A rare build or remodel opportunity in one of Lake Oswego's most sought after lake view locations. Minutes from the shops and restaurants of Lake Grove, with walking distance access to three Oswego Lake easements: Goodin, Springbrook, and Summit Court. With lake views from the backyard, this private 1940s cottage with Nantucket style shingle siding offers single level living and all the charm of classic Lake Oswego. Oak hardwood floors and parquet entry set a warm tone throughout the main level, where three bedrooms, two baths, and an office are all conveniently on one floor. The office flows into the main living area, anchored by a family room with a warm gas fireplace and wood accent wall, a dining area with a mini wet bar, and a sun filled sitting room with a generous skylight and French doors to the backyard. The open concept kitchen is designed for easy flow and gathering, with a walk in pantry for added storage. The primary suite includes a walk in closet, French doors to the wraparound deck, and a view of the serene water feature. A lower level bonus room with new carpet and fresh paint offers flexible space for a flex/media room, home gym, or guest retreat, alongside a large dry storage area. Gracious grounds with raised bed a meandering path and mature backyard gardens complete an outdoor setting made for quiet enjoyment. A freestanding cottage with its own private entrance, lake views, lounge area, and two sliding glass doors to a spacious deck rounds out this exceptional property. Served by Lake Grove Elementary, Lake Oswego Junior High, and Lake Oswego High School, with a detached two car garage completing the package, this is an opportunity to secure one of Lake Oswego's most coveted lakeside addresses.