Nestled in one of Lake Oswego's most coveted neighborhoods, this exquisite cottage-inspired residence seamlessly blends timeless charm with modern luxury. Situated on a generous double lot, the property offers unparalleled privacy and exclusive access to four lake easements, providing a unique opportunity for serene lakeside living. Upon entering, you're welcomed into a light-filled great room where French doors open to an expansive outdoor deck, creating a harmonious indoor-outdoor flow ideal for both intimate gatherings and grand entertaining. Authentic divided light windows and rich hardwood floors throughout the main level enhance the home's warm and inviting ambiance. The gourmet kitchen, designed for culinary enthusiasts, features high-end appliances and seamlessly connects to the dining area. The main level also includes two well-appointed bedrooms, offering comfort and convenience. Ascending to the upper level, the primary suite serves as a private sanctuary with vaulted ceilings, custom built-ins, and a spa-like ensuite bath. An additional spacious bedroom and full bath complete this floor. The versatile lower level boasts a family/media room, an oversized bedroom or private office, and a full bath, perfect for guests or a dedicated retreat. An oversized double garage provides ample storage, while the property's exclusive access via private Graef Circle ensures tranquility and seclusion. With its prime location offering both privacy and convenience, along with direct lake access, this home epitomizes the best of luxury lakeside living in Lake Oswego. Don't miss this rare opportunity to own a distinguished property in one of Oregon's most desirable communities.