701 Terrace Dr

Lake Oswego, OR 97034
  • $2,495,000

    Price
  • 4

    Bed
  • 4.5

    Bath
  • 3,852

    SqFt
  • 0.42

    Acre

About the Listing HACR01 - HARNISH

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 Highlights for 701 Terrace Dr

Status Active
Days on Site 177
Property Type Residential
MLS ® 663841569
Year Built 1969
Total Square Footage 3,852
Lot/Acreage 0.42
County Clackamas
Neighborhood Mcvey Southshore
HOA Dues 2985/Annually
Elementary School Hallinan
Middle School Lakeridge
High School Lakeridge

Interior Details

  • Bedrooms: 4
  • Bathrooms: 4 Full / 1 Half
  • Appliances: Built-in Oven, Convection Oven, Dishwasher, Disposal, Down Draft, Free-Standing Refrigerator, Gas Appliances, Granite, Instant Hot Water, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s), Water Purifier
  • Air Cond: Central Air
  • Heating: Forced Air
  • Fireplaces: 2, Gas
  • Floor:
  • Basement: Crawl Space,Exterior Entry,Storage Space
  • Other: Air Cleaner,Ceiling Fan(s),Garage Door Opener,Hardwood Floors
  • Water: Public Water

Exterior Details

  • Lot Description: Private,Sloped,Lake
  • Garage Capacity: 2 car
  • Parking Spaces: 2
  • Roof: Composition
  • Others: Boat House,Covered Patio,Deck,Dock,Fenced,Garden,Gas Hookup,Outbuilding,Sprinkler,Storm Door(s),Yard,Resale
  • Sewer: Public Sewer
  • Parking Features: Attached,Driveway

Financial Details

  • Tax Amount: $28,047
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 00250542
  • Tax Year: N/A

Payment Calculator

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Listing Location

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701 Terrace Dr Lake Oswego, OR 97034

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Originating MLS: Regional Multiple Listing Service, Inc.

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