Located in the northwestern corner of Clackamas County and is ideally situated close to Oregon’s major metropolitan areas… just eight miles from downtown Portland and 45 minutes from the State Capitol in Salem. Surrounding the private lake are many communities, each with their own charm. Lake Oswego Neighborhoods are affluent residential communities with a population of 36,000. Kruse Way just off I-5 is a one mile long collection of 6 story brick buildings containing mostly financial related businesses. Our real estate office is located here along with all the Title/Escrow Companies and the Mortgage Companies.
I have always considered Lake Oswego old money and believe that the retired folks are the reason this city has a real sense of community. Traditions like the tree lighting ceremony and the summer arts festival make it special. Lake Oswego was originally built (man-made lake) in the early 1900’s as a shipping corridor but quickly became the ‘summer homes’ for the rich and famous of Portland. To this day, Lake Oswego still has that resort feel. Many Lake Oswego neighborhoods do not have curbs and sidewalks but roll into clusters of old growth fir and cedar trees. Lake Oswego is probably the most desired area of relocation buyers. One reason is the best school district in the state.
The only new homes in Lake Oswego are in-fill (old homes torn down and a new one built in its’ place). The newest development is Westlake which was built in the early 1990’s and is one of the more beautiful and consistent neighborhoods, with some new shopping and eating opportunities within walking distance. It also has great freeway (Interstate-5) access. Most of the other large developments were built in the 60’s, 70’s and 80’s.
First Addition is the exception. Located at the north end of the lake this neighborhood (not a development) has homes of all ages, sizes and values. It is not unusual to see a $1M in-fill house being built next to a 1940′ cottage. The draw of this neighborhood is the location. It is within walking distance of the beautiful downtown area which is adjacent to Millennium Park. The downtown is an upscale mixture of shops, restaurants and the park. Other retails areas along Hwy 43 are connected by a concrete walkway along the lake. A huge Farmers Market is held every Saturday morning along the esplanade.