INCREDIBLE OPPORTUNITY! The only lake view cottage on the Peninsula in downtown Lake Oswego under $1.2M; overlooking Oswego Lake's Lakewood Bay is this rare tree-less site w/commanding views & the ability to build a detached guest quarters w/out obstructing the views. W/downtown LO w/in sight this 2 bedroom, 2.1 bath resort style home is the perfect penthouse alternative. The property comes w/access to 3 lake easements-blocks to town
Single-familyProperty Type
1960Year Built
7,840 sq ftLot Size
$811Est. Price/Sq.Ft.
2 car garageParking
Listed by Justin Harnish• Harnish Properties
Listed by Kristi Harnish• Harnish Properties
Bought with Steve Nassar• Premiere Property Group, LLC
Beautiful, private home in quiet LO nbhd. Grand stacked stone fp, rich hdwd floors, whitewashed beams, rustic wood doors. Open kit w/custom painted cabinets, SS appliances, bay window. Master suite on upper lvl w/stunning views of lake. Lower lvl en suite bedroom/den. 3 sets of French doors in bright living room open to backyard w/covered & entertaining patios, lawn, all w/lake views. 3 boat/swim easements. 3 blks to coffee-shopping.
Public Records
Jul 11, 2008
Sold
$775,000
$410/sq ft
Public Records
Oct 27, 2005
Sold
$621,000
$329/sq ft
Public Records
Sep 17, 2004
Sold
$534,000
$283/sq ft
Public Records
Jul 24, 2003
Sold
$495,000
$262/sq ft
Public Records
Jan 16, 2001
Sold
$387,000
$205/sq ft
Public Records
Sep 10, 1999
Sold
$248,000
$131/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$11,227 (+2.7%)
2024
$10,927 (+3.0%)
2023
$10,606 (+3.1%)
2022
$10,292 (+8.3%)
2021
$9,504 (+2.6%)
2020
$9,266 (+2.5%)
2019
$9,038 (+20.6%)
2018
$7,494 (+3.6%)
2017
$7,231 (+9.9%)
2016
$6,582 (+3.5%)
2015
$6,359 (+1.3%)
2014
$6,277 (+1.8%)
2013
$6,163 (+2.9%)
2012
$5,989 (+3.5%)
2011
$5,784 (+1.7%)
2010
$5,686
2009
$5,686
Tax history for 547 Middlecrest Rd
Year
Property tax
Land + Additions
Assessment*
2025
$11,227 (+2.7%)
2024
$10,927 (+3.0%)
2023
$10,606 (+3.1%)
2022
$10,292 (+8.3%)
2021
$9,504 (+2.6%)
2020
$9,266 (+2.5%)
2019
$9,038 (+20.6%)
2018
$7,494 (+3.6%)
2017
$7,231 (+9.9%)
2016
$6,582 (+3.5%)
2015
$6,359 (+1.3%)
2014
$6,277 (+1.8%)
2013
$6,163 (+2.9%)
2012
$5,989 (+3.5%)
2011
$5,784 (+1.7%)
2010
$5,686
2009
$5,686
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
3.5
Stories
1
Lot width
—
Lot depth
—
Lot size
7,670 Sq. Ft.
Year renovated
—
Sq. Ft.
2,212
Year built
1960
Style
Single Family Residential
County
Clackamas County
APN
00255565
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 18, 2026.
R-7.5
Residential-Low Density Zone
To provide lands for single-family residential development with densities ranging from 2 to 5 dwelling units per gross acre, and to provide lands for middle housing development.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Communications tower
Housing-Mobile home park
Aug 21, 2020 • Final
Residential electrical
Install a low voltage security alarm system.
Electrical
Aug 21, 2020 • Final
Residential structural
Construct an addition for a family room and a deck. Perform an interior remodel.
Addition
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.