16950 Alder Cir

Tucked away in a peaceful bay on Lake Oswego, this exceptional waterfront home offers a rare opportunity to experience true lakefront living, where every day feels like a getaway. With one of the most desirable locations on the lake, this property combines privacy, comfort, and effortless indoor-outdoor living. Originally built in 1939 and thoughtfully reimagined and rebuilt in 2006, the home showcases soaring cathedral ceilings, exposed original wood beam construction, and custom wrought iron details that create a warm yet elevated aesthetic. From the moment you arrive, a charming stone courtyard and entry welcome you into a serene, private setting. Inside, the open-concept layout flows seamlessly from the gourmet kitchen into expansive dining and living areas, perfect for hosting or simply enjoying the view. Floor-to-ceiling windows and 5 skylights flood the home with natural light while framing breathtaking lake views from nearly every angle. Radiant heated floors on the main level and rich hardwoods upstairs add to the home's comfort and livability. The home features 3 spacious bedrooms plus a versatile bonus room that can serve as a home office, guest space, or additional bedroom. The primary suite offers a private balcony overlooking the lake, a spa-like bathroom with jetted tub and skylight, and a walk-in closet with serene water views. A secondary lakeside bedroom includes its own en suite bath and balcony creating an ideal setup for guests or shared living. Step outside to fully embrace lake life. A covered wraparound porch and stone patio provide the perfect setting for year-round outdoor dining, entertaining, or quiet mornings by the water. Enjoy direct lake access with both a covered and open boat slip, a gently sloped swimming area, and easy water entry. Additional features include: Oversized garage with EV charging, workspace, and storage Additional off-street parking for up to 4 vehicles or boat trailer Upstairs heating and A/C system for year-round comfort Inline BBQ gas hookup for easy outdoor cooking Outdoor shower for rinsing off after a dip in the lake The property is meticulously maintained. Located within the highly regulated and well-maintained Lake Oswego Corporation, tenants will enjoy a clean, safe, and exclusive lake environment. If you've been looking for a place that blends peaceful, private, waterfront living with refined comfort, this is it. Available by appointment only. Contact is best via text , phone message or email.