Discover turn-key elegance with an exclusive lake easement within walking distance! This rare gem offers an exceptional blend of luxury, functionality, and timeless style. Tucked into one of Lake Oswego's most desirable neighborhoods, this stunning home has been updated throughout to let pride of ownership shine. High ceilings, hardwood floors, statement light fixtures, and a grand staircase welcome you in to a foyer that leaves an impression. The floorpan from there unfolds seamlessly. With multiple living areas, a formal dining room, a modern kitchen adorned with high-end appliances, and a stately office, the first level provides both style and functionality. Finishing out the main floor, the bonus room and eating nook in the kitchen both effortlessly lead out to the expansive backyard, primed for entertaining. Multiple seating areas include a newly built pergola complete with lighting, heaters, and a wood burning fireplace for enjoying Lake Oswego nights year round. Upstairs leads to a private primary suite with a spa-inspired bathroom, serene sitting area, and double walk-in closets. High ceilings and thoughtful storage throughout the upper floor connect the remaining 3 bedrooms and 2 full bathrooms. Worry-free living is ensured with recent upgrades, including a new fifty-year Presidential roof, gutters, landscaping, furnace, air conditioning, and top-of-the-line appliances. Immerse yourself in the charm of Terrace Drive, where modern luxury meets the tranquility of Lake Oswego living. Don't miss the chance to make this meticulously updated and thoughtfully designed residence your new home.
Sold
$1,969,000
950 Terrace Dr, Lake Oswego, OR 97034
4beds
4,619sqft
Residential, Single Family Residence
Built in 1987
0.27 Acres Lot
$2,051,800 Zestimate®
$426/sqft
$7,469 Estimated rent
Home value
$2,051,800
$1.89M - $2.24M
$7,469/mo
Zestimate® history
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$9,686/mo
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List your homeWhat's special
Timeless styleWood burning fireplaceWorry-free livingSpa-inspired bathroomExpansive backyardBonus roomFormal dining room
Zillow last checked:
Listing updated:
Listed by:
Kendall Bergstrom-Delancellotti 303-328-7566,
Cascade Hasson Sotheby's International Realty,
Darren Humbert 303-328-7566,
Cascade Hasson Sotheby's International Realty
Bought with:
Erin Primrose, 201206336
Real Broker
Source: RMLS (OR),MLS#: 23488389
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Office, Media Room, Bedroom 4, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Builtin Features, Bathtub, Double Sinks, Suite, Tile Floor, Walkin Closet, Walkin Shower, Wallto Wall Carpet
- Level: Upper
- Area: 575
- Dimensions: 23 x 25
Bedroom 2
- Features: Builtin Features, Walkin Closet, Wallto Wall Carpet
- Level: Upper
- Area: 182
- Dimensions: 14 x 13
Bedroom 3
- Features: Builtin Features, Closet, Wallto Wall Carpet
- Level: Upper
- Area: 192
- Dimensions: 12 x 16
Bedroom 4
- Features: Closet, Wallto Wall Carpet
- Level: Upper
- Area: 195
- Dimensions: 15 x 13
Dining room
- Features: Builtin Features, Formal, Hardwood Floors, Wainscoting
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Family room
- Features: Fireplace, French Doors, Hardwood Floors
- Level: Main
- Area: 378
- Dimensions: 18 x 21
Kitchen
- Features: Builtin Range, Builtin Refrigerator, Dishwasher, Eat Bar, Eating Area, Hardwood Floors, Island, Sliding Doors, Butlers Pantry, Double Oven, Double Sinks, Quartz
- Level: Main
- Area: 378
- Width: 18
Living room
- Features: Fireplace, Formal, Hardwood Floors
- Level: Main
- Area: 266
- Dimensions: 14 x 19
Office
- Features: Builtin Features, French Doors, Hardwood Floors
- Level: Main
- Area: 294
- Dimensions: 14 x 21
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Built In Oven, Built-In Range, Built-In Refrigerator, Dishwasher, Double Oven, Range Hood, Gas Water Heater
- Laundry: Laundry Room
Features
- Central Vacuum, High Ceilings, Quartz, Wainscoting, Built-in Features, Closet, Walk-In Closet(s), Formal, Eat Bar, Eat-in Kitchen, Kitchen Island, Butlers Pantry, Double Vanity, Bathtub, Suite, Walkin Shower
- Flooring: Hardwood, Heated Tile, Tile, Wall to Wall Carpet
- Doors: French Doors, Sliding Doors
- Windows: Double Pane Windows
- Basement: Crawl Space
- Number of fireplaces: 3
- Fireplace features: Gas, Wood Burning, Outside
Interior area
- Total structure area: 4,619
- Total interior livable area: 4,619 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, On Street, Detached, Oversized
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Fire Pit, Yard
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.27 Acres
- Features: Level, Sprinkler, SqFt 10000 to 14999
Details
- Additional structures: CoveredArena
- Parcel number: 00251257
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1987
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: Palisades Terrace
HOA
- Has HOA: No
- Amenities included: Lake Easement
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $426/sqft
- Tax assessed value: $1,617,630
- Annual tax amount: $17,980
- Date on market: 1/5/2024
- Cumulative days on market: 21 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/2/2024 | Sold | $1,969,000+1%$426/sqft |
Source:  RMLS (OR) #23488389 Report a problem | ||
| 1/26/2024 | Pending sale | $1,950,000$422/sqft |
Source: RMLS (OR) #23488389 Report a problem | ||
| 1/10/2024 | Listed for sale | $1,950,000$422/sqft |
Source: RMLS (OR) #23488389 Report a problem | ||
| 1/8/2024 | Pending sale | $1,950,000$422/sqft |
Source: RMLS (OR) #23488389 Report a problem | ||
| 1/5/2024 | Listed for sale | $1,950,000+56%$422/sqft |
Source: RMLS (OR) #23488389 Report a problem | ||
| 11/27/2007 | Sold | $1,250,000+78.6%$271/sqft |
Source: Public Record Report a problem | ||
| 9/10/2003 | Sold | $700,000$152/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,032 +2.7% | $993,199 +3% |
| 2024 | $18,524 +3% | $964,271 +3% |
| 2023 | $17,980 +3.1% | $936,186 +3% |
| 2022 | $17,447 +8.3% | $908,919 +3% |
| 2021 | $16,112 +2.6% | $882,446 +3% |
| 2020 | $15,708 +2.8% | $856,744 +3% |
| 2019 | $15,285 +4.9% | $831,791 +3% |
| 2018 | $14,569 | $807,564 +3% |
| 2017 | $14,569 +14.8% | $784,043 +3% |
| 2016 | $12,694 | $761,207 +3% |
| 2015 | $12,694 +5.8% | $739,036 +3% |
| 2014 | $11,994 +9.3% | $717,511 +4.2% |
| 2013 | $10,973 -1.5% | $688,411 -1.2% |
| 2012 | $11,140 -2.9% | $696,613 +3% |
| 2011 | $11,471 +0.7% | $676,323 +3% |
| 2010 | $11,387 +1% | $656,624 +3% |
| 2009 | $11,269 +6.7% | $637,499 +3% |
| 2008 | $10,561 +4.6% | $618,931 +3% |
| 2007 | $10,095 +4.3% | $600,904 +3% |
| 2006 | $9,675 +0.3% | $583,402 +3% |
| 2005 | $9,647 +4.1% | $566,410 +3% |
| 2004 | $9,271 +2.5% | $549,913 +0.7% |
| 2003 | $9,044 +4.4% | $546,186 +3% |
| 2002 | $8,663 +1.9% | $530,278 +3% |
| 2001 | $8,502 +10.5% | $514,833 +3% |
| 2000 | $7,696 | $499,838 |
Find assessor info on the county website
Neighborhood: McVey-South Shore
Nearby homes
- $1,544,1004 bd2 ba3.7k sqft990 Terrace Dr, Lake Oswego, OR 97034Off Market
- $1,552,3004 bd2 ba3.9k sqft910 Terrace Dr, Lake Oswego, OR 97034Off Market
- $1,330,0004 bd3 ba3.4k sqft1075 Schukart Ln, Lake Oswego, OR 97034Sold
- $1,340,6004 bd3 ba3.5k sqft1030 Terrace Dr, Lake Oswego, OR 97034Off Market
- $1,812,9005 bd4 ba4.6k sqft870 Terrace Dr, Lake Oswego, OR 97034Off Market
- $1,904,9004 bd2 ba4.1k sqft1025 Schukart Ln, Lake Oswego, OR 97034Off Market
- $3,361,0005 bd6 ba6k sqft961 Terrace Dr, Lake Oswego, OR 97034Off Market
- $3,328,2004 bd3 ba4.7k sqft939 Terrace Dr, Lake Oswego, OR 97034Off Market
Nearby schools
GreatSchools rating
- 9/10Hallinan Elementary SchoolGrades: K-5Distance: 1.1 mi
- 8/10Lakeridge Middle SchoolGrades: 6-8Distance: 2.1 mi
- 9/10Lakeridge High SchoolGrades: 9-12Distance: 0.9 mi
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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Estimated market value
$2,051,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,051,800
- Oregon
- Clackamas County
- Lake Oswego
- 97034
- McVey-South Shore
- 950 Terrace Dr
