Recently Listed New Construction 1190 Oak TER
Lake Oswego, OR, 97034 $ 2,299,900
Bedrooms5 Baths3.1 Sq 3,272 Monthly Estimate*
$ 15,885
for $2,299,900 with 5 bedrooms and 3 full baths, 1 half bath. This 3,272 square foot home was built in 2026 on a lot size of 0.19.
Lake Terrace presents a rare opportunity on a quiet, tree lined street in Lake Oswego's coveted South Shore neighborhood with South Shore Glen lake easement access and a protected natural area backdrop at South Shore Natural Area. Designed and developed by a multi-year Street of Dreams builder whose work was recently showcased during the landmark 50th anniversary 2026 NW Natural Street of Dreams, this residence pairs modern Northwest architecture with warm natural materials across 3,272 square feet of thoughtfully curated living space. At the heart of the home, an expansive two story great room anchored by a statement gas fireplace flows naturally between the living, dining, and kitchen spaces, creating an ideal setting for daily living and entertaining. The gourmet kitchen centers around an oversized island with gas range, designer statement hood, custom cabinetry, designer tile, and walk in pantry, extending toward the covered outdoor living area for indoor outdoor living. A versatile five bedroom layout and attached three car garage add function, including two main level rooms with shared access to a full bath. One is thoughtfully designed as a dedicated office or fifth bedroom, offering flexibility for guests, multigenerational living, remote work, or fitness. A mud room with built in bench adds practical storage. 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 laundry room with built ins and a full size sink complete the second level. Life in South Shore places Oswego Lake amenities, George Rogers Park, Tryon Creek trails, First Addition, Lake View Village, Millennium Plaza Park, dining, shopping, farmers markets, and summer concerts close to home. This is a rare opportunity to secure a signature Lake Oswego new home.
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FeaturesInteriorInterior Amenities CentralVacuum GarageDoorOpener HighCeilings HookupAvailable Laundry SoakingTub VaultedCeiling
Basement CrawlSpace
Total Fireplaces 2
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
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 New Construction
Accessibility GarageonMain MainFloorBedroomBath NaturalLighting UtilityRoomOnMain WalkinShower
County Clackamas
Property Type Residential
HOA N
Subdivision Name 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 8276.0
Listing Terms Cash Conventional VALoan
Elementary School Hallinan
Tax Annual Amount 0
Middle/Junior High School Lakeridge
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=gC1uMCTHYLQ
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 716 SO SHORE GLEN PLAT 1 LT 27
ADU False
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ExteriorExterior Amenities BuiltinBarbecue CoveredPatio Patio Sprinkler Yard
Parking Features Driveway OffStreet
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 3.0
Garage Type Attached Oversized
Exterior Description Brick Cedar CementSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 3272.0
Lot Dimensions Irregular
Lot Size Acres 0.19
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $15,885
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $1,767,667
Percent of Sale Price 23%
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 |
|---|
| 10/7/2026 | $2,299,900 | | Listed Price |