*Dream home alert! Homes are flying off the market, so we recommend applying before viewing to snag your spot in line. To speed up approval, gather and submit all documents upfront. Due to high demand, we're only able to offer one in-person showing per potential tenantso pick your favorite! Most of our listings include virtual tours, so you can preview homes online, and we suggest driving by to check out the neighborhood before scheduling your showing. Have questions? Call our office for help!*
Neighborhood:
Welcome to the community of Lake Oswego, OR, where happiness meets convenience and charm. Lake Oswego is renowned for its top-rated dining and an array of shops, ensuring you can find everything you need just a short distance away. The area boasts easy access to nearby highways, making for a quick and hassle-free commute. Embrace the perfect blend of a vibrant local scene and practical living in Lake Oswego.
Living Area:
Upon entering this home, you'll feel like you're stepping into a fairy tale, ready to create cherished family memories. The elegant curved staircase and hardwood floors lead you to the family living space on the left of the front door. This inviting area features plush carpeting and a charming fireplace with a dark navy accent wall at its heart. The room is bathed in natural light from numerous cottage windows and includes a formal seating area adjacent to the main living space. Glass doors provide easy access to the outdoors, enhancing the seamless blend of indoor and outdoor living.
Kitchen:
The kitchen in this home is outstanding, offering ample white cabinet space accented by granite countertops and stainless steel appliances, including a gas stovetop, microwave, dishwasher, trash compactor, wine fridge, and dual ovens. The hardwood flooring gleams, adding to the elegance of the space, which also features a cozy area ideal for a breakfast nook. Large windows and a set of double doors provide plenty of natural light and lead to the stunning backyard, making this kitchen both functional and beautiful.
Bonus Area One & Two:
Right off the kitchen, the bonus space offers a cozy wood-burning fireplace surrounded by built-in cabinets and shelving. A TV mount above the fireplace makes it an ideal media area, perfect for family movie nights. This inviting space features large glass doors and windows that lead to the backyard, seamlessly blending indoor and outdoor living. Additionally, this outstanding bonus space includes a pool table, built-in shelving, and plenty of room to create cherished family memories.
Bedroom/Bathroom:
Just off the bonus den, a half bath provides guests with ease of access. Downstairs, one bedroom can double as an office, featuring glass double doors and a built-in desk. The remaining four bedrooms are located upstairs, each offering plush carpeting and cottage windows that fill the rooms with natural light. Some bedrooms feature charming built-in bookcases and benches, as well as ample closet space. The primary bedroom is an expansive retreat with large windows, a built-in bench, and a luxurious bathroom fit for royalty. This EnSuite bathroom boasts a large walk-in closet with built-ins, a walk-in shower, and a soaking tub. Another bedroom upstairs has its own bathroom with a walk-in shower, while a full hallway bathroom with a tub/shower combo serves the other bedrooms. Each bedroom is thoughtfully painted to create a cozy and inviting atmosphere.
Exterior/Parking:
This home offers an expansive garage that can accommodate three full-sized cars, along with outstanding storage cabinets. Driveway parking is also an option. The backyard is truly outstanding, featuring a large patio and a hot tub perfect for soaking away the day's woes. Additionally, there is a cozy firepit, a charming gazebo, and an AstroTurf instead of grass, providing ample room to explore and enjoy the outdoor space. The backyard is beautifully completed with twinkle lights hung with care, creating a magical ambiance for evenings under the stars.
Special Amenities:
This home allows for lake easement/swimming access to the stunning Lake Oswego at South shore Glen just a short stroll down from the house. The owner provides access and will be responsible for annual fees.
Available for a minimum one-year lease with the option to renew.
Utilities Included: Landscaping. Access/Easement to Lake Oswego South Shore.
Utilities you are responsible for: Electric, Water, Sewer, Garbage, Gas, and Cable/Internet.
Washer and dryer are included in this home, and it offers a full laundry space complete with a utility sink and built-in cabinets. This well-equipped area makes it easy to wash away the woes of laundry day, providing ample room to fold and organize clothes efficiently.
Heating Source: Central Heating
Cooling Source: Central Air Conditioning
*Heating and Cooling Sources must be independently verified by the applicant before applying! Homes are not required to have A/C.
Bring your fur babies! Your home allows for two pets, dogs or cats 75 lbs or less. Pet Rent is $40 a month per pet and an additional $500 Security Deposit per pet.
Elementary School: Hallinan
Middle School: Lakeridge
High School: Lakeridge
*For a priority showing, be sure to mention the catchphrase 'Ghost Busters' when you reach out to your listing agent.*
*Disclaimer: All information, regardless of source, is not guaranteed and should be independently verified. Including paint, flooring, square footage, amenities, and more. This home may have an HOA/COA which has additional charges associated with move-in/move-out. Tenant(s) would be responsible for verification of these charges, rules, as well as associated costs. Applications are processed first-come, first-served. All homes have been lived in and are not new. The heating and cooling source needs to be verified by the applicant. Square footage may vary from website to website and must be independently verified. Please confirm the year the home was built so you are aware of the age of the home. A lived-in home will have blemishes, defects, and more. Homes are not required to have A/C. Please verify status before viewing/applying.
Off market
$1,928,200
870 Terrace Dr, Lake Oswego, OR 97034
5beds
4,652sqft
Single Family Residence
Built in ----
-- sqft lot
$1,928,200 Zestimate®
$414/sqft
$-- HOA
What's special
Zillow last checked: 8 hours ago
Listing updated: November 12, 2024 at 05:31pm
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Fireplace
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Stove, Washer
- Laundry: In Unit, Shared
Features
- Walk In Closet, Walk-In Closet(s)
- Flooring: Carpet, Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 4,652 sqft
Property
Parking
- Parking features: Detached
- Details: Contact manager
Features
- Exterior features: Boat Access, Built-In Wine Cooler, Cable not included in rent, Custom Built Ins, Double Ovens, Electricity not included in rent, Fenced Backyard, Garbage not included in rent, Gas not included in rent, Granite Island, Internet not included in rent, Landscaping, Refrigerator-Freezer, Refrigerator/Freezer, Sewage not included in rent, Stainless Steel Appliances, Walk In Closet, Water not included in rent
- Has spa: Yes
- Spa features: Hottub Spa
Details
- Parcel number: 00251275
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & neighborhood
Location
- Region: Lake Oswego
HOA & financial
Other fees
- Deposit fee: $4,899
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,928,200