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16755 Graef Cir

Lake Oswego, OR 97035
  • $3,875,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 799857840
Price Reduced
UPDATED: 38 min ago
$3,875,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,566
    SQFT
  • $849
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1930
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-05-17T05:55:30.98.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/174834293
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16755 Graef Cir Lake Oswego, OR 97035

  • Price: $3,875,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 38 min ago
  • MLS #: 799857840
5
Beds
4
Baths
0
½ Baths
N/A
Acres
4,566
SQFT
$849
$/SQFT
1930
Built
Neighborhood:
West Bay/Lake Oswego
County:
Clackamas
Area:
147-Lake Oswego/West Linn
Elementary School:
Westridge
Middle School:
Lakeridge
High School:
Lakeridge
Property Description
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.
Exterior Features

Architectural Style Traditional Attached Garage YN Yes Exterior Description Shake Siding Exterior Features Boat House Deck Dock Outbuilding Raised Beds Sprinkler Yard Garage Type Attached Oversized Lot Features Gentle Sloping Level Parking Features Driveway Parking Total 2 Road Surface Type Paved Roof Composition View Description Lake Territorial View YN Yes Water Body Name Lake Oswego Waterfront Features Lake Waterfront YN Yes

Interior Features

Additional Room Description _4th Bedroom Additional Room Level Lower Additional Room2 Description Office Additional Room2 Level Main Additional Room3 Description Bonus Room Additional Room3 Level Lower Appliances Builtin Oven Cooktop Dishwasher Disposal Free Standing Refrigerator Gas Appliances Granite Instant Hot Water Microwave Pantry Plumbed For Ice Maker Range Hood Solid Surface Countertop Stainless Steel Appliance Basement None Bathrooms Full Lower Level 1 Bathrooms Full Main Level 1 Bathrooms Full Upper Level 2 Bathrooms Partial Lower Level 0 Bathrooms Partial Main Level 0 Bathrooms Partial Upper Level 0 Cooling Central Air Heat Pump Cooling YN Yes Dining Room Features Hardwood Floors Skylight Dining Room Level Main Family Room Features Bay Window Builtin Features Hardwood Floors Family Room Level Main Fireplace Features Gas Wood Burning Fireplace YN Yes Fireplaces Total 2 Heating Forced Air Heating YN Yes Interior Features Garage Door Opener Granite Hardwood Floors Heated Tile Floor Laundry Tile Floor Vaulted Ceiling Wallto Wall Carpet Kitchen Features Gas Appliances Gourmet Kitchen Hardwood Floors Kitchen Features Cont Granite Solid Surface Countertop Kitchen11 Level Main Living Room Features Fireplace Hardwood Floors Living Room Level Main Lower Level Area Total 1040 Main Level Area Total 1762 Primary Bedroom Features Cont Suite Vaulted Ceiling Wallto Wall Carpet Primary Bedroom Level Upper Second Bedroom Features Cont Wallto Wall Carpet Second Bedroom Level Upper Third Bedroom Features Cont Wallto Wall Carpet Third Bedroom Level Upper Upper Level Area Total 1764

Property Features

Association Fee 3750 Association Fee Frequency Annually Association Fee2 7500 Association Fee2 Frequency One Time Association YN Yes Bank Owned YN No Fuel Description Electricity Gas Green Certification YN No Home Warranty YN No Hot Water Description Gas IDXAddress Display YN Yes Listing Terms Cash Conventional New Construction YN No Property Attached YN No Property Condition Updated Remodeled Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Short Sale YN No Tax Annual Amount 27491.92 Tax Year 2025 Water Source Public Water

Listing provided courtesy of Cascade Hasson Sotheby's International Realty: .


Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-05-17T05:55:30.98.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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500 Liberty St SE, Suite 410
Salem OR, 97301