By Living Room Realty, October 11, 2019
So very excited for my clients who’s offer was accepted on this beautiful Lake Oswego Craftsman. Located in the idyllic Lake Grove community, this 3 bed, 2.5 bath home is one of those homes that you don’t want to leave (I got real comfy during inspections). It’s cozy and peaceful, and was a great deal because at $875k, it came with a Lake Easement. My clients wanted to make sure that they had year-round Lake access.
So, what is a lake easement?
Easements provide access to property owners in the City of Lake Oswego who have special deeded lake access privileges. It’s like a small, private club that allows members to access the lake for water activities like swimming, kayaking, canoeing, paddle boarding and boating.
Lake Oswego Corporation (LOC) owns 20 lakeside properties at various locations around the lake to allow eligible easement members to exercise lake access privileges. Each easement is governed by its own individual set of by-laws and has its own volunteer board of directors, which can be found online. The people we reached out to during our search were always so helpful and friendly. Facilities and rate structures vary from easement to easement. Some have gas grills, picnic areas and playgrounds, while others have boat slips (these usually come with a long waitlist!) and kayak racks. Initiation fees range from $500-$3000 and annual fees are typically $225-$1000.
There are over 3,000 homes in Lake Oswego whose residents are eligible to exercise lake access privileges. Sometimes agents don’t advertise that the home they’ve listed has an easement, but this site allows you to see if a property has access to any easements. Just type in the home address in the box at the bottom.
Easements can’t be sold or transferred. Lake Oswego residents do also have access to two swim parks, although these are only for swim and operate in the Summer months as opposed to year round.
Interested in Lake Oswego home with an easement? Reach out!
