17243 FERNWOOD DR Lake Oswego, OR 97034

Tucked away down a long driveway in Lake Oswego's sought-after Palisades neighborhood, this beautiful 5-bedroom, 3.5-bath home blends timeless style with modern comfort. Offering 2,852 square feet of living space on nearly half an acre, the home features a desirable main-level layout with the primary suite and two additional bedrooms, along with a spacious kitchen and formal living and dining areas that open to a serene outdoor setting—perfect for relaxing or entertaining. The finished lower level adds exceptional flexibility with two more bedrooms, a bonus room, and a versatile flex/storage space with separate exterior access—ideal for a guest suite, multigenerational living, or potential ADU. Built in 1962, the home also includes an oversized garage and generous storage throughout. Located in a top-rated school district. PALISADES PARK COMMUNITY CLUB easement eligibility.