Discover a rare opportunity to own a waterfront residence on Oswego Lake, perfectly positioned along the calm waters of Blue Heron Bay. Just steps to the lake, this home blends timeless design with thoughtful modern updates, creating a retreat that balances comfort, elegance, and functionality. Expansive windows frame stunning water views, while open interiors provide a seamless flow for entertaining, working from home, or quiet reflection. The main floor welcomes you with a soaring two-story entry, flowing into the sitting and dining areas and a family room anchored by a brand-new fireplace. Towering windows showcase constant views of the lake, while deck access encourages easy indoor-outdoor living. A flexible office with a newly installed Murphy bed adds convenience for guests, while the adjacent ADU offers exterior access, a kitchenette, full bath, built-ins, and a lofted queen bed-ideal for guests, extended family, or a caretaker's suite. The gourmet kitchen is a true centerpiece, featuring granite counters, built-in appliances including double ovens, microwave, and ice-maker, plus a remodeled pantry with new cabinetry and a wet bar perfect for entertaining. Upstairs, dual master suites each enjoy private balconies, spa-inspired baths with soaking tubs, walk-in showers, heated floors, and generous closets. An additional en suite bedroom adds even more flexibility and privacy. Outdoor living is equally impressive, with a low-maintenance composite deck, waterfront patio, and private boathouse with a lift for a 21-foot boat. A swim-up dock, firepit with dedicated gas line, and phantom screens on exterior doors ensure the lake can be enjoyed in every season. Set within the prestigious Lake Oswego community, this home offers not just a residence but a lifestyle defined by elegance, recreation, and the unmatched beauty of lakeside living.