Listed by: Amy M Brown · Windermere Realty Trust

$665,000Price cut $24,900
  • 3 beds
  • 2.5 baths
  • 2,641 sqft

505 SE Rancho Lane, Madras, OR 97741

Est. $3,955/moPayment calculator
  • Single Family ResidenceHome type
  • Built in 2003Year built
  • 2.18 acresLot
  • $252/sqftPrice per sqft
  • NoneHOA
  • 2-car garageParking

About this home

  • Listed May 1, 2026
  • 154 days on market
  • 68 photos

Welcome to this beautifully maintained custom home in one of Madras' most desirable, quiet neighborhoods on 2+ acres! This spacious home offers 2,641 sq ft on the main levels, featuring 2 primary suites, oversized rooms, hardwood, tile & carpet, propane fireplace, living & family rooms, and formal dining. The kitchen showcases custom alder cabinetry, abundant storage, and generous workspace. Upstairs includes the 2nd primary suite/bath, loft, and 3rd roomy bedroom. The walk-out daylight basement offers an additional 1,800 sq ft, partially finished with insulation, sheetrock, a plumbed bath, and rough electrical--ready for multi-generational living, or income potential. Situated on a 2-acre lot, offering privacy, room to roam, and endless possibilities. Enjoy a private deck with Sunsetter awning, phantom screen door, and mountain views, plus native landscaping, outdoor fireplace, and oversized 2-car garage. Truly exceptional home! Seller is a licensed Oregon real estate agent.

Facts & features

Interior

Bedrooms
3
Bathrooms
2.5
Full bathrooms
2
Half bathrooms
1
Living area
2,641 sqft
Levels
Three Or More

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Double Vanity
  • Fiberglass Stall Shower
  • Kitchen Island
  • Linen Closet
  • Pantry
  • Primary Downstairs
  • Shower/Tub Combo
  • Smart Thermostat
  • Solar Tube(s)
  • Tile Counters
  • Tile Shower
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)

Appliances

  • Instant Hot Water
  • Cooktop
  • Dishwasher
  • Disposal
  • Microwave
  • Oven
  • Refrigerator
  • Water Heater

Heating & cooling

  • Fireplace(s)
  • Electric
  • Forced Air
  • Heat Pump
  • Propane
  • Heat Pump

Flooring

  • Carpet
  • Hardwood
  • Tile

Property

Lot size
2.18 acres
Garage spaces
2
Subdivision
Ranchos

Exterior features

  • Fire Pit

View

  • Cascade Mountains
  • Territorial

Parking

  • Attached
  • Concrete
  • Driveway
  • Garage Door Opener
  • On Street
  • Workshop in Garage

Construction

Home type
Single Family Residence
Property type
Residential
Year built
2003

Materials

  • Frame
  • Composition roof

Utilities

Sewer & water

  • Capping Fill
  • Septic Tank
  • Backflow Domestic water
  • Public water

Community & HOA

Subdivision
Ranchos
HOA dues
None
County
Jefferson

Financial & listing details

List price
$665,000
Original list price
$689,900
Price per sqft
$252
Annual property tax
$5,430
Date on market
May 1, 2026
Days on market
154
MLS#
220220566

Price & status history

DateEventPrice
May 1, 2026Listed for sale$689,900

Neighborhood

  • SubdivisionRanchos
  • CityMadras, OR 97741
  • CountyJefferson

Payment calculator

Estimated monthly payment

$3,955/mo

  • Principal & interest$3,363
  • Property taxes$453
  • Homeowners insurance$139
  • HOA dues$0

Loan amount $532,000 · 30-year fixed at 6.5%

Down payment
Loan term

An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.

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Listing provided by Windermere Realty Trust · Listing agent: Amy M Brown

Source
MLS of Central Oregon
MLS#
220220566
Last updated
Sep 29, 2026 at 5:45 AM

Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.