L
ake Oswego’s high‑end market has seen a flurry of activity this fall, with several multimillion‑dollar transactions underscoring the area’s appeal to affluent buyers.
**291/29 Lake Oswego** – A 6,140‑sq‑ft glass‑fronted modern estate closed at $9.45 million in September. The design features sliding, see‑through walls that open onto nearly 280 ft of private shoreline. Terry Sprague of LUXE Forbes Global Properties, who handled the sale, also secured a $9 million deal in October for a half‑acre waterfront property. Inside the 9,273‑sq‑ft home, a dedicated car‑display room with a rotating turntable and a gym wall signed by Dallas Cowboys players—who once rented the house for $25,000 a night—add to its allure. Sprague attributes the recent surge to stock‑market wealth creation, limited inventory, and a growing fear of missing out.
**141/14 Oswego Lake** – This gated lakeside estate sold for $8.5 million in September. The 5,162‑sq‑ft contemporary home is accessed by a floating staircase or elevator on the upper levels. A custom‑rising‑floor boathouse lifts boats out of the water and seals them in the slip. At $1,647 per square foot, the price was $707 above the city average. Brokers Kathy and Kevin Hall of Cascade Hasson Sotheby’s International Realty noted that while market data informs pricing, the overall lifestyle package ultimately drives decisions.
The city currently lists 130 residential properties above $1 million. Two of the most expensive listings illustrate the range of luxury options:
- **12850 Fielding Road** – Priced at $9.95 million, this nearly 3‑acre estate on the Willamette River boasts a 19,444‑sq‑ft mansion. Highlights include a ballroom, theater with stage, grand fireplace, Juliet balconies, a billiards room with bar and kitchen, a forest‑themed playroom, and a spa‑retreat primary suite. The home offers eight bedrooms and 11 full bathrooms. Listing agents Steve Nassar and Robert Fine of Premiere Property Group emphasize the property’s blend of elegance and comfort.
- **18418 Old River Landing** – Listed for $6.895 million on a 1.15‑acre parcel, this 8,077‑sq‑ft mansion features a chef’s kitchen centered on an 11‑ft granite island, a temperature‑controlled double‑sided glass wine cellar, a hidden media/game room with a pool table, a 10‑car garage with lifts, and guest quarters. A wraparound dock includes a covered solar boat lift and two WaveRunner ports, catering to a full river lifestyle. Steve Nassar and Kristina Horning of Premiere Property Group highlight the property’s modern amenities and waterfront access.
Other notable listings in the area include a mid‑century ranch priced at $739 k, a 1913 Colonial Revival mansion on NE Portland for $3 million, and a Victorian‑era home range from $500 k to $1.5 million. Recent developments also feature a $70 million grain silo acquisition by 1803 Fund to support the Black community and a $7 million settlement in a rent‑setting algorithm lawsuit. These diverse transactions reflect Lake Oswego’s dynamic real‑estate landscape and its appeal to a broad spectrum of high‑net‑worth buyers.
