1 Beds

1 Baths

608 SqFt

Active

A rare opportunity in one of Lake Oswego’s most established neighborhoods. This sprawling 0.388-acre R-7.5 zoned parcel offers the size, privacy, and premier location builders and end-users covet, surrounded by mature trees and newer custom homes that signal where this street is headed. Potential to partition. Value is in the land.Tucked along quiet, winding streets, yet minutes to everything that makes Lake Oswego special. A short stroll to Zupan’s Markets, West Waluga Park, and the vibrant Lake Grove dining and shopping scene. Easy I-5 access for the Portland commute.A modest 1935 cottage currently sits on the lot. Tenant occupied. Showings upon accepted offer. Sold strictly AS-IS for land value. No repairs. Purchaser must confirm all square footage, lot size, zoning, partition feasibility, utilities, permits, and uses to their own satisfaction.Lots like this in Lake Forest don’t come along often.

Property Details
Price $975,000
Bedrooms 1
Full Baths 1
Total Baths 1
Property Style Stories1
Acres 0.388
Stories 1
Year Built 1935
Subdivision LAKE FOREST
Roof Composition
Heating Baseboard
Lot Description Level
Geographic Data
Directions Corner of Waluga Dr & Madrona St
County Clackamas
Latitude 45.407474
Longitude -122.726319
Market Area _147
Address Information
Address 16286 WALUGA DR
Postal Code 97035
City LakeOswego
State OR
Country United States
Listing Information
Listing Office Oregon First
Listing Agent Haiting Qi
Terms CallListingAgent,Cash,Conventional
School Information
Elementary School Lake Grove
Middle School Lake Oswego
High School Lake Oswego
MLS® Information
Days on market 178
MLS® Status Active
Listing Date May 20, 2026
Listing Last Modified Nov 14, 2026
Tax ID 00235515
Tax Year 2026
Tax Annual Amount 2742
MLS® Area _147
MLS® # 611581654

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This information is believed to be accurate, but without any warranty.