Discover turn-key elegance with an exclusive lake easement within walking distance! This rare gem offers an exceptional blend of luxury, functionality, and timeless style. Tucked into one of Lake Oswego's most desirable neighborhoods, this stunning home has been updated throughout to let pride of ownership shine. High ceilings, hardwood floors, statement light fixtures, and a grand staircase welcome you in to a foyer that leaves an impression. The floorpan from there unfolds seamlessly. With multiple living areas, a formal dining room, a modern kitchen adorned with high-end appliances, and a stately office, the first level provides both style and functionality. Finishing out the main floor, the bonus room and eating nook in the kitchen both effortlessly lead out to the expansive backyard, primed for entertaining. Multiple seating areas include a newly built pergola complete with lighting, heaters, and a wood burning fireplace for enjoying Lake Oswego nights year round. Upstairs leads to a private primary suite with a spa-inspired bathroom, serene sitting area, and double walk-in closets. High ceilings and thoughtful storage throughout the upper floor connect the remaining 3 bedrooms and 2 full bathrooms. Worry-free living is ensured with recent upgrades, including a new fifty-year Presidential roof, gutters, landscaping, furnace, air conditioning, and top-of-the-line appliances. Immerse yourself in the charm of Terrace Drive, where modern luxury meets the tranquility of Lake Oswego living. Don't miss the chance to make this meticulously updated and thoughtfully designed residence your new home.