$24M Ranch Lassos the Title of Oregon's Most Expensive Home

  • Large windows provide spectacular views.

    Large windows provide spectacular views.

  • The home theater even includes box seats.

    The home theater even includes box seats.

  • The R and B Ranch covers more than 507 acres.

    The R and B Ranch covers more than 507 acres.

Oregon conjures up images of hipsters, lush forests, and episodes of " Portlandia." But it's also home to a number of high-priced homes. This summer, we've seen three different listings wrestle for the title of most expensive home in the state.

The Pacific Northwest has become a luxury shoppers paradise -- Oregon's highest-priced listing has been changing faster than a hipster's hairstyle. In June, it belonged to a 13,462-square-foot home on Lake Oswego, but in July this $18 million property in West Linn grabbed the title.

The latest titleholder is a 507-acre working cattle and horse ranch near Sisters. Known as the R&B Ranch, it features eight bedrooms and 8.5 bathrooms. It's on the market for a whopping $24 million.

With 14,666 square feet of living space, the main home on the ranch may appear overwhelming. However, co-listing agent Brook Havens (along with Pam Mayo Phillips) says that a recent brokers' open house drew comments that "the property was very high-quality, well-done, and did not feel ostentatious. It doesn't feel overbuilt when you get there."

Built by the homeowners over several years and completed in 2012, the property offers breathtaking views of the Cascade Range. The spread includes a barn with saloon, an indoor horse arena, a nine-bay shop for horses, an outdoor horse track, a livestock barn, a 6,263-square-foot guesthouse, and a 3,727-square-foot manager's home. Horsing around isn't the only sporting activity -- the pond outside is stocked with trout.

Upscale finishes and locally sourced materials are evident throughout the main house, which includes a theater, a wine room, and a den that can be used as an office.

"For a family retreat, everything is right there," Havens says. And while the ranch offers plenty of privacy, it's just a five-minute drive to Sisters and a 15-minute drive to Bend, central Oregon's largest city. Owners Richard and Barbara Morrow developed the property "to entertain family and friends as well as train Spectacular horses," according to their website.

Marketing for the property is being done in the Seattle area, internationally, and in Texas to attract buyers interested in horse breeding. Equestrian adventures aside, it'll be interesting to see if another property can gallop off with the title of the state's most expensive listing.