15200 Lily Bay Ct is a genuinely practical way into Lake Oswego lifestyle without paying top turnkey premiums. Positioned at the end of a quiet cul-de-sac in the Village on the Lake area, this two-story traditional offers 3,260 square feet of living space, a private, sloped 8,276 sq ft lot, and a flexible bonus room with a walk-in closet that can serve as a fourth bedroom, guest suite, or dedicated workspace.
The main floor centers around a well-proportioned kitchen with granite counters, a cook island, stainless appliances, pantry and tile work — a layout that supports both everyday family use and easy entertaining. The home includes three bedrooms plus the convertible bonus space, 2.5 baths, and living areas sized for multiple furniture arrangements. Interior systems and finishes are serviceable, but the home is being sold priced to reflect the need for a new roof and a few repairs — an opportunity for a buyer to personalize finishes and capture immediate equity.
Outdoor living benefits from the cul-de-sac setting and yard privacy; the lot slopes thoughtfully to create usable yard zones and planting areas. The property is eligible to join the Village on the Lake easement, which may allow access to neighborhood lake amenities — a true local perk. Parking is convenient with a two-car garage, driveway space, and ample guest parking on the cul-de-sac.
Lake Oswego's schools, mature tree-lined streets, and nearby Lake Grove shopping/restaurants make this location desirable. If you’re seeking value in a top-tier suburb — whether as an owner who wants to renovate to taste or an investor targeting rehab upside — this home merits a close look. Please schedule inspections to confirm roof scope and other items flagged in the MLS remarks. Contact listing agent Justin Harnish at 503-699-8483 for showings and contractor recommendations.