About 16755 Graef Cir
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.
Features of 16755 Graef Cir
| MLS® # | 657433777 |
|---|---|
| Price | $3,495,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 4,781 |
| Acres | 0.28 |
| Year Built | 1930 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 16755 Graef Cir |
|---|---|
| Area | 147 - Lake Oswego, West Linn |
| Subdivision | West Bay |
| City | Lake Oswego |
| County | Clackamas |
| State | OR |
| Zip Code | 97035 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Driveway, On Street |
| # of Garages | 2 |
| Garages | Attached |
| View | Lake |
| Is Waterfront | No |
| Waterfront | Lake |
| Has Pool | No |
Interior
| Interior Features | Granite, Hardwood Floors, Skylight(s), Tile Floor, Vaulted Ceiling(s), Wall to Wall Carpet, Washer/Dryer, Heated Tile Floor |
|---|---|
| Appliances | Built-in Range, Butler's Pantry, Cooktop, Disposal, Free-Standing Refrigerator, Gas Appliances, Granite, Instant Hot Water, Microwave, Pantry, Range Hood, Stainless Steel Appliance(s) |
| Heating | Forced Air |
| Cooling | Central Air, Heat Pump |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| Fireplaces | Gas, Wood Burning |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Daylight, Exterior Entry, Finished |
Exterior
| Exterior | Shake Siding |
|---|---|
| Exterior Features | Deck, Outbuilding, Raised Beds, RV/Boat Storage, Sprinkler, Yard, Boat House, Dock |
| Lot Description | Gentle Sloping |
| Windows | Double Pane Windows |
| Roof | Shake |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Westridge |
|---|---|
| Middle | Lakeridge |
| High | Lakeridge |
Additional Information
| Date Listed | August 14th, 2026 |
|---|---|
| Days on Market | 37 |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 3750 |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Spears Property Group |
|---|
