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1160 Oak Ter, Lake Oswego, OR, 97034

5beds
4baths
3,269sqft
$2,499,900
$765price/sqft
$17,429/moest. monthly cost
$697,160/yrincome needed

About This Home

Lake Terrace presents a rare opportunity nestled on a quiet, tree-lined street in Lake Oswego's coveted South Shore neighborhood with South Shore Glen lake easement! A striking expression of modern Northwest architecture, this 2026 Street of Dreams showpiece pairs bold contemporary design with warm natural materials across nearly 3,300 square feet of thoughtfully curated living space. At the heart of the home, an expansive great room anchored by a statement gas fireplace flows effortlessly between the living, dining, and kitchen spaces, creating an ideal setting for both intimate evenings and effortless entertaining. The gourmet kitchen is centered around an oversized island with a gas range, designer statement hood, custom cabinetry, and a walk-in pantry, seamlessly extending to the covered outdoor living area for exceptional indoor-outdoor living. Every space has been intentionally designed to balance architectural beauty with everyday comfort. A versatile five bedroom layout and rare three car garage further distinguish the home, including two main level rooms with shared access to a full bath, one thoughtfully designed as a dedicated office or fifth bedroom, offering exceptional flexibility for guests, multigenerational living, or remote work. Upstairs, the primary suite is a private retreat filled with natural light and a spa inspired ensuite featuring a soaking tub, walk in shower with extensive tilework, dual vanity, and an exceptionally sized walk in closet. Two additional bedrooms, a full bath, and a beautifully appointed laundry room with extensive built ins and a full-size sink complete the upper level. Life in South Shore places lake access, George Rogers Park, Tryon Creek trails, First Addition, acclaimed dining, boutique shopping, farmers markets, and summer concerts just moments from your doorstep. Sophisticated, private, and timeless, this is a rare opportunity to secure one of Lake Oswego's signature new Street of Dreams quality homes.

Getting Around

41
WalkingCar-Dependent
16
TransitMinimal Transit
48
BikeSomewhat Bikeable

Schools

9/10
8/10
Lakeridge Middle SchoolGrades 6-82.0 mi
9/10
Lakeridge High SchoolGrades 9-120.8 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter,Stem Wall
  • Roof: Composition,Metal
  • Construction materials: Brick,Cedar,Cement Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free-Standing Gas Range,Plumbed For Ice Maker,Range Hood,Stainless Steel Appliance(s),Wine Cooler,Gas Appliances,Free-Standing Range,Gas Water Heater,Tankless Water Heater
  • Laundry features: Laundry Room

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: High Ceilings
  • Level: Upper
  • Area: 140

Bedroom3

  • Features: High Ceilings
  • Level: Upper
  • Area: 120

Bedroom4

  • Features: High Ceilings, Shared Bath
  • Level: Main
  • Area: 210

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • Partial bathrooms: 1
  • Main level bathrooms: 2

Dining Room

  • Features: Great Room, Patio, Sliding Doors,High Ceilings
  • Level: Main
  • Area: 270

Features

  • High Ceilings,Hookup Available,Soaking Tub,Shared Bath,Built-in Features,Sink,Great Room,Eat Bar,Gourmet Kitchen,Kitchen Island,Pantry,Double Vanity,Walk-In Closet(s),Walkin Shower,Butlers Pantry,Pot Filler,Tile
  • Door features: Sliding Doors
  • Window features: Double Pane Windows,Vinyl Frames
  • Number of fireplaces: 2
  • Fireplace features: Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air 90,Fireplace(s)
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,269
  • Total interior livable area: 3,269 sqft

Kitchen

  • Features: Dishwasher, Eat Bar, Gas Appliances, Gourmet Kitchen, Great Room, Island, Pantry,Free Standing Range, High Ceilings, Plumbed For Ice Maker, Solid Surface Countertop
  • Level: Main
  • Area: 204

Master Bedroom

  • Features: Fireplace,Double Sinks, Ensuite, High Ceilings, Soaking Tub, Walkin Closet, Walkin Shower
  • Level: Upper
  • Area: 272

Office

  • Features: Flex Room, High Ceilings, Shared Bath
  • Level: Main
  • Area: 180

Property

Accessibility

  • Accessibility features: Garage On Main,Main Floor Bedroom Bath,Natural Lighting,Walkin Shower,Accessibility

Details

  • Parcel number: 00252639
  • Zoning: R7.5

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio,Porch
  • Exterior features: Yard
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 8,712 sqft
  • Features: Gentle Sloping,SqFt 7000 to 9999
  • Lot size dimensions: Irregular

Parking

  • Total spaces: 3
  • Parking features: Driveway,On Street,Garage Door Opener,Attached,Oversized
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

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

  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Strong Wind

FEMA Declared Disasters in Clackamas County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $12,640$151,680
Home Insurance *$467$5,604
Property Taxes $4,026$48,312
Electricity $296$3,560
Total$17,429$209,148
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$597,565/yr
40% on housing$522,870/yr
45% on housing$464,773/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$765This listing

vs Other Active Listings

Avg $/sqft

ZIP 97034$519
Clackamas County$304

vs Homes Sold Last Month

Median $/sqft

ZIP 97034$401
Clackamas County$294

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

DateEventPrice
2026-08-14Price change$2,399,900
2026-08-03Listed for sale$2,499,900
2024-12-17Sold$550,000
2022-11-02Listing removed--
2022-10-13Price change$2,600
2022-08-30Listed for rent$2,800
2021-08-26Listing removed--
2021-08-18Listed for rent$2,450
2018-04-13Listing removed$1,995
2018-03-14Price change$1,995
2018-03-08Listed for rent$2,100
2018-01-17Listing removed$2,100
2017-09-05Listed for rent$2,100
2017-03-22Listing removed$2,100
2017-03-09Listed for rent$2,100
2016-08-01Sold$420,000
2016-07-22Pending sale$450,000
2016-07-15Listed for sale$450,000

New Construction

AgentDarryl Bodle
BrokerageKeller Williams Realty Portland Premiere

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