Lake Oswego Neighborhoods
First Addition or Historic Lake Oswego originated in the 1890s when the town was just called Oswego. This neighborhood is in the far east side of the city, north of “A” Street and between State St and 10th St. It’s an area of 30 or so blocks of historic homes. There are many new homes that have gone into this area in the past 5-10 years. This Historic Lake Oswego neighborhood is made-up by smaller lots, 6000-9000 square feet. This property is so desirable that many older homes are bought and then torn down and replaced with more modern floor plans and amenities. Many of the First Addition homes have allies that run behind them.
In 2006, Cottage Living magazine named First Addition as one of the ten best cottage communities in the country. The magazine absolutely loved the quaint homes, the easy walk to downtown and Lake Oswego, and the “jewel-box gardens winking from behind picket fences.”
If you live in First Addition, it’s a short walk to the Lake Oswego Village Center that houses offices, shops, markets, coffee houses, and new restaurants. This is truly a fantastic live-walk neighborhood in Lake Oswego. The north end of First Addition abuts to the 645-acre Tyron Creek State Park.
The most desirable property in Lake Oswego are the homes located around the 430 acre large private Lake in Lake Oswego. This man-made lake is closed to anyone but members of the Lake Oswego Corp.
The Lake Oswego Corporation (LOC) is a non-profit organization that manages the lake and the 694 lakefront properties. They control the safety, maintenance, water quality, boat and operator licensing, building permits, and special events that go on every summer.
The Lake in Lake Oswego. is one of the most desirable place to live in LO. Real Estate here sells for in excess of $650,000 for home on the canal and 1.5 Million plus for home on the main lake. There is now a $5,000 stock transfer fee that occurs any time a home is bought or sold on Lake Oswego. There are also may swimming and boat easements that are accessible from “off-lake” residence of LO. Some are view the public swim parks and other are view the deeded lake easement rights that certain properties in Lake Oswego receive.