FIRST ADDITION Homes for Sale

Welcome to First Addition, an enchanting subdivision nestled in the heart of Lake Oswego, Oregon. Known for its picturesque tree-lined streets and vibrant community spirit, First Addition offers a unique blend of charm and modern living that makes it one of the most sought-after neighborhoods in Clackamas County.

The homes in First Addition are a delightful mix of architectural styles, ranging from classic Craftsman bungalows to contemporary masterpieces. Many of these residences boast spacious layouts, inviting outdoor spaces, and stunning views of the surrounding natural beauty. With an emphasis on quality craftsmanship and thoughtful design, these homes are perfect for families, professionals, and retirees alike.

Living in First Addition means enjoying the best that Lake Oswego has to offer. Residents have easy access to an array of local amenities, including boutique shops, gourmet restaurants, and scenic parks. The neighborhood is also home to highly-rated schools, making it an ideal location for families looking to provide their children with an exceptional education.

For those who enjoy outdoor activities, First Addition is just a stone’s throw away from the picturesque Oswego Lake, where you can indulge in boating, fishing, or simply basking in the sun. The nearby parks and trails provide ample opportunities for hiking, biking, and leisurely strolls, allowing you to immerse yourself in the natural beauty of the Pacific Northwest.

Currently, there are several homes for sale in First Addition, each offering its own unique charm and character. Don’t miss the chance to become part of this vibrant community and experience the idyllic lifestyle that First Addition has to offer. Your dream home awaits!

Newest FIRST ADDITION Homes for Sale

$699,900

3 Beds ⋅ 2 Baths ⋅ 495387816 MLS

** Now 50% sold out! 4 out of 8 homes are pending! ** Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple 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. 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 home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets! For investment purposes....ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

205 E AVE, Lake Oswego

$2,295,000

3 Beds ⋅ 3 Baths ⋅ 364229279 MLS

Step into a storybook sanctuary in Lake Oswego's First Addition, where timeless elegance and charm effortlessly blend in this welcoming Tudor-style home. Featuring a main floor primary suite with a private sunroom and patio, a recently completed ADU, and an expansive indoor/outdoor layout, perfect for year-round entertaining, this home offers the ultimate privacy surrounded by a lush Arborvitae border. Hand-scraped hardwood floors, a gourmet kitchen, and enchantingly timeless details like arched doorways and a ceiling-height stone fireplace create a warm, inviting atmosphere. The ADU is a flexible option for an ideal home office, exercise studio, guest suite, or multi-generational living. Just minutes from Lake Oswego's best restaurants, shopping, community events, and Farmer's Market, this home is a rare opportunity at a sanctuary in the heart of the community.

815 E AVE, Lake Oswego

$699,900

3 Beds ⋅ 2 Baths ⋅ 740627741 MLS

** Now 50% sold out! 4 out of 8 homes are pending! ** Don't miss your chance! CORNER LOT with the ability to fence both street facing sides! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple 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. 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 home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets! For investment purposes....ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

815 3rd ST, Lake Oswego

$2,395,000

4 Beds ⋅ 3 Baths ⋅ 401093618 MLS

Situated on a rare double corner lot in Lake Oswego’s coveted First Addition, this light-filled residence presents an extraordinary opportunity featuring nearly 4,300 square feet of living space thoughtfully laid out across just two levels. Designed for effortless entertaining, the open-concept layout centers around a gourmet kitchen, complete with a cozy fireplace and butler’s pantry, that flows into inviting living areas overlooking a private, level backyard. The upper level serves as a quiet sanctuary, anchored by a spacious primary suite with a walk-in closet and spa-like bath, alongside a charming bunk room with a Jack-and-Jill bathroom and two additional bedrooms. Perfectly positioned just blocks from all the dining, shopping, and vibrant amenities of downtown Lake Oswego, this home offers an unmatched blend of scale, setting, and everyday comfort. Nearby Forest Hills Elementary School is being rebuilt and will be an anchor for the neighborhood as it has in the past. Location is paramount: a short distance to Oswego Lake Country Club, access to Tryon Creek State Park and everything else that Lake Oswego has to offer.

401 9TH ST, Lake Oswego

$679,900

3 Beds ⋅ 2 Baths ⋅ 712181519 MLS

262 G AVE, Lake Oswego

$729,900

3 Beds ⋅ 2 Baths ⋅ 117977271 MLS

*** This is the model home *** If you've been waiting for these to hit rock bottom. Well, here it is. Now $200K below original list. THERE WILL NOT BE ANOTHER PRICE REDUCTION! Now 3 out of 8 are pending (see price list for pricing and availability). Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. 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 home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets! For investment purposes.... ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

801 3rd ST, Lake Oswego

$599,900

2 Beds ⋅ 2 Baths ⋅ 335778811 MLS

242 G AVE, Lake Oswego

$2,049,000

3 Beds ⋅ 2 Baths ⋅ 168010689 MLS

Stunning new construction by a premier local builder, this light-filled residence is gracefully positioned on a coveted corner lot in First Addition, lending an exceptional sense of space and presence. Thoughtfully designed with refined finishes throughout, the home showcases an upgraded window package that bathes each room in natural light while elevating its architectural appeal.The gourmet kitchen is a true centerpiece, appointed with high-end stainless steel appliances, an expansive island with breakfast bar seating, and a generous walk-in pantry. A seamless great room layout features a statement fireplace and striking beamed ceilings, ideal for both elegant entertaining and relaxed everyday living. The luxurious primary suite offers a serene retreat, complete with radiant heated floors, a soaking tub, an oversized walk-in shower, and a deluxe walk-in closet. Two additional spacious bedrooms and a versatile bonus room provide flexibility for guests, work, or leisure. A well-appointed main-level laundry room includes a utility sink and custom built-ins for added convenience. Outdoors, a covered back patio creates a year-round haven with its own gas fireplace and overhead heaters. A two-car garage and extended driveway ensure ample parking. Ideally located just blocks from Tryon Creek State Natural Area, Forest Hills Elementary School, and the vibrant shops and dining of downtown, this exceptional home offers luxury living in one of the area’s most sought after neighborhoods.

891 8TH ST, Lake Oswego

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