Prepare to fall in love with this exceptional private sanctuary, where sweeping valley views and refined design create the perfect place to call home. Nestled in one of the area's most desirable neighborhoods, this stunning residence offers the ideal blend of luxury, comfort, and privacy.
Designed for both entertaining and everyday living, the home features expansive outdoor spaces, including a beautifully landscaped backyard and a large patio perfect for hosting gatherings or enjoying peaceful evenings surrounded by nature. Inside, you'll find thoughtful amenities such as a sauna, wet bar, and media room, making it easy to entertain family and friends in style.
Car enthusiasts and adventurers will appreciate the oversized five-car garage and dedicated RV parking, offering ample space for vehicles, toys, and storages.
Every detail has been carefully considered, combining timeless design with exceptional craftsmanship to create one of the area's most desirable properties. Relax to the sound of birdsong, take in the breathtaking valley views, and experience the tranquility of a home you'll be proud to own.
The lease agreement is for a term of one (1) year and convert to month-to-month tenancy. Rent is due on the date specified in the lease agreement. The tenant is responsible for all utility costs beside landscaping. Pets are permitted with approved authorization in writing by the landlord. Approved pets may be subject to additional deposits. Smoking and vaping are prohibited on the premise. Subleasing is not allowed.
Tenant shall be responsible for payment of all utilities serving the Premises, including but not limited to:
• Electricity
• Gas
• Water
• Sewer
• Garbage
• Internet
• Cable
• Any other utility services
Landlord shall be responsible for landscaping and routine yard maintenance
i
Amenities
In-unit amenities
These amenities may not be available for every unit
View estimated energy costs and solar savings for this home
Internet
View Internet plans and providers available for this home
Provided by Down Payment Resource, RateUpdate.com, EnergySage, and AllConnect
Property details
Interior
Basement Information
Basement Sq. Ft: 1,680
Basement Type: Partial Finished
Bathroom Information
# of Full Baths: 3
# of 1/2 Baths: 1
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Forced Air
Fireplace Information
# of Fireplaces: 2
Fireplace Type: Prefab
Has Fireplace
Exterior
Exterior Information
Foundation Type: Concrete
Building Type: Single Family
Property Information
Subdivision Name: VIEW CREST HEIGHTS
Living Sq. Ft: 4,282
Ground Floor Sq. Ft: 3,860
Building Sq. Ft: 6,746
# of Stories: 1
Legal Description: VIEW CREST HEIGHTS, LOT 8
Parking & Garage Information
Parking Type: Built-In Garage
Garage/Parking Sq. Ft: 1,206
Garage / Carport Type: Built In
Lot Information
# of Buildings: 1
Land Sq. Ft: 38,227
Legal Lot Number: 8
Acres: 0.88
Zoning Code: LDR/GB
State Use Description: RESIDENTIAL,IMPROVED
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: 3.5
Sq. Ft.: 4,282
Stories: 1.0
Lot Size: 0.88 acres
Style: Single Family Residential
Year Built: 2005
Year Renovated: 2005
County: Multnomah County
APN: R489346
Home facts updated by county records on Oct 5, 2026
Sale and tax history for 1587 SW Walters Loop
Sale History
Tax History
Date
Event
Price
TURBOTENANT #2
Oct 22, 2026
Rental Removed
$4,975
$1/sq ft
Oct 20, 2026
Listed for Rent
$4,975
$1/sq ft
REDFIN #1
Oct 19, 2026
Rental Removed
$5,500
$1/sq ft
Aug 8, 2026
Price Changed
$5,500
$1/sq ft
Jul 28, 2026
Listed for Rent
$6,350
$1/sq ft
RMLS #20349696
Jan 22, 2021
Sold
$830,000
$194/sq ft
Dec 23, 2020
Listed
$875,000
$204/sq ft
Dec 23, 2020
Delisted
—
Prepare to fall in LOVE with this PRIVATE sanctuary with sweeping valley views. An ENTERTAINER or FAMILY dream home situated in the finest neighborhood, great outdoor living space with beautiful back yard, oversized 5 car garage and RV Parking. PRIVACY, DESIGN and attention to DETAILS come together that make this the area's HOTTEST property. Sauna, large patio, wet bar and media room will allow you to entertain in ease. Sit and relax, listen to the birds and enjoy this home to be proud of.
Public Records
Jul 22, 2004
Sold
$221,400
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$19,435 (+4.5%)
2024
$18,604 (+9.8%)
2023
$16,950 (+2.9%)
2022
$16,476 (+2.6%)
2021
$16,060 (+11.2%)
2020
$14,444 (+2.7%)
2019
$14,066 (+4.9%)
2018
$13,412 (+4.2%)
2017
$12,867 (+13.4%)
2016
$11,344 (+5.0%)
2015
$10,808 (+2.6%)
2014
$10,534 (−0.7%)
2013
$10,612 (+7.2%)
2012
$9,903 (+0.6%)
2011
$9,843 (−0.3%)
2010
$9,875 (+2.5%)
2009
$9,631
Around this home
Schools
Places
Transit
7/10
East Gresham Elementary School
Public, K-5 • Assigned • 1.1mi
3/10
Dexter McCarty Middle School
Public, 6-8 • Assigned • 1.2mi
4/10
Gresham High School
Public, 9-12 • Assigned • 1.4mi
Provided by GreatSchools
About Gresham
Butte
Gresham Butte, located between Powell Butte Nature Park and Downtown Gresham, is a hillside and residential Gresham neighborhood with wooded slopes and wide east-county views. The neighborhood’s character concentrates around the SE 242nd Ave and SE Stark St crossroads, where everyday errands cluster beside steady traffic and a practical, local rhythm. Nearby, the Center for the Arts Plaza brings performances and gallery nights into the mix, while Mt. Hood Community College adds a campus pulse. Streets climb and curve past mid-century ranches, newer infill, and pockets of evergreens that keep the terrain present. Gresham Butte Park’s trails and open lawn set a quiet outdoor counterpoint to the commercial strips. MAX service at Gresham Central Transit Center links the area to the wider region without changing its low-key feel.
Provided by Walk Score and Local Logic
Public facts and zoning for 1587 SW Walters Loop
Beds
—
Baths
3.5
Sq. Ft.
4,282
Stories
1
Lot Size
0.88 Acres
Style
Single Family Residential
Year Built
2005
Year Renovated
2005
County
Multnomah County
APN
R489346
Home facts updated by county records on Oct 5, 2026.
Additional resources
Zoning
Working on getting current and accurate zoning information for this home.Learn more
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
6 days above 91° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
14 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Thinking of selling?
Estimated sale price
$976,000 – $1.18M
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In-unit amenities
These amenities may not be available for every unit