Lake Oswego Homes under $250,000

Lake Oswego Homes under $250,000

Welcome to Lake Oswego, Oregon, a picturesque city that perfectly blends suburban charm with a vibrant community spirit. Nestled just south of Portland, Lake Oswego is renowned for its stunning natural beauty, featuring serene lakes, lush parks, and scenic walking trails. With a rich history dating back to the 1800s, this thriving city is not just a place to live but a lifestyle to embrace.

One of the most appealing aspects of Lake Oswego is its commitment to maintaining a high quality of life for its residents. The city boasts excellent schools, a variety of local shops, and a diverse array of dining options, making it a great place for families and individuals alike. The waterfront area is particularly enchanting, providing residents with opportunities for boating, fishing, and enjoying leisurely strolls along the lakeside.

For those seeking affordable housing options, you'll be pleased to discover that Lake Oswego has homes available for under $250,000. While this price point may be challenging to find in many desirable neighborhoods, there are still opportunities for first-time homebuyers or those looking to downsize. These homes often come with unique character and charm, offering a cozy retreat in a thriving community.

Whether you're drawn to the area's natural beauty, the strong sense of community, or the affordable housing options, Lake Oswego is a hidden gem waiting to be explored. Discover your dream home in this enchanting city, where every day feels like a vacation.

Newest Lake Oswego Homes under $250,000

100 KERR PKWY Unit #6, Lake Oswego
$165,000
1 Beds ⋅ 1 Baths ⋅ 157549901 MLS
Move-in ready low-maintenance living in the heart of Mountain Park! This one-bedroom condo pairs an open, functional layout with wall-to-wall windows that bring in abundant natural light and frame the surrounding greenery. The roomy kitchen features an large breakfast bar with plenty of room for meal prep, dining and entertaining. Entry is tile, with a large storage closet with room to stack or hang items. A majority of the living space features gorgeous hardwood floors. Step outside to your private covered patio and enjoy a peaceful setting tucked among the trees. Stacked washer and dryer are included for added convenience. One assigned parking space and no rental cap add flexibility for both owner-occupants and investors. Mountain Park residents enjoy access to an impressive collection of amenities, including indoor/outdoor pools, fitness facilities, tennis and pickleball courts, miles of walking trails, parks, playgrounds and community activities. Conveniently located near shopping, dining, downtown Lake Oswego and freeway access, this is an easy home base with recreation right outside your door. Newer windows and siding add for additional peace of mind.

100 KERR PKWY Unit #6, Lake Oswego
13 OSWEGO SMT Unit #13, Lake Oswego
$199,000
1 Beds ⋅ 1 Baths ⋅ 691889271 MLS
Move-in ready 1-bedroom, 1-bath condo with assigned carport in Lake Oswego’s desirable Mt. Park! Refreshed with new LVP flooring and interior paint. The living room features a slider to a private patio with additional storage closet. Primary bedroom offers a generous walk-in closet. All kitchen appliances included, and community laundry in building. On bus line, and conveniently located close to PCC, OHSU, I-5 and Downtown Portland, with shopping, restaurants and schools nearby. Community amenities include a pool and party room with kitchen, plus access to Mt. Park Recreation Center amenities, including pool, spa, water slide, weight and cardio rooms, and fitness classes. A great opportunity to enjoy low-maintenance living in a convenient Lake Oswego location!

13 OSWEGO SMT Unit #13, Lake Oswego
84 GALEN ST, Lake Oswego
$189,000
1 Beds ⋅ 1 Baths ⋅ 543371275 MLS
Open house 10:30am-12:30pm 9/20. Amazing value in Lake Oswego! Seller has invested over $50,000 in recent upgrades to this charming 1-bedroom home in the desirable Westlake/Oak Creek area. It has newer furnace, water heater, plumbing, appliances, floors, cabinets doors, granite countertops, light fixtures and more! The inviting living room features dramatic vaulted ceilings, a cozy wood-burning fireplace, and vinyl plank flooring throughout. A sliding glass door opens to an oversized private balcony, perfect for relaxing or entertaining. All appliances are included for easy move-in. Conveniently located with quick access to I-5, shopping, dining, downtown Lake Oswego, and the popular Westlake area. Walk to the best Oak Creek elementary school! A fantastic opportunity to enjoy the Lake Oswego lifestyle at an exceptional value!

84 GALEN ST, Lake Oswego
47 EAGLE CREST DR Unit #14, Lake Oswego
$199,000
1 Beds ⋅ 1 Baths ⋅ 445071475 MLS
Cute, charming and completely move-in ready in beautiful Lake Oswego! Remodeled from the studs up with no expense spared, this light and bright ground-floor condo feels fresh, stylish and thoughtfully finished throughout. Updates include LVP flooring, quartz countertops, soft-close cabinetry, stainless steel appliances, new trim, paint, doors, digital LED lighting and added double insulation in the walls. The beautifully updated bathroom features a sleek walk-in shower, while an in-unit washer and dryer make everyday living easy. Step outside to the private covered patio—perfect for morning coffee or cozy evenings—with a peekaboo view of Mt. Hood and a private storage unit for added convenience. Ground-level living also helps keep the home naturally cooler during the warmer months. Additional features include a deeded parking space and newer sliding door. Enjoy a quiet setting, nearby trails and access to the Mountain Park Rec Center, offering fitness classes, a pool and athletic courts. This adorable condo offers easy, low-maintenance living in a fantastic Lake Oswego location!

47 EAGLE CREST DR Unit #14, Lake Oswego
44 EAGLE CREST DR Unit #19, Lake Oswego
$227,900
2 Beds ⋅ 1 Baths ⋅ 565125861 MLS
Some homes impress. Others help you exhale.Perched above the trees in one of Lake Oswego’s most peacefulcommunities, this private end-unit condominium feels more like asecluded retreat than a place to call home. With no residence below and surrounded by mature evergreens, you’ll wake to birdsong, enjoy territorial and mountain views, and experience a level of quiet that’s becoming increasingly rare.Inside, the light-filled open floor plan creates an effortless flow between the living room, dining area, and kitchen. A dramatic stone fireplace anchors the space, while oversized windows invite the outdoors in, filling the home with natural light throughout the day. Sliding doors lead to a private deck—the perfect place for morning coffee, an evening glass of wine, or simply taking in the peaceful setting.Life here extends well beyond your front door. Spend warm summerafternoons by the community pool, unwind in the hot tub after a long day, stay active in the fitness center, or explore nearby walking trails surrounded by nature. And when you’re ready for a change of pace, you’re just minutes from the shops, restaurants, cafés, and everyday conveniences that make Lake Oswego one of Oregon’s most desirable places to live.Whether you’re searching for a low-maintenance primary residence, a lock-and-leave lifestyle, or simply a home that offers peace without sacrificing convenience, this is the kind of place you’ll look forward to coming home to every day.

44 EAGLE CREST DR Unit #19, Lake Oswego
100 KERR PKWY Unit #52, Lake Oswego
$174,900
1 Beds ⋅ 1 Baths ⋅ 755267468 MLS
SELLER FINANCING AVAILABLE – MOTIVATED SELLER, BRING YOUR OFFER!This is your chance to live in Lake Oswego for less. This upgraded, first-floor one-bedroom in Mountain Park gives you single-level living, a wooded view and access to one of the area's best amenity centers, at a price that's hard to find in this premier community. Step inside to an open, light-filled layout with wall-to-wall windows and luxury vinyl plank floors throughout the living area and bedroom. There's a dedicated spot for a desk, ready for working from home. A new heat pump delivers efficient heating and air conditioning all year. Slide open the doors to your private covered patio overlooking the trees. With no stairs and nature right outside, it feels like your own backyard. Enjoy a pool right on the property, plus HOA dues include membership to the Mountain Park Recreation Center. Purchased separately, that membership would cost about $85 per person per month plus a $100 initiation fee. The Rec Center offers indoor pools, a fitness center, tennis and pickleball courts, walking trails, parks, and community events. Also included: a new washer and dryer and one assigned parking space. HOA dues are $566 per month. There's no rental cap, so it works well for owner-occupants and investors. You're minutes from shopping, dining, downtown Lake Oswego, highly rated schools, and easy freeway access. The seller is ready to move. Ask about seller-financing terms and schedule your showing today!

100 KERR PKWY Unit #52, Lake Oswego
47 EAGLE CREST DR Unit #40, Lake Oswego
$179,900
1 Beds ⋅ 1 Baths ⋅ 301089714 MLS
LOWEST-PRICED LAKE OSWEGO CONDO WITH NO SPECIAL ASSESSMENT* SUBJECT TO LOAN-PROGRAM RULES. May reduce closing or ongoing housing expenses. A mortgage officer will be attending both open houses. Ask about the property, open house, or tailored financing and assistance options through the Homecoin listing page. Move right into this refreshed one-bedroom condo with a bright, efficient layout, private balcony, dedicated parking, and access to Ridgeview amenities and Mountain Park recreation. New flooring and fresh paint complement the open living, dining, and kitchen area. The kitchen includes a refrigerator, oven, and dishwasher; the bathroom is updated. The HOA covers water, sewer, garbage, landscaping, and exterior maintenance. NO CURRENT SPECIAL ASSESSMENT• NO RENTAL CAP• PETS WELCOME. COMPLETED EXTERIOR RENOVATION (2020): siding, roof, windows, exterior doors, and balconies. The parking lot was recently sealcoated and restriped. A laundry room just short distance from the condo has multiple commercial washers and dryers, so you can wash and dry loads simultaneously. Enjoy a seasonal outdoor pool, indoor basketball court, three-lane 25-yard indoor pool, heated therapeutic spa pools, sauna, yoga and studio rooms, community classes, and scenic trails. Short distance to Lake Oswego shops and dining, I-5, OR-43, OR-217, and the Bus 97 stop; downtown Portland and Tryon Creek are nearby. A low-maintenance option for first-time buyers, downsizers or any buyers. | *Based on active listings checked 10/21/2026.

47 EAGLE CREST DR Unit #40, Lake Oswego
358 CERVANTES CIR, Lake Oswego
$248,000
2 Beds ⋅ 1 Baths ⋅ 288150696 MLS
Tucked into the heart of Mountain Park, this updated end-unit townhome-style condo offers the perfect blend of comfort, convenience, and natural surroundings. With only one shared wall and peaceful views from the private deck, this home lives larger than its footprint while providing the low-maintenance lifestyle buyers love. Inside, fresh paint, new luxury vinyl plank flooring throughout the main level, updated lighting, and thoughtful improvements create a move-in-ready feel. The kitchen features stainless steel appliances, a dedicated laundry area, and a custom butcher block breakfast bar that adds valuable prep space, casual dining, and additional functionality. The adjoining dining and living areas are filled with natural light and anchored by a cozy wood-burning fireplace with hearth. A sliding door opens to the private balcony, creating an ideal space to enjoy morning coffee, unwind after work, or simply take in the surrounding greenery. An exterior storage closet provides convenient space for seasonal items, outdoor gear, and more. Upstairs, new carpet and padding extend throughout both bedrooms and the stairway. The spacious primary bedroom features two closets, while the second bedroom offers a large walk-in closet with built-in shelving. Additional updates include new floor registers, updated switch plates, and an updated thermostat. Located near the entrance of the community, this home enjoys convenient access to nearby guest parking and its detached garage. Residents enjoy access to Mountain Park's extensive trail network and recreation amenities, including pools, fitness facilities, sport courts, and community programming. Conveniently located near PCC, shopping, dining, downtown Lake Oswego, downtown Portland, and major commuter routes, this home offers an ideal balance of nature, community, and accessibility.

358 CERVANTES CIR, Lake Oswego
44 EAGLE CREST DR Unit #10, Lake Oswego
$189,000
1 Beds ⋅ 1 Baths ⋅ 245824062 MLS
Are you looking for your first home, an investment property, or downsizing? This is the place for you! A peaceful escape in the heart of Lake Oswego. This light-filled condo at Ridgecrest features an open layout, large windows framing tree-lined views, a private deck made for morning coffee, and a wood-burning fireplace for cozy evenings in. Plus, you get a refrigerator, washer, and dryer all included. Ownership includes access to the on-site pool plus the full Mountain Park Community — clubhouse, fitness center, leisure and lap pools, hot tub, saunas, tennis courts, event venue, and scenic walking trails. Downtown Lake Oswego's restaurants, boutiques, and parks are just minutes away. Whether you're downsizing, starting fresh, or simply ready for a quieter pace, 44 Eagle Crest Dr is a wonderful place to begin your next chapter. Ready to see it in person? Contact us for a tour today!

44 EAGLE CREST DR Unit #10, Lake Oswego
44 EAGLE CREST DR Unit #26, Lake Oswego
$229,900
2 Beds ⋅ 1 Baths ⋅ 528475506 MLS
Tucked into Lake Oswego’s desirable Mountain Park community, this upper-level end-unit condo offers comfort, privacy, and access to an incredible lineup of amenities. The end-unit setting means no neighbor on one side, while the elevated position captures territorial and seasonal views, with the possibility of Mt. Hood on a clear day. Inside, the home feels fresh and inviting with updated LVP flooring throughout, recent interior paint, and a cozy wood-burning fireplace that adds warmth and charm to the living space. The kitchen features new flooring, granite countertops, refreshed cabinets, and stainless steel appliances, creating a clean and functional space for everyday living. The bathroom has also been thoughtfully updated with new flooring, a new vanity, and updated fixtures, giving the home a fresh, move-in ready feel. In-unit laundry adds everyday convenience, and the washer and dryer are included. Step outside to the balcony and enjoy the view, along with the convenience of an attached storage unit. This building is ideally located right by the community pool, making summer days even easier to enjoy. As a Mountain Park resident, you’ll also have access to fantastic community amenities including an indoor pool, hot tub, miles of walking trails, racquet club, clubhouse, gym, and more. With parking included, fresh updates, a private end-unit location, in-unit laundry, and access to one of Lake Oswego’s most amenity-rich communities, this condo is a wonderful opportunity to enjoy easy living in a beautiful setting.

44 EAGLE CREST DR Unit #26, Lake Oswego
40 CERVANTES CIR, Lake Oswego
$250,000
2 Beds ⋅ 1 Baths ⋅ 259454271 MLS
Tucked into the serene, tree-filled community of Mountain Park, this updated two-story townhome style condo offers a rare combination of privacy, style, and everyday convenience.Inside, you’ll find a bright, open layout with new interior paint (2026) new LVP Floors (2026) and brand-new carpet (2026), creating a clean, modern feel from the moment you walk in. The living space is designed for both relaxing and entertaining, with easy flow and access to a private deck surrounded by lush greenery, perfect for unwinding at the end of the day.This move-in-ready condo includes in-unit laundry, a secured detached garage, and additional on-site parking, giving you both comfort and practicality.HOA dues cover water, sewer, trash, and landscaping, along with full access to the Mountain Park Recreation Center, featuring a pool, gym, tennis courts, and a variety of fitness and recreation options.Ideally located just minutes from Trader Joe's, Whole Foods Market, and Zupan's Markets, as well as local Coffee Shops, this home offers true convenience without sacrificing its peaceful setting. Outdoor lovers will appreciate nearby escapes like George Rogers Park and Nansen Park, while additional shopping, dining, and recreation are all just a short drive away. This location strikes the perfect balance between nature, accessibility, and lifestyle, ideal for commuters, downsizers, or anyone seeking a turnkey, lock-and-leave home in one of Lake Oswego’s most desirable communities.

40 CERVANTES CIR, Lake Oswego
47 EAGLE CREST DR Unit #13, Lake Oswego
$228,000
2 Beds ⋅ 1 Baths ⋅ 228488968 MLS
Beautifully maintained condo in the desirable Eagle Crest community. This light and bright unit offers a comfortable and functional layout with spacious living areas and great natural light throughout. The open concept living and dining space flows seamlessly, creating an inviting atmosphere for both everyday living and entertaining.Enjoy a unique sense of privacy with only two neighboring units and an elevated balcony/patio that provides a peaceful setting to relax and take in the surroundings. Convenient parking is located directly in front of the unit, and with only five steps down to the front door, accessibility is a standout feature.The home features well-sized bedrooms and thoughtful use of space, making it feel both cozy and practical. Enjoy peaceful surroundings with access to all that Eagle Crest has to offer, including scenic trails, golf, and resort-style amenities.Whether you're looking for a full-time residence, vacation home, or investment opportunity, this property offers flexibility, privacy, and low-maintenance living in one of Eagle Crest's most sought-after communities.

47 EAGLE CREST DR Unit #13, Lake Oswego
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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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