Listing provided courtesy of LUXE Forbes Global Properties- MLS# 205173824MLS Provider

305 S MONTGOMERY ST #508Portland, OR 97201

Condo · 3 Beds · 2 Full Baths · 1 Partial Bath · 2,720 Sq. ft.
$795,000 Active

305 S MONTGOMERY ST #508 Overview

Time on Site:
121 days
Visits:
34

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.

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305 S MONTGOMERY ST #508 Facts & Features

  • Type Condo
  • Sq. ft. 2,720
  • Price/Sq.ft. $292

Details

General

Association/HOA

  • Association Amenities: Commons,Exterior Maintenance,Insurance,Maintenance Grounds,Management,Sewer,Trash,Water
  • Association Fee: 2926.0
  • Association Fee Frequency: Monthly

School Information

  • Elementary School: Ainsworth
  • Middle Or Junior School: West Sylvan
  • High School: Lincoln

Building Information

  • Year Built: 1986

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills
  • Subdivision Name: RIVERPLACE CONDOMINIUMS

Tax Information

  • Tax Annual Amount: 8125.23
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Owner Will Carry
  • Parcel Number: R256554
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 4.0

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Partial: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 2720.0

General Information

  • Accessibility Features: Main Floor Bedroom w/Bath,One Level,Walk-in Shower
  • Appliances: Appliance Garage,Built-in Refrigerator,Dishwasher,Gas Appliances,Pantry,Range Hood,Tile
  • Basement: None
  • Cooling: Central Air
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Foundation Details: Slab
  • Heating: Forced Air
  • Interior Features: Hardwood Floors,Sound System,Vaulted Ceiling(s),Wall to Wall Carpet,Water Purifier
  • Security Features: Entry
  • Stories: 1
  • Stories Total: 5
  • Window Features: Double Pane Windows

Unit Information

  • Unit Number: 508

Exterior

Parking Information

  • Parking Features: Secured
  • Parking Total: 4.0

Lot Information

  • Lot Features: Trees
  • Road Surface Type: Paved
  • Water Source: Public Water

Waterfront/View

  • Waterfront Features: River Front

Building Exterior/Construction

  • Architectural Style: Traditional
  • Roof: Flat

General Information

  • Exterior Features: Covered Deck,Deck
  • Sewer: Public Sewer

305 S MONTGOMERY ST #508 Neighborhood

Community

97201 (Portland) Demographics

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

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

305 S MONTGOMERY ST #508 Monthly Cost

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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.

305 S MONTGOMERY ST #508 Market Data

Based on the last 30 days in this zip code

$821,535
Average List Price
$376
Average Price per Square Foot
18
Properties Sold
149
Average Days on Market
161
Properties for Sale
Calculations provided by Reliance Network

305 S MONTGOMERY ST #508 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