Stillwater Vista by TimberRidge Development - A Private Lake Oswego Retreat Above the Water Commanding a premier vantage above Oswego Lake. Stillwater Vista is a rare expression of architectural elegance and effortless lakefront living. Selected for the 2026 Street of Dreams Home Builder Showcase, this residence showcases an exceptional level of design, craftsmanship, and innovation in one of Lake Oswego’s most coveted settings. A dramatic great room features 20-foot vaulted ceilings, statement lighting, and a sculptural fireplace, while walls of glass frame serene lake views and open to a vaulted, covered upper terrace with a striking stone fireplace, integrated heating, and outdoor entertaining spaces. The kitchen is both a showpiece and a professional workspace, defined by exposed beam ceilings, a 12-foot island, side-by-side Sub-Zero refrigeration, and a 60-inch Wolf range, complemented by custom inset cabinetry and a fully equipped scullery. An indoor-outdoor bar enhances seamless entertaining. The main-level primary suite offers 17-foot vaulted ceilings, tranquil water views, and a spa-inspired bath with heated floors, slab marble, a soaking tub, and a custom dressing room with island and integrated laundry. The lower level is designed for leisure, featuring a lounge with fireplace, glass-enclosed wine cellar, fitness studio with sauna, and access to a covered lakeside terrace with hot tub and media setup. Residents enjoy access to Oswego Lake via a private neighborhood tram to a dedicated boat slip—an increasingly rare amenity completing this exceptional offering. Stillwater Vista is a showcase, a retreat, and a legacy property designed to be experienced.
Pending
$5,250,000
843 Terrace Dr, Lake Oswego, OR 97034
4beds
6,091sqft
Residential, Single Family Residence
Built in 2026
0.41 Acres Lot
$-- Zestimate®
$862/sqft
$457/mo HOA
What's special
Striking stone fireplaceSculptural fireplaceDramatic great roomSpa-inspired bathFitness studio with saunaTranquil water viewsGlass-enclosed wine cellar
- 41 days
- 2,482
- 198
Zillow last checked:
Listing updated:
Listed by:
Steve Odermann 971-275-5657,
LUXE Forbes Global Properties,
Bekah McGuire 503-260-0309,
LUXE Forbes Global Properties
Source: RMLS (OR),MLS#: 338843522
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- Partial bathrooms: 2
- Main level bathrooms: 2
Rooms
- Room types: Office, Mud Room, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Double Sinks, High Ceilings, Soaking Tub, Suite, Vaulted Ceiling, Walkin Closet, Washer Dryer
- Level: Main
- Area: 300
- Dimensions: 20 x 15
Bedroom 2
- Features: Shower, Suite, Walkin Closet
- Level: Lower
- Area: 210
- Dimensions: 15 x 14
Bedroom 3
- Features: Bathtub, Suite, Walkin Closet
- Level: Lower
- Area: 196
- Dimensions: 14 x 14
Dining room
- Features: Hardwood Floors
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Family room
- Features: Exterior Entry, Fireplace
- Level: Lower
- Area: 616
- Dimensions: 28 x 22
Kitchen
- Features: Beamed Ceilings, Builtin Refrigerator, Eat Bar, Exterior Entry, Island, Builtin Oven, Butlers Pantry, Free Standing Range, Wet Bar
- Level: Main
- Area: 315
- Width: 15
Office
- Features: Hardwood Floors
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Heating
- Forced Air 90, Heat Pump, Fireplace(s)
Cooling
- ENERGY STAR Qualified Equipment
Appliances
- Included: Built In Oven, Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Free-Standing Range, Range Hood, Washer/Dryer, Gas Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, Soaking Tub, Vaulted Ceiling(s), Sauna, Built-in Features, Shower, Suite, Walk-In Closet(s), Bathtub, Beamed Ceilings, Eat Bar, Kitchen Island, Butlers Pantry, Wet Bar, Double Vanity, Pantry
- Flooring: Hardwood
- Windows: Double Pane Windows, Triple Pane Windows
- Basement: Daylight,Finished,Full
- Number of fireplaces: 3
- Fireplace features: Gas, Outside
Interior area
- Total structure area: 6,091
- Total interior livable area: 6,091 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Driveway, On Street, Garage Door Opener, Attached, Oversized
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Covered Deck, Deck
- Exterior features: Built-in Barbecue, Fire Pit, Yard, Exterior Entry
- Has view: Yes
- View description: Lake, Territorial, Trees/Woods
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
Lot
- Size: 0.41 Acres
- Features: Bluff, Terraced, Trees, SqFt 15000 to 19999
Details
- Parcel number: 01503572
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod,Custom Style
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition,Metal
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Palisades Terrace
HOA
- Has HOA: Yes
- Amenities included: Boat Slip, Lake Easement
- HOA fee: $2,500 annually
- Second HOA fee: $2,985 annually
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $862/sqft
- Tax assessed value: $782,029
- Annual tax amount: $12,979
- Date on market: 7/24/2026
- Cumulative days on market: 41 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Pending sale | $5,250,000$862/sqft |
Source:  RMLS (OR) #338843522 Report a problem | ||
| 7/24/2026 | Listed for sale | $5,250,000+600%$862/sqft |
Source: RMLS (OR) #338843522 Report a problem | ||
| 8/2/2024 | Sold | $750,000+1548.4%$123/sqft |
Source: Public Record Report a problem | ||
| 2/5/2003 | Sold | $45,500$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,980 -2.1% | $710,855 +3% |
| 2024 | $13,258 +3% | $690,151 +3% |
| 2023 | $12,869 +3.1% | $670,050 +3% |
| 2022 | $12,487 +8.3% | $650,534 +3% |
| 2021 | $11,532 +2.6% | $631,587 +3% |
| 2020 | $11,242 +2.5% | $613,192 +3% |
| 2019 | $10,966 +5.2% | $595,333 +3% |
| 2018 | $10,428 | $577,993 +3% |
| 2017 | $10,428 +13.9% | $561,158 +3% |
| 2016 | $9,159 | $544,814 +3% |
| 2015 | $9,159 +3.5% | $528,946 +3% |
| 2014 | $8,848 +3.2% | $513,540 +3% |
| 2013 | $8,576 +2.9% | $498,583 +3% |
| 2012 | $8,334 +3.5% | $484,061 +3% |
| 2011 | $8,048 +1.7% | $469,962 +3% |
| 2010 | $7,912 +1% | $456,274 +3% |
| 2009 | $7,830 +6.7% | $442,984 +3% |
| 2008 | $7,339 +4.6% | $430,082 +3% |
| 2007 | $7,015 +4.3% | $417,555 +3% |
| 2006 | $6,723 +0.3% | $405,393 +3% |
| 2005 | $6,704 +4.1% | $393,585 +3% |
| 2004 | $6,442 +4.9% | $382,121 +3% |
| 2003 | $6,143 -47.8% | $370,991 +3% |
| 2002 | $11,769 +103.8% | $360,185 +3% |
| 2001 | $5,775 +10.5% | $349,694 +3% |
| 2000 | $5,227 | $339,509 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: McVey-South Shore
Nearby schools
Schools provided by the listing agent
- Elementary: Hallinan
- 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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