97221 Real Estate Search

97221 Homes between $4,000,000 and $5,000,000 for Sale

The 97221 area boasts an impressive selection of luxurious homes, offering an exceptional living experience amidst the scenic beauty of the Pacific Northwest. With a variety of architectural styles and stunning designs, these properties are situated in desirable neighborhoods that provide both privacy and access to community amenities. Homebuyers can discover spacious layouts featuring high-end finishes, expansive outdoor spaces, and breathtaking views, making these homes ideal for entertaining and relaxation. The local real estate market also benefits from excellent schools, parks, and recreational facilities, ensuring an unparalleled lifestyle for families and individuals alike. As the demand for upscale properties in this sought-after area continues to grow, it presents a unique opportunity for discerning buyers seeking their dream home.

Our website features the best real estate search for homes between $4,000,000 and $5,000,000 available in 97221 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. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

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Newest 97221 Homes between $4,000,000 and $5,000,000 for Sale

$4,310,000
3 Beds ⋅ 3 Baths ⋅ 213152639 MLS
Revived over two years by Green Gables and a detail-driven homeowner with an uncanny eye for form, flow, and finish—the home elevates mid-century architecture to meet the rhythm of modern life. Designed by renowned architect Roscoe Hemenway and tucked into Portland’s West Hills, the home unfolds in clean lines, warm materials, effortless one level living and wide-open views to the south. Inside and out move in sync, offering a quiet kind of luxury-for those who live artfully and expect their spaces to do the same. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10249097]

4310 SW WARRENS WAY, Portland
$4,500,000
6 Beds ⋅ 7 Baths ⋅ 127297969 MLS
Set on an incredibly rare eight private acres in Portland’s prestigious Southwest Hills, the historic Merlo Estate offers a once-in-a-generation opportunity to experience timeless Pacific Northwest elegance in a breathtaking vineyard setting designed for unforgettable entertaining. Built in 1939, this stately residence was home to influential Portlanders whose business, civic, and philanthropic legacies helped shape the city.Set behind a gated entrance in unincorporated Multnomah County, the estate blends classic architectural character with the natural beauty of the surrounding landscape. Expansive grounds showcase sweeping vineyard views, including three acres of private vineyards, along with resort-style amenities such as a saltwater pool with adjacent hot tub and fully equipped outdoor kitchen, a lighted tennis court, and bocce ball court, perfect for gatherings large and small.The home’s architecture reflects a refined yet grounded aesthetic, with a stucco exterior, copper accents, painted shutters, and a striking arched entryway. Inside, warmth and craftsmanship define the spaces, featuring custom millwork designed specifically for the Merlo family, generous room sizes, and abundant natural light.Large formal living and dining spaces capture incredible views of the pool and vineyards, creating an elegant setting for entertaining. Just off the kitchen, a spacious sitting room with floor-to-ceiling windows brings the outdoors in and offers a bright, inviting place to gather.Designed for both everyday living and entertaining, the main floor living room opens seamlessly to an expansive patio, offering stunning views, an idyllic backdrop for hosting and relaxation alike. The primary suite is a true retreat, complete with a fireplace and dual bathrooms, offering both comfort and privacy.The lower level enhances the home’s resort-like feel with a sauna, hot tub and wine storage while a 3 car attached garage and 1070 sq ft outbuilding offer flexibility for events

2732 SW Scholls Ferry RD, Portland
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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.