1587 SW WALTERS LOOP
Gresham, OR, 97080 $ 1,399,000
Bedrooms4 Baths3.1 Sq 5,540 Monthly Estimate*
$ 8,728
for $1,399,000 with 4 bedrooms and 3 full baths, 1 half bath. This 5,540 square foot home was built in 2005 on a lot size of 0.88.
This stunning 5540 SqFt 4-bedroom, 3.5-bath home offers both luxury and functionality, perfect for those who appreciate the finer details and spacious living. The primary suite is an absolute retreat, featuring a huge bathroom with a walk-in shower, jacuzzi tub, and a fireplace and sweeping views from the attached balcony, offering the perfect place to unwind. The formal dining room is ideal for elegant gatherings, while the office, complete with built-in bookcases and desk, provides a quiet space for work or study. The formal living room showcases picturesque views that will leave you speechless. The kitchen is a chef’s dream, with an oversized island, gorgeous granite countertops, and beautiful wood cabinetry that highlights the attention to detail. The family room, with its own fireplace, provides a casual space for relaxation, and the informal dining area offers easy access to the balcony, making outdoor meals a breeze. 2nd & 3rd bedrooms with spacious Jack and Jill bathroom. The lower level is a fantastic entertainment area, featuring a wet bar, media room, 4th bedroom, full bath, and a sauna—perfect for relaxing. Step outside to the covered back patio with stamped concrete, overlooking just under an acre of fully fenced property, providing privacy and plenty of space for outdoor activities. The 4-car garage ensures ample storage, while a separate gym allows you to stay active in the comfort of your own home. This home is built to last and offers an opportunity to live in luxury with a gorgeous setting that’s truly one of a kind.
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FeaturesInteriorInterior Amenities CentralVacuum GarageDoorOpener Granite HardwoodFloors HighCeilings Laundry Sprinkler TileFloor WalltoWallCarpet
Total Fireplaces 2
Fireplace Features Gas
Hot Water Gas
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 3.1
Total Bedrooms 4
Total Baths 4
1/2 Baths 1
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances BuiltinOven Dishwasher Disposal DoubleOven FreeStandingRefrigerator GasAppliances Granite Island Microwave Pantry PlumbedForIceMaker PotFiller StainlessSteelAppliance Tile
Garage Spaces 5.0
Architectural Style CustomStyle Traditional
Year Built 2005
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2024
Parcel Number R489346
Accessibility MainFloorBedroomBath UtilityRoomOnMain WalkinShower
County Multnomah
Property Type Residential
HOA N
Full Baths 3
Status Active
Directions Top of Walters Hill- Powell to walters to walter loop
High School Gresham
City Gresham
Disclosures Disclosure
MLS Area _144
Lot Size Square Feet 38332.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Hollydale
Tax Annual Amount 18604.28
Middle/Junior High School Dexter McCarty
Property Condition Resale
Virtual Tour https://iframe.videodelivery.net/6811644960d344b031f1f7b013b95966
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description VIEW CREST HEIGHTS LOT 8
ADU False
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ExteriorExterior Amenities CoveredPatio Fenced Patio RVBoatStorage SecurityLights Sprinkler
Parking Features Driveway OffStreet
Lot Features GentleSloping Secluded Trees
Water Source PublicWater
Total Parking 5.0
Garage Type Attached Oversized Tandem
Exterior Description CementSiding CulturedStone
Foundation Details Slab
Building Area Total 5540.0
Lot Size Acres 0.88
Road Surface Type Concrete Paved
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* Excluded FeaturesList ByRe/Max Equity GroupBroker
Gretchenspringsells@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,728
- Monthly Property Taxes
- $1,550
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Gresham, OR
Average List Price $566,006
Percent of Sale Price 60%
About Gresham, OR 113,713 Population
26% Since 2002
$ 51,832 Median Income
36.26 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950251 Elementary School
1948971 Middle School
Gresham High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/15/2025 | $1,399,000 | -4.70% | Price Down |
| 5/10/2025 | $1,468,000 | -3.29% | Price Down |
| 3/25/2025 | $1,518,000 | -1.30% | Price Down |
| 2/7/2025 | $1,538,000 | | Listed Price |