4340 STATE HIGHWAY 38
Drain, OR 97435
$998,500
Listing Courtesy of: Land and Wildlife LLC
Listing Agent: Timothy L O'Neil
541-480-3682
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.
| Listing Id: | 534897888 |
|---|---|
| List Price: | $998,500 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Active |
| Bank Owned Yn: | No |
| Bedrooms Total: | 3 |
| Bathrooms Full: | 2 |
| Building Area Total: | 2,300 |
| Tax Annual Amount: | $2,617 |
| Lot Size Square Feet: | 1,132,560.0 |
| Lot Size Acres: | 26.0 |
| Architectural Style: | Stories1 and Ranch |
| Waterfront?: | Yes |
| City: | Drain |
| County Or Parish: | Douglas |
| Postal Code: | 97435 |
| Year Built: | 1948 |
| Basement: | False |
| Bathrooms Full Lower Level: | 2 |
| Bathrooms Total Integer: | 2 |
| Bathrooms Total Lower Level: | 2.0 |
| Baths Total: | 2.0 |
| Building Area Calculated: | 2,300 |
| Building Area Description: | seller |
| Country: | US |
| Directions: | Jack Creek Rd |
| Disclosures: | Disclosure |
| Elementary School: | North Douglas |
| Exterior Description: | Other |
| Fireplace Features: | Wood Burning |
| Fireplace?: | Yes |
| Fireplaces Total: | 2 |
| Fuel Description: | Other and Wood Burning |
| Garage Spaces: | 2.0 |
| Garage Type: | Detached |
| Heating: | Other |
| High School: | North Douglas |
| Hot Sheet Date: | 2026-09-11 |
| Listing Contract Date: | 2025-07-24 |
| Listing Service: | Full Service |
| Listing Terms: | Cash and Conventional |
| Lot Size Range: | Acres5to7 |
| MLS Area Major: | _265 |
| Main Level Area Total: | 2,300 |
| Middle Or Junior School: | North Douglas |
| Off Market Date: | 2026-09-02 |
| Offer Instructions: | Call Sellers Agent |
| Original List Price: | $1,446,000 |
| Parcel Number: | R36855 |
| Parking Features: | Covered and Other |
| Parking Total: | 2 |
| Price Type: | List Price |
| Property Condition: | Resale |
| Purchase Contract Date: | 2026-09-02 |
| Road Surface Type: | Paved |
| Roof: | Composition |
| Room10 Description: | FamilyRoom |
| Room11 Description: | Kitchen |
| Room12 Description: | LivingRoom |
| Room13 Description: | PrimaryBedroom |
| Room13 Level: | Lower |
| Room7 Description: | _2ndBedroom |
| Room8 Description: | _3rdBedroom |
| Room9 Description: | DiningRoom |
| Sewer: | Septic Tank |
| Status: | Active |
| State Or Province: | OR |
| Stories: | 1 |
| Tax Legal Description: | TRACT M&B V142 P47 (IN FIRE) SEE R36847 FOR BAL TL, ACRES 5.00 |
| Tax Year: | 2024 |
| View Description: | Creek Stream and Territorial |
| View?: | Yes |
| Water Body Name: | Elk Creek |
| Water Source: | Well |
| Waterfront Features: | Creek |
| Zoning: | EFU |
| Room14 Description: | GreatRoom |
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This content last updated on October 08, 2026 11:15 PM - PT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information is believed accurate but not guaranteed.
Property Last Updated: October 08, 2026 11:15 PM - PT
































