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701 TERRACE DR, Lake Oswego, OR 97034
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701 TERRACE DR, Lake Oswego, OR 97034
701 TERRACE DR, Lake Oswego, OR 97034
701 TERRACE DR, Lake Oswego, OR 97034
701 TERRACE DR, Lake Oswego, OR 97034
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Staci Drewien

Staci Drewien

+1(541) 840-8659
Listed by Harnish Company Realtors • harnish@harnishproperties.com
$ 2,895,000
Est. payment /mo
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701 TERRACE DR Lake Oswego, OR 97034

4 Beds

4.1 Baths

3,852 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,852 sqft

Price per Sqft $751

Subdivision Mcvey Southshore

MLS Listing ID 663841569

Style Traditional

Bedrooms 4

Full Baths 4

HOA Fees $2,985/ann

HOA Y/N Yes

Year Built 1969

Annual Tax Amount $28,046

Tax Year 2025

Lot Size 0.420 Acres

Property Sub-Type Single Family Residence

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.

Location

State OR

County Clackamas

Area _147

Rooms

Basement Crawl Space, Exterior Entry, Storage Space

Interior

Interior Features Air Cleaner, Ceiling Fan, Garage Door Opener, Hardwood Floors

Heating Forced Air

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Gas

Appliance 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

Exterior

Exterior Feature Boat House, Covered Patio, Deck, Dock, Fenced, Garden, Gas Hookup, Outbuilding, Sprinkler, Storm Door, Yard

Parking Features Attached

Garage Spaces 2.0

Waterfront Description Lake

View Lake

Roof Type Composition

Accessibility AccessibleFullBath, GarageonMain, MainFloorBedroomBath, UtilityRoomOnMain, WalkinShower

Garage Yes

Building

Lot Description Private, Sloped

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Hallinan

Middle Schools Lakeridge

High Schools Lakeridge

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

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Staci Drewien
Staci Drewien

Broker | License ID: 201221146

+1(541) 840-8659 | staci@drewien.com

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