701 Terrace Dr, Lake Oswego, OR 97034
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
701 Terrace Dr,Lakeoswego, OR 97034
$2,495,000
- 4 Beds
- 5 Baths
- 3,852 sq. ft.
- Single family
- Active
Listed by: justin harnish
Office: harnish company realtors503-699-8483
MLS#:663841569
Source:PORTLAND
Price summary
- Price:$2,495,000
- Price per sq. ft.:$647.72
- Monthly HOA dues:$248.75
About this home
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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Home facts
- Year built:1969
- Subdivision & Development:Mcvey Southshore
- Listing ID #:663841569
- Added:152 day(s) ago
- Updated:September 23, 2026 at 11:55 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Kitchen Description:Built In Oven, Convection Oven, Dishwasher, Disposal, Down Draft, Free Standing Refrigerator, Gas Appliances, Granite, Instant Hot Water, Microwave, Plumbed For Icemaker, Stainless Steel Appliance, Water Purifier
- Basement Description:Crawl Space, Exterior Entry, Storage Space
- Living area:3,852 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1969
- Building area:3,852 sq. ft.
- Lot area:0.42 Acres
- Lot Features:Private, Sloped
- Architectural Style:Traditional
- Exterior Features:Boat House, Covered Patio, Deck, Dock, Fenced, Garden, Gas Hookup, Outbuilding, Sprinkler, Storm Door, Yard
- Foundation Description:Concrete Perimeter
- Levels:2 Stories
Schools
- High school:Lakeridge
- Middle school:Lakeridge
- Elementary school:Hallinan
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,495,000
- Price per sq. ft.:$647.72
- Tax amount:$28,047 (2025)
Features and amenities
- Amenities:Ceiling Fan, Double Pane Window(s), Garage Door Opener, Hardwood Floors, Storm Windows
Parking
- Total parking spaces:2
- Parking description:Driveway
- Garage spaces:2
All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: September 23, 2026New listings near 701 Terrace Dr
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