305 S MONTGOMERY ST #508, Portland, OR 97201 | MLS #205173824 | Oregon First Inc.
 
Listing provided courtesy of LUXE Forbes Global PropertiesMLS# 205173824MLS Provider
  • 121 days on site
  • 34 views

An exceptional penthouse residence set along the banks of the Willamette River in Portland's walkable RiverPlace district, this remarkable home offers the rare balance of expansive living and effortless urban convenience.Encompassing approximately 2,700 square feet, the residence was thoughtfully created by combining two separate units into one beautifully flowing floor plan. The result is an extraordinarily spacious three-bedroom layout with an additional den'ideal for a private office, library, or media retreat. Two generous primary suites provide comfort and flexibility, including one with a truly impressive walk-in closet(12'9 x 12,5) designed to accommodate the most extensive wardrobe with ease.Dramatic 13-foot vaulted ceilings elevate the main living areas, enhancing the sense of light and openness. A striking wood-burning rock fireplace anchors the space, adding warmth, character, and timeless architectural presence.Three private decks extend the living experience outdoors, each offering a unique vantage point of the river. From your expansive, river-facing terrace, enjoy Portland's most beloved waterfront traditions'festive Christmas Ships gliding by in winter and spectacular Fourth of July fireworks illuminating the sky in summer'all from the comfort of home.The kitchen presents a rare and exciting opportunity: a generous footprint awaiting your vision and design touch to transform it into a truly showstopping culinary space. With a recent $200,000 price adjustment, the stage is set for a discerning buyer to create a dream kitchen worthy of the setting.Perfect for those looking to downsize without compromise, this penthouse delivers substantial square footage, refined character, and year-round riverfront living'all within one of downtown Portland's safest and most walkable neighborhoods.A rare offering. An inspired canvas. An extraordinary place to call home.

Source: Regional MLS, MLS#: 205173824

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  • Property Type
    Residential

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  • Median Age
    32
  • Population Density
    8,080
  • College Educated
    74%
  • Estimated Median Income
    $58,850
  • Estimated Total Home Owners
    2,589
  • Estimated Total Renters
    6,721
  • Owner / Renter Divide
    28% / 72%
  • Estimated Average Household Size
    2
  • Total Population
    17,558
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 305 S MONTGOMERY ST #508


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/24/2026Source: Regional MLS Status Change
Active
3/30/2026Source: Regional MLS Status Change
Pending
2/28/2026Source: Regional MLS Added to Database
February 28, 2026