408 RIDGEWAY RD
Lake Oswego, OR, 97034 $ 2,300,000
Bedrooms3 Baths4.0 Sq 4,074 Monthly Estimate*
$ 14,349
for $2,300,000 with 3 bedrooms and 4 full baths. This 4,074 square foot home was built in 1935 on a lot size of 0.32.
This stunning lakefront home offers breathtaking views and direct lake access, ideally located in a quiet "no wake" zone for peaceful waterfront living. The back of the home is elevated above the lake, creating an impressive panoramic view. Step outside to your private, newer upper deck and follow the steps down to your private newer dock, perfect for enjoying the lake up close. The beautifully landscaped backyard, complete with lush grass, provides a serene, natural retreat on a spacious 0.32-acre lot.Situated in the highly desirable Lakewood neighborhood, this home offers convenient access to parks, cultural events, restaurants, and boutique shopping, all just minutes away.Inside, a dramatic wall of windows fills the spacious living room with natural light, perfectly framing the lake and surrounding views. The main house is all on one level and features an updated kitchen, three ensuite bedrooms, a dedicated office, and a separate bonus/media room.The lower level includes an updated, self-contained guest suite with its own private entrance, kitchen, bathroom, and laundry, ideal for extended family, guests, or a home office setup.An oversized three-car garage provides generous space, including multiple storage rooms for tools, equipment, or hobby needs. The expansive driveway offers ample parking for guests. Total square footage of the home includes guest quarters and storage areas at street level.Enjoy access to three lake easements for boating and water recreation. This is an ideal home to live in, remodel or rebuild. The possibilities for this desirable property and prime location are endless.
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FeaturesInteriorInterior Amenities GarageDoorOpener HardwoodFloors SeparateLivingQuartersApartmentAuxLivingUnit WalltoWallCarpet
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features Gas
Hot Water Gas
Window Features VinylFrames WoodFrames
Total Bathrooms 4.0
Total Bedrooms 3
Total Baths 4
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances Dishwasher Disposal DoubleOven Island Microwave Pantry SolidSurfaceCountertop StainlessSteelAppliance
Garage Spaces 3.0
Architectural Style Stories1
Year Built 1935
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2024
Parcel Number 00256083
Waterfront Features Lake
County Clackamas
Property Type Residential
HOA N
Full Baths 4
Status Active
Directions HWY 43 to Middlecrest Rd to Fairmont to Ridgeway Rd.
High School Lakeridge
City LakeOswego
Body of Water Oswego Lake
Disclosures Disclosure
MLS Area _147
Lot Size Square Feet 13939.0
Listing Terms Cash Conventional
Elementary School Forest Hills
Tax Annual Amount 20131.09
Middle/Junior High School Lakeridge
Property Condition Resale
Virtual Tour https://vimeopro.com/user95921626/408-ridgeway-rd-lake-oswego
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 507 LAKEWOOD NO 1 PT LTS 41 42 & 251 ALSO PT VAC SHORE RD
ADU True
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ExteriorExterior Amenities Deck Dock Yard
Parking Features Driveway OnStreet
Lot Features Sloped
Water Source PublicWater
Total Parking 3.0
Garage Type Attached Oversized
Exterior Description Stone VinylSiding
Building Area Total 4074.0
Lot Size Acres 0.32
Road Surface Type Paved
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $14,349
- Monthly Property Taxes
- $1,678
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lake Oswego, OR
Average List Price $1,937,809
Percent of Sale Price 16%
About Lake Oswego, OR 38,782 Population
7% Since 2002
$ 95,347 Median Income
48 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
5299668 Elementary School
1950162 Middle School
Lakeridge High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/3/2025 | $2,300,000 | -6.12% | Price Down |
| 10/7/2025 | $2,450,000 | | Listed Price |