$1,265,262Average Value$620Average Price per Sq Ft3Homes For Sale
A peaceful peninsula
Bordering Oswego Lake and Lakewood Bay, the neighborhood of Lakewood sits on a manmade peninsula on the east end of Lake Oswego. The Oswego area’s residential pockets began to develop in the early 1900s, and its founders used the motto, “live where you play,” drawing on the town’s resort-like atmosphere and recreation opportunities. Walking through the neighborhood takes folks past luxury homes, gated driveways and areas of thick foliage.
The Lakewood neighborhood has some amazing Lakeside homes.
The Lakewood neighborhood is accessible via State St, the main thoroughfare running along the eastern edge of the neighborhood.
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Lakefront luxury homes
In Lakewood, you’ll find Craftsman, French and Mediterranean-style houses built in the 1930s and 1940s on quarter- to half-acre homesites where Douglas fir and red-leaf maple trees tower overhead. "The neighborhood's older houses make it look like a European village, says Dianne Gregoire, principal broker with Oregon First Realtors." Stone walls and hedges serve as dividers between front lots and the neighborhood’s quiet streets while beautifully maintained gardens are featured on most properties.
The average listing price here is $1.6 million, over $1 million higher than the Oregon and Portland averages and $700,000 more than the average Lake Oswego home. Over half of Lakewood’s homes sit directly on the water, with private docks allowing for easy lake access. Waterfront homes with three or more bedrooms and over 3,000 square feet can hit the market anywhere from $3 million to $7 million. On the community’s east side, closest to State Street there is a selection of condo buildings, with units ranging from one to three bedrooms and price tags spanning from the low $300,000s to $550,000. "Newer houses have mixed into this neighborhood as the older ones age and are updated or replaced," says Gregoire, referring to the contemporary, Ranch-style and midcentury modern houses dotting the peninsula.
The Lakewood neighborhood has plenty of two-story homes.
The Lakewood neighborhood is surrounded by very large homes.
The Lakewood neighborhood has plenty of beautiful Lakeside homes.
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Recreation on Oswego Lake
Those who don’t live directly on the water are still just a short walk away from public swimming areas and lakeside parks. Lake Oswego Swim Park offers residents protected areas for swimming, doing laps and diving in the lake during the summer months. Lakewood is also close to George Rogers Park, a 26-acre green space on the banks of the Willamette River. Sports lovers can use the park’s tennis courts, soccer fields and baseball diamonds. In the warmer months, folks picnic under one of the park’s pavilions and lounge in the sand at its river beach.
Lakefront homes in Lakewood enjoy direct access to Lakewood Bay and Lake Oswego.
Millennium Plaza is an amazing place to hang out with friends.
Head east from Lakewood to George Rogers Park to get access to the Willamette River.
Bamboo sushi offers a great place to get dinner.
Millenium Plaza City Park
in the Evergreen Neighborhood in Lake Oswego, OR
Salt and straws, a wonderful place to spend an afternoon.
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Oregon's best school district
Families are drawn to the area by the highly rated schools of Lake Oswego School District, which Niche names the best school district in Oregon. The public schools serving Lakewood students each earn impressive overall grades of A and A-plus, including Forest Hills Elementary School and Lake Oswego Junior High School. Older students can attend the A-plus rated Lake Oswego High School, the best public high school in the state, according to Niche. Over 70% of high schoolers here participate in extracurricular activities, with club topics ranging from voice acting and poetry to sports medicine and pickleball.
Lake Oswego Senior High School is a Top Public High School Serving the Lake Grove Neighborhood in Lake Oswego OR.
The Entrance to Forest Hills Elementary in Lake Oswego,
The Front Entrance of Lake Oswego Junior High in Lake Oswego Oregon.
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Shopping on State Street
State Street is home to a commercial district that separates Lakewood from the Foothills and Old Town neighborhoods that lie to the east. All residents are within a 15-minute walk from the local Whole Foods Market, and Safeway is just a half mile north. After stocking up on groceries, people can swing by Monster Tea for a refreshing beverage. At the Lake Theater and Café, patrons can catch a first-run movie while eating dishes like the blackened rockfish sandwich and cremini mushroom pizza.
Quiet living a short drive from downtown amenities
While residents of Lakewood can revel in the community’s peaceful nature, they are also just a 20-minute drive from downtown Portland and within walking distance of numerous shops and local restaurants.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Patti Gage,
an experienced agent in this neighborhood.
Parks in this Area
George Rogers Park
Nameless Park At 3rd And Evergreen
Oswego Lake Front Park
Lake Oswego Parks & Recreation
Millenium Plaza City Park
Sundeleaf Plaza
Lake
Trails
George Rogers Park
Baseball/Softball
Grills
Picnic Area
Transit
Airport
Portland International
35 min drive
Bus
600 Block Mcvey
Bus
N State & North Shore Rd
Bus
S State & Middlecrest
Crime and Safety
1 - Low Crime, 10 - High Crime
Lakewood
US
Homicide
1
4
Sexual Assault
1
4
Assault with Weapon
1
4
Robbery
1
4
Burglary
3
4
Motor Vehicle Theft
2
4
Larceny
3
4
Crime Score
2
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Lakewood, Lake Oswego sell after 61 days on the market compared to the national average of 47 days. The average sale price for homes in Lakewood, Lake Oswego over the last 12 months is $1,381,328, down 38% from the average home sale price over the previous 12 months.
Incredible location on Oswego Lake's East Arm and The Peninsula. Situated "mid-bank" this private lot offers plenty of respite and waterfront entertaining. A well built NW Contemporary Style home with modern lines, updated kitchen and baths, oversized 3 car garage. The flexible floor plan with multiple flex spaces affords this home to many lifestyles. Located just blocks from downtown Lake
This beautifully updated 2 bedroom 1 bath Oswego Lakefront condo provides some of the best lake views in the entire complex. Located in Clackamas County—ideal for those seeking a tax-friendly alternative to Multnomah County—this home is part of a community nearing the final stages of a total exterior renovation. Inside, the unit has been fully remodeled and features a premium sound abatement
Welcome Home to Oswego Village!This rare townhouse-style condominium offers the perfect blend of comfort and convenience. Situated at the head of Lakewood Peninsula, Oswego Village spans 3 acres. It provides a vibrant community with easy access to shops, swim parks, tennis courts, boat ramps, coffee shops, the Lakewood Center for the Arts, and the scenic Willamette River. With a Walk Score of 82,
Interested in learning more about homes in this area?
Reach out to
Patti Gage,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,350
Median Age
54
Population Density
12 ppl/acre
Population under 18
16.4%
Below the national average
23.8%
Population over 65
31.3%
Above the national average
19.1%
Finances
Median Household Income
$128,309
Significantly above the national average
$71,702
Average Household Income
$160,234
Education and Workforce
High School Graduates
100%
College Graduates
86%
Significantly above the national average
34.1%
Advanced Degrees
32.5%
Above the national average
13.3%
% Population in Labor Force
60.9%
Weather
Annual Precipitation
41''
Average Winter Low Temperature
34°F
Average Summer High Temperature
82°F
Annual Snowfall
2''
Area Factors
Bikeable
Bike Score®
52/ 100
Very Walkable
Walk Score®
70/ 100
Some Transit
Transit Score®
34/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
