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701 Terrace Dr

Lake Oswego, OR 97034
  • $2,895,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 663841569
UPDATED: 18 min ago
$2,895,000
  • 4
    BEDS
  • 0.42
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 3,852
    SQFT
  • $752
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1969
County:

School Information

Elementary School:
Middle School:
High School:

Description

Set on a private 0.42-acre lot in Lake Oswego’s coveted Palisades neighborhood, this lakefront traditional offers sweeping Oswego Lake views and exceptional indoor-outdoor living. The 3,852-square-foot home features vaulted ceilings, sunken living room, formal dining, and an open kitchen / great room that flows seamlessly to outdoor entertaining spaces through French doors. A standout feature is the recently rebuilt private boathouse with an expansive rooftop deck complemented with a dock, boat lift, landscaped grounds, and irrigation supported by deeded water rights—an ideal setting for lakeside gatherings as bald eagles and herons pass overhead.The upper-level primary suite includes a sitting area, dual walk-in closets, and a well-appointed bath. Three large additional bedrooms and a dedicated office offer custom built-ins and generous space.Other recent capital improvements are dual HVAC systems, water heaters, and a whole-house generator, providing year-round comfort and reliability. Additional features include a large two-car garage and security system. With access to top-rated Lake Oswego schools, this is a rare opportunity to own a true legacy waterfront property.

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Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ladd Group, Cascade Sotheby's International Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-05-13T14:49:48.427.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Ladd Group, Cascade Sotheby's International Realty and should be independently verified.
www.bendpropertysource.com/homes/175743617
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701 Terrace Dr Lake Oswego, OR 97034

  • Price: $2,895,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 18 min ago
  • MLS #: 663841569
4
Beds
4
Baths
1
½ Baths
0.42
Acres
3,852
SQFT
$752
$/SQFT
1969
Built
Neighborhood:
Mcvey Southshore
County:
Clackamas
Area:
147-Lake Oswego/West Linn
Elementary School:
Hallinan
Middle School:
Lakeridge
High School:
Lakeridge
Property Description
Set on a private 0.42-acre lot in Lake Oswego’s coveted Palisades neighborhood, this lakefront traditional offers sweeping Oswego Lake views and exceptional indoor-outdoor living. The 3,852-square-foot home features vaulted ceilings, sunken living room, formal dining, and an open kitchen / great room that flows seamlessly to outdoor entertaining spaces through French doors. A standout feature is the recently rebuilt private boathouse with an expansive rooftop deck complemented with a dock, boat lift, landscaped grounds, and irrigation supported by deeded water rights—an ideal setting for lakeside gatherings as bald eagles and herons pass overhead.The upper-level primary suite includes a sitting area, dual walk-in closets, and a well-appointed bath. Three large additional bedrooms and a dedicated office offer custom built-ins and generous space.Other recent capital improvements are dual HVAC systems, water heaters, and a whole-house generator, providing year-round comfort and reliability. Additional features include a large two-car garage and security system. With access to top-rated Lake Oswego schools, this is a rare opportunity to own a true legacy waterfront property.
Exterior Features

Architectural Style Traditional Attached Garage YN Yes Exterior Description Brick Cedar Exterior Features Boat House Covered Patio Deck Dock Fenced Garden Gas Hookup Outbuilding Sprinkler Storm Door Yard Foundation Details Concrete Perimeter Garage Type Attached Lot Features Private Sloped Parking Features Driveway Parking Total 2 Road Surface Type Paved Roof Composition View Description Lake View YN Yes Water Body Name Oswego Lake Waterfront Features Lake Waterfront YN Yes

Interior Features

Additional Room Description Den Additional Room Level Upper Additional Room2 Description _4th Bedroom Additional Room2 Level Main Additional Room3 Description Laundry Additional Room3 Level Main Appliances Builtin Oven Convection Oven Dishwasher Disposal Down Draft Free Standing Refrigerator Gas Appliances Granite Instant Hot Water Microwave Plumbed For Ice Maker Stainless Steel Appliance Water Purifier Basement Crawl Space Exterior Entry Storage Space Bathrooms Full Lower Level 0 Bathrooms Full Main Level 1 Bathrooms Full Upper Level 3 Bathrooms Partial Lower Level 0 Bathrooms Partial Main Level 1 Bathrooms Partial Upper Level 0 Cooling Central Air Cooling YN Yes Dining Room Features Bay Window Builtin Features Formal Hardwood Floors Dining Room Level Main Family Room Features Bookcases Builtin Features Fireplace Family Room Level Main Fireplace Features Gas Fireplace YN Yes Fireplaces Total 2 Heating Forced Air Heating YN Yes Interior Features Air Cleaner Ceiling Fan Garage Door Opener Hardwood Floors Kitchen Features Deck Eat Bar French Doors Gourmet Kitchen Hardwood Floors Kitchen Features Cont Granite Kitchen11 Level Main Living Room Features Fireplace Living Room Features Cont Sunken Vaulted Ceiling Living Room Level Main Lower Level Area Total 0 Main Level Area Total 2054 Primary Bedroom Features Cont Double Closet Double Sinks Jetted Tub Suite Walkin Closet Primary Bedroom Level Upper Second Bedroom Features Builtin Features Second Bedroom Features Cont Walkin Closet Second Bedroom Level Upper Third Bedroom Features Bay Window Third Bedroom Features Cont Walkin Closet Third Bedroom Level Upper Upper Level Area Total 1798 Window Features Double Pane Windows Storm Window

Property Features

Accessibility Features Accessible Full Bath Garageon Main Main Floor Bedroom Bath Utility Room On Main Walkin Shower Accessibility YN Yes Association Amenities Boat Slip Management Association Fee 2985 Association Fee Frequency Annually Association Fee2 7500 Association Fee2 Frequency One Time Association YN Yes Bank Owned YN No Farm YN No Fuel Description Electricity Gas Green Certification YN No Home Warranty YN No Hot Water Description Electricity Gas IDXAddress Display YN Yes Internet Service Type Cable Listing Terms Cash Conventional New Construction YN No Property Attached YN No Property Condition Resale Property Sub Type Single Family Residence Security Features Security System Owned Senior Community YN No Sewer Public Sewer Short Sale YN No Tax Annual Amount 28046.7 Tax Year 2025 Water Source Public Water

Listing provided courtesy of Harnish Company Realtors: harnish@harnishproperties.com.


Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ladd Group, Cascade Sotheby's International Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-05-13T14:49:48.427.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Ladd Group, Cascade Sotheby's International Realty and should be independently verified.
 
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Ladd Group, Cascade Sotheby's International Realty
650 SW Bond St, Suite 100
Bend OR, 97702