97038 Real Estate Search

97038 Homes between $1,500,000 and $2,000,000 for Sale

The real estate market around the 97038 area is vibrant and diverse, offering an array of stunning homes that cater to various tastes and preferences. Buyers can explore properties that boast luxurious amenities, expansive living spaces, and breathtaking views. The homes in this price range are often characterized by their high-quality finishes, modern designs, and excellent locations, providing residents with an ideal blend of comfort and convenience. Additionally, the surrounding community offers a variety of recreational opportunities, top-rated schools, and convenient access to shopping and dining options, making it an attractive destination for families and professionals alike. With such a competitive market, interested buyers are encouraged to act quickly to secure their dream home in this desirable area.

Our website features the best real estate search for homes between $1,500,000 and $2,000,000 available in 97038 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 97038 Homes between $1,500,000 and $2,000,000 for Sale

33998 S Ball RD, Molalla
$1,500,000
4 Beds ⋅ 4 Baths ⋅ 115661590 MLS
Exceptional Molalla property offering a rare combination of privacy, beauty, and versatility. The main residence sits on 6.05 acres, accompanied by an additional 2.91-acre lot for a total of 8.96 acres. Master Bathroom currently being remodeled. Currently operated as a successful event venue, the property features picturesque grounds, a pond, outbuilding with 250-amp and two 50-amp hookups and an approved opportunity for a 600 SF home. A truly unique offering with endless possibilities for a private estate, recreational retreat, or event property.

33998 S Ball RD, Molalla
34186 S SAWTELL RD, Molalla
$1,500,000
3 Beds ⋅ 2 Baths ⋅ 201784978 MLS
Rare opportunity to own nearly 20 acres of usable, fenced and cross-fenced property with a legal second dwelling, extensive equestrian facilities, and exceptional outbuildings less than 3 miles from downtown Molalla. This versatile property features a classic 1963 traditional home offering 2,274 square feet with 3 bedrooms, 2.1 baths, and a spacious main-level primary suite. Equestrian and agricultural improvements include a 50' x 120' enclosed riding arena, approx. 30' x 48' six-stall barn with tack room, 30' x 60' livestock barn, and massive 40' x 100' shop offering abundant space for equipment, vehicles, hobbies and storage. Additional potting and loafing sheds provide even more utility. See RMLS supplements for additional details.The main house has a comfortable layout, with a main-level primary suite, complete with a sitting area, walk-in closet, and doors to a side-deck. The home features vinyl windows, a new roof in 2024, stainless appliances as well as built-in double-ovens in the kitchen. A significant bonus is the county-recognized legal second dwelling (not a hardship dwelling)—a 1997 manufactured home with 924 square feet, creating exceptional flexibility for multigenerational living, a family compound, guests, rental or caretaker housing. Buyer to perform due diligence regarding intended use.The acreage is predominantly level with gentle rolling terrain, providing easy access throughout the property. A spring-fed pond and Teasel Creek along the far edge enhance both the beauty and utility of the land. With broad frontage on Sawtell Road, the property's configuration offers excellent accessibility to the residence, outbuildings, and pastures. Whether you're looking for an equestrian property, hobby farm, multigenerational living, or simply room to spread out, this unique acreage offers an exceptional combination of improvements, functionality, and flexibility.

34186 S SAWTELL RD, Molalla
S Ellis RD, Molalla
$1,699,000
316275090 MLS
Spanning 248 acres just minutes from the town of Molalla, this exceptional property offers a rare combination of privacy, natural beauty, and long-term potential. With frontage near the Molalla River and gently rolling terrain, the land features expansive territorial views and a highly usable landscape. The property exceeds the 160-acre threshold required for a Large Tract Dwelling, creating a unique opportunity to build a primary residence in a serene, forested setting. Whether you're looking to create a private retreat, establish a legacy property, or capitalize on long-term timber investment potential, this property offers versatility and value. The property currently consists of two legal lots.

S Ellis RD, Molalla
38252 S BLAIR RD, Molalla
$1,999,999
3 Beds ⋅ 3 Baths ⋅ 763830505 MLS
Perched on a 74-acre hilltop, this property offers panoramic views of Mt. Hood, Mt. Adams, Mt. Rainier, and Mt. St. Helens, along with sweeping valley and distant city views. The elevated setting provides stunning sunrises to the east and sunsets to the west.The 3,000 sq ft home features 3 bedrooms and 3.5 bathrooms with custom finishes throughout. Each bedroom includes its own bathroom and closet, while the primary suite offers dual closets and a large walk-in shower. The living room showcases vaulted ceilings, an exposed beam, a floor-to-ceiling wall of windows, and a stone fireplace with pellet stove insert designed to capture the surrounding views.The kitchen includes concrete quartz countertops, large island, 4-gas burner with griddle Wolfe range with dual ovens, oversized built-in Frigidaire refrigerator, and walk-in pantry.Outdoor amenities include landscaped grounds, irrigation for the yard, hot tub, fire pit area, and an outdoor kitchen with sink, built-in Traeger, and barbecue.The land includes approximately 41 acres of five-year-old reprod backing to public land, offering potential for future timber growth and a natural setting where wildlife is commonly seen.The reprod acreage backs to public land, offering added privacy and opportunities for horseback riding and recreation in the surrounding area. The property also includes three pastures with approximately 33 acres fenced, with the largest pasture currently used for seasonal hay production. The property functions well for horses, cattle, and equestrian use.Improvements include a barn, covered riding arena, dog kennel, RV and boat storage, and large shop with vehicle lift. Property served by private well and septic system. Located approximately 25 minutes from I-5.Secondary dwelling on property has been decommissioned with the county for storage use only. Listing agent related to sellers.

38252 S BLAIR RD, Molalla
15047 S MACKSBURG RD, Molalla
$1,599,000
6 Beds ⋅ 4 Baths ⋅ 674143945 MLS
Welcome to this extraordinary estate nestled on 14.67 acres of pristine riverfront property in the picturesque countryside of Molalla, Oregon. This stunning 6-bedroom, 4 full bath, and 2 half bath residence offers the perfect blend of refined luxury, privacy, and natural beauty creating an unparalleled living experience. Inside you will be greeted by expansive windows and timeless finishes that highlight the home’s grand scale and thoughtful design. The spacious chef’s kitchen and dining area are perfect for entertaining, while multiple living spaces provide comfort and versatility for any lifestyle. The primary suite is a serene retreat featuring spa-like amenities, generous closet space, and tranquil views of the surrounding landscape. Each of the remaining bedrooms is generously sized, offering flexibility for family, guests, or home office needs. Five of the bedrooms have their own private bathroom and large closets. The oversized 3-car garage delivers ample space for vehicles, equipment, or recreational gear. Outdoors, enjoy the peace and serenity of private river frontage, mature trees, and open meadows ideal for hiking, kayaking, gardening, or simply soaking in the views. Whether you're enjoying morning coffee on the patio, hosting a summer gathering, or exploring the natural surroundings, this property offers a lifestyle few can match. Located just minutes from Molalla’s shops, schools, and amenities, yet offering the tranquility of a private rural retreat this is more than a home; it’s a legacy estate. Don't miss the opportunity to own this home, properties like this are few and far between.

15047 S MACKSBURG RD, Molalla
S Fork Molalla RD, Molalla
$1,729,000
22005586 MLS
Own a mature forested property with river frontage and a private swimming hole! The property is located adjacent to the Table Rock Wilderness Area. This 106+/- acres is accessible via South Fork Molalla Rd. and is bisected by the middle fork of the Molalla River. This could be the ideal property if you are looking for remote acreage surrounded by public land.

S Fork Molalla RD, Molalla
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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.

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