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516 7th St, Lake Oswego, OR 97034

$1,425,000

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Property Description

Perfectly positioned in the heart of First Addition, this architecturally distinctive custom residence offers a rare opportunity to experience design-forward living in one of Lake Oswego's most coveted walkable neighborhoods. Just moments from downtown's acclaimed restaurants, boutiques, coffee shops, parks, and the beloved Saturday Farmers' Market, the home delivers a lifestyle that is both vibrant and effortlessly convenient.A rarity for the neighborhood and price point, the home's custom architecture creates a remarkable sense of volume and openness rarely found in similarly sized residences. At its center, a dramatic vaulted great room is illuminated by thoughtfully placed skylights that draw natural light throughout the living spaces, creating an atmosphere that feels both expansive and inviting. The great room flows seamlessly to a covered outdoor living area, beautifully landscaped backyard, and established gardens, encouraging year-round indoor-outdoor living. A striking floating staircase serves as both an architectural statement and sculptural focal point, ascending to a versatile loft space and private upper-level primary retreat. The result is a home that balances architectural interest with exceptional everyday livability. The flexible floor plan offers options for a variety of lifestyles. Two main-level bedrooms separated by a full bath provide ideal accommodations, while also presenting an intriguing opportunity for future conversion into an expansive main-level primary wing. Thoughtfully maintained and updated, the sellers have recently completed a full interior repaint, installed a new heat pump as part of a comprehensive HVAC upgrade, modernized the electrical system with a new service panel designed to support electric vehicle charging and today's technology demands. For buyers seeking architectural character, abundant natural light flexible living spaces, meaningful updates, and exceptional walkability, this is a truly unique opportunity!

516 7th St | MLS# 248208838

This single family home located at 516 7th St, Lake Oswego, OR 97034 is currently listed for sale with an asking price of $1,425,000. This property was built in 1962 and has 3 bedrooms and 2 full baths with 1997 sq. ft. 7th St is located in the FIRST ADDITION subdivision. Search FIRST ADDITION real estate on elizabethueland.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Crawl Space
Cooling: Heat Pump
Fenced: Yes
Fuel Type: Gas
Garage: 1 car attached
Heating: Heat Pump
Home Style: Contemporary
Lot Size: 0.13 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $10,377
Year Built: 1962
Square Feet: 1,997

Feature Descriptions

Accessibility: Natural Lighting
Bathroom: 1.0 (Main), 1.0 (Upper)
Days on Site: 8
Exterior: Covered Patio, Fenced, Yard
Exterior: Wood Siding
Hot Water: Gas
Interior: Ceiling Fan(s), Garage Door Opener, Granite, Hardwood Floors, High Ceilings, Laundry, Skylight, Vaulted Ceiling(s), Wall to Wall Carpet
Kitchen: Built-in Range, Dishwasher, Disposal, Free-Standing Refrigerator, Gas Appliances, Granite
Lot: Level
Parking Notes: Attached, Driveway, OnStreet
Sewer: Public Sewer
Special View Info: Trees/Woods
Square Footage: 1523 (Main), 442 (Upper)
Water: Public Water

Room Sizes

Loft: 13 X 5 Level - Upper
Laundry: 7 X 5 Level - Main
Storage: 8 X 4 Level - Main
2nd Bedroom: 14 X 13 Level - Main
3rd Bedroom: 10 X 10 Level - Main
Dining Room: 9 X 7 Level - Main
Family Room: 18 X 10 Level - Main
Kitchen: 12 X 11 Level - Main
Living Room: 20 X 15 Level - Main
Primary Bedroom: 15 X 13 Level - Upper

Local Schools

High School: Lake Oswego
Middle School: Lake Oswego
Elementary School: Forest Hills

Listed By / Shown By

Listed By

Agency Name: LUXE Forbes Global Properties
Agency Phone: 503-389-2112

Shown By

Agent Name: Elizabeth Ueland Principal Broker
Agent Phone: (310) 213-3151
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 8,485.95 per month $7,205.58 Principal & Interest $864.75 Property Tax $415.63 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 06/20/2026. The listing information on this page last changed on 06/20/2026. 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 Sat 06/20/2026 12:22:53 AM EST) or RMLS (last updated Fri 06/19/2026 5:41:31 PM EST) or COAR/MLSCO (last updated Sat 06/20/2026 12:21:30 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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