Lake Oswego Real Estate

The city of Lake Oswego is located some six or miles south of Portland, on the west bank of the Willamette River. In fact, you can take a relaxed trip on the historic Willamette shore trolley which runs between Lake Oswego and Portland if you want a great way to explore the area. You'll be introduced to the area in a particularly delightful way.

Originally occupied by the Clackamas Indians, settler Albert Alonzo founded the original town of Oswego in 1847. He named the new village after his birthplace in New York and built the first saw on what's now known as Oswego Creek.

Iron ore was discovered in the area in 1865, spurring growth and in 1886 The Portland and Willamette Valley Railroad linked Oswego to Portland with some seven miles of track. The railroad allowed residential development near the tracks between the two cities. It also set the stage for Lake Oswego to enjoy commercial and cultural interchange with Portland which continues today.

By 1905, real estate growth was in full swing, with large tracts of land being sold for development. Homes were built for newly arriving residents. Businesses sprang up to serve the residents. Schools were built. A power plant was built on Oswego Creek which served the growing population. By 1920 there were 64 trains running to and from Oswego and Portland daily.

The development of Oswego Lake Country club kicked off a successful “live where you play” promotion with many fine homes on large parcels being built in the 1920s and 30s. Residential development continued and in 1960, Oswego was annexed as part of Lake Grove and the new community was renamed Lake Oswego.

Lake Oswego real estate maintains its value. Like all cities in Oregon, steps have been taken to eliminate urban sprawl, making the city very livable. Traffic hassles are at a minimum and public transportation is excellent. Schools in Lake Oswego are some of the best in the state.

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The proximity to Portland means access to great culture and education. The local schools are good. Recreation opportunities, with an emphasis on water sports and getting outdoors abound, making it an ideal place to raise children.

Today, homes in Lake Oswego range from relatively inexpensive condominiums downtown to luxurious, custom mansions on large properties. There are quaint homes dating back to the 20s and 30s in town and properties with modern homes and lake access. There are homes on parcels big enough to subdivide, and land ready for development. Modern homes are found in well planned communities and condominium developments aimed at family and the retired are included in the mix. If you're even a bit adventuresome, you might want to consider a houseboat. They come in all sizes, from large and glamorous to small and efficient.

Real estate investment opportunities exist as well. There is vacant land ripe for development, residential units of all sizes, and commercial property for purchase and lease.