2495 Palisades Crest Dr, Lake Oswego, OR, 97034
About This Home
Set on a large lot in one of Lake Oswego's most desirable locations, this custom-built home showcases unobstructed views that stretch for miles. Designed for both entertaining and everyday living, the home offers spacious gathering areas and comfortable retreats throughout. The dramatic two-story living room features a floor-to-ceiling rock fireplace and walls of windows that capture the incredible views. Upstairs, the private primary suite includes a fireplace, oversized walk-in closet, sauna, and spa-like bath. The versatile floor plan offers space for everyone, including a lower level with a theater room, wine cellar, additional bedrooms, and guest space. Recent improvements include a new roof, fresh interior paint, new carpet, refinished hardwoods, and updated lighting. Whole house generator included. 5th bedroom-no closet. A rare opportunity to enjoy custom craftsmanship, exceptional amenities, and sweeping views in a premier Lake Oswego setting.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Approximately
- Year built: 1981
Materials
- Roof: Composition
- Construction materials: Cedar,Stone
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Appliance Garage,Built In Oven,Built-In Range,Built-In Refrigerator,Convection Oven,Dishwasher,Disposal,Double Oven,Down Draft,Gas Appliances,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Daylight,Finished
Bedroom2
- Features: Closet, Wallto Wall Carpet
- Level: Main
- Area: 156
Bedroom3
- Features: Closet, Wallto Wall Carpet
- Level: Main
- Area: 156
Bedroom4
- Features: Wallto Wall Carpet
- Level: Lower
- Area: 196
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- Partial bathrooms: 2
- Main level bathrooms: 2
Dining Room
- Features: Builtin Features, Formal, Hardwood Floors
- Level: Main
- Area: 196
Family Room
- Features: Fireplace,Wallto Wall Carpet
- Level: Upper
- Area: 380
Features
- Ceiling Fan(s),Dumbwaiter,High Ceilings,Built-in Features,Closet,Formal,Cook Island,Pantry,Sauna,Suite,Walk-In Closet(s),Granite
- Flooring: Hardwood,Wall to Wall Carpet
- Number of fireplaces: 3
- Fireplace features: Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Fireplace(s)
- Cooling features: Central Air
Interior Area
- Total structure area: 6,077
- Total interior livable area: 6,077 sqft
Kitchen
- Features: Builtin Range, Cook Island, Dishwasher, Disposal, Gas Appliances, Pantry,Builtin Oven
- Level: Main
- Area: 225
Living Room
- Features: Fireplace,High Ceilings, Wallto Wall Carpet
- Level: Main
- Area: 308
Master Bedroom
- Features: Deck, Fireplace, Sauna,Suite, Walkin Closet, Wallto Wall Carpet
- Level: Upper
- Area: 378
Property
Accessibility
- Accessibility features: Garage On Main,Main Floor Bedroom Bath,Accessibility
Details
- Parcel number: 00330074
Features
- Stories: 3
- Patio & porch: Deck
- Exterior features: Yard
- Has view: Yes
- View description: Territorial
Lot
- Features: Private,Sloped,SqFt 20000 to Acres1
Parking
- Total spaces: 3
- Parking features: Attached,Oversized
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Cold Wave
- Earthquake
- Heat Wave
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Clackamas County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,570 | $102,840 |
| Home Insurance * | $316 | $3,792 |
| Property Taxes | $2,731 | $32,772 |
| Electricity | $551 | $6,618 |
| Total | $12,168 | $146,016 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-12 | Listed for sale | $1,695,000 |
| 2008-05-20 | Listing removed | $1,585,000 |
| 2008-05-06 | Listed for sale | $1,585,000 |
| 2007-11-30 | Listing removed | $1,200,000 |
| 2007-11-14 | Listed for sale | $1,200,000 |
| 2006-08-23 | Sold | $1,350,000 |
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