#200187390, Judy Adler, Amy Adler, Listing Office: Windermere Realty Group
$3,190,000 List price
693 Terrace Dr Lake Oswego, OR 97034
4 beds
3 full
3,297 sqft
0.8 acres
$968 / sqft
House
Property details
About 693 Terrace Dr
Welcome to your private oasis in Lake Oswego, a breathtaking property that seamlessly combines modern sophistication with timeless Mediterranean charm. Situated in the desirable "Main Lake" neighborhood, this home underwent a complete remodel in 2018, ensuring every detail reflects exceptional quality and thoughtful design. Two stunning primary suites, one on the main level, make this home a must-see. The bright, open-concept living spaces invite you to enjoy the perfect blend of elegance and comfort, with seamless indoor-outdoor flow that maximizes the stunning waterfront views. Luxurious upgrades include a state-of-the-art electrical system, a durable 50-year metal roof, fully updated plumbing, and warm oak hardwood floors. A five car garage provides ample space for all of your vehicles and more. This home is crafted for both relaxation and entertaining, offering a harmonious and welcoming environment.Step outside to find a newly rebuilt, modern steel-and-glass boathouse that provides a functional and stylish space to store your boat, kayak, or paddle board. It also serves as a tranquil vantage point to soak in the lake's beauty. With 100 feet of private lakefront access, you can start your day with a peaceful boat ride, spend afternoons paddling on the water, or relax on your private dock as the sun sets. Beyond the lakefront, the property is just steps from the scenic Canal Trail, where you can explore lush landscapes, towering trees, and local wildlife. Whether you’re looking for an active adventure or a serene retreat, this home offers the best of both worlds: natural beauty paired with modern luxury. This Lake Oswego property isn’t just a home—it’s a lifestyle. Offering unmatched beauty, premium features, and a sense of tranquility, this is the perfect retreat to create lasting memories for years to come.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Radiant
StatusActive
CoolingCentral Air
Size3,297 sqft
Lot size0.82 Acres
Year built1986
ParkingDriveway
MLS #24560124
Garage5 spaces
WaterfrontLake Front
FireplaceGas Fireplace
ViewLake, Trees/Woods
Summary
- Full Bathrooms: 3
- Appliances: Convection Oven, Dishwasher, Disposal, Microwave
- Basement: No
- Flooring Type: Hardwood, Tile
- Interior: High Ceilings, High Speed Internet, Laundry, Soaking Tub
- Fireplace: Gas Fireplace
- Total Bedroom Count: 4
- Garage Space: 5 spaces
- Attached Garage: No
- Parking: Driveway
- Waterfront: Lake Front
- View: Lake, Trees/Woods
- Exterior: Boat House, Deck, Boat Dock, Garden, Patio, Sprinklers, Workshop, Yard
- Architectural Style: Contemporary, Custom Style
- Heating: Forced Air, Radiant
- Cooling: Central Air
- List Price: $3,190,000
- Price/SqFt: $967
- HOA Amount: $242
- HOA Frequency: Annually
- Annual Tax Amount: $31,015
- Tax Year: 2023
- Lot: Greenbelt, Level, Private, Sloped
- Directions: State St to McVey, R on Southshore, R on Palisades Ter, L on Terrace Dr
- Year Built: 1986
- Stories: 3
- Living Area: 3,297 SqFt
- Lot Size: 0.82 Acres
- MLS Number: 24560124
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Opt
- Office Phone: (503) 704-6673
- Listing Agent: Katherine Henderson
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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,190,000
693 Terrace Dr
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 15, 2013 | Home Sold | $1,750,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,614,906 | $31,015 |
| 2022 | $1,567,870 | $30,095 |
| 2021 | $1,522,204 | $27,793 |
| 2020 | $1,477,868 | $27,095 |
| 2018 | $1,393,033 | $25,131 |
| 2017 | $1,352,459 | $24,249 |
History based on county public records data.
Nearby schools
7
Hallinan Elementary School
Public District KG-5
1.0 mi
•16800 Hawthorne Dr
8
Forest Hills Elementary School
Public District KG-5
1.1 mi
•1133 Andrews Rd
8
Westridge Elementary School
Public District KG-5
1.8 mi
•3400 Royce Way
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $120,694. Most Lake Oswego, OR residents have annual incomes between $100k-200k. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
5%
<35k
35%
35k-100k
38%
100k-200k
22%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
27%
Single, No Kids
6%
Single, with Kids
39%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
10%
12-17 yrs old
9%
18-34 yrs old
50%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis
PGA/LPGA
Where do the neighbors shop?
Nordstrom
Bloomingdales
Chico's
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Qdoba
What do the neighbors drive?
BMW
Lexus
Cadillac
What do the neighbors listen to?
Talk/Personality
News
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 693 Terrace Dr
The listing price of 693 Terrace Dr property is $3,190,000.
The property 693 Terrace Dr is a house located in Lake Oswego, Oregon, 97034.
Active Listing: 693 Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 693 Terrace Dr are: Hallinan Elementary School (GreatSchools Rating 7/10), Forest Hills Elementary School (GreatSchools Rating 8/10), Westridge Elementary School (GreatSchools Rating 8/10), Lake Oswego Junior High School (GreatSchools Rating 8/10), Lakeridge Middle School (GreatSchools Rating 8/10), Riverdale Grade School (GreatSchools Rating 8/10), Lakeridge High School (GreatSchools Rating 9/10), Lake Oswego High School (GreatSchools Rating 10/10), New Urban High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $31,015 (source: MLS/based on county public records data).
The last sale was on August 15, 2013 for $1,750,000 (source: MLS/tax record).
The property at 693 Terrace Dr has 4 bedrooms and 4 bathrooms.
The property 693 Terrace Dr is 3,297 SqFt (source: MLS/tax record).
The year of construction for 693 Terrace Dr is 1986.
This home is located at 693 Terrace Dr in Lake Oswego, OR and zip code 97034. This 3,297 square foot home, which was built in 1986, sits on a 0.82 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 3, 2024 and is currently priced at $3,190,000.
In March 2025, from all listings sold in Lake Oswego, OR there were more than 13 sold above asking price, over 22 sold below and more than 10 were sold right at the asked price. The number of listings in Lake Oswego, OR increased by 15.5% between February and March 2025. In March 2025, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $914,555.
From Rocket Homes Real Estate and based on county public records data.