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4340 State Highway 38, Drain, OR 97435

$1,198,000

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Property Description

PRICED REDUCED - 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.

4340 State Highway 38 | MLS# 534897888

This single family home located at 4340 State Highway 38, Drain, OR 97435 is currently listed for sale with an asking price of $1,198,000. This property was built in 1948 and has 3 bedrooms and 2 full baths with 2300 sq. ft. Search Drain real estate on jedpeters.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Fireplaces: 2
Fuel Type: Other, Wood Burning
Garage: 2
Heating: Other
Home Style: 1 Story, Ranch
Lot Size: 26.00 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $2,617
Year Built: 1948
Square Feet: 2,300

Feature Descriptions

Bathroom: 2.0 (Lower)
Body of Water: Elk Creek
Days on Site: 268
Exterior: Other
Fireplace: Wood Burning
Parking Notes: Detached, Covered, Other
Sewer: Septic Tank
Special View Info: Creek/Stream, Territorial
Square Footage: 2300 (Main)
Water: Well
Waterfront: Creek

Local Schools

High School: North Douglas
Middle School: North Douglas
Elementary School: North Douglas

Listed By / Shown By

Listed By

Agency Name: Land and Wildlife LLC
Agency Phone: 866-559-3478

Shown By

Agent Name: Jed Peters, Broker
Agent Phone: (512) 897-5704
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 6,625.24 per month $6,057.74 Principal & Interest $218.08 Property Tax $349.42 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 12:46:48 AM EST) or RMLS (last updated Fri 04/17/2026 2:17:06 PM EST) or COAR/MLSCO (last updated Sat 04/18/2026 12:41:23 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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