Multnomah County, OR Real Estate Search

Multnomah County, OR Homes between $4,000,000 and $5,000,000 for Sale

Multnomah County, Oregon, offers a luxurious selection of homes for discerning buyers seeking high-end properties. Nestled in the picturesque Pacific Northwest, these exquisite residences often feature stunning architectural designs, expansive floor plans, and breathtaking views of the surrounding landscapes, including the Columbia River and the iconic Mount Hood. The real estate market within this price range showcases magnificent estates with gourmet kitchens, private outdoor spaces, and high-end finishes that reflect both elegance and comfort. Residents in this vibrant area enjoy an array of amenities, from world-class dining and shopping to abundant recreational opportunities, making Multnomah County a sought-after location for luxury living.

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Newest Multnomah County, OR Homes between $4,000,000 and $5,000,000 for Sale

$4,500,000
3 Beds ⋅ 3 Baths ⋅ 342563644 MLS
Skyview is a modern masterpiece. A tranquil, light-filled urban oasis. A four-story luxury home with a commercial-grade elevator, retractable glass walls, and panoramic views. Appointed on a sunny corner lot, in an ideal neighborhood and community, Skyview lives beautifully! An architectural unicorn designed by award-winning William / Kaven Architecture. Built for serenity, longevity and joyful living, no expense was spared in sumptuous upgrades or thoughtful details. Elegantly camouflaged in lush greenery, the white-glazed terra-cotta, concrete and steel building artfully blends into the neighborhood. Across from beloved Wallace Park in the most wonderful, walkable Alphabet District. Vibrant NW 23rd Avenue cafes, boutiques and restaurants are ideally distanced, just two blocks away. Thriving Slabtown and New Seasons Market, only a few blocks farther. Forest Park, a large urban forest reserve nearby, offers countless hiking trails, and is a majestic green backdrop to Skyview’s amazing sunsets. An ideal alternative to penthouse living without an HOA (or shared parking and elevators). Two-car garage and deep private driveway make life easy. Separate access to main level studio, half bath and sink through the peaceful courtyard. Owners have loved living here for the last 5+ years and added their own impressive upgrades. Please ask to see Floorplan, Property Highlights and Skyview website with video, additional photo gallery and slideshow. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10188408]

1560 NW 25TH AVE, Portland
$4,375,000
4 Beds ⋅ 4 Baths ⋅ 674305115 MLS
A rare and architecturally significant offering, this transitional modern estate was designed by acclaimed Oregon architect Richard Marlitt, and rests gracefully on over two dynamic level acres of private, meticulously curated grounds. Celebrated for his mastery of proportion, light, and spatial harmony, Marlitt’s intelligent proportions and Mid Century design create a seamless dialogue between indoors and out, where walls of glass, soaring ceilings, generous room sizes and thoughtfully placed French doors invite nature into everyday living.Extensive renovations have transformed the home into a beautifully modern residence while remaining true to its original architectural vision. Defined by its effortless main-level living, elegance and fluid floor plan, the home offers both grand entertaining spaces and intimate retreats. Outdoors, the estate transforms into a resort-like setting with exquisite grounds, a sunlit pool terrace, and a seemingly endless and expansive lawn. Enjoy a fully equipped pool house—featuring its own living quarters, kitchenette, and fireplace—ideal for guests or extended entertaining. Mature trees, curated gardens, and seasonal blooms create a landscape of year-round beauty, enhanced by extensive lighting that brings the grounds to life after dusk.With a legacy of thoughtful stewardship and extensive modern updates, this is a timeless residence where architectural pedigree meets contemporary comfort—offering a rare opportunity to own a truly distinguished and elegant Oregon estate.Characterized by grand residences set on generous acreage, mature landscapes, and quiet, tree-lined lanes, the welcoming Dunthorpe neighborhood offers a rare blend of privacy, prestige, and community—an enduring legacy that has made it one of the Pacific Northwest's most coveted residential enclaves.

12727 S IRON MOUNTAIN BLVD, Portland
$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
$4,647,484
4 Beds ⋅ 3 Baths ⋅ 269016299 MLS
Behind a restrained concrete façade in the heart of Clinton/Division, this newly completed architectural compound feels less like a residence & more like a private club, gallery retreat, or hidden modernist villa you’d expect to find in Mexico City, Copenhagen, or the early creative years of Venice Beach, before everyone discovered it. Designed by Material Architecture & Furniture, built by Capsule, the home is a rare study in permanence, restraint, & warmth. An 18-inch structural concrete wall system, thermally broken floor to ceiling windows, custom steelwork, & Oregon white oak create a level of material integrity almost never seen in Portland’s residential construction. At the center of the property, a lush outdoor escape dissolves the line between indoors & out. Centor doors open the living spaces entirely to bluestone patios, curated landscaping, & a Port Orford cedar sauna turning the courtyard into a daily ritual rather than an amenity. Every surface feels intentional. Stainless steel counters. Limestone sinks. Gunmetal Watermark fixtures. Blackened steel details. Custom furniture & vintage collections, from Assemble Collective & Wilma, integrated into the architecture itself. The detached guest house functions as an independent retreat with a wood-burning fireplace, custom cabinetry, Brazilian granite. Ideal for guests, creative work, collectors, or wellness space.the home sits inside one of SE Portland’s most culturally magnetic neighborhoods where acclaimed restaurants like Ava Gene's, Lauretta Jean's, & neighborhood institutions anchor a district long associated with Portland’s creative evolution. Clinton/Division became what it is because artists, designers, chefs, architects, & independent thinkers moved here long before the rest of the world noticed. Look up Langlitz Leathers. That spirit remains. This home values architecture over square footage, atmosphere over excess, & originality over replication. OWNER WILL CARRY! [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10248070]

3126 SE 36TH AVE, Portland
$4,695,000
6 Beds ⋅ 7 Baths ⋅ 729093728 MLS
Willamette Riverfront Estate blending Northwest Craftsman architecture with thoughtful modern updates. Originally built in 1913 and extensively reimagined in 2005-2006, this home is set on over an acre along one of Lake Oswego’s most sought-after stretches of riverfront. Rich woodwork, custom built-ins, high ceilings, and refinished hardwoods define the interiors. The kitchen opens to the family room and a window-wrapped sunroom with vaulted bamboo ceilings and panoramic river views. Features include a butcher-block island, 8-seat eating bar, and a 6-burner Wolf range. The updated butler’s pantry offers a secondary suite of appliances to enhance everyday function and entertaining. Formal living and dining, office with exterior access, and main-level guest suite. The primary suite offers a spa-like bath clad in Ann Sacks tile, complete with a fireplace-accented soaking tub, oversized walk-in shower, and recently renovated closet. The lower level is designed for entertaining, featuring a wet bar and seamless access to the backyard, pool, and riverfront. An upper-level bonus room is complete with a built-in rock climbing wall and interactive game elements. Outdoor features include an oversized dock with 2 boat lifts and 2 jet ski docks, a thoughtfully designed pool and spa, and two gas fireplaces. Gated entry, mature landscaping, and private setting in the Riverdale School District. Significant improvements completed in recent years include transformative exterior paint, a refreshed main-level statement fireplace and eating bar, remodeled butler’s pantry with integrated dual laundry, custom primary closet, and an elevated gangway system.

12790 S FIELDING RD, Lake Oswego
$4,995,000
8 Beds ⋅ 6 Baths ⋅ 387396185 MLS
Cedarhurst is more than a residence. It is a turn-key lifestyle rooted in heritage and enriched by thoughtful design. Originally built in 1895 and masterfully reimagined through an extensive 2023 renovation, the estate is tucked atop a graceful circular driveway. The manicured grounds feature an incredible 6-car underground garage plus an adjacent 2-car bay. The outdoor oasis is designed for year-round enjoyment, boasting a heated in-ground current pool, covered lounge, and greenhouse. Inside, elegant herringbone oak floors lead to a grand entry flanked by a library with custom built-ins and a formal living room with triple French doors. The chef’s kitchen is a masterclass in form and function, featuring quartz countertops, a Hestan range, dual dishwashers, and a built-in fridge. A light-drenched sunroom overlooks the lush backyard, while 8 well-appointed bedrooms, 6 full bathrooms, and 2 half bathrooms across three levels plus a finished basement offer exceptional scale without compromising intimacy. A seamless blend of history and modern refinement, Cedarhurst remains a true generational legacy.

11175 S RIVERWOOD RD, Portland
$4,028,900
258555663 MLS
Acquire an entire new construction 11 unit condominium community in Portland’s desirable Markham neighborhood, offering investors a turnkey portfolio with immediate lease up potential. All homes are vacant and move in ready, providing a clear path to tenant placement and income stabilization. The offering includes 9,970 total square feet across 11 thoughtfully designed 2 bedroom, 2½ bathroom residences, each spanning approximately 905 to 908 square feet. Every home features a bright great room layout. Kitchens are anchored by islands with eat bars and include solid surface countertops, stainless steel appliances, pantries, and generous cabinetry. Upstairs, dual ensuite bedrooms provide privacy that appeals to roommates, remote workers, and guests. In unit laundry and efficient mini splits add everyday convenience and year round heating and cooling. Five homes in the west building offer private decks, while six homes in the east building feature patios. Select residences add larger fenced yards, premium end unit positioning, or additional windows that enhance natural light. Built by a trusted Pacific Northwest Street of Dreams builder with over 20 years of experience, known for purposeful design and precision craftsmanship. Designed for life. Crafted to last. The location supports sustained rental appeal with Gabriel Park, Multnomah Village shopping and dining, Barbur Boulevard transit, downtown Portland, and major employment centers all within easy reach. A rare opportunity to acquire an entire lease ready community with modern construction, several variations of outdoor spaces, and compelling long term potential in Southwest Portland.

8632 SW 21st AVE, Portland
$4,995,000
3 Beds ⋅ 3 Baths ⋅ 450970034 MLS
Perched high above Portland with one of the city’s most commanding panoramas, this Iconic ultra-modern masterpiece designed by renowned architect Bob Thompson delivers an epic blend of architecture, light, and cinematic indoor/outdoor living. Walls of glass capture a sweeping 270-degree view of the skyline, river, and the Cascade mountain range, while multiple terraces, a dramatic 75-foot lap pool, and refined contemporary interiors create a lifestyle centered on spectacle and serenity. Nearly 7,300 square feet of meticulously updated living space offer grand entertaining areas, a luxe main-level suite, a chef’s kitchen with Italian stone and Arclinea cabinetry, and resort-style amenities including a screening room, multi-level elevator, 3 car garage with a bar/TV with a oversized level and gated motor court, wine lounge, gym, and game room. With a seven-figure investment in recent upgrades, this home stands as one of Portland’s most extraordinary, view-driven offerings and an unmatched opportunity for buyers seeking a truly iconic vantage point.

1305 SW MYRTLE CT, Portland
$4,123,900
390824442 MLS
Located in Portland’s highly desirable St. Johns neighborhood, this offering represents a rare new-construction cottage cluster consisting of 11 detached homes on N Bank St. The detached configuration and fee-simple ownership structure provide long-term operational flexibility, simplified management, and strong resale optionality—either as a portfolio hold or future individual dispositions, subject to buyer strategy and local regulations. Purpose-built for efficiency and durability, each residence features energy-efficient mini-split systems for year-round heating and cooling, supporting lower operating costs and broad tenant appeal. The project was delivered by a multi-year Street of Dreams builder and Builder of the Year award winner, offering confidence in construction quality, design execution, and long-term performance. The cohesive site layout balances privacy and density, enhancing tenant satisfaction while maintaining an approachable neighborhood scale. The St. Johns location continues to demonstrate strong rental demand driven by proximity to major employers, recreation, and everyday amenities. Residents enjoy quick access to Cathedral City Park, St. Johns Park, Pier Park, and the St. Johns Bridge, along with nearby dining, coffee, and breweries including Two Stroke Coffee, Affogato, John Street Cafe, Leisure Public House, StormBreaker Brewing, Wonderwood Springs, and The Fixin’ To. This amenity-rich environment supports rent stability, reduced vacancy, and long-term appreciation. Overall, this asset delivers a compelling combination of detached new construction, efficient mechanical systems, walkable neighborhood amenities, and flexible ownership structure, making it well-suited for investors seeking durable cash flow, low near-term capital needs, and strong exit optionality in one of North Portland’s most established submarkets.

8328 N Bank ST, Portland
$4,250,000
6 Beds ⋅ 5 Baths ⋅ 186005227 MLS
Nestled in Portland’s prestigious West Hills, this extraordinary estate offers sweeping views of the city skyline, Willamette River, and Cascade Mountains. Set on 1.17 acres of gated, park-like grounds, the property blends historic elegance with modern luxury.Originally built in 1887 by JJ McCaffrey and thoughtfully updated in 1928 by renowned architects Jacobberger and Smith, the residence showcases timeless craftsmanship and architectural distinction. The home has been exceptionally maintained over decades of ownership. Inside, experience approximately 10,000sf of living space that unfolds across four levels, featuring elaborate moldings, stained glass windows, rich wood floors, and multiple fireplaces. Grand formal rooms are complemented by a marble-clad chef’s kitchen with Thermador appliances, a butler’s pantry, and exquisite built-ins throughout.The upper-level grand ballroom represents architecture at its finest with maple wood floors, curved trusses, under-eave insulated storage, and finished with tongue and groove fir ceilings. The estate also includes two separate dwellings: a 2-bedroom, 1-bath guest house with fireplace and scenic views, and a 1-bedroom, 1-bath carriage house with full kitchen, office space, and a six-car garage. Outdoor amenities elevate the lifestyle with a full-size tennis court, in-ground pool surrounded by Italian porcelain patio, cobblestone driveway, and manicured gardens.Located minutes from NW 23rd, downtown Portland, top-rated schools including Ainsworth Elementary and Lincoln High, and major medical centers, this rare offering combines privacy, prestige, and convenience in one of the city’s most coveted settings. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10226736]

1816 SW HAWTHORNE TER, Portland
$4,250,000
4 Beds ⋅ 3 Baths ⋅ 786715699 MLS
There is no other setting like Penridge in Portland.Sited on 1.36 level acres in the West Hills, 7307 NW Penridge delivers a level of finish more familiar to the Hollywood Hills than the Pacific Northwest: absolute privacy, mature gardens cultivated over seventy years, and grand lawn that opens to the vast skyline. The privacy & scale of the grounds this close to the city, is rare.Effectively rebuilt in 2021, the estate lives like new. All new systems, completely reimagined. Daily life happens on the main floor, with the lower level holding an expansive gym, glass-enclosed wine cellar, sauna, private office, and guest suite: spaces you use when you want them, not rooms you maintain. The kitchen and family room are anchored by bookmatched Nero Marquina marble, a floating hood, and a fireplace running the full length of the room, paired with seamless walnut slab cabinetry and Kelly Wearstler leather accents. Original wide plank oak floors with wood plug nails, refinished in 2025. Custom Venetian plaster fireplace surrounds. Hand-stitched leather stair rail. Iron and glass throughout.The primary suite is exceptional: walk-in closet, slab marble head wall, custom lined wood walls, and a bath finished floor to ceiling in Eros Gray marble slab with a solid stone soaking tub and radiant heated floors.The outdoors flows across two levels. Off the main floor, a newly added covered living room with outdoor kitchen and gas grill, lounge seating, and fire pit opens onto the grand lawn, with the hot tub just off the primary and seventy years of gardens enveloping it all. Below, a saltwater pool with auto cover, private bar, turf lawn for games, and a sunbathing terrace.The privacy reads as remote. The location is anything but. NW 23rd Avenue is minutes down the hill, with OHSU, Nike, and Intel all within an easy commute. For those arriving in Portland for the first time, or returning to be near family- Welcome Home to Penridge!

7307 NW PENRIDGE RD, Portland
$4,350,000
713931810 MLS
Welcome to Savona Apartments, a 24-unit apartment community ideally situated at 4620 N Maryland Ave in the heart of one of Portland’s most dynamic neighborhoods. Built in 2018, Savona Apartments features modern construction and spacious floor plans designed for today’s urban lifestyle.This well-maintained property offers a blend of contemporary living and unbeatable location. Residents enjoy direct access to the vibrant Mississippi Avenue district, with its eclectic mix of renowned eateries, craft breweries, boutiques, and a lively arts scene—just steps from your front door. Commuters benefit from immediate access to the I-5 freeway and the MAX light rail, ensuring easy connectivity to downtown Portland and beyond.Additionally, this property has an assumable loan at 3.370% interest until June 2030. Property is fully occupied, please do not disturb tenants.

4620 N MARYLAND AVE, Portland
$4,999,000
757187463 MLS
RARE Owner-User Opportunity off busy Martin Luther King Jr Blvd in Portland for an Auto Body Shop. Includes 7 tax lots with 1.58 acres, two warehouse buildings: 22K with office space & 10K SF. Features include: 3-phase power, gas fuel and 12 total roll-up doors, ideal for investers, owner-users, or redevelopment. This is a rare opportunity to acquire a substantial footprint in a high-demand commercial corridor!

7606 NE M L KING JR BLVD, Portland
$4,799,900
23022381 MLS
Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of studio + 1 bed units including a generous 1,124 sf Retail Space that presents a perfect canvas that can be tailored to suit a wide range of ventures. Expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike rack round out a few quality amenities. With remarkable proximity, in the heart of Belmont and just 0.6 miles to iconic Laurelhurst Park and blocks to Hawthornes vibrant shops + restaurants!

4738 SE BELMONT ST, 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.