Once in a while, a rare and precious opportunity arises. Situated on the north side of Lake Oswego in the coveted Uplands neighborhood, this picturesque site offers unequaled privacy and enchanting views. Backing to the Iron Mountain City Park offering miles of trails, the fortunate owner has the deeded right to utilize Oswego Lake water sports at four different lake easements - Forest Hills, Goodin, Springbrook and Summit. Drenched in wonderful southern light, an incredibly tranquil neighborhood of stately homes, and a highly central Lake Oswego location, this property offers all the benefits of living in Portland's most desirable suburb. Restore the existing home or create your own custom luxury oasis to your specific vision. The home itself offers 5 bedrooms and coveted one-level living with an unfinished basement. Potential to be divided - buyer to do their own due diligence. Quick access to Lake Oswego's top schools, vibrant downtown & Lake Grove shopping and restaurants, and championship golf.