4340 STATE HIGHWAY 38

Drain, 97435

  • 3 Bed

  • 2 Bath

  • 2300 SqFt

  • 54 DOM

  • Built: 1948

  • Status: Active

$1,398,000

Price cut: $48K (09-16-2025)

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4340 STATE HIGHWAY 38

Drain 97435

$1398000

Price cut: $48K (09-16-2025)

  • 3 Bed

  • 2 Bath

  • 2300 SqFt

  • 54 DOM

  • Built: 1948

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

26+/- acre estate with a 2300 sq ft, 3-bedroom, 2-bathroom home offering panoramic views and abundant wildlife including elk, deer, and bear. Features 0.50 miles of Elk Creek frontage with excellent trout and steelhead fishing, a leveled hay field, and robust infrastructure. Includes a gated, half-mile private drive, well, septic system, a 60x20 ft two-story equipment barn, a 40x60 ft two-story horse barn with eight stalls and a tack room, a recreational space, and a guest room with private bath. Landscape boasts mature cedar trees. Conveniently located near Highway 38, 40 minutes from coastal towns, and in the North Douglas High School District.

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