843 TERRACE DR Lake Oswego, OR $ 5,000,000
843 TERRACE DR
$ 5,000,000
Recently Listed New Construction
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843 TERRACE DR

Lake Oswego, OR, 97034
$ 5,000,000
Bedrooms4 Baths4.2 Sq 5,907

Monthly Estimate*

$ 30,786

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Single Family Home for sale in Lake Oswego, OR

for $5,000,000 with 4 bedrooms and 4 full baths, 2 half baths. This 5,907 square foot home was built in 2026 on a lot size of 0.41.

Stillwater Vista by TimberRidge Development - A Private Lake Oswego Retreat Above the Water Commanding a premier vantage above Oswego Lake. Stillwater Vista is a rare expression of architectural elegance and effortless lakefront living. Selected for the 2026 Street of Dreams Home Builder Showcase, this residence showcases an exceptional level of design, craftsmanship, and innovation in one of Lake Oswego’s most coveted settings. A dramatic great room features 20-foot vaulted ceilings, statement lighting, and a sculptural fireplace, while walls of glass frame serene lake views and open to a vaulted, covered upper terrace with a striking stone fireplace, integrated heating, and outdoor entertaining spaces. The kitchen is both a showpiece and a professional workspace, defined by exposed beam ceilings, a 12-foot island, side-by-side Sub-Zero refrigeration, and a 60-inch Wolf range, complemented by custom inset cabinetry and a fully equipped scullery. An indoor-outdoor bar enhances seamless entertaining. The main-level primary suite offers 17-foot vaulted ceilings, tranquil water views, and a spa-inspired bath with heated floors, slab marble, a soaking tub, and a custom dressing room with island and integrated laundry. The lower level is designed for leisure, featuring a lounge with fireplace, glass-enclosed wine cellar, fitness studio with sauna, and access to a covered lakeside terrace with hot tub and media setup. Residents enjoy access to Oswego Lake via a private neighborhood tram to a dedicated boat slip—an increasingly rare amenity completing this exceptional offering. Stillwater Vista is a showcase, a retreat, and a legacy property designed to be experienced. Estimated completion 7/20/2026.

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Single Family Active

Price

$ 5,000,000

Bedrooms

4

Full Bath

4

Half Bath

2

Property Type

Single Family

Taxes

$ 12,979

Style

CustomStyle,Traditional

Lot Size

0.41

Year Built

2026

Town/City

Lake Oswego

County/Region

Clackamas

MLS | Web ID

561633719

Features
Interior
Interior Amenities GarageDoorOpener HighCeilings Laundry Skylight SoakingTub VaultedCeiling
Basement Daylight Finished FullBasement
Total Fireplaces 3
Fireplace Features Gas
Hot Water Gas
Window Features DoublePaneWindows TriplePaneWindows
Total Bathrooms 4.2
Total Bedrooms 4
Total Baths 6
1/2 Baths 2
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General
Sewer PublicSewer
Heating ENERGYSTARQualifiedEquipment ForcedAir90 HeatPump
Cooling EnergyStarAirConditioning
Roof Composition Metal
Appliances BuiltinOven BuiltinRefrigerator ButlersPantry Dishwasher Disposal DoubleOven FreeStandingRange Island Pantry RangeHood
HOA Fee 2500.0
Garage Spaces 3.0
Architectural Style CustomStyle Traditional
Year Built 2026
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 01503572
Waterfront Features Lake
Accessibility GarageonMain MainFloorBedroomBath MinimalSteps NaturalLighting WalkinShower
HOA Fee 2 3045.0
Assoc Fee Paid Per Annually
County Clackamas
Property Type Residential
Association Amenities BoatSlip LakeEasement
HOA Y
Subdivision Name PALISADES TERRACE
Full Baths 4
Status Active
Directions South Shore Blvd to Palisades Terrace Drive to Terrace Drive
High School Lakeridge
City LakeOswego
Disclosures Exempt
MLS Area _147
Lot Size Square Feet 17859.0
Listing Terms Cash Conventional
HOA Fee 2 Frequency Annually
Elementary School Hallinan
Tax Annual Amount 12979.66
Middle/Junior High School Lakeridge
Property Condition UnderConstruction
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 2972 THE TERRACE LT 10
ADU False
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Exterior
Exterior Amenities BuiltinBarbecue CoveredDeck Deck FirePit OutdoorFireplace Yard
Parking Features Driveway OnStreet
Lot Features Bluff Sloped Trees
Water Source PublicWater
Total Parking 3.0
Garage Type Attached Oversized
Exterior Description Stone WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 5907.0
Lot Size Acres 0.41
Road Surface Type Paved
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Internal Only
Street Number 1 843
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* Excluded Features
List By
Luxe Forbes Global Properties

Broker

odermannbrothers@luxeoregon.com

Email

Affordability Calculator

$31,867
Per Month
97%
3%
0%
Monthly Principal & Interest
$30,786
Monthly Property Taxes
$1,082
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.
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Nearby
1949234 Elementary School
1950162 Middle School
Lakeridge High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2026$5,000,000 Listed Price

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843 TERRACE DR, Lake Oswego, OR, 97034 is a Single Family Home for sale at $5,000,000 with 5,907 sqft and a lot size of 0.41. 843 TERRACE DR has 4 bedrooms, 4.2 baths, and was built in 2026. The property's zip code is 97034 which is in Lake Oswego, OR