16755 GRAEF CIR
Lake Oswego, OR, 97035 $ 4,000,000
Bedrooms5 Baths4.0 Sq 4,566 Monthly Estimate*
$ 24,629
for $4,000,000 with 5 bedrooms and 4 full baths. This 4,566 square foot home was built in 1930.
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.
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FeaturesInteriorInterior Amenities GarageDoorOpener Granite HardwoodFloors HeatedTileFloor Laundry TileFloor VaultedCeiling WalltoWallCarpet
Basement None
Total Fireplaces 2
Fireplace Features Gas WoodBurning
Hot Water Gas
Total Bathrooms 4.0
Total Bedrooms 5
Total Baths 4
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir HeatPump
Roof Composition
Appliances BuiltinOven Cooktop Dishwasher Disposal FreeStandingRefrigerator GasAppliances Granite InstantHotWater Microwave Pantry PlumbedForIceMaker RangeHood SolidSurfaceCountertop 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
HOA Fee 2 7500.0
Assoc Fee Paid Per Annually
County Clackamas
Property Type Residential
HOA Y
Subdivision Name West Bay/Lake Oswego
Full Baths 4
Status Active
Directions Southshore to Graef Circle
High School Lakeridge
City LakeOswego
Body of Water Lake Oswego
Disclosures Disclosure
MLS Area _147
Listing Terms Cash Conventional
HOA Fee 2 Frequency OneTime
Elementary School Westridge
Tax Annual Amount 27491.92
Middle/Junior High School Lakeridge
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 447 LAKE VIEW VILLAS #5 LTS 517&518
ADU False
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ExteriorExterior Amenities BoatHouse Deck Dock Outbuilding RaisedBeds Sprinkler Yard
Parking Features Driveway
Lot Features GentleSloping Level
Water Source PublicWater
Total Parking 2.0
Garage Type Attached Oversized
Exterior Description ShakeSiding
Building Area Total 4566.0
Road Surface Type Paved
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* Excluded FeaturesList ByCascade Hasson Sotheby's International RealtyBroker
john@nielandhomes.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $24,629
- Monthly Property Taxes
- $2,291
- 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 $1,985,878
Percent of Sale Price 50%
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.
1950193 Elementary School
1950162 Middle School
Lakeridge High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/3/2026 | $4,000,000 | | Listed Price |