Why Live in Lakeview-Summit
Lakeview-Summit in Lake Oswego stretches along nearly two miles of Oswego Lake's northern shoreline, featuring luxurious homes and scenic landscapes. The neighborhood is known for its larger Craftsman houses from the 1920s, Craftsman-inspired homes, Northwest Contemporary designs, and older mansions with Colonial and Mediterranean Revival styles. Residents enjoy access to Iron Mountain Park with its playground, picnic shelter, and trails, as well as the Beth Ryan Nature Preserve and Springbrook City Park, which offers wildlife viewing and trails. The area is safer than the national average, providing a sense of security for its residents. Lakeview-Summit is conveniently located between the Boone's Ferry Road Commercial District and downtown Lake Oswego, offering dining options like La Provence Boulangerie & Patisserie, Malee's Thai, and Riccardo's Ristorante. The neighborhood also benefits from proximity to Millennium Plaza Park, which hosts the Lake Oswego Farmers Market and the Asian American Pacific Islander Heritage Month Celebration. Families in Lakeview-Summit have access to highly rated schools, including Lake Grove Elementary School, Lake Oswego Junior High School, and Lake Oswego High School, known for its academic excellence and strong athletics program. While public transportation is limited, residents can access bus services on Boones Ferry Road or drive to the Tualatin Park & Ride station three miles away. Commuting to Downtown Portland is a 10-mile drive, and Portland International Airport is 20 miles away. The nearby Oswego Lake Country Club offers a private golf course, dining, and a pool for members.
Frequently Asked Questions
Is Lakeview-Summit a good place to live?
Lakeview-Summit is a good place to live. Lakeview-Summit is considered very car-dependent and somewhat bikeable with minimal transit options. Lakeview-Summit is a suburban neighborhood. Lakeview-Summit has 7 parks for recreational activities. It is fairly sparse in population with 4.0 people per acre and a median age of 54. The average household income is $160,621 which is above the national average. College graduates make up 85.7% of residents. A majority of residents in Lakeview-Summit are home owners, with 17.6% of residents renting and 82.4% of residents owning their home. A
local real estate agent serving Lakeview-Summit can help you decide if this neighborhood is the right one for you. Learn more on our
Lakeview-Summit neighborhood guide.
How much do you need to make to afford a house in Lakeview-Summit?
The median home price in Lakeview-Summit is $1,695,000. If you put a 20% down payment of $339,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $8,440 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $362K a year to afford the median home price in Lakeview-Summit. The average household income in Lakeview-Summit is $161K.
What are the best public schools in Lakeview-Summit?
The best public schools that serve Lakeview-Summit are:
What are the best private schools in Lakeview-Summit?
The best private schools that serve Lakeview-Summit are:
What are the most popular zip codes in Lakeview-Summit, Lake Oswego, OR?
What are the most popular neighborhoods near Lakeview-Summit, Lake Oswego, OR?
Home Trends in Lakeview-Summit, OR
On average, homes in Lakeview-Summit, Lake Oswego sell after 77 days on the market compared to the national average of 52 days. The median sale price for homes in Lakeview-Summit, Lake Oswego over the last 12 months is $1,384,250, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$1,384,250
Median Single Family Sale Price
$1,515,000
Average Price Per Sq Ft
$676
Number of Homes for Sale
7
Last 12 months Home Sales
20
Median List Price
$1,695,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-10%
