Recently Listed New Construction 1160 OAK TER
Lake Oswego, OR, 97034 $ 2,499,900
Bedrooms5 Baths3.1 Sq 3,269 Monthly Estimate*
$ 15,785
for $2,499,900 with 5 bedrooms and 3 full baths, 1 half bath. This 3,269 square foot home was built in 2026 on a lot size of 0.2.
Showcased during the landmark 50th anniversary year of the NW Natural Street of Dreams, Lake Terrace presents a rare opportunity on a quiet, tree lined street in Lake Oswego's coveted South Shore neighborhood. This modern Northwest showpiece pairs bold contemporary design with warm natural materials across 3,269 square feet of curated living space. At the heart of the home, a dramatic two story great room anchored by a statement gas fireplace finished in Italian lime plaster creates impressive volume and flows effortlessly between the living, dining, and kitchen spaces. The gourmet kitchen centers around an oversized island with gas range, designer statement hood, custom cabinetry, and a walk in pantry, extending to the covered outdoor living area for elevated indoor outdoor living. A mud room with built in bench adds everyday function, while thoughtful storage and a curated designer lighting package support a refined and livable layout. Five bedrooms and a rare oversized 3 car garage further distinguish the home, including a main level guest room and an office or 5th bedroom, both conveniently served by a nearby full bath. These flexible spaces accommodate guests, remote work, media, fitness, or creative use. Upstairs, the primary suite is a private retreat filled with natural light and a spa inspired ensuite featuring a soaking tub, walk in shower with extensive tilework, dual vanity, and an exceptionally sized walk in closet. An upper sitting area, two additional bedrooms, a full bath, and a beautifully appointed laundry room with extensive built ins and a full size sink complete the second level. Life in South Shore places George Rogers Park, Tryon Creek trails, Lake View Village, Millennium Plaza Park, local dining, boutique shopping, farmers markets, and summer concerts close to home. Sophisticated, private, and connected to its setting, this is a rare opportunity to own a signature Lake Oswego home with refined architectural appeal and thoughtful detail.
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FeaturesInteriorInterior Amenities GarageDoorOpener HighCeilings HookupAvailable Laundry SoakingTub
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features Gas
Hot Water Gas Tankless
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 3.1
Total Bedrooms 5
Total Baths 4
1/2 Baths 1
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GeneralSewer PublicSewer
Heating ForcedAir90
Cooling CentralAir
Roof Composition Metal
Appliances Dishwasher Disposal FreeStandingGasRange Island Pantry PlumbedForIceMaker PotFiller RangeHood SolidSurfaceCountertop StainlessSteelAppliance Tile
Zoning R7.5
Garage Spaces 3.0
Architectural Style Stories2 Contemporary
Year Built 2026
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Warranty BuilderWarranty
Parcel Number 00252639
Accessibility GarageonMain MainFloorBedroomBath NaturalLighting WalkinShower
County Clackamas
Property Type Residential
HOA N
Subdivision Name MCVEY-SOUTH SHORE
Full Baths 3
Status Active
Directions South Shore Blvd to Palisades Terrace Dr to W Oak Ter.
High School Lakeridge
City LakeOswego
Disclosures Exempt
MLS Area _147
Lot Size Square Feet 8712.0
Listing Terms Cash Conventional VALoan
Elementary School Hallinan
Tax Annual Amount 0
Middle/Junior High School Lakeridge
Property Condition NewConstruction
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 716 SO SHORE GLEN PLAT 1 LT 026
ADU False
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ExteriorExterior Amenities CoveredPatio Patio Porch Yard
Parking Features Driveway OnStreet
Lot Features GentleSloping PublicRoad
Water Source PublicWater
Total Parking 3.0
Garage Type Attached Oversized
Exterior Description Brick Cedar CementSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 3269.0
Lot Dimensions Irregular
Lot Size Acres 0.2
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $15,785
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $1,892,447
Percent of Sale Price 24%
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.
1949234 Elementary School
1950162 Middle School
Lakeridge High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/3/2026 | $2,499,900 | | Listed Price |