16755 GRAEF Cir, Lake Oswego, OR 97035

• 5 beds |
• 4 baths |
• 4,781 sqft

Property Description

A rare opportunity to own one of Lake Oswego's most coveted waterfront properties. Set on a double lot with approximately 160 feet of West Bay shoreline, this estate blends classic architecture with thoughtful modern updates, offering indoor-outdoor living, panoramic sunset views over the lake, and a peaceful waterfront lifestyle.Features include hardwood floors throughout the main level. The designer kitchen with SW facing windows has honed granite counters & Dacor appliances, adjacent covered patio for tranquil outdoordining. Next to the kitchen is the family room also with sweeping views. Upstairs, the large primary suite contains vaulted ceilings, a gorgeous bathroom has quartz countertops and heated floors, a two head walk-in shower and Victoria and Albert soakingtub. Two roomy primary closets are outfitted with California closets organizers. Between the primary and the two additional upstairs bedrooms is a multi-person study loft. The main floor office could be a 5th bedroom. The lower level includes a bedroom, full bath and bonus room with abundant built-ins, fireplace and access to the large deck across the entire back of the house. There is also a hot tub, and easy access to the lake. Taken together the house, deck, garden, yard and boathouse are incredible for events of all sizes. Property is irrigated with lake water. Don't miss the photos of the garden and sunset. Don't miss the updated boat house with lift, kayak storage, dock, and covered relaxation area. Abundant storage throughout. Ideally located on the "no wake" West Bay of Lake Oswego with easy access to the main lake. Parking for 5 cars. Whole house Generac generator installed in 2024.

Listing Status:

Active

Date Added:

August 14, 2026

Data Last Updated:

October 21, 2026 at 2:41AM

Listing Office:

Spears Property Group : 503-522-8269

Listing Agent:

Ward Spears : 503-522-8269

MLS ID:

657433777

Interior

• General: GraniteHardwood floorsHeated tile floorSkylightTile floorVaulted ceilingWallto wall carpetWasher dryer
• Appliances: Builtin rangeButlers pantryCooktopDisposalFree standing refrigeratorGas appliancesGraniteInstant hot waterMicrowavePantryRange hoodStainless steel appliance
• Basement: DaylightExterior entryFinished
• A/C: Central airHeat pump
• Heating: Forced air
• Fireplace: GasWood burningFireplaceFireplaces: 2
• Disability Feature: Accessible entranceGarageon mainParking

Exterior

• General: Shake sidingBoat houseDeckDockOutbuildingRaised bedsRv boat storageSprinklerYard
• Style: Traditional
• Parking: DrivewayOn streetParking spaces: 2

Construction

• Roofing: Shake
• Windows: DoublePaneWindows
• General: Concrete perimeter

Location

• Road/Access: Paved
• HOA Amenities: 3750.0Annually
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Clackamas

Lot

• Zoning: 447 LAKE VIEW VILLAS #5 LTS 517&51800244042
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.