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550 SW 10th Ave #3003, Portland, OR, 97205

1beds
2baths
1,165sqft
$1,300,000
$1,116price/sqft
$8,161/moest. monthly cost
$326,440/yrincome needed

About This Home

Imagine living in your Ritz-Carlton Residence and connecting to the most creative community of influencers locally and globally. The gateway to the very best of Northwest living invites indulgence in unparalleled amenities including an exclusive Owners' Lounge with outdoor terrace as well as access to the Olympic-level fitness facility, luxury spa and premium dining on the 20th floor. Enjoy dedicated entry and high-speed elevators and 24-hour concierge service.

Getting Around

100
WalkingWalker's Paradise
94
TransitRider's Paradise
93
BikeBiker's Paradise

Schools

5/10
5/10
8/10
Lincoln High SchoolGrades 9-120.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2024

Materials

  • Foundation: Concrete Perimeter
  • Roof: Other
  • Construction materials: Other

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary,Custom Style
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Built-In Refrigerator,Convection Oven,Cooktop,Dishwasher,Double Oven,Gas Appliances,Microwave,Range Hood,Stainless Steel Appliance(s),Wine Cooler,Washer/Dryer,Built In Oven,ENERGY STAR Qualified Water Heater,Other Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • Partial bathrooms: 1
  • Main level bathrooms: 2

Features

  • High Ceilings,Marble,Quartz,Kitchen Island,Balcony,Built-in Features,Double Vanity,Soaking Tub,Walkin Shower
  • Window features: Double Pane Windows
  • Flooring: Engineered Hardwood,Tile,Wall to Wall Carpet,Wood,Hardwood

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,165
  • Total interior livable area: 1,165 sqft

Kitchen

  • Features: Builtin Refrigerator, Dishwasher, Island,Builtin Oven
  • Level: Main
  • Area: 182

Living Room

  • Features: Balcony, Hardwood Floors
  • Level: Main
  • Area: 266

Master Bedroom

  • Features: Builtin Features,Double Sinks, Ensuite, Soaking Tub, Walkin Shower, Wallto Wall Carpet
  • Level: Main
  • Area: 224

Property

Accessibility

  • Accessibility features: Accessible Doors,Accessible Elevator Installed,Accessible Entrance,Accessible Hallway,Builtin Lighting,Garage On Main,Main Floor Bedroom Bath,Minimal Steps,Natural Lighting,One Level,Accessibility

Details

  • Parcel number: R724070

Features

  • Stories: 1
  • Entry location: Upper Floor
  • Private pool: Yes
  • Patio & porch: Deck,Patio
  • Exterior features: Built-in Barbecue,Fire Pit,Garden,On Site Storm water Management,Balcony
  • Spa features: Association
  • Has view: Yes
  • View description: City,Mountain(s)

Parking

  • Total spaces: 1
  • Parking features: Deeded,Condo Garage (Deeded),Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,573$78,876
Home Insurance *$307$3,684
Property Taxes $1,105$13,260
Electricity $176$2,119
Total$8,161$97,932
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$279,805/yr
40% on housing$244,830/yr
45% on housing$217,626/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,116This listing

vs Other Active Listings

Avg $/sqft

ZIP 97205$310
Multnomah County$243

vs Homes Sold Last Month

Median $/sqft

ZIP 97205$337
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-20Listed for sale$1,300,000
2024-01-19Sold$1,100,000
2023-01-06Pending sale$1,335,000

For Sale by Agent

AgentTerry Sprague
BrokerageLUXE Forbes Global Properties

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