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16755 Graef Cir, Lake Oswego, OR 97035

$4,000,000
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Property Description

Come enjoy one of the top 10 waterfronts on Lake Oswego! 3 owners in the past 96 years tells the story of this tasteful, updated home with stunning waterfront views from nearly every room. Spectacular estate-like feel on a spacious double lot (2 tax lots), with 160 feet of waterfront and coveted SW exposure for fabulous light and sun year round. Well designed floorplan with excellent separation of space, yet comfortable areas for entertaining and family living. Oak Hardwood flooring throughout the main level. Gorgeous kitchen designed by Rhonda Divers with honed granite counters and stainless Dacor appliances, panoramic lake views and adjacent patio for BBQ and outdoor dining. Comfortable family room is also on the main level with the kitchen. The large primary suite contains vaulted ceilings, an updated bathroom with quartz counters and heated flooring, a double headed walk-in shower and Victoria and Albert soaking tub. Spacious Primary closet has His/Hers sides, custom designed by California Closets. In addition to the three bedrooms upstairs, including the primary, there is a loft area for additional office/study space. The main floor room can be used as a 5th bedroom but is currently being used as formal office. Continue to the lower level with a bedroom, full bath and bonus room with Entertainment center, fireplace and built-ins all leading to expansive decking, hot tub, and steps to the lake. Nothing compares to the breathtaking yard with a large grass area, raised garden beds, and mature foliage. Amazing updated boathouse with lift, spacious covered waterfront entertaining area, board/kayak storage and dock. Garden room, shop and exceptional storage throughout. In addition, for those unexpected winter days, there is whole house Generac generator recently installed. Located on West Bay Lake Oswego, coveted for its close proximity to the main lake, serene no-wake zoning and spacious water area. Very private and quiet street location, with parking for 5 cars.

16755 Graef Cir | MLS# 799857840

This single family home located at 16755 Graef Cir, Lake Oswego, OR 97035 is currently listed for sale with an asking price of $4,000,000. This property was built in 1930 and has 5 bedrooms and 4 full baths with 4566 sq. ft. Graef Cir is located in the West Bay-Lake Oswego subdivision. Search West Bay-Lake Oswego real estate on otiscraig.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: None
Cooling: Central Air, Heat Pump
Fireplaces: 2
Fuel Type: Electricity, Gas
Garage: 2 car attached
Heating: Forced Air
Home Style: Traditional
Roof Type: Composition
Stories: 3.0
Taxes: $27,492
Year Built: 1930
Square Feet: 4,566

Feature Descriptions

Bathroom: 1.0 (Lower), 1.0 (Main), 2.0 (Upper)
Body of Water: Lake Oswego
Days on Site: 1
Exterior: Shake Siding
Exterior: Boat House, Deck, Dock, Outbuilding, Raised Beds, Sprinkler, Yard
Fireplace: Gas, Wood Burning
HOA Fee: Fee 1 - $3750.00 (Annually), Fee 2 - $7500.00 (OneTime)
Hot Water: Gas
Interior: Garage Door Opener, Granite, Hardwood Floors, Heated Tile Floor, Laundry, Tile Floor, Vaulted Ceiling(s), Wall to Wall Carpet
Kitchen: Built-in Oven, Cooktop, Dishwasher, Disposal, Free-Standing Refrigerator, Gas Appliances, Granite, Instant Hot Water, Microwave, Pantry, Plumbed For Ice Maker, Range Hood, SolidSurfaceCountertop, Stainless Steel Appliance(s)
Lot: Gentle Sloping, Level
Parking Notes: Attached, Oversized, Driveway
Sewer: Public Sewer
Special View Info: Lake, Territorial
Square Footage: 1040 (Lower), 1762 (Main), 1764 (Upper)
Water: Public Water
Waterfront: Lake

Room Sizes

4th Bedroom: 9 X 11 Level - Lower
Office: 15 X 9 Level - Main
Bonus Room: 25 X 17 Level - Lower
2nd Bedroom: 13 X 21 Level - Upper
3rd Bedroom: 13 X 28 Level - Upper
Dining Room: 12 X 20 Level - Main
Family Room: 23 X 12 Level - Main
Kitchen: 11 X 14 Level - Main
Living Room: 12 X 25 Level - Main
Primary Bedroom: 20 X 22 Level - Upper

Local Schools

High School: Lakeridge
Middle School: Lakeridge
Elementary School: Westridge

Listed By / Shown By

Listed By

Agency Name: Cascade Hasson Sotheby's International Realty
Agency Phone: 503-420-8650

Shown By

Agent Name: Otis Craig, Broker
Agent Phone: Cell: (541) 771-4824
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 23,683.84 per month $20,226.18 Principal & Interest $2,291.00 Property Tax $1,166.67 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/05/2026. The listing information on this page last changed on 04/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 04/05/2026 1:28:13 AM EST) or RMLS (last updated Sun 04/05/2026 1:22:18 AM EST) or COAR/MLSCO (last updated Sun 04/05/2026 1:21:18 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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