Introducing a truly exceptional rare retreat in the heart of Lake Oswego set on 1.88 private acres in unincorporated Clackamas County, this gated estate offers an extraordinary blend of luxury, comfort & seclusion.The outdoor setting is a showpiece, centered around a resort-style pool & an impressive vaulted pool/guest house designed for unforgettable entertaining.The 7,773sf grand primary residence is ideal for both large-scale gatherings as well as everyday living.The main level is highlighted by a vaulted primary suite, privately positioned complete with a generous custom dressing room & convenient laundry. The center of the home offers a chef's kitchen with high end finishings, dramatic great room, grand scale formal dining room with custom buffet, a refined library complete with a custom rolling ladder, 2nd main level bedroom, office & a fully equipped lower-level theater. Throughout, soaring ceilings with rich wood beam accents & expansive windows create a bright, airy atmosphere while maintaining a strong sense of privacy. Upstairs, a distinctive split layout separates a spacious guest suite—featuring its own laundry & storage/bonus space—from the separate upper level offering three bedrooms, playroom & a dedicated fitness room. Additional amenities include outdoor fireplace, an oversized three-car attached garage, RV parking and picturesque gardens with expansive lawns, meandering walking paths, huge verandah & custom lighting. Versatile 1390 sf pool/guest house features a stage, fireplace, stylish bar & kitchenette, dedicated office or studio, 1 1/2 baths, plethora of storage, plus an additional oversized two-car garage/shop suitable for a lift. Bordering the 6.8-acre Woodmont Park & near Tryon Creek State Park with miles of scenic trails, this property is located in the highly desirable Forest Highlands neighborhood, just minutes from top-rated schools, charming Lake Oswego Village & Lake Grove restaurants, cafes, shops, golf, gourmet markets and more!
Single-familyProperty Type
2004Year Built
1.88 acresLot Size
$707Price/Sq.Ft.
5 car garageParking
Listed by Kevin Hall• Cascade Hasson Sotheby's International Realty
Listed by Kathy Hall• Cascade Hasson Sotheby's International Realty
Forest Highlands, located between Boones Ferry Road and I-5, is a residential and wooded Lake Oswego neighborhood with curving hillside streets and a canopy of evergreens. The neighborhood’s character concentrates around the Boones Ferry Road corridor near Kruse Way, where coffee counters, local eateries, and small professional storefronts set a steady weekday rhythm. Nearby, Lake Theater & Cafe, Zupan’s Markets, and La Provence Boulangerie & Patisserie act as familiar community touchpoints. Homes lean toward mid-century and late-20th-century Northwest styles, often set back behind mature landscaping. Green pockets and trail-like sidewalks shape a walk-and-roll feel, while the terrain creates quiet cul-de-sacs and filtered views. Daily life orbits around errands, dining, and outdoor breaks, with downtown Lake Oswego a short drive away.
Provided by Walk Score and Local Logic
Offer insights
951 Atwater Rd · $5,495,000
$5.44M and above
75% chance or better to win
Why $5.44M+ is a strong offer
DAYS ON MARKET
181 days
The average home goes pending in 37 days.
SALE-TO-LIST
98.7%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Three fireplaces
Gas fireplaces
Central vacuum
Dumbwaiter
Garage door opener
High ceilings
Home theater
Separate living quarters
Soaking tub
Sound system
Water purifier
Finished partial basement and crawl space
Double-pane windows with wood frames
Caregiver quarters
Bedrooms
Primary bedroom on the main floor
Second bedroom on the upper floor
Third bedroom on the main floor
Bathrooms
Five full bathrooms and one half bathroom
Two full bathrooms and one half bathroom on the main floor
Three full bathrooms on the upper floor
Kitchen
Appliance garage
Built-in oven
Built-in range
Built-in refrigerator
Convection oven
Dishwasher
Gas appliances
Microwave
Pantry
Pot filler
Range hood
Kitchen island
Laundry & utility
Washer and dryer
Gas tank water heater
Flooring
Hardwood floors
Slate flooring
Tile flooring
Wall-to-wall carpet
Heating & cooling
Forced-air and mini-split heating
Central air conditioning
Exterior features
Built-in barbecue
Built-in hot tub
Covered patio
Deck
Fenced yard
Guest quarters
In-ground pool
Outdoor fireplace
Patio
RV parking and RV/boat storage
Second garage
Second residence
Security lights
Sprinkler system
Tool shed
Workshop
Yard
Gated, level, private setting with trees
Park and greenbelt views, with tree and woodland views
Paved road
Home design
Single-family residence
Three-level home
Parking
Driveway
Attached and detached oversized garages
Five garage spaces
Five total parking spaces
RV access and parking
Security
Fire escape
Security gate
Security system
Construction
Built in 2004
Cedar and stone exterior
Composition roof
Concrete perimeter foundation
Utilities
Public water
Septic tank
Gas fuel
Cable internet
Electricity and solar
View estimated energy costs and solar savings for this home
This magnificent Forest Highlands estate is a tremendous opportunity to enjoy nearly 2 acres of gated, private & meticulously landscaped grounds located in the heart of Lake Oswego. Vaulted beamed ceilings, heated travertine floors, media room, gym, music/game room & private guest quarters. Impressive newer 2013 addition includes a 2,490 sf artist studio/pool house. Stunning solar heated pool with hot tub & covered entertaining area.
Public Records
Jul 28, 2017
Sold
$3,100,000
$399/sq ft
RMLS #12046626
Sep 14, 2012
Sold
$1,650,000
$212/sq ft
May 12, 2012
Pending
—
May 10, 2012
Listed
$1,645,000
$212/sq ft
+11
One of a kind stunning Lake Oswego Estate on nearly 2 acres! Incredibly quiet, private & peaceful setting next to park. Stoneridge Development built home w/soaring vaulted open beamed ceilings, main level living, dedicated theater + craft rooms. Covered outdoor living space w/fireplace, oversized swimming pool, sport court, outbuilding, & gated entrance.
Public Records
Jun 1, 2004
Sold
$850,000
$109/sq ft
Public Records
Jul 1, 1986
Sold
$185,000
$24/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$48,035 (+2.7%)
2024
$46,782 (+3.0%)
2023
$45,421 (+2.9%)
2022
$44,136 (+14.4%)
2021
$38,584 (+3.0%)
2020
$37,466 (+0.3%)
2019
$37,371 (+3.3%)
2018
$36,190 (+4.4%)
2017
$34,671 (+11.4%)
2016
$31,111 (+5.5%)
2015
$29,498 (+1.8%)
2014
$28,987 (+25.9%)
2013
$23,033 (+3.1%)
2012
$22,342 (+0.9%)
2011
$22,135 (−2.3%)
2010
$22,655
2009
$22,655
Public record
Public record
Zoning
Permits
Beds
6
Baths
4.5
Stories
1
Lot width
—
Lot depth
—
Lot size
1.88 Acres
Year renovated
—
Finished Sq. Ft.
7,582
Unfinished Sq. Ft.
—
Total Sq. Ft.
7,582
Year built
2004
Style
Single Family Residential
County
Clackamas County
APN
00200687
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 29, 2026.
R20
Urban Low Density Residential District
Urban Low Density Residential District is adopted to implement the policies of the Comprehensive Plan for Low Density Residential, Village Standard Lot Residential, Village Small Lot Residential, Village Townhouse, Medium Density Residential, Medium High Density Residential, High Density Residential, Special High Density Residential, Village Apartment, and Regional Center High Density Residential areas.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Multiple units
Recreation
Golf related
Aug 9, 2023 • Final
Building - plumbing
Plumbing
Nov 16, 2022 • Final
Building - electrical
Gas
HVAC
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.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
14 unhealthy days expected this year, 15 days in 30 years
Provided by First Street
Historical weather
Lake Oswego, OR • 97034
Average low and high temperatures (°F)
47
36
49
38
56
43
65
45
71
50
77
54
84
58
84
62
77
57
62
48
52
43
50
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
61/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.1 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 951 Atwater Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,560,000 and $4,108,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.6M to $4.1M.