A Dream Come True on Oswego Lake!

US $5,250,000
584 Ridgeway Rd
Lake Oswego, Oregon, United States
Status: Active

Sometimes opportunity knocks.

Sometimes it hires a billboard with flashing lights.

This stunningly reimagined Traditional home on a gated .63-acre lot located on the Lakewood Peninsula with approximately 140 feet of southern-exposure lakefront with a fantastic boathouse featuring a rooftop deck is absolutely the billboard kind of opportunity.

With a recently updated interior where every surface is tuned to perfection and an enviable sunny southern exposure on Oswego Lake, this property is a dream come true. From the gated driveway bordered by a tall camellia hedge, it’s clear from the first glimpse that this is a special place.

Step inside this light-filled home and you are immediately drawn to the gorgeous lake view framed by a wall of windows in the inviting living room. Fresh Benjamin Moore paint in the perfect shade of white and new light oak hardwoods are the perfect complements to the star of the show – the lush greens and bright blues of the stunning view. The newly re-envisioned gas fireplace features a smooth stucco finish fitting the effortlessly elevated aesthetic of the space. The sleek, round chandelier is new and illuminates the room where you’ll love to gather with friends and family for everything from special occasions to quiet weeknights.

A wide arch divides the living room from the spectacular kitchen where grey-hued painted cabinetry and Caesarstone countertops set the stage for the heart of the home. An oversized island offers a touch of contrast with a dark base painted November Storms by Hirshfield’s that matches the corbels and trim on the broad range hood hanging above the six-burner plus griddle/grill Thermador range with a pot filler. Hexagonal tiles form the new backsplash in complementary shades of gray. The ceiling-height custom cabinetry includes a coffee bar and an understated display space with wire mesh inserts that adds texture and interest. Top-of-the-line appliances include a cabinet-font SubZero side-by-side refrigerator, a SubZero wine fridge and dual Asko dishwashers. The informal dining space overlooks the lake and the adjacent French door leads out to the deck for easy access to the grill and outdoor dining and seating area.

The formal dining room is conveniently located just off the kitchen with a view of the front yard. Completely surrounded by tall hedges, the lush and level front yard is an ideal entertaining and relaxing space with complete privacy. The oversized driveway is gated creating a safe place to play without worry about stray balls rolling into the street. The eye catching gas lanterns were sourced from New Orleans and cast a warm flickering glow over this secret garden-like space.

With a layout ideal for main-floor living, the primary suite is also located at one end of this level. Featuring a woodsy lake view, this space feels like a private haven tucked among the treetops. A full wall of windows and sliding French patio doors provide soft, natural light filtered through the tree branches casting the space in a warm glow. Outfitted with all new light fixtures, the bedroom and ensuite bath are a quiet retreat. The primary bath features heated tile floors, an oversized walk-in shower with dual shower heads and a gracefully-curved freestanding soaking tub that sits in an arched alcove with a view of the treetops. The walk-in closet features boutique-style closets, a storage island, a built-in dresser, custom shoe storage and a convenient door connecting to the laundry room.

Easy access from the primary suite isn’t the only special feature of the laundry room. A separate entrance from the front yard provides a perfect entry point for caterers to use this oversized space for staging. Complete with a second refrigerator, sink and ample counter space, this multi-function utility room also has a built-in desk for use as an additional workspace.

Finally, the main floor includes a fantastic home office with a private deck overlooking the lake and a private entrance off the side of the house. Paneled in warm knotty pine, the office is bright and spacious with room for an executive desk and a seating area in front of the gas fireplace with a stone surround and live-edge mantle. Sliding French patio doors frame a glorious lake view and bring natural light into the space.

Take the wide staircase down to the daylight basement where the family room opens to a covered deck and the beautifully-landscaped terraced grounds. This welcoming room is perfect for movie nights with a gas fireplace to make things cozy. Three bedrooms, one with an ensuite bath, are located off the family room. A wine cellar and a huge dry storage space are also accessed on this level.

Outside, the fantastic backyard is parklike and private with deeded lake irrigation rights. Landscape lighting and gravel paths bordering lush beds loaded with flourishing fruit trees, a bouquet of heirloom flowers and lush shrubs zig-zag down to a wide grass lawn and the boathouse. Perfect for playing in the sun or hosting a party, the lawn is level with sun and shade and an incredible view. This quiet, no-wake zone is an ideal spot to kayak and SUP board right from your own dock. Two mooring whips make it easy for friends to tie off at the boat house and enjoy sun-drenched days and star-filled nights on the rooftop patio. This patio is an entertainer’s dream with a covered pergola and an uncovered deck perfect for lounging in the sun. Downstairs, the cedar-paneled interior includes a boat lift, paddle board storage and a kitchenette with a sink and space for a microwave and fridge.

This property offers all the best levels of the lake – from a medium-bank home that affords the perfect vantage point for gorgeous views from sunrise to sunset to the approximately 140 feet of lakefront, this is a place where you can enjoy the vacation where you live lifestyle. The neighborhood is highly walkable with easy access to the Farmer’s Market, shopping and restaurants of downtown Lake Oswego.

As the Ladd Estate Company’s 1925 advertisement for the Lakewood district said: “There is no more beautiful spot anywhere.” We agree.

Full Baths
Half Baths
Square Feet

Listing Agent


Terry Sprague

LIC.# 200509281

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This unique 4 Bedroom home with 3 Bathrooms is a prime example of the luxury real estate available in Lake Oswego, Oregon. You can visit our Oregon search pages for more luxury real estate choices in Lake Oswego.