Corvallis’ Most Expensive Home Hits the Market at $1.9 Million
1045 SW 53rd St has just hit the Corvallis real estate market with a $1,900,000 price tag
Corvallis’ Most Expensive Home Hits the Market at $1.9 Million
CORVALLIS, OR — A high-profile property at 1045 SW 53rd St has just hit the Corvallis real estate market with a $1,900,000 price tag, making it one of the most expensive residential listings in the city this year.
Listed in early December 2025 by local agent Michael Krasilovsky of Re/Max Integrity, the site offers far more than just a home — it presents a major redevelopment opportunity on nearly two acres of land in southwest Corvallis.
(Photo by Zillow)
The property spans 1.71 acres across two buildable tax lots and includes a well-maintained 1,664-square-foot single-story home with three bedrooms and two bathrooms, constructed in 1952.
But the listing’s true appeal may lie in future uses:
• Zoned RS-6, the parcels are suitable for a variety of residential configurations — from additional single-family homes to townhomes or even a cluster of cottages.
• Developers have noted that the site could support dozens of housing units if subdivided and developed to its full potential.
• Location highlights include proximity to Oregon State University, nearby shops, Bald Hill trails and downtown Corvallis amenities, with attractive views of Mary’s Peak.
(Photo by Zillow)
Inside the Home and Property Features
The existing residence includes:
3 bedrooms and 2 full bathrooms
Attached garage with parking for one vehicle
Covered patio and partial fencing
Scenic mountain views
While the home itself reflects mid-20th-century construction, its well-kept condition makes it livable for new owners — whether they choose to renovate or preserve it while planning future development.
Market Context & Local Impact
At $1,900,000, this property sits well above the median home price in Corvallis — where typical houses sell for significantly less, even in desirable neighborhoods. Luxury listings such as this one follow the ongoing tension in the Corvallis housing market: strong demand and limited supply push prices higher, especially for parcels with development upside.
Some buyers may see this as an investment-oriented opportunity, not just a luxury residence — particularly given the city’s status as a university town with consistent housing demand.
Quick Facts – 1045 SW 53rd St, Corvallis
AttributeDetailPrice$1,900,000 Lot Size1.71 acres Home Size1,664 sq ft Bedrooms/Baths3 beds / 2 baths ZoningRS-6 (residential) Built1952
The listing remains active as of February 2026, and local agents say interest is expected to be high — especially among investors and buyers looking to capitalize on Corvallis’ scarce larger-lot residential land.
See the listing here on: Zillow
— The Corvallis Inquirer, Feb. 22, 2026
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