$899,000
NEW CONSTRUCTION $76K PRICE DROP

Estimated payment $5,554/month

Total Views 4,404
3 Beds
2.5 Baths
1,589 Sq Ft
$566 Price per Sq Ft

Highlights

  • New Construction
  • Custom Home
  • Wood Flooring
  • Forest Hills Elementary School Rated A
  • Built-In Refrigerator
  • No HOA

About This Home

Welcome to Koval Cottages — a first-of-its-kind offering in the heart of Lake Oswego’s coveted First Addition. Set within one of the nation’s most beloved cottage communities, this new collection of standalone homes delivers the ultimate walkable lifestyle. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets. Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low-maintenance luxury in the city’s most charming neighborhood. Crafted by the renowned Koval Construction, each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone cottage in the heart of First Addition.

Listing Agent

Terry Sprague

LUXE Forbes Global Properties License #200509281 Listed on: 12/03/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Custom Home
  • Cottage
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,589 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Laundry Room
  • Finished Basement

Kitchen

  • Built-In Oven
  • Built-In Range
  • Built-In Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Forest Hills Elementary School
  • Lake Oswego Middle School
  • Lake Oswego High School

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number New Construction

Home Details

Home Type

Single Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 3
  • Year Built: 2025
  • Property Condition: NewConstruction
  • New Construction Builders Required Addendums: No
  • New Construction Builders Warranty: Yes
  • New Construction C C B Type: Residential
  • New Construction Early Release Earnest Money: No
  • New Construction Oregon C C B Notices Attached: No
  • New Construction Permit Number: TBD
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Cottage, CustomStyle
  • New Construction: Yes
  • Property Attached Yn: No
  • Current Price For Status: 899000.0
  • Open House: No
  • Special Features: NewHome

Interior Features

  • Total Bathrooms: 2.1
  • Interior Amenities: HardwoodFloors, Laundry, WoodFloors
  • Basement: Finished
  • Appliances: BuiltinOven, BuiltinRange, BuiltinRefrigerator, Dishwasher, Disposal
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • BathroomsFullLowerLevel: 1
  • BathroomsFullUpperLevel: 1
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: SqFt0Kto2999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 0K to 2,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Exempt
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Forest Hills
  • High School: Lake Oswego
  • Middle Or Junior School: Lake Oswego

Lot Info

  • Land Lease: No
  • Parcel #: New Construction

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2026 01/15/26 Price Changed $899,000 -7.8% $566 / Sq Ft
12/03/2025 12/03/25 For Sale $975,000 -- $614 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- Accommodation/Courtesy Recordi
Warranty Deed $1,220,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $976,000 Construction
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 595009797

Regional Multiple Listing Service (RMLS)

APN: 00193935