Listed by: E Lamar Yoder · eXp Realty, LLC
- 2.51 acres
SW Fairgrounds Rd Unit Lot 00200, Madras, OR 97741
- Residential LotsHome type
- 2.51 acresLot
- NoneHOA
About this home
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
| Date | Event | Price |
|---|---|---|
| Aug 21, 2025 | Listed 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%
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.