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18500 Ray Ridge Dr, Lake Oswego, OR 97034 — photograph 1

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18500 Ray Ridge Dr, Lake Oswego, OR 97034 — photograph 1
4 Beds3.5 Baths4,941 sqft

18500 Ray Ridge Dr, Lake Oswego

$1,875,000

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ActiveMLS®: 181016961Listing held by another brokerage, marked RMLS
Price per sqft
$379.48
Built in
1990
Property size
4,941 sqft
Property type
Residential
Days on market
86

Overview

. Situated in Atherton Heights, this exceptional traditional home offers breathtaking 180-degree panoramic views of surrounding valleys, Mount Hood, and beyond. This is also a perfect multigenerational home!!! Designed for both everyday living and entertaining, the expansive decks span multiple levels, creating the perfect setting for entertaining family & friends. Step through the front door and prepare to be amazed. A dramatic wall of windows immediately draws your eye to the incredible landscape. To the left, a private office with French doors, custom built-ins, and bookshelves. The main level features soaring ceilings, a welcoming living room with a gas fireplace, an elegant dining room, and a gourmet kitchen that flows into the family room. Every room is designed to capture the stunning views. The dining room and kitchen both open onto the expansive main-level deck, extending the living space outdoors. Upstairs, the spacious primary suite features a generous walk-in closet, a spa-inspired bathroom with a jetted soaking tub, dual shower plus a private deck. The lower level offers incredible flexibility with a spacious bonus living area complete with a kitchenette, refrigerator, dishwasher, microwave, island seating, and a gas fireplace. Sliding doors lead directly to the lower deck, pool, and beautifully landscaped backyard. This level also includes a guest suite and two additional bedrooms. Outside, the backyard is your own private oasis. The resurfaced pool (completed just three years ago) invites endless summer fun, while the surrounding outdoor spaces provide plenty of room to relax, entertain, and enjoy the incredible setting. Minutes from Lakeridge High School, Rassekh Skate Park, Luscher Farm, trails leading to Cook's Butte, and the new Lake Oswego Recreation & Aquatic Center & Municipal Golf Course. Downtown Lake Oswego is minutes away.

Details

Interior

Interior features
Third Floor, Central Vacuum, Garage Door Opener, Granite, Hardwood Floors, High Ceilings, Jetted Tub, Laundry, Marble, Soaking Tub, Sprinkler, Tile Floor, Wall to Wall Carpet
Appliances
Built-in Oven, Built-in Range, Built-in Refrigerator, Cook Island, Cooktop, Dishwasher, Disposal, Double Oven, Down Draft, Gas Appliances, Granite, Island, Microwave, Stainless Steel Appliance, Trash Compactor
Fireplace
Yes
Fireplaces
3
Fireplace description
Gas
Cooling
Yes
Cooling description
Central Air
Heating
Yes
Heating description
Forced Air
Windows
Double Pane Windows

Exterior and lot

Exterior features
Covered Patio, Deck, Dog Run, Fenced, Gas Hookup, In Ground Pool, Sprinkler, Storm Door, Yard
Lot features
Cul-de-sac, Gentle Sloping, Private, Terraced
Architectural style
Traditional
Roof
Shake
View
Yes
View description
Mountain, Territorial, Valley

Utilities

Sewer
Public Sewer
Water source
Public Water

Parking

Garage spaces
3
Parking
Driveway, On Street
Total parking
3

Schools

High school
Lakeridge
Middle school
Lakeridge
Elementary school
Westridge

Location

City
Lake Oswego
County
Clackamas

Taxes and dues

Annual taxes
$17,776 (2026)

Location

18500 Ray Ridge Dr, Lake Oswego, OR 97034

Map showing the location of 18500 Ray Ridge Dr, Lake Oswego, OR 97034
© Mapbox © OpenStreetMap

Monthly payment estimate

$11,461 /mo

20% · $375,000
7.00%
Principal and interest
$9,980
Property tax (2026)
$1,481
Total
$11,461

Estimate only, and not an offer of credit. Assumes 20% down ($375,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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