16755 GRAEF Cir, Lake Oswego, OR 97035

• 5 beds |
• 4 baths |
• 4,566 sqft

Property Description

Come enjoy one of the top 10 waterfronts on Lake Oswego! 3 owners in the past 96 years tells the story of this tasteful, updated home with stunning waterfront views from nearly every room. Spectacular estate-like feel on a spacious double lot (2 tax lots), with 160 feet of waterfront and coveted SW exposure for fabulous light and sun year round. Well designed floorplan with excellent separation of space, yet comfortable areas for entertaining and family living. Oak Hardwood flooring throughout the main level. Gorgeous kitchen designed by Rhonda Divers with honed granite counters and stainless Dacor appliances, panoramic lake views and adjacent patio for BBQ and outdoor dining. Comfortable family room is also on the main level with the kitchen. The large primary suite contains vaulted ceilings, an updated bathroom with quartz counters and heated flooring, a double headed walk-in shower and Victoria and Albert soaking tub. Spacious Primary closet has His/Hers sides, custom designed by California Closets. In addition to the three bedrooms upstairs, including the primary, there is a loft area for additional office/study space. The main floor room can be used as a 5th bedroom but is currently being used as formal office. Continue to the lower level with a bedroom, full bath and bonus room with Entertainment center, fireplace and built-ins all leading to expansive decking, hot tub, and steps to the lake. Nothing compares to the breathtaking yard with a large grass area, raised garden beds, and mature foliage. Amazing updated boathouse with lift, spacious covered waterfront entertaining area, board/kayak storage and dock. Garden room, shop and exceptional storage throughout. In addition, for those unexpected winter days, there is whole house Generac generator recently installed. Located on West Bay Lake Oswego, coveted for its close proximity to the main lake, serene no-wake zoning and spacious water area. Very private and quiet street location, with parking for 5 cars.

Listing Status:

Active

Date Added:

April 3, 2026

Data Last Updated:

April 30, 2026 at 5:40PM

Listing Office:

Cascade Hasson Sotheby's International Realty : 503-420-8650

Listing Agent:

John Nieland : 503-730-5055

MLS ID:

799857840

Interior

• General: Garage door openerGraniteHardwood floorsHeated tile floorLaundryTile floorVaulted ceilingWallto wall carpet
• Appliances: Builtin ovenCooktopDishwasherDisposalFree standing refrigeratorGas appliancesGraniteInstant hot waterMicrowavePantryPlumbed for ice makerRange hoodSolid surface countertopStainless steel appliance
• Basement: None
• A/C: Central airHeat pump
• Heating: Forced air
• Fireplace: GasWood burningFireplaceFireplaces: 2

Exterior

• General: Shake sidingBoat houseDeckDockOutbuildingRaised bedsSprinklerYard
• Style: Traditional
• Parking: DrivewayParking spaces: 2

Construction

• Roofing: Composition

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.