Exceptional opportunity in the coveted Forest Highlands neighborhood! This 5-bedroom (master on the main), 3-bathroom, three-level residence offers refined comfort on .67 of an acre, timeless design, and generous indoor-outdoor living. This is a well established neighborhood with longtime residents...homes don't come available too often. While this home has been updated in the last 20 years...the opportunity to re-imagine the space is an incredible opportunity! The main floor welcomes you with soaring vaulted ceilings & abundant natural light, floating staircase and a layout built for entertaining! The spacious kitchen is designed for both everyday living and effortless entertaining, featuring a large island, extensive counter space, and plentiful cabinetry, with a dedicated dining room just off the kitchen. The luxurious primary suitenon the main level, serves as a private retreat, complete with a spa-inspired en suite bath designed for relaxation & rejuvenation. Additional bedrooms provide flexibility for guests, home office needs, or multi-generational living, while a versatile flex/bonus room adapts beautifully as a media room, gym, or creative space. The lower level features a huge second living area anchored by a vaulted wet bar and a cozy fireplace, perfect for movie nights or quiet evenings in. Outdoors, the expansive grounds offer room to roam and unwind with a play set, fire pit area, and ample space to enjoy the privacy and possibilities that come with over a 1/2 acre in Lake Oswego. Lake oswego high school, culdesac privacy, and a home with just under 4000sqft offers endless updating possibilities. Assessed at over $2mm!