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$5,000,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 4 Full Baths
  • 2 Partial Baths
  • 5,907 Sq. Ft.
  • Updated 1 day ago
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Stillwater Vista by TimberRidge Development - A Private Lake Oswego Retreat Above the Water Commanding a premier vantage above Oswego Lake. Stillwater Vista is a rare expression of architectural elegance and effortless lakefront living. Selected for the 2026 Street of Dreams Home Builder Showcase, this residence showcases an exceptional level of design, craftsmanship, and innovation in one of Lake Oswego's most coveted settings. A dramatic great room features 20-foot vaulted ceilings, statement lighting, and a sculptural fireplace, while walls of glass frame serene lake views and open to a vaulted, covered upper terrace with a striking stone fireplace, integrated heating, and outdoor entertaining spaces. The kitchen is both a showpiece and a professional workspace, defined by exposed beam ceilings, a 12-foot island, side-by-side Sub-Zero refrigeration, and a 60-inch Wolf range, complemented by custom inset cabinetry and a fully equipped scullery. An indoor-outdoor bar enhances seamless entertaining. The main-level primary suite offers 17-foot vaulted ceilings, tranquil water views, and a spa-inspired bath with heated floors, slab marble, a soaking tub, and a custom dressing room with island and integrated laundry. The lower level is designed for leisure, featuring a lounge with fireplace, glass-enclosed wine cellar, fitness studio with sauna, and access to a covered lakeside terrace with hot tub and media setup. Residents enjoy access to Oswego Lake via a private neighborhood tram to a dedicated boat slip-an increasingly rare amenity completing this exceptional offering. Stillwater Vista is a showcase, a retreat, and a legacy property designed to be experienced. Estimated completion 7/20/2026.

Full Property Details for 843 Terrace Dr

General

  • Price: $5,000,000
  • HOA FEE: $208/month
  • HOA FEE FREQ.: Annually
  • Taxes: $12,979 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 561633719
  • Updated: 5/4/2026
  • Added to Site: 5 day(s) ago

Interior

  • Interior Features: Garage Door Opener, High Ceilings, Laundry, Skylight(s), Soaking Tub, Vaulted Ceiling(s)
  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Gas
  • Appliances: Built-in Oven, Built-in Refrigerator, Butler's Pantry, Dishwasher, Disposal, Double Oven, Free-Standing Range, Island, Pantry, Range Hood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Partial Bathrooms: 2
  • Main - Full Baths: 1
  • Lower - Full Baths: 3

Bedrooms

  • Total Bedrooms: 4
  • Primary Bedroom: 20 x 13, Main, 260 Sq. Ft.
  • Bedroom 2: 14 x 13, Lower, 182 Sq. Ft.
  • Bedroom 3: 14 x 13, Lower, 182 Sq. Ft.

Other Rooms

  • Family Room: 31 x 19, Lower, 589 Sq. Ft.
  • Kitchen: 21 x 15, Main, 315 Sq. Ft.
  • Dining Room: 14 x 12, Main, 168 Sq. Ft.
  • Office/Den/Study: 14 x 11, Main, 154 Sq. Ft.
  • Mud Room: 12 x 10, Main

Additional Information

  • Shared Amenities: Boat Slip, Lake Easement

Exterior

  • Exterior Features: Built-in Barbecue, Covered Deck, Deck, Fire Pit, Outdoor Fireplace, Yard

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Total Spaces: 3
  • Parking Features: Driveway, On Street

Location

  • County: Clackamas
  • Subdivision: PALISADES TERRACE
  • Driving Directions: South Shore Blvd to Palisades Terrace Drive to Terrace Drive

School Information

  • Elementary School: Hallinan
  • Middle School: Lakeridge
  • High School: Lakeridge

Community

  • Community Name: 147 - Lake Oswego, West Linn
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: EnergyStar Air Conditioning
  • Heating Type: ENERGY STAR Qualified Equipment, Forced Air - 90%, Heat Pump
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Custom Style, Traditional
  • Basement Desc.: Daylight, Finished, Full Basement
  • Roof: Composition, Metal
  • Windows: Double Pane Windows, Triple Pane Windows
  • Stories/Levels: 2
  • Square Feet: 5,907
  • Year Built: 2026
  • Property Condition: Under Construction

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 17,859
  • Lot Size: 15, 000 to 19, 999 SqFt
  • Frontage: Paved
  • Lot Features: Bluff, Sloped, Trees

Water Features

  • Water Front: Yes
  • Water Front Desc.: Lake
  • Lake Front: Yes

Financial Considerations

  • Association Fee: $2,500
  • Assoc Fee Freq.: Annually
  • Other Assoc Fees: $2,985
  • Tax Amount: $12,979.66
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: 2972 THE TERRACE LT 10
  • Disclosures/Reports: Exempt
  • Property ID: 1503572

Listed by LUXE Forbes Global Properties (503) 389-2112, Steve Odermann (971) 275-5657 and LUXE Forbes Global Properties (503) 389-2112, Bekah McGuire (503) 260-0309

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Listing agents

— 843 Terrace Dr —

  • Steve Odermann

    LUXE Forbes Global Properties

    503-389-2112

  • Bekah McGuire

    LUXE Forbes Global Properties

    503-389-2112

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 843 Terrace Dr

School District:Lake Oswego School District 7j
NameGradesDistance
Hallinan Elementary School
16800 Hawthorne Drive, Lake Oswego, OR 97034
K-51.2 mi
Lakeridge Middle School, Lake Oswego, OR
4700 Jean Road, Lake Oswego, OR 97035
6-82.2 mi
Lakeridge High School
1235 Overlook Drive, Lake Oswego, OR 97034
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 843 Terrace Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2026
Listed
$5,000,000
566.67%
MLS
8/01/2024
Sold
$750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 843 Terrace Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,980
-2%
$710,855
3%
2024
$13,258
3%
$690,151
3%
2023
$12,869
12%
$670,050
6%
2021
$11,532
-8%
$631,587
-3%
2022
$12,487
8%
$650,534
6%
2021
$11,532
5%
$613,192
3%
2019
$10,966
5%
$595,333
3%
2018
$10,428
4%
$577,993
3%
2017
$10,062
10%
$561,158
3%
2016
$9,159
4%
$544,814
3%
2015
$8,848
1%
$528,946
3%
2014
$8,734
2%
$513,540
3%
2013
$8,576
—
$498,583
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by LUXE Forbes Global Properties (503) 389-2112, Steve Odermann (971) 275-5657 and LUXE Forbes Global Properties (503) 389-2112, Bekah McGuire (503) 260-0309

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843 Terrace Dr, Lake Oswego, OR 97034 (MLS# 561633719) is a Single Family property with 4 bedrooms, 4 full bathrooms and 2 partial bathrooms. 843 Terrace Dr is currently listed for $5,000,000 and was received on May 01, 2026. Want to learn more about 843 Terrace Dr? Do you have questions about finding other Single Family real estate for sale in Lake Oswego? You can browse all Lake Oswego real estate or contact a Coldwell Banker agent to request more information.

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