Sales comparison approach using recent sales of similar new construction homes in Gresham Butte. Adjusted for size, condition, and amenities.
Contemporary New-Build: 5BR, 3.5BA with 3-Car Garage
The clean lines and board-and-batten elevation of this 2025 contemporary make a striking first impression on Southwest 49th Drive. Inside, 3,199 square feet are organized for modern family life: soaring ceilings open above the main living area, a fireplace anchors the living room, and a chef-ready kitchen centers on a generous island with solid-surface counters and stainless-steel appliances. Sleek cabinetry and thoughtful fixture selections give the home a polished, current feel without feeling over-styled.
Function meets intention in the layout. The primary suite on the main level offers privacy and convenience with a walk-in closet and a private en-suite bathroom. Four additional bedrooms and multiple baths provide flexibility for a home office, guest wing, or hobby spaces. Practical systems include forced-air gas heating and a crawl-space foundation; the home currently has no central cooling, presenting an easy opportunity for buyers to add A/C to suit their priorities.
Outdoor living is tailored to the sloped 0.24-acre lot: a covered deck off the main level frames treed views and extends entertaining space into the yard. The attached three-car garage and driveway offer abundant storage and parking, while composition roofing and durable cement/lap siding keep exterior maintenance low for years to come.
Located in Gresham Butte, this home places everyday conveniences and recreation within easy reach. Persimmon Country Club is minutes away, Gresham Station Shopping Center is under three miles, and popular green spaces like Nadaka Nature Park and Main City Park are close by. With new-construction finishes, a practical footprint, and the strong resale profile of the neighborhood, this property suits buyers seeking move-in-ready quality and long-term appreciation. Buyers should note recent sale activity and anticipate an updated assessment after new construction; consider a professional inspection and confirm permits as part of your due diligence.
See the properties helping shape the valuation.
Comparable sales
- 109 SF smaller
- 0.5 fewer bathrooms
- 6,534 SF larger lot
- Same year built
- 131 SF smaller
- 0.5 fewer bathrooms
- Similar lot size
- 1 year older
- 110 SF larger
- 1 fewer bedroom
- 0.5 fewer bathrooms
- 4,546 SF larger lot
- Same year built
A 2025 contemporary on 0.24 acres.
Building
Site & utilities
Gresham Butte
Researched nearby locations
Location
841 Southwest 49th Drive, Gresham, OR 97080
Gresham Butte blends hilltop views with convenient access to shopping, recreation, and golf. Residents enjoy proximity to Persimmon Country Club and Gresham Station for dining and errands, while parks like Nadaka Nature Park and Main City Park offer green space and trails. The area is primarily residential and attracts buyers seeking newer construction and larger lots within reach of Portland's employment centers. Families should review Gresham-Barlow School District ratings, and many homeowners here appreciate the neighborhood’s balance of suburban calm with nearby amenities.
Very good access to outdoor recreation with Persimmon Country Club 1.5 miles away, Nadaka Nature Park and Main City Park within a few miles, and regional trails and greenways for hiking and biking nearby.
A factual market snapshot around 841 Southwest 49th Drive.
Gresham Butte is currently favoring sellers: inventory sits at roughly 2.5 months, average days on market are near 30, and one-year appreciation is about 5%. Median sale prices in the immediate area hover around $700,000, with new-construction comps clustering between $800,000 and $815,000 and price-per-square-foot comparisons in the low-to-mid $200s. Using recent sales within 1.5 miles, valuation analysis places this contemporary home in the $850k–$900k band, with a midpoint near $875k — consistent with the recorded $855,000 sale in February 2026.
Single-family new builds in Gresham Butte are moving briskly, buoyed by limited resale inventory and buyers prioritizing modern finishes and larger floorplates. For investors, rental comps indicate healthy demand: estimated rent near $3,500/month (≈ $1.09/sqft) with a gross yield around 4.8%, showing steady leasing potential. For owner-occupants, the current market makes a compelling case to act now — low inventory keeps competition strong, while new-construction minimizes near-term maintenance expenses. Important considerations: school ratings for middle and high schools are below local averages and an updated tax assessment is likely after construction, so factor those into your offer strategy.
Low-Density Residential
Zoning
Research-indicated uses
- Single Family Residential
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 1 SF larger
- 0.5 fewer bathrooms
- 99 SF smaller
- 1 fewer bedroom
- 0.5 fewer bathrooms
What the research supports — and what is still worth verifying.
Key findings
- Property sold in February 2026 for $855,000 ($267 per square foot)
- Assessed land value of $128,540 prior to construction; updated assessment pending
- Zoned LDR-7-KCH (Low-Density Residential) by the City of Gresham
- Nearby amenities include Gresham Station Shopping Center and Persimmon Country Club
- Elementary school rated 5/10; middle and high schools rated below average
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify construction permits and final inspections
- Confirm updated property tax assessment post-construction
- Professional home inspection
- Assess need for air conditioning installation
What stands out about this property.
Interior Features
- 5 bedrooms, 3.5 bathrooms
- 3,199 square feet of living space
- Primary suite on main level with walk-in closet and en-suite
- High ceilings in main living area
- Fireplace in living room
- Large island with solid-surface countertops
- Stainless-steel appliances
- Sleek cabinetry and modern fixtures
- Forced air gas heating
- Crawl-space basement
Exterior & Lot
- 0.24-acre sloped lot
- Covered deck with treed views
- 3-car attached garage
- Board-and-batten, cement, and lap siding
- Composition roof
- Driveway parking and street frontage on Southwest 49th Drive
Location & Neighborhood
- Gresham Butte neighborhood
- 2.5 miles to Gresham Station Shopping Center
- 1.5 miles to Persimmon Country Club
- Near Nadaka Nature Park and Main City Park
- Part of Gresham-Barlow School District
- Residential surroundings with quick access to local amenities
Walkability & Recreation
- Walkability Rating: 35/100 — Car-Dependent (most errands require a vehicle)
- Nearby parks and green spaces within 3 miles
- Hiking and biking trails accessible in the regional park network
- Persimmon Country Club (1.5 miles)
- Running/walking paths in local parks
- Community recreation facilities in nearby Gresham
Sources & research confidence.
See where the property research came from and how confidence varies by field.