Rare Lakewood Bay cabana residence within the Lake Oswego Sailing Club enclave, offering a front-row connection to one of Lake Oswego's most distinctive waterfront settings. Set just behind the gated entrance, gas lanterns on the front patio create an immediate sense of warmth and arrival. Inside, 10-ft ceilings, quality materials, formal dining, den, and an open modern floor plan frame a life lived right on the water, with a different view from nearly every window. The gourmet kitchen features granite counters, Sub-Zero refrigeration, custom cabinetry, and rich woodwork carried throughout the home. The spacious primary suite captures panoramic views, while generous storage throughout supports everyday ease. Step outside to a wraparound dock with covered fireplace, boat lift, and seamless indoor-outdoor entertaining. Recent updates include fresh exterior paint, stained dock, upgraded light fixtures, and more. Detached garage plus covered parking. Premier downtown Lake Oswego location. Walk to nearby shops, dining, parks, and lake amenities.