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Alana Marseglia

alana@alanamarsegliahomes.com +1(707) 687-8826

Listed by Cascade Hasson Sotheby's International Realty

$ 4,300,000

Est. payment -/mo

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Open Sun 12PM-2PM

616 CABANA LN Lake Oswego, OR 97034

5 Beds

4 Baths

3,838 SqFt

Open House

Sun May 24, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,838 sqft

Price per Sqft $1,120

Subdivision Lakewood Bay

MLS Listing ID 364086832

Style Stories2, Capecod

Bedrooms 5

Full Baths 4

HOA Fees $1,500/ann

HOA Y/N Yes

Year Built 2002

Annual Tax Amount $31,535

Tax Year 2025

Lot Size 8,276 Sqft

Property Sub-Type Single Family Residence

Property Description

From the moment you arrive, you'll be captivated by the rare blend of storybook charm, effortless luxury, and waterfront living that defines this exceptional Cabana retreat on Oswego Lake's coveted Lakewood Bay. Located in the heart of downtown Lake Oswego, this beautifully renovated residence offers the rare opportunity to enjoy serene lakefront living with unmatched walkability to restaurants, coffee shops, boutiques, and everyday amenities. Fully renovated in 2019, the home was thoughtfully designed for seamless indoor/outdoor living and effortless entertaining. Begin your mornings paddleboarding into town for coffee, spend sunny afternoons on your private Southern facing dock, and end the evening boating to dinner or hosting sunset gatherings along the bay.The gourmet kitchen opens beautifully to the great room overlooking the water, while covered outdoor entertaining spaces create an inviting extension of the home year-round. The main residence offers a main-level guest suite adjacent to a remodeled full bath. Upstairs, the primary suite features vaulted ceilings, skylights, a walk-in closet, and French doors opening to a private deck overlooking the bay. Two additional bedrooms plus a spacious den or optional fifth bedroom provide flexibility for a home office, gym, or media room. Elevator access to all floors and a charming upper-level laundry chute add convenience and character. Outdoor spaces feel equally magical, with a private courtyard featuring lush gardens, elegant fountain, gas fireplace, two patios, and a fully fenced low-maintenance turf yard. The detached guest cottage offers a luxurious retreat with a bright bedroom, lower-level living area, wine cellar, and private patio with gas fireplace. Four garage spaces, a private boathouse with lift, rare no-stair water access, true walkability, and turn-key condition make this a true unicorn! This is more than a home—It is one of Lake Oswego's most coveted waterfront lifestyles.

Location

State OR

County Clackamas

Area _147

Rooms

Basement None

Interior

Interior Features Ceiling Fan, Central Vacuum, Elevator, Granite, Hardwood Floors, Heated Tile Floor, Jetted Tub, Laundry, Marble, Quartz, Separate Living Quarters Apartment Aux Living Unit, Skylight, Sound System, Sprinkler, Tile Floor, Vaulted Ceiling, Washer Dryer

Heating Forced Air

Cooling Central Air

Fireplaces Number 3

Fireplaces Type Gas

Appliance Appliance Garage, Builtin Refrigerator, Dishwasher, Disposal, Double Oven, Free Standing Gas Range, Gas Appliances, Instant Hot Water, Island, Marble, Microwave, Pantry, Pot Filler, Quartz, Range Hood, Wine Cooler

Exterior

Exterior Feature Boat House, Covered Deck, Dock, Fenced, Fire Pit, Gas Hookup, Guest Quarters, Outdoor Fireplace, Patio, R V Boat Storage, Second Garage, Sprinkler, Water Feature, Yard

Parking Features Attached, Detached, Tandem

Garage Spaces 4.0

Waterfront Description Lake

View Lake, Trees Woods

Roof Type Composition

Accessibility AccessibleElevatorInstalled, CaregiverQuarters, MainFloorBedroomBath, Parking, UtilityRoomOnMain

Garage Yes

Building

Lot Description Private, Private Road

Story 2

Foundation Other

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Forest Hills

Middle Schools Lake Oswego

High Schools Lake Oswego

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-3d-home/7ab7bc27-0c8a-4b4a-a2de-7ee4b69c7dfc?setAttribution=mls

Regional Multiple Listing Service (RMLS)