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Evan Mann, Broker
REALTOR®
(541) 977-6666
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16755 Graef Cir, Lake Oswego, OR 97035

$3,600,000

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Property Description

A rare opportunity to own one of Lake Oswego's most coveted waterfront properties. Set on a double lot with approximately 160 feet of West Bay shoreline, this estate blends classic architecture with thoughtful modern updates, offering indoor-outdoor living, panoramic sunset views over the lake, and a peaceful waterfront lifestyle.Features include hardwood floors throughout the main level. The designer kitchen with SW facing windows has honed granite counters & Dacor appliances, adjacent covered patio for tranquil outdoordining. Next to the kitchen is the family room also with sweeping views. Upstairs, the large primary suite contains vaulted ceilings, a gorgeous bathroom has quartz countertops and heated floors, a two head walk-in shower and Victoria and Albert soakingtub. Two roomy primary closets are outfitted with California closets organizers. Between the primary and the two additional upstairs bedrooms is a multi-person study loft. The main floor office could be a 5th bedroom. The lower level includes a bedroom, full bath and bonus room with abundant built-ins, fireplace and access to the large deck across the entire back of the house. There is also a hot tub, and easy access to the lake. Taken together the house, deck, garden, yard and boathouse are incredible for events of all sizes. Property is irrigated with lake water. Don't miss the photos of the garden and sunset. Don't miss the updated boat house with lift, kayak storage, dock, and covered relaxation area. Abundant storage throughout. Ideally located on the no wake West Bay of Lake Oswego with easy access to the main lake. Parking for 5 cars. Whole house Generac generator installed in 2024.

16755 Graef Cir | MLS# 657433777

This single family home located at 16755 Graef Cir, Lake Oswego, OR 97035 is currently listed for sale with an asking price of $3,600,000. This property was built in 1930 and has 5 bedrooms and 4 full baths with 4781 sq. ft. Graef Cir is located in the West Bay subdivision. Search West Bay real estate on evanmann.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Daylight, Exterior Entry, Finished
Basement: Yes
Cooling: Central Air, Heat Pump
Fireplaces: 2
Fuel Type: Electricity, Gas
Garage: 2 car attached
Heating: Forced Air
Home Style: Traditional
Roof Type: Shake
Stories: 3.0
Taxes: $27,492
Year Built: 1930
Square Feet: 4,781

Feature Descriptions

Accessibility: Accessible Entrance, Garage on Main, Parking
Bathroom: 1.0 (Lower), 1.0 (Main), 2.0 (Upper)
Body of Water: Lake Oswego
Days on Site: 10
Exterior: Boat House, Deck, Dock, Outbuilding, Raised Beds, RV-Boat Storage, Sprinkler, Yard
Exterior: Shake Siding
Fireplace: Gas, Wood Burning
HOA Fee: Fee 1 - $3750.00 (Annually)
Hot Water: Gas
Interior: Granite, Hardwood Floors, Heated Tile Floor, Skylight, Tile Floor, Vaulted Ceiling(s), Wall to Wall Carpet, Washer-Dryer
Kitchen: Built-in Range, Butlers Pantry, Cooktop, Disposal, Free-Standing Refrigerator, Gas Appliances, Granite, Instant Hot Water, Microwave, Pantry, Range Hood, Stainless Steel Appliance(s)
Lot: Gentle Sloping
Parking Notes: Attached, Driveway, OnStreet
Sewer: Public Sewer
Special Tax Assessment: $7500.00
Special View Info: Lake
Square Footage: 1049 (Lower), 1783 (Main), 1949 (Upper)
Water: Public Water
Waterfront: Lake

Local Schools

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

Listed By / Shown By

Listed By

Agency Name: Spears Property Group
Agency Phone: 503-522-8269

Shown By

Agent Name: Evan Mann, Broker
Agent Phone: (541) 977-6666
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 21,544.56 per month $18,203.56 Principal & Interest $2,291.00 Property Tax $1,050.00 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 08/27/2026. The listing information on this page last changed on 08/27/2026. 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 Thu 08/27/2026 12:06:20 AM EST) or RMLS (last updated Thu 08/27/2026 12:02:28 AM EST) or COAR/MLSCO (last updated Thu 08/27/2026 12:01:25 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.

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