701 TERRACE Dr, Lake Oswego, OR 97034

• 4 beds |
• 5 baths |
• 3,852 sqft

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.

Listing Status:

Active

Date Added:

April 23, 2026

Data Last Updated:

April 30, 2026 at 2:41PM

Listing Office:

Harnish Company Realtors : 503-699-8483

Listing Agent:

Justin Harnish : 503-699-8483

MLS ID:

663841569

Interior

• General: Air cleanerCeiling fanGarage door openerHardwood floors
• Appliances: Builtin ovenConvection ovenDishwasherDisposalDown draftFree standing refrigeratorGas appliancesGraniteInstant hot waterMicrowavePlumbed for ice makerStainless steel applianceWater purifier
• Basement: Crawl spaceExterior entryStorage space
• A/C: Central air
• Heating: Forced air
• Fireplace: GasFireplaceFireplaces: 2
• Disability Feature: Accessible full bathGarageon mainMain floor bedroom bathUtility room on mainWalkin shower

Exterior

• General: BrickCedarBoat houseCovered patioDeckDockFencedGardenGas hookupOutbuildingSprinklerStorm doorYard
• Style: Traditional
• Parking: DrivewayParking spaces: 2

Construction

• Roofing: Composition
• Windows: DoublePaneWindowsStormWindow
• General: Concrete perimeter

Location

• Road/Access: Paved
• HOA Amenities: Boat slipManagement2985.0Annually
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Clackamas

Lot

• Zoning: SECTION 09 TOWNSHIP 2S RANGE 1E QUARTER DA TAX LOT 0030000250542
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.