




1160 Oak Ter, Lake Oswego, OR, 97034
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
Schools
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
- 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 | $12,640 | $151,680 |
| Home Insurance * | $467 | $5,604 |
| Property Taxes | $4,026 | $48,312 |
| Electricity | $296 | $3,560 |
| Total | $17,429 | $209,148 |
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 |
|---|---|---|
| 2026-08-14 | Price change | $2,399,900 |
| 2026-08-03 | Listed for sale | $2,499,900 |
| 2024-12-17 | Sold | $550,000 |
| 2022-11-02 | Listing removed | -- |
| 2022-10-13 | Price change | $2,600 |
| 2022-08-30 | Listed for rent | $2,800 |
| 2021-08-26 | Listing removed | -- |
| 2021-08-18 | Listed for rent | $2,450 |
| 2018-04-13 | Listing removed | $1,995 |
| 2018-03-14 | Price change | $1,995 |
| 2018-03-08 | Listed for rent | $2,100 |
| 2018-01-17 | Listing removed | $2,100 |
| 2017-09-05 | Listed for rent | $2,100 |
| 2017-03-22 | Listing removed | $2,100 |
| 2017-03-09 | Listed for rent | $2,100 |
| 2016-08-01 | Sold | $420,000 |
| 2016-07-22 | Pending sale | $450,000 |
| 2016-07-15 | Listed for sale | $450,000 |
