Price Reduction - Waterfront
Address
16755 Graef Cir, Lake Oswego, OR
Price
$ 3,495,000
Property Attributes
- MLS#657433777
- TypeSingle Family
- Listing Status Active
- CountyCLACKAMAS
- CityLake Oswego
- Area147
- NeighborhoodWest Bay
- Zip97035
- StyleTraditional
- Year Built1930
- Taxes$ 27491
- Price$ 3,495,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4781
Data Source:
Regional Multiple Listing Service (RMLSOR)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Westridge Elementary School | Lakeridge Middle School | Lakeridge High School |
| Price History | |
|---|---|
| 8/15/2026 | Listed $3,600,000 |
| 9/8/2026 | 3$3,495,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | ForcedAir |
| Cooling | CentralAir,HeatPump |
| Roof | Shake |
| Appliances | BuiltinRange,ButlersPantry,Cooktop,Disposal,FreeStandingRefrigerator,GasAppliances,Granite,InstantHotWater,Microwave,Pantry,RangeHood,StainlessSteelAppliance |
| HOA Fee | 3750.0 |
| Garage Spaces | 2.0 |
| Architectural Style | Traditional |
| Year Built | 1930 |
| Stories Count | 3 |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2025 |
| Parcel Number | 00244042 |
| Waterfront Features | Lake |
| Accessibility | AccessibleEntrance,GarageonMain,Parking |
| Assoc Fee Paid Per | Annually |
| County | Clackamas |
| Property Type | Residential |
| HOA | Yes |
| Subdivision Name | West Bay |
| Full Baths | 4 |
| Status | Active |
| Directions | Southshore Blvd & Graef Circle. |
| High School | Lakeridge |
| City | LakeOswego |
| Body of Water | Lake Oswego |
| Disclosures | Disclosure |
| MLS Area | _147 |
| Listing Terms | Cash,Conventional |
| Elementary School | Westridge |
| Tax Annual Amount | 27491.92 |
| Middle/Junior High School | Lakeridge |
| Property Condition | UpdatedRemodeled |
| Virtual Tour | https://my.matterport.com/show/?m=81gCf2PfaNW |
| Standard Status | Active |
| TaxOtherAnnualAssessmentAmount | 7500.0 |
| Accessory Dwelling Unit Y/N | No |
| ViewDescription | Lake |
| Legal Description | 447 LAKE VIEW VILLAS #5 LTS 517&518 |
| SeniorCommunityYn | False |
| ADU | False |
Interior Features
| Interior Amenities | Granite,HardwoodFloors,HeatedTileFloor,Skylight,TileFloor,VaultedCeiling,WalltoWallCarpet,WasherDryer |
|---|---|
| Basement | Daylight,ExteriorEntry,Finished |
| Total Fireplaces | 2 |
| Fireplace Features | Gas,WoodBurning |
| Hot Water | Gas |
| Window Features | DoublePaneWindows |
| Total Bathrooms | 4.0 |
| FuelDescription | Electricity,Gas |
| Total Bedrooms | 5 |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | BoatHouse,Deck,Dock,Outbuilding,RaisedBeds,RVBoatStorage,Sprinkler,Yard |
|---|---|
| Parking Features | Driveway,OnStreet |
| Lot Features | GentleSloping |
| Water Source | PublicWater |
| Total Parking | 2.0 |
| Garage Type | Attached |
| Exterior Description | ShakeSiding |
| Foundation Details | ConcretePerimeter |
| Building Area Total | 4781.0 |
| Road Surface Type | Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97035
Price
Taxes
Year Built
Visits
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLSTM.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than Battle Ground are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 11, 2026 7:36 AM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
