A sprawling Central Oregon ranch listed for $54 million is currently the state’s most expensive home on the market—and it’s not even close.
Located in the Jefferson County city of Madras, the property stretches across tens of thousands of acres, blending luxury living with a full-scale working cattle operation.
Quick Snapshot
- Price: $54,000,000
- Location: Madras, Oregon
- Beds/Baths: 4 beds, 4 baths
- Square footage: 4,652 sq. ft. (main home)
- Lot size: 51,087 deeded acres (plus 15,000 acres of grazing permits)
- Standout feature: A private rodeo arena on a 66,000-acre ranch
First Impression
This isn’t just a home—it’s an entire landscape. The property stretches as far as the eye can see, with rolling rangeland, irrigated meadows, and wide-open sky that changes by the hour.
With more than 100 miles of perimeter, it’s the kind of place where you could drive for hours and still be on your own land.
Inside The Home
At the center of it all sits the main residence, designed to feel both refined and rooted in its surroundings.
The kitchen leans high-end, with stainless steel finishes and enough space to handle everything from quiet dinners to feeding a crew. It opens into living areas that feel built for gathering, anchored by a grand fireplace room that gives the home its sense of scale.
The primary living spaces are open and comfortable, balancing luxury with a ranch-style ease. It’s not flashy—it’s intentional. Each bedroom suite offers privacy and space, making the home feel more like a retreat than just a residence.
Over-The-Top Features
This is where the property separates itself.
- Private rodeo arena with full amenities
- Remote hunting cabins scattered across the land
- A dedicated dance hall
- On-site church
- Multiple manager and ranch-hand residences
- Expansive grazing rangelands supporting a large cattle operation
- Over 2,400 acres of irrigated hay fields
It’s not just built for living—it’s built for running an entire operation.
The Big Picture
The median home price in Jefferson County is about $395,000. This $54 million ranch lives in a different world—tens of thousands of acres, built-out infrastructure, and a fully operational cattle business already in motion.
It’s not the kind of property you compare—it’s the kind you build a legacy around.
Click here to view the complete listing on Zillow.
