Open House 6/14 1pm - 3pm
725 CARRERA LN
Lake Oswego, OR, 97034 $ 1,500,000
Bedrooms5 Baths3.0 Sq 3,780 Monthly Estimate*
$ 9,236
for $1,500,000 with 5 bedrooms and 3 full baths. This 3,780 square foot home was built in 1981 on a lot size of 0.67.
Exceptional opportunity in the coveted Forest Highlands neighborhood! This 5-bedroom (master on the main), 3-bathroom, three-level residence offers refined comfort on .67 of an acre, timeless design, and generous indoor-outdoor living. This is a well established neighborhood with longtime residents...homes don't come available too often. While this home has been updated in the last 20 years...the opportunity to re-imagine the space is an incredible opportunity! The main floor welcomes you with soaring vaulted ceilings & abundant natural light, floating staircase and a layout built for entertaining! The spacious kitchen is designed for both everyday living and effortless entertaining, featuring a large island, extensive counter space, and plentiful cabinetry, with a dedicated dining room just off the kitchen. The luxurious primary suitenon the main level, serves as a private retreat, complete with a spa-inspired en suite bath designed for relaxation & rejuvenation. Additional bedrooms provide flexibility for guests, home office needs, or multi-generational living, while a versatile flex/bonus room adapts beautifully as a media room, gym, or creative space. The lower level features a huge second living area anchored by a vaulted wet bar and a cozy fireplace, perfect for movie nights or quiet evenings in. Outdoors, the expansive grounds offer room to roam and unwind with a play set, fire pit area, and ample space to enjoy the privacy and possibilities that come with over a 1/2 acre in Lake Oswego. Lake oswego high school, culdesac privacy, and a home with just under 4000sqft offers endless updating possibilities. Assessed at over $2mm!
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Open House
6/14/2026 1:00 PM - 3:00 PM
725 CARRERA LN Lake Oswego, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities Floor3rd AirCleaner EngineeredHardwood GarageDoorOpener HighCeilings JettedTub Laundry TileFloor VaultedCeiling WalltoWallCarpet
Basement FullBasement
Total Fireplaces 2
Fireplace Features WoodBurning
Hot Water Gas
Window Features VinylFrames
Total Bathrooms 3.0
Total Bedrooms 5
Total Baths 3
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances BuiltinOven BuiltinRange CookIsland Cooktop Dishwasher Disposal DownDraft Granite InstantHotWater Island Microwave PlumbedForIceMaker Tile
Garage Spaces 2.0
Architectural Style NWContemporary
Year Built 1981
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 00200473
Accessibility GarageonMain MainFloorBedroomBath WalkinShower
County Clackamas
Property Type Residential
HOA N
Full Baths 3
Status Active
Directions From Kruse Way S on Carman Dr L on Carrera Ln to property.
High School Lake Oswego
City LakeOswego
Disclosures Disclosure
MLS Area _147
Lot Size Square Feet 29185.0
Listing Terms Cash Conventional
Elementary School Forest Hills
Tax Annual Amount 17090.64
Middle/Junior High School Lake Oswego
Property Condition UpdatedRemodeled
Virtual Tour https://mls.ricoh360.com/9957edb5-f4af-4221-9629-98cd8ccc476d
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 2341 COUNTRY COMMONS LT 14 BLK 4
ADU False
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ExteriorExterior Amenities CrossFenced Deck Fenced FirePit Garden Outbuilding Patio Porch Sprinkler ToolShed Yard
Parking Features Driveway OnStreet
Lot Features GreenBelt Private Trees
Water Source PublicWater
Total Parking 2.0
Garage Type Oversized
Exterior Description Cedar
Foundation Details Slab
Building Area Total 3780.0
Lot Size Acres 0.67
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $9,236
- Monthly Property Taxes
- $1,424
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $1,971,594
Percent of Sale Price 31%
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.
1949129 Elementary School
1948939 Middle School
Lake Oswego High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/6/2026 | $1,500,000 | -6.24% | Price Down |
| 3/26/2026 | $1,599,900 | -3.04% | Price Down |
| 2/27/2026 | $1,650,000 | | Listed Price |