Listed by: E Lamar Yoder · eXp Realty, LLC

$350,000
  • 2.51 acres

SW Fairgrounds Rd Unit Lot 00200, Madras, OR 97741

Est. $1,865/moPayment calculator
  • Residential LotsHome type
  • 2.51 acresLot
  • NoneHOA

About this home

  • Listed Aug 21, 2025
  • 408 days on market
  • 20 photos

Prime Development Opportunity - 2.5 Acres Zoned R1. This is a rare opportunity to acquire 2.5 acres of flat, build-ready land in an exceptional location—directly across from the Jefferson County Fairgrounds. Zoned R1, this property has the potential to be subdivided into as many as 20 single family lots (buyer to verify with the City of Madras). Sewer has already been installed throughout the property, offering a major head start for development. Whether you're looking to build a subdivision of single-family or multi-family homes—or explore other possibilities. RV park potential exists, given the property's proximity to the fairgrounds & ideal layout for accommodating seasonal activity. This is an investment worth serious consideration. Please consult with the City of Madras for specific zoning and use requirements. Two conceptual Subdivision plans exist, ask for copies to review different development approaches. Growing demand and location offering direct access to everything!

Facts & features

Property

Lot size
2.51 acres
Subdivision
Madras

View

  • Territorial

Construction

Home type
Residential Lots
Property type
Land

Utilities

Sewer & water

  • Public Sewer
  • Public water

Community & HOA

Subdivision
Madras
HOA dues
None
County
Jefferson

Financial & listing details

List price
$350,000
Annual property tax
$1,146
Date on market
Aug 21, 2025
Days on market
408
MLS#
220208077

Price & status history

DateEventPrice
Aug 21, 2025Listed for sale$350,000

Neighborhood

  • SubdivisionMadras
  • CityMadras, OR 97741
  • CountyJefferson

Payment calculator

Estimated monthly payment

$1,865/mo

  • Principal & interest$1,770
  • Property taxes$95
  • Homeowners insurance$0
  • HOA dues$0

Loan amount $280,000 · 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 eXp Realty, LLC · Listing agent: E Lamar Yoder

Source
MLS of Central Oregon
MLS#
220208077
Last updated
Dec 4, 2025 at 9:46 PM

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.