Homepage / Portland News
E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters
Related To Story

Top Five Most Expensive Homes In Oregon

POSTED: 9:10 am PDT March 26, 2008
UPDATED: 2:55 pm PDT March 26, 2008

There are foreclosures around the country, but some Oregon homes up for sale have price tags more like Beverly Hills than Portland.

FOX 12 checked real estate data to find the top five most expensive houses in the state.

Watch FOX 12 Report | Slideshow

A coastal home in Gold Beach came in with the highest price tag of all at $16.5 million.

The Villa Teresa in Lake Oswego will cost buyers $7.5 million. And its guest house is No. 3 on the list for almost as much -- $6.3 million.

But the bargain on the list is No.4 -- Paradise Hill, an estate in Turner. The 22,000-square-foot home near Salem is up for sale at $5.9 million.

The house has an indoor pool with a retractable roof, a two-lane bowling alley and a shower with gold-plated fixtures. The bedroom features automatic drapes and a 6-foot TV screen. There are also $25,000 crystal chandeliers in the hallway closets.

The real estate agent said it’s a bargain because the latest owner lost it to the bank in foreclosure.

A big income is required not just for the house, but the $30,000 per month mortgage and the $10,000 per month maintenance cost.

Realtor Pat Jay insists there will be a buyer.

“There’s a lot of people in Oregon who could buy it and I’ve talked to a lot of them,” he said.

The last house in the top five, a 10,000-square-foot home on the Willamette River, is still in progress and up for sale at $5.9 million.

It has room for a small basketball court in case a Portland Trail Blazer wanted to buy it. The massive master suite features a gym, a hobby room, three fireplaces and a walk-in closet.

While many Oregonians said they lean more toward the practical purchase, Realtor Mary Jo Avery said buying big can be practical for those who can afford it.

“People are spending more on their real estate. It’s solid, it’s there in the morning,” Avery said. “Why not buy something like this now and share it with your family and have years of enjoyment and happiness?”

Sponsored Links

Links We Like
Sponsored Content
Find out which triggers are under your control. The answers could prevent migraines, and keep you off the sidelines. More

Now more than ever, job security is priority number one with most job seekers. Here are 10 jobs with great job security that employers are actually struggling to fill. More

Diabetics are now finding new ways to connect better. Get your supplies consultation and join the largest diabetes community! More

Do you want the look of a quality paint job without the hassle of having to redo it over and over? Spray on siding could be the answer. More

Your News On FOX 12

Have a news tip? Capture breaking news on camera? FOX 12 wants to hear from you. Click here for details.

Health Topics & Information

10 expert tips to promote a healthier heart. Learn why the “full-fat” version of food is often better than the “low-fat” version. More