A private neighborhood tram carries residents of Lake Oswego’s Palisades Terrace down to a dedicated boat slip on Oswego Lake, and that access came with the four-bedroom house at 843 Terrace Dr when it changed hands on September 18, 2026. The $5 million sale led five reported closings in the Portland, Oregon metro area for the week ending September 20, 2026, a group totaling $18.96 million.
Lake Oswego accounted for the week’s two highest-priced closings, both of them houses finished this year. Homes built for the Street of Dreams showcase turn up at No. 1, No. 3 and No. 5, from the 2026 season in Lake Oswego and West Linn back to a 2022 entry on acreage outside Newberg. The exception is No. 4, a 1939 estate behind a gated entrance on eight private acres in Portland’s Southwest Hills, three of them planted as vineyard.
No. 1 — $5,000,000 · 843 Terrace Dr, Lake Oswego, Oregon
Stillwater Vista, a TimberRidge Development house selected for the 2026 Street of Dreams Home Builder Showcase, changed hands on September 18, 2026 for $5 million. The residence was completed this year on a rise above Oswego Lake in the Palisades Terrace neighborhood and holds four bedrooms and six bathrooms across a reported 6,091 square feet.
The great room rises to 20-foot vaulted ceilings around a sculptural fireplace, with walls of glass framing the water and opening to a vaulted, covered terrace fitted with a stone fireplace and integrated heating. The kitchen pairs exposed beam ceilings and a 12-foot island with side-by-side Sub-Zero refrigeration, a 60-inch Wolf range, custom inset cabinetry and a scullery, and an indoor-outdoor bar serves the entertaining rooms. The main-level primary suite reaches 17-foot vaulted ceilings and looks out to the lake, with heated floors, slab marble and a soaking tub in the bath and a dressing room built around an island with laundry.
Downstairs, a lounge with its own fireplace sits alongside a glass-enclosed wine cellar and a fitness studio with a sauna, all of it opening to a covered lakeside terrace with a hot tub. Residents reach Oswego Lake by a private neighborhood tram to a dedicated boat slip. The property previously changed hands for $750,000 in 2024, before the current residence was completed in 2026.
Steve Odermann and Bekah McGuire of Luxe Forbes Global Properties were the listing agents. The $5 million closing put them on the listing side of the highest-priced reported home sale in the Portland metro area for the week. Laura Oviatt of Berkshire Hathaway HomeServices NW Real Estate represented the buyer.
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No. 2 — $3,814,900 · 4487 Westbay Rd, Lake Oswego, Oregon
A five-bedroom house on Westbay Road in Lake Oswego’s West Bay neighborhood, completed in 2026 by Renaissance Homes with access to Oswego Lake, closed on September 18, 2026 for $3,814,900. The property carries a reported 4,047 square feet and a three-car tandem garage.
The kitchen sets Wolf and Sub-Zero appliances behind matching cabinetry panels, with a stainless gas cooktop, double convection ovens, Pental quartz on the counters and island and cabinetry carried up to the 10-foot ceilings; a walk-through pantry connects it to a mud room and the garage. A floor-to-ceiling gas fireplace flanked by built-in cabinetry anchors the great room, and two stacking-glass sliders open the dining area to a covered outdoor room with a gas fireplace and ceiling-mounted electric heaters.
Four bedrooms and a media room fill the upper floor, where the primary suite opens to a private balcony over the boat dock, electric boat lift and fire pit; its bath holds a curbless mud-set tile shower, a freestanding tub, double vanities, heated tile floors and a walk-in closet with built-in organizers. A guest suite with a full bath and a built-in barbecue porch with electric heat sit on the main level, and Lake Oswego schools serve the address, Westridge Elementary among them. The property previously changed hands for $1,200,000 in 2024, before the current residence was completed in 2026.
The transaction ranked No. 2 in RealtyWire’s Portland Metro Area Top 5 for the week, with Amanda Andruss and Paul Wells of Renaissance Development Corp. as the listing agents. Pat Bangerter of Eleete Real Estate represented the buyer.
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No. 3 — $3,800,000 · 527 SW Hoffman Rd, West Linn, Oregon
Open Sky, the flagship project of Sitara Homes and part of the Alterra at Pete’s Mountain development, sold for $3.8 million on September 14, 2026. The three-story custom home was featured in the 2026 NW Natural Street of Dreams and holds five bedrooms and six bathrooms across a reported 6,794 square feet.
The house is set in the hills of West Linn and built around the view: nearly every level takes in sweeping sightlines across the Willamette Valley. A wellness center with a steam shower and a dedicated gym looks directly out to the valley, and a main-floor patio and deck carry the rooms out into the landscape. A large primary suite, a flex room, a bonus room and a basement recreation room fill out the three levels.
Terry Sprague of Luxe Forbes Global Properties was the listing agent. The house went under contract 19 days after the current listing date, and the closing is Sprague’s second appearance in a RealtyWire Portland-area Top 5 roundup. Luxe Forbes Global Properties held the listing side of both this sale and the week’s highest-priced reported closing.
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No. 4 — $3,500,000 · 2732 SW Scholls Ferry Rd, Portland, Oregon
The Merlo Estate, a 1939 residence on eight private acres in Portland’s Southwest Hills, brought $3.5 million in a September 17, 2026 closing. Three of those acres are planted as private vineyards, and the house holds six bedrooms and 11 bathrooms across a reported 9,816 square feet.
Behind a gated entrance, the residence pairs a stucco exterior with copper accents, painted shutters and an arched entryway. Custom millwork was made for the Merlo family, and the formal living and dining rooms look out over the pool and vineyards. A sitting room off the kitchen is walled in floor-to-ceiling windows, the main-floor living room opens onto an expansive patio, and the primary suite has its own fireplace and dual bathrooms. A sauna, a hot tub and wine storage occupy the lower level.
Outdoors, a saltwater pool sits beside a hot tub and a fully equipped outdoor kitchen, and the grounds hold a lighted tennis court and a bocce court. A three-car attached garage and a 1,070-square-foot outbuilding give the estate room for events and storage. The property previously changed hands for $901,219 in 1996.
Andrew Pienovi and Brian Pienovi of Christie’s International Real Estate Evergreen were the listing agents. The sale of the Merlo Estate ranked No. 4 among reported Portland-area home sales for the week. Olivia Butler of Windermere Realty Trust represented the buyer.
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No. 5 — $2,850,000 · 15299 NE Quarry Rd, Newberg, Oregon
A 2022 Street of Dreams house on landscaped acreage outside Newberg closed September 14, 2026 at $2.85 million. Listing materials identify Elite Development NW as the builder and House of Ponce as its design collaborator, and the house holds four bedrooms and five bathrooms across a reported 4,215 square feet.
The house is positioned for panoramic views of the valley and Oregon wine country, with walls of glass along the view side and expansive Nano doors opening the interior to the terraces. Thermador appliances outfit the kitchen, the main entertaining rooms are laid out open to one another, and a separate guest apartment gives the property flexible room for guests or multigenerational households. A Modpools container pool anchors the view terraces.
Equestrian amenities include a two-stall barn with walk-out paddocks, fenced and cross-fenced pasture and a groomed trail circling the property; the barn is equally usable as a workshop, office or entertaining space. Buried high-speed internet, NW Natural gas service and a whole-home Generac backup generator round out the infrastructure, and downtown Newberg and its surrounding wineries are minutes away. The property previously changed hands for $675,000 in 2021, before the current residence was completed in 2022.
Wendy Martin of Cascade Hasson Sotheby’s International Realty listed the property, and the sale ranked No. 5 in RealtyWire’s Portland Metro Area Top 5 for the week. Jamie Harned of Willcuts Company Real Estate represented the buyer.
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RealtyWire selected these transactions from publicly reported residential sales identified for the calendar week ending Sunday, September 20, 2026. The report may exclude private, off-market, delayed or nondisclosed transactions. Prices, property details and professional representation are reported as available at publication and may be updated following confirmation from transaction participants.
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