Big Views in Oregon

Big Views in Oregon

STATS: A 7,847-square-foot home with five bedrooms and 5½ bathrooms asking $4.4 million, or $560 a square foot. Property taxes in 2011 are $35,003. The house was originally listed for $5.9 million in 2008 and taken off the market a year later.

DETAILS: This shingled, Hamptons-style home sits on 1.4 acres on the side of Lake Oswego’s Iron Mountain. The study is paneled in African mahogany. The master bath, which includes a steam shower, looks out at Lake Oswego, Mount Hood and the Willamette Valley. The house also has a wine cellar, a theater, a four-car garage and an outdoor fireplace. The shelves in the office were designed to accommodate the owners’ collection of cocktail shakers (they’re going with the owners). The home appeared in the 2010 film “Extraordinary Measures” with Harrison Ford.

SELLERS:John and Sarah Ward. Mr. Ward is a senior vice president at Stifel, Nicolaus & Co., where he manages municipal bonds.

THE NEIGHBORHOOD: It’s 15 minutes to downtown Portland and dinner at Pok Pok, where chef Andy Ricker won the 2011 James Beard award.

WHAT WE PAID: The owners estimate that they’ve put $3 million into the house and the land. Mr. Ward bought the property and the original 1,400-square-foot house in 1996 for $325,000.

WHY WE’RE SELLING: “I want to do it again,” says Mr. Ward. “I love the process.”

WHAT WE’LL MISS: The views and the proximity to everything.

WHAT WE WON’T: The coyotes and the deer.

OTHERS SAY:Tim Hardy of Keller Williams Realty has shown the house and appreciates the location and the abundance of natural light which he says is important for keeping away “the Oregon humdrums.” His clients weren’t surprised by the price. “I think the price is in the ballpark,” he says. Justin Harnish of Harnish Properties at Realty Trust Group has the listing and says the views, the private driveway and the high-end materials justify the price. “For what it is and what it has, it’s appropriately priced,” he says.

 

The author of this article is: Sarah Tilton

 See the original post at: http://online.wsj.com/article/SB10001424052970204531404577054611560119868.html?mod=WSJ_RealEstate_LeftTopNews

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