Tucked away in a peaceful bay on Lake Oswego, this exceptional waterfront home offers a rare opportunity to experience true lakefront living, where every day feels like a getaway. With one of the most desirable locations on the lake, this property combines privacy, comfort, and effortless indoor-outdoor living. Originally built in 1939 and thoughtfully reimagined and rebuilt in 2006, the home showcases soaring cathedral ceilings, exposed original wood beam construction, and custom wrought iron details that create a warm yet elevated aesthetic. From the moment you arrive, a charming stone courtyard and entry welcome you into a serene, private setting. Inside, the open-concept layout flows seamlessly from the gourmet kitchen into expansive dining and living areas, perfect for hosting or simply enjoying the view. Floor-to-ceiling windows and 5 skylights flood the home with natural light while framing breathtaking lake views from nearly every angle. Radiant heated floors on the main level and rich hardwoods upstairs add to the home's comfort and livability. The home features 3 spacious bedrooms plus a versatile bonus room that can serve as a home office, guest space, or additional bedroom. The primary suite offers a private balcony overlooking the lake, a spa-like bathroom with jetted tub and skylight, and a walk-in closet with serene water views. A secondary lakeside bedroom includes its own en suite bath and balcony creating an ideal setup for guests or shared living. Step outside to fully embrace lake life. A covered wraparound porch and stone patio provide the perfect setting for year-round outdoor dining, entertaining, or quiet mornings by the water. Enjoy direct lake access with both a covered and open boat slip, a gently sloped swimming area, and easy water entry. Additional features include: Oversized garage with EV charging, workspace, and storage Additional off-street parking for up to 4 vehicles or boat trailer Upstairs heating and A/C system for year-round comfort Inline BBQ gas hookup for easy outdoor cooking Outdoor shower for rinsing off after a dip in the lake The property is meticulously maintained. Located within the highly regulated and well-maintained Lake Oswego Corporation, tenants will enjoy a clean, safe, and exclusive lake environment. If you've been looking for a place that blends peaceful, private, waterfront living with refined comfort, this is it. Available by appointment only. Contact is best via text , phone message or email. Considered a main lake property Alder Circle presents a beautiful, private, unique space with no homes across the bay adding privacy. Radiant, evenly heated tile floors on the main level are very efficient and heats hardwood floors on the second level add to the feeling of comfort, livability and spaciousness. There is an additional upstairs heat/A/c system for cooling in the summer. There is a fresh coat of paint on most of the interior to add brightness. There are 2 skylights in the bonus room making it a great office, family area or 4th bedroom. The lakeside covered wrap around porch includes an inline BBQ gas connection for convenience. A covered boat slip and an open boat slip add boat options. The large swimming area has a gentle slope into the water from the stairs with a pea gravel base that is easy to walk on. There is an outside shower for rinsing after swimming. The garage has an electric charging station for 1 car and workspace area with windows/natural light. There is room for 4 off street parking spaces and /or room for a boat trailer. Oswego Lake is highly regulated by the Lake Corporation HOA. They maintain daily water quality checks, oxygenators, safety standards, supervision and licensing requirements for swimmers and watercraft. The yard has been kept in excellent condition by the current service which is highly recommended and reasonable to keep in place as a tenant responsibility.This is a home to be cared for as though it were your own. Smaller pets are negotiable with additional deposits if acceptable. This is a no smoking house.There is a locking mail box. Utilities, water and garbage are paid by the tenant. There is a new refrigerator and gas stove with hood. All appliances are provided for tenant convenience with the tenant being responsible for care and maintenance There are additional annual Lake Corp dues of $2900 due at move in/annually and a small fee per motor boat for licensing. A Oregon boaters license and a Lake Oswego boating license are required for power boat operation on the lake. Renters and Boat insurance are required. The property may be available to view by appointment only in consideration of current tenants. Please Text or leave voice mail to schedule appt. It is highly recommended to fill out an application for a viewing appointment.
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