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.
Listed By
Agency Name: Harnish Company Realtors
Agency Contact: harnish@harnishproperties.com
Shown By
Agent Name: Angelee Wray, Principal Broker
Agent Phone: (541) 325-2950
Agency Title: Bend Premier Real Estate
Estimated Payment
$ 15,681.04 per month $12,616.08 Principal & Interest $2,337.25 Property Tax $727.71 Homeowner's InsuranceSend an email with a link to
701 Terrace Dr, Lake Oswego, OR 97034.
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701 Terrace Dr | MLS# 663841569
This single family home located at 701 Terrace Dr, Lake Oswego, OR 97034 is currently listed for sale with an asking price of $2,495,000. This property was built in 1969 and has 4 bedrooms and 4 full and 1 partial baths with 3852 sq. ft. Terrace Dr is located in the Mcvey Southshore subdivision. Search Mcvey Southshore real estate on angeleewray.bendpremierrealestate.com today.