A rare opportunity in one of Lake Oswego’s most established neighborhoods. This sprawling 0.388-acre R-7.5 zoned parcel offers the size, privacy, and premier location builders and end-users covet, surrounded by mature trees and newer custom homes that signal where this street is headed. Potential to partition. Value is in the land.Tucked along quiet, winding streets, yet minutes to everything that makes Lake Oswego special. A short stroll to Zupan’s Markets, West Waluga Park, and the vibrant Lake Grove dining and shopping scene. Easy I-5 access for the Portland commute.A modest 1935 cottage currently sits on the lot. Tenant occupied. Showings upon accepted offer. Sold strictly AS-IS for land value. No repairs. Purchaser must confirm all square footage, lot size, zoning, partition feasibility, utilities, permits, and uses to their own satisfaction.Lots like this in Lake Forest don’t come along often.
Active
$975,000
16286 Waluga Dr, Lake Oswego, OR 97035
--beds
0baths
0.39Acres
Unimproved Land, Single Family Residence
Built in ----
0.39 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 66 days |
- 199 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Haiting Qi 503-887-2631,
Oregon First
Source: RMLS (OR),MLS#: 332426111
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 0.39 Acres
- Features: Level, SqFt 15000 to 19999
Details
- Additional structures: Existing Structures, Residence
- Parcel number: 00235515
- Zoning: R7.5
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Natural Gas Connected, Water Connected
Community & HOA
Community
- Subdivision: Lake Forest
HOA
- Has HOA: No
Location
- Region: Lake Oswego
Financial & listing details
- Tax assessed value: $392,909
- Annual tax amount: $2,742
- Date on market: 5/20/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Listed for sale | $975,000+543.6% |
Source:  RMLS (OR) #332426111 Report a problem | ||
| 8/6/2004 | Sold | $151,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,743 +2.7% | $142,808 +3% |
| 2024 | $2,669 +3% | $138,649 +3% |
| 2023 | $2,591 +3.1% | $134,611 +3% |
| 2022 | $2,514 +8.3% | $130,691 +3% |
| 2021 | $2,322 +2.6% | $126,885 +3% |
| 2020 | $2,264 +2.5% | $123,190 +3% |
| 2019 | $2,208 +5.2% | $119,602 +3% |
| 2018 | $2,100 | $116,118 +3% |
| 2017 | $2,100 +13.8% | $112,736 +3% |
| 2016 | $1,845 | $109,452 +3% |
| 2015 | $1,845 +3.5% | $106,264 +3% |
| 2014 | $1,782 +3.2% | $103,169 +3% |
| 2013 | $1,727 +2.9% | $100,164 +3% |
| 2012 | $1,678 +3.5% | $97,247 +3% |
| 2011 | $1,621 +1.7% | $94,415 +3% |
| 2010 | $1,593 +1.1% | $91,665 +3% |
| 2009 | $1,577 +6.7% | $88,995 +3% |
| 2008 | $1,478 +4.6% | $86,403 +3% |
| 2007 | $1,413 +4.3% | $83,886 +3% |
| 2006 | $1,354 +0.3% | $81,443 +3% |
| 2005 | $1,350 +4.1% | $79,071 +3% |
| 2004 | $1,297 +20.2% | $76,768 +3% |
| 2003 | $1,079 +2.9% | $74,532 +3% |
| 2002 | $1,049 +1.1% | $72,361 +3% |
| 2001 | $1,037 +11.4% | $70,253 +3% |
| 2000 | $932 | $68,207 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Lake Forest
Nearby schools
GreatSchools rating
- 8/10Lake Grove Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Lake Oswego Junior High SchoolGrades: 6-8Distance: 1.6 mi
- 10/10Lake Oswego Senior High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Lake Grove
- Middle: Lake Oswego
- High: Lake Oswego
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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