16755 GRAEF CIR, Lake Oswego, OR 97035 | MLS #799857840 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Cascade Hasson Sotheby's International RealtyMLS# 799857840MLS Provider
  • 87 days on site
  • 24 views

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.

Source: Regional MLS, MLS#: 799857840

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  • Property Type
    Residential

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John Nieland
  • John Nieland
  • Principal Broker, Licensed in Oregon
  • Lake Oswego State Street Office
  • Mobile Phone 503-730-5055
  • Client Ratings:
Nicole Nieland

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  • Median Age
    43
  • Population Density
    4,360
  • College Educated
    74%
  • Estimated Median Income
    $103,299
  • Estimated Total Home Owners
    7,335
  • Estimated Total Renters
    3,627
  • Owner / Renter Divide
    67% / 33%
  • Estimated Average Household Size
    2
  • Total Population
    26,721
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
6/19/2026Source: Regional MLS Price Reduction
$3,500,000 -4.1%
John Nieland
Listing Agent
6/2/2026Source: Regional MLS Price Reduction
$3,650,000 -5.8%
John Nieland
Listing Agent
5/8/2026Source: Regional MLS Price Reduction
$3,875,000 -1.3%
John Nieland
Listing Agent
4/27/2026Source: Regional MLS Price Reduction
$3,925,000 -1.9%
John Nieland
Listing Agent
4/3/2026Source: Regional MLS Added to Database
April 03, 2026
John Nieland
Listing Agent