3435 LAKE GROVE AVE

LakeOswego, 97035

  • 4 Bed

  • 3 Bath

  • 3022 SqFt

  • 47 DOM

  • Built: 1978

  • Status: Active

$1,580,000

X

3435 LAKE GROVE AVE

LakeOswego 97035

$1580000

  • 4 Bed

  • 3 Bath

  • 3022 SqFt

  • 47 DOM

  • Built: 1978

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

Must-see Lake Grove retreat on nearly a half acre. Tucked away in a fully fenced, park-like setting in the heart of Lake Oswego, this rare gem offers unmatched flexibility and charm. Featuring $250K+ in recent upgrades (see list), soaring ceilings, and a unique floor plan with a structurally attached guest suite/ADU—this property checks every box. The main home features 3 bedrooms, 2 full bathrooms, beautiful hardwoods, and a spacious primary suite with vaulted, beamed ceilings and large walk-in closet. The attached 1-bedroom ADU includes a private entrance, full bath, kitchenette, laundry, and large living area—perfect for guests, extended family, or income. Proven Income GeneratorBoth the main home and ADU have been operated as separate, highly rated Airbnb listings with strong rental history. The ADU alone has generated $25K–$40K annually. The main house has the potential to earn 2.5–3x that amount, based on prior usage. Listings and existing property management can transfer to the new owner for a truly turn-key, dual-income opportunity. Enjoy seamless indoor-outdoor living with a Hot Tub of Oregon spa, covered dining patio, serene pond with water feature, exterior sound system, firepit, and mature trees illuminated at night. Additional highlights include: 3-car garage, new roof with warranty, recent exterior paint, and access to three exclusive lake/boat easements—including the newly renovated Goodin easement. Whether you’re looking for a private sanctuary, an entertainer’s dream, or flexible income-generating potential, this one-of-a-kind home delivers. Seller open to creative financing.

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Residence Information

  • 1464

  • 1558

  • 0

  • 3022

  • Floor Plan

  • 3022

  • 1/Gas

  • 4

  • 3

  • 0

  • 3

  • Composition

  • 3, Attached

  • Stories2,NWContemporary

  • 2

  • 1978

  • No

  • CementSiding, WoodSiding

  • CrawlSpace

  • RVBoatStorage

  • CrawlSpace

Features and Utilities

  • Fireplace, GreatRoom, SlidingDoors

  • AccessoryDwellingUnit, GarageDoorOpener, Granite, HardwoodFloors, JettedTub, Laundry, SeparateLivingQuarte

  • AccessoryDwellingUnit, CoveredDeck, Deck, DogRun, FirePit, FreeStandingHotTub, GuestQuarters, Porch, RVParki

  • CentralAir, MiniSplit

  • Gas

  • ForcedAir90

  • PublicSewer

  • Gas

  • Gas

Financial

  • 10076.53

  • 0

  • CallListingAgent,Cash,Conventional,Other,OwnerWillCarry

  • 06-11-2025

  • No

  • No

Comparable Information

  • 47

  • 48

  • CallListingAgent,Cash,Conventional,Other,OwnerWillCarry

  • $1,580,000

  • $1,580,000

  • Jul 27, 2025 16:12

Schools

Elementary : Lake Grove N/A Ratings
Middle : Lake Oswego N/A Ratings
High : Lake Oswego N/A Ratings

Map

Listing courtesy of Eleete Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jul 29, 2025 06:18 | Listing last modified Jul 27, 2025 16:12. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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