516 7TH ST, Lake Oswego, OR 97034

$1,430,000
3
BD
2
BA
1,997
SqFt

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Sold Price
$1,430,000
List Price
$1,425,000
Closing Date
Jun 29, 2026
Days on Market
18
Status
SOLD
MLS#
248208838
Bedrooms
3
Bathrooms
2
Living Area
1,997
Lot Size
5, 000 to 6, 999 SqFt
Region
Lake Oswego, West Linn

Property Description

Perfectly positioned in the heart of First Addition, this architecturally distinctive custom residence offers a rare opportunity to experience design-forward living in one of Lake Oswego’s most coveted walkable neighborhoods. Just moments from downtown’s acclaimed restaurants, boutiques, coffee shops, parks, and the beloved Saturday Farmers’ Market, the home delivers a lifestyle that is both vibrant and effortlessly convenient.A rarity for the neighborhood and price point, the home’s custom architecture creates a remarkable sense of volume and openness rarely found in similarly sized residences. At its center, a dramatic vaulted great room is illuminated by thoughtfully placed skylights that draw natural light throughout the living spaces, creating an atmosphere that feels both expansive and inviting. The great room flows seamlessly to a covered outdoor living area, beautifully landscaped backyard, and established gardens, encouraging year-round indoor-outdoor living. A striking floating staircase serves as both an architectural statement and sculptural focal point, ascending to a versatile loft space and private upper-level primary retreat. The result is a home that balances architectural interest with exceptional everyday livability. The flexible floor plan offers options for a variety of lifestyles. Two main-level bedrooms separated by a full bath provide ideal accommodations, while also presenting an intriguing opportunity for future conversion into an expansive main-level primary wing. Thoughtfully maintained and updated, the sellers have recently completed a full interior repaint, installed a new heat pump as part of a comprehensive HVAC upgrade, modernized the electrical system with a new service panel designed to support electric vehicle charging and today’s technology demands. For buyers seeking architectural character, abundant natural light flexible living spaces, meaningful updates, and exceptional walkability, this is a truly unique opportunity!

Additional Information

Tax Amount
$10,376
Year Built
1962
High School
Lake Oswego
Elementary School
Forest Hills
Middle School
Lake Oswego
Garage Spaces
1
Garage Type
Attached
Acres
0.13
Living Area
1,997
Stories
2
Subdivision
FIRST ADDITION
Property Type
Single Family Residence
Terms
Cash, Conventional
Accessibility Features
Natural Lighting
Master Bedroom Level
Upper
Cooling Description
Heat Pump
Fuel Description
Gas
Heating Description
Heat Pump
Hot Water Description
Gas
Exterior Description
Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Style
Contemporary
View
Trees/Woods
Parking
Driveway, On Street
Parking Description
Driveway, On Street
Road Surface
Paved
Exterior Features
Covered Patio, Fenced, Yard
Interior Features
Ceiling Fan(s), Garage Door Opener, Granite, Hardwood Floors, High Ceilings, Laundry, Skylight(s), Vaulted Ceiling(s), Wall to Wall Carpet
Kitchen Appliances
Built-in Range, Dishwasher, Disposal, Free-Standing Refrigerator, Gas Appliances, Granite

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Calculator source: Real Geeks

Listing courtesy of LUXE Forbes Global Properties. Selling Office: Move Real Estate Inc.

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