Home US The ostentatious 1990s Portland mansion, located on a 40-acre estate, becomes the city’s most expensive home after being put up for sale by the owner of developer Ritz-Carlton for $15 million.

The ostentatious 1990s Portland mansion, located on a 40-acre estate, becomes the city’s most expensive home after being put up for sale by the owner of developer Ritz-Carlton for $15 million.

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The ostentatious 1990s Portland mansion, located on a 40-acre estate, becomes the city's most expensive home after being put up for sale by the owner of developer Ritz-Carlton for $15 million.

Portland’s most expensive mansion has been privately listed for $15 million.

Walter Bowen, the developer of the new Ritz Carlton hotel and residential tower in downtown Portland, has put his 40-acre property near Forest Park up for sale.

Bowen’s English Tudor mansion, known as English Oak Estate, is the most expensive residential property for sale in Portland. The 16,828-square-foot home is located on a 120-acre development shared by three homeowners.

The second-place property in terms of price is the Tahoma penthouse at the Ritz-Carlton with an asking price of $8,999,000.

The developer purchased the Tudor Revival mansion in 1993. The four-level brick home features Ipe hardwood floors, marble-topped fireplaces, seven bedrooms, nine bathrooms and three powder rooms. Additional features include a tower, slate roof, home theater, guest apartment and fly fishing workshop.

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Portland’s most expensive mansion goes public for $15 million

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Walter Bowen, the developer of the new Ritz Carlton hotel and residential tower in downtown Portland, has privately listed his 40-acre property.

The ostentatious 1990s Portland mansion located on a 40 acre estate

The ostentatious 1990s Portland mansion located on a 40 acre estate

The mansion has seven bedrooms, nine bathrooms and three powder rooms.

The lower level game room has a full bar with refrigerator, sink, stove and dishwasher.

The lower level game room has a full wet bar with refrigerator, sink, stove and dishwasher.

The lower level game room has a full bar with refrigerator, sink, stove and dishwasher.

The home, which was completed in 1996, hired Soderstrom Architects to design a home inspired by “the romance of the English countryside,” according to the property description.

The formal living room has beamed ceilings while the dining room has a trio of French doors leading to the gardens.

The 432-square-foot kitchen is designed to accommodate large gatherings with a walk-in pantry and prep kitchen. The kitchen features stainless steel appliances and a temperature-controlled wine cellar.

To reach the two-bedroom master suite, you have the option of ascending the grand staircase with wrought iron balusters or the wood-paneled elevator.

The suite includes three walk-in closets, one with special storage for ties, as well as a corner office, wet bar and balcony.

The lower level game room has a full bar with refrigerator, sink, stove and dishwasher.

Outside, the pool, jacuzzi and waterfall overlook the horseshoe-shaped rose garden.

The suite includes three walk-in closets, one with special storage for ties, as well as a corner office, wet bar and balcony.

The suite includes three walk-in closets, one with special storage for ties, as well as a corner office, wet bar and balcony.

The suite includes three walk-in closets, one with special storage for ties, as well as a corner office, wet bar and balcony.

The 432-square-foot kitchen is designed to accommodate large gatherings with a walk-in pantry and prep kitchen.

The 432-square-foot kitchen is designed to accommodate large gatherings with a walk-in pantry and prep kitchen.

The 432 square foot kitchen is ready to handle large gatherings with a walk-in pantry and prep kitchen.

The lower level game room has a full bar with refrigerator, sink, stove and dishwasher.

The lower level game room has a full bar with refrigerator, sink, stove and dishwasher.

The lower level game room has a full bar with refrigerator, sink, stove and dishwasher.

Additional features include a tower, slate roof, home theater, guest apartment and fly fishing workshop.

Additional features include a tower, slate roof, home theater, guest apartment and fly fishing workshop.

Additional features include a tower, slate roof, home theater, guest apartment and fly fishing workshop.

There are eight home theater seats in front of the projector screen.

There are eight home theater seats in front of the projector screen.

There are eight home theater seats in front of the projector screen.

The pool overlooks the gardens.

The pool overlooks the gardens.

The pool overlooks the gardens.

The four-level brick home features Ipe hardwood floors, marble-topped fireplaces, seven bedrooms, nine bathrooms and three powder rooms.

The four-level brick home features Ipe hardwood floors, marble-topped fireplaces, seven bedrooms, nine bathrooms and three powder rooms.

The four-level brick home features Ipe hardwood floors, marble-topped fireplaces, seven bedrooms, nine bathrooms and three powder rooms.

The two garages have capacity for six cars, while the parking located outside the motor court has capacity for a further 20 vehicles.

Terry Sprague of LUXE Forbes Global Properties listed the property for sale. He said OregonLive that the craftsmanship, from the lamps to the hand-painted murals, emulates the style of a luxury home from a hundred years ago.

“For someone looking for privacy and security and who really understands a heritage-style property, this is one of the most beautiful properties of its kind in the country and unique to Portland,” Sprague said.

Property taxes on the mansion are around $89,000 a year.

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