Exceptional opportunity to own a low-bank lakefront home on Blue Heron Bay, offering 134 feet of waterfront on Oswego Lake. Meticulously updated inside and out, this residence blends iconic design with refined modern living. Expansive views, abundant natural light, and a vaulted great room with a dramatic fireplace create a stunning main-level living experience. The well-appointed kitchen features stainless steel appliances, a professional 6-burner range, built in refrigerator, generous counter space, and an island ideal for both daily use and entertaining. The main-level bedroom suite features a beautifully finished custom walk-in closet, and a luxurious walk-in shower, with access to the main level deck. All of the bedrooms are ensuite, providing three full baths and offering comfort and privacy for guests or multi-generational living. The lower level enhances flexibility with a family/media room, custom built-ins, and direct access to the covered lakeside patio with a built-in outdoor kitchen complete with a BBQ. Outdoor spaces are thoughtfully designed to maximize the waterfront lifestyle, including a boathouse, fire pit, hot tub, and manicured shoreline with generous boat parking adding convenience for lake enthusiasts. With approximately 3,462 sqft this home is ideally located offering easy access to the main lake and the best of Lake Oswego living. Listing Principal Broker is the Seller. Subject to Seller receiving financing for a 1031 exchange. The property has been either for sale or for rent for the past several months. The highest rent received was nearly $14,000/mo.