194972 Listing URL

    Copyright © 2025 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Productive Farm with Water Rights

    This 140-acre property in Central Oregon features 131 acres of Deschutes River water rights, making it a productive irrigated farm. The property offers views of the Cascade Mountains. The split-level residence includes a master suite upstairs and a kitchen with granite countertops. Equestrian amenities include a 24104 square foot barn equipped with stalls, hay storage, and a tack room. Additional outdoor features include a shop space suitable for indoor RV parking and a detached garage with a workbench. The property is located in Madras, Oregon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.210872
    Latitude
    44.558814

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    FAQs

    What type of property is this?
    Farm - 140-acre farm with water rights, mountain views, and equestrian facilities.
    Where is this farm located?
    The property is located at 5133 SW Elbe Dr Madras, OR.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - 140-acre property with 131 acres of Deschutes River water rights, ideal for productive irrigated farming.; - Equipped equestrian facilities: **24104 sqft barn with stalls, hay storage, and tack room.**; - **Cascade Mountain views** from a thoughtfully designed split-level residence.
    (541) 585-3760
    Request Owner's contact information
    5133 SW Elbe Dr Madras, OR 97741
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5133 SW Elbe Dr Madras, OR 97741
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