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.
Active
Price cut: $150K (6/19)
$3,500,000
16755 Graef Cir, Lake Oswego, OR 97035
5beds
4,566sqft
Residential, Single Family Residence
Built in 1930
-- sqft lot
$-- Zestimate®
$767/sqft
$313/mo HOA
What's special
Hot tubGarden roomExpansive deckingSteps to the lakePanoramic lake viewsDouble headed walk-in showerHoned granite counters
- 103 days |
- 1,340 |
- 49 |
Zillow last checked:
Listing updated:
Listed by:
John Nieland 503-730-5055,
Cascade Hasson Sotheby's International Realty,
Nicole Nieland 503-730-6665,
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 799857840
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 4, Office, Bonus Room, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Suite, Vaulted Ceiling, Wallto Wall Carpet
- Level: Upper
- Area: 440
- Dimensions: 20 x 22
Bedroom 2
- Features: Wallto Wall Carpet
- Level: Upper
- Area: 273
- Dimensions: 13 x 21
Bedroom 3
- Features: Wallto Wall Carpet
- Level: Upper
- Area: 364
- Dimensions: 13 x 28
Bedroom 4
- Features: Wallto Wall Carpet
- Level: Lower
- Area: 99
- Dimensions: 9 x 11
Dining room
- Features: Hardwood Floors, Skylight
- Level: Main
- Area: 240
- Dimensions: 12 x 20
Family room
- Features: Bay Window, Builtin Features, Hardwood Floors
- Level: Main
- Area: 276
- Dimensions: 23 x 12
Kitchen
- Features: Gas Appliances, Gourmet Kitchen, Hardwood Floors, Granite, Solid Surface Countertop
- Level: Main
- Area: 154
- Width: 14
Living room
- Features: Fireplace, Hardwood Floors
- Level: Main
- Area: 300
- Dimensions: 12 x 25
Office
- Features: Builtin Features, Hardwood Floors
- Level: Main
- Area: 135
- Dimensions: 15 x 9
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air, Heat Pump
Appliances
- Included: Built In Oven, Cooktop, Dishwasher, Disposal, Free-Standing Refrigerator, Gas Appliances, Instant Hot Water, Microwave, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Gas Water Heater
- Laundry: Laundry Room
Features
- Granite, Vaulted Ceiling(s), Built-in Features, Gourmet Kitchen, Suite, Pantry
- Flooring: Hardwood, Heated Tile, Tile, Wall to Wall Carpet
- Windows: Skylight(s), Bay Window(s)
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Gas, Wood Burning
Interior area
- Total structure area: 4,566
- Total interior livable area: 4,566 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Door Opener, Attached, Oversized
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Deck
- Exterior features: Dock, Raised Beds, Yard
- Has view: Yes
- View description: Lake, Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
- Body of water: Lake Oswego
Lot
- Features: Gentle Sloping, Level, Sprinkler, SqFt 10000 to 14999
Details
- Additional structures: BoatHouse, Dock
- Parcel number: 00244042
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Shake Siding
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1930
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: West Bay/Lake Oswego
HOA
- Has HOA: Yes
- HOA fee: $3,750 annually
- Second HOA fee: $7,500 one time
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $767/sqft
- Tax assessed value: $3,922,991
- Annual tax amount: $27,491
- Date on market: 4/3/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $3,500,000-4.1%$767/sqft |
Source:  RMLS (OR) #799857840 Report a problem | ||
| 6/2/2026 | Price change | $3,650,000-5.8%$799/sqft |
Source: RMLS (OR) #799857840 Report a problem | ||
| 5/8/2026 | Price change | $3,875,000-1.3%$849/sqft |
Source: RMLS (OR) #799857840 Report a problem | ||
| 4/27/2026 | Price change | $3,925,000-1.9%$860/sqft |
Source: RMLS (OR) #799857840 Report a problem | ||
| 4/3/2026 | Listed for sale | $4,000,000$876/sqft |
Source: RMLS (OR) #799857840 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $27,492 +2.7% | $1,431,565 +3% |
| 2024 | $26,759 +3% | $1,389,869 +3% |
| 2023 | $25,973 +3.1% | $1,349,388 +3% |
| 2022 | $25,202 +8.3% | $1,310,086 +3% |
| 2021 | $23,277 +2.6% | $1,271,929 +3% |
| 2020 | $22,692 +2.5% | $1,234,883 +3% |
| 2019 | $22,134 +5.2% | $1,198,916 +3% |
| 2018 | $21,049 | $1,163,996 +3% |
| 2017 | $21,049 +13.8% | $1,130,093 +3% |
| 2016 | $18,491 | $1,097,178 +3% |
| 2015 | $18,491 +3.5% | $1,065,221 +3% |
| 2014 | $17,864 +3.2% | $1,034,195 +3% |
| 2013 | $17,312 +2.9% | $1,004,073 +3% |
| 2012 | $16,824 +3.5% | $974,828 +3% |
| 2011 | $16,248 +1.7% | $946,435 +3% |
| 2010 | $15,973 +1.1% | $918,869 +3% |
| 2009 | $15,807 +6.7% | $892,106 +3% |
| 2008 | $14,815 +4.6% | $866,122 +3% |
| 2007 | $14,162 +4.3% | $840,895 +3% |
| 2006 | $13,574 +0.3% | $816,403 +3% |
| 2005 | $13,534 +4.1% | $792,624 +3% |
| 2004 | $13,006 +4.9% | $769,538 +3% |
| 2003 | $12,403 +4.4% | $747,124 +3% |
| 2002 | $11,881 +1.9% | $725,363 +3% |
| 2001 | $11,660 +10.5% | $704,236 +3% |
| 2000 | $10,555 | $683,724 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Bryant
Nearby schools
GreatSchools rating
- 10/10Westridge Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Lakeridge Middle SchoolGrades: 6-8Distance: 0.7 mi
- 9/10Lakeridge High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Westridge
- Middle: Lakeridge
- High: Lakeridge
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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