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Residential Land for Sale in Lake Oswego, Oregon

16286 Waluga Dr, Lake Oswego, OR 97035

$975,000
0.39 acres
Active sale
ago
Est $6,801/mo

A rare opportunity in one of Lake Oswego's most established neighborhoods. This sprawling 0.388-acre R-7.5 zoned parcel offers the size, privacy, and premier location builders and end-users covet, surrounded by mature trees and newer custom homes that signal where this street is headed. Potential to partition. Value is in the land.Tucked along quiet, winding streets, yet minutes to everything that makes Lake Oswego special. A short stroll to Zupan's Markets, West Waluga Park, and the vibrant Lake Grove dining and shopping scene. Easy I-5 access for the Portland commute.A modest 1935 cottage currently sits on the lot. Tenant occupied. Showings upon accepted offer. Sold strictly AS-IS for land value. No repairs. Purchaser must confirm all square footage, lot size, zoning, partition feasibility, utilities, permits, and uses to their own satisfaction.Lots like this in Lake Forest don't come along often.

Location

Street address
16286 Waluga Dr
Community
Lake Forest
Elevation
220 feet
Coordinates
45.4075, -122.7263

Directions

Corner of Waluga Dr & Madrona St

Property details

Lot size
0.388 acres16,901 sq ft
Zoning
R7.5
MLS #
RMLS 332426111
Posted

Property taxes

Recent
$2,743

Parcels

  • 00235515

Legal description

Details and features

Listing

Type
Land
Subtype
Single Family Residence
Franchise
Independent

Nearby schools

NameType
Lake GroveElementary
Lake OswegoMiddle
Lake OswegoHigh

Listing history

DateEventPriceChangeSource
May 21, 2026New listing$975,000RMLS
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This 0.388-acre property is located at 16286 Waluga Dr in Lake Oswego, OR 97035. The property is available for sale for $975,000.

Listed by Oregon First, (503) 646-5006

Checked 2 hours agoUpdated Source

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