97028 Real Estate Search

97028 Homes between $4,000,000 and $5,000,000 for Sale

Real estate in the 97028 area offers a selection of luxurious homes that cater to discerning buyers seeking upscale living. Nestled amidst picturesque landscapes and vibrant communities, these properties often boast modern architectural designs, premium finishes, and expansive outdoor spaces perfect for entertaining. Homebuyers can find features such as gourmet kitchens, spacious living areas, and resort-style amenities that enhance the overall lifestyle. The proximity to abundant recreational opportunities, top-tier schools, and local amenities further enriches the appeal of these prestigious homes, making the 97028 area a desirable destination for those looking to invest in high-end real estate.

Our website features the best real estate search for homes between $4,000,000 and $5,000,000 available in 97028 and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest 97028 Homes between $4,000,000 and $5,000,000 for Sale

$5,000,000
14 Beds 12 Baths 392032753 MLS
An exceptional opportunity to own one of Mt. Hood's premier mountain retreat properties. Set on two contiguous parcels totaling 11.8 private, wooded acres, this remarkable offering includes two authentic ski lodges, each approximately 7,000 square feet, creating an unmatched destination for luxury vacation rentals, corporate retreats, family reunions, wellness retreats, or a private mountain estate.The 8-bedroom and 6-bedroom lodges capture the timeless character of a true alpine retreat with soaring timber beams, river rock fireplaces, expansive gathering spaces, and private hot tubs surrounded by towering pines and fresh mountain air. Extensively improved since 2021, the property features a new roof, exterior painting and sealing, remodeled kitchen, HVAC upgrades, septic and water system improvements, fire safety upgrades, interior renovations, and more, creating a turnkey investment.Currently professionally managed by Meredith Lodging, the property generates approximately $300,000 in annual gross rental revenue, with financial records available upon request. Furnishings may be included with an acceptable offer.Located just minutes from Timberline Lodge and Mt. Hood Meadows, owners and guests enjoy immediate access to skiing, snowboarding, hiking, mountain biking, fishing, and year-round recreation. Home to North America's longest ski season, Mt. Hood attracts visitors from around the world seeking an unforgettable mountain experience.The combined 11.8 acres include a 1.4-acre parcel and a 10.4-acre parcel with zoning offering future subdivision potential for up to four additional parcels and homesites on each parcel, subject to county approval. Just 45 minutes from Hood River, guests can enjoy first tracks in the morning, relax by the fire or in the hot tub at day's end, and experience the best of Mt. Hood from this extraordinary legacy property.

93732 E Highway 26, Government Camp

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.