4340 STATE HIGHWAY 38
Drain, OR 97435

3 Beds 2 Full Bath 2300 sq ft 405 Days on Market

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.

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Principal and Interest
Property Taxes 218
HOA Fees 0
Homeowners Insurance 499
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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.

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Property Last Updated: October 08, 2026 11:15 PM - PT