Picture this: you’re scrolling through Zillow, sipping your Starbucks latte, and you stumble across a mansion that makes your jaw drop like you just saw a plot twist in a Netflix thriller. That’s exactly what happened when I found this insane $9.95 million estate in Lake Oswego, Oregon. This isn’t just a house—it’s a 19,444-square-foot masterpiece that’s got everything from a pond to a theater that doubles as a ballroom. Oh, and did I mention the forest-themed playroom with a treehouse bunk and a rope bridge? Yeah, they’re rolling big in Oregon, and I’m here to break it all down for you in a way that feels like we’re chatting over a couple of cold brews. Let’s dive into this real estate gem and see why it’s the talk of the town.
A Mansion That’s Basically a Resort
When you hear “mansion,” you might think of a big house with a fancy chandelier and a pool out back. But this Lake Oswego estate at 12850 S. Fielding Road takes it to a whole new level. We’re talking nearly 20,000 square feet of pure luxury, sitting on a three-acre lot along the Willamette River. It’s like someone took a five-star resort, sprinkled in some Hollywood magic, and plopped it in the Pacific Northwest. The listing, handled by Steve Nassar and Robert Fine of Premiere Property Group, is priced at $9.95 million, and trust me, it’s worth every penny if you’ve got that kind of cash lying around.
A Gated Entrance That Screams “VIP Only”
First impressions? This place nails it. You roll up to a gated driveway, and it’s like pulling into a private estate owned by a tech mogul or a movie star. The front yard is anchored by a massive pond with a bridge crossing over it—think of it like the moat around a castle, but way prettier. Towering trees surround the property, giving you privacy that even Jeff Bezos would envy. It’s the kind of setup where you could host a barbecue for 50 people, and your neighbors would never know.
A Price Tag That’s Actually a Steal
Now, $9.95 million sounds like a lot—and let’s be real, it is—but in the world of luxury real estate, this is a deal. For comparison, a 20,000-square-foot mansion in places like Los Angeles or Miami could easily run you $20 million or more. In Lake Oswego, you’re getting all this for under $10 million. That’s like finding a pair of Air Jordans on Amazon for half price. Sure, the property taxes are around $100,000 a year (yikes!), but for a place this loaded, it’s a no-brainer for the right buyer.
Inside the Mansion: Where Whimsy Meets Wow
Step inside, and it’s like walking onto the set of a blockbuster movie. The former owner, Shobi Dahl (yep, the guy tied to Dave’s Killer Bread), dropped $235,000 on renovations to make this place pop with color and personality. Think of it as a house that’s equal parts luxurious and fun. Here’s a peek at some of the standout features.
A Great Room That’s Instagram-Worthy
The great room is where you’ll want to spend all your time. It’s got dark cerulean walls, a marble-clad fireplace, and wood paneling that gives it a cozy yet upscale vibe. It’s the kind of spot where you could binge-watch Stranger Things on a massive TV or host a fancy dinner party that feels straight out of The Great Gatsby. The room flows seamlessly into other parts of the house, making it perfect for entertaining.
A Dining Room Fit for Royalty
If you’ve ever dreamed of dining like you’re at a royal banquet, the formal dining room has you covered. It’s got muraled walls, a bronzed fireplace, and a chandelier with a flower petal ceiling medallion that’s basically art. It’s the kind of place where you’d serve a Thanksgiving spread that would make Gordon Ramsay jealous. Plus, French doors open to a backyard patio that seats 20—perfect for summer barbecues or sipping wine under the stars.
A Theater That’s Also a Ballroom? Yes, Please!
Now, let’s talk about the pièce de résistance: the double-height theater room. This isn’t just a place to watch movies—it’s got a massive carved stone fireplace, an elevated stage, and enough space to turn it into a full-on ballroom for your next big bash. Imagine hosting a wedding reception or a corporate event here. It’s like having your own private event venue, minus the hassle of booking one. The ceiling mural adds a touch of class, making it feel like you’re dancing in a European palace.
A Forest-Themed Playroom That’s Pure Magic
If you’ve got kids (or just love a good theme), the forest-themed playroom is where it’s at. Picture this: a treehouse bunk with a rope bridge, real birch trees, and a “Narnia”-inspired vibe. It’s the kind of room that would make any kid—or let’s be honest, any adult—feel like they’re living in a fairy tale. My inner child is screaming to climb that rope bridge right now. This room alone makes the house feel like a playground for all ages.
Other Rooms That Steal the Show
The mansion doesn’t stop there. There’s a whiskey library with sky-high bookcases (perfect for your bourbon collection), a billiards room for late-night hangouts, and a moody den filled with medieval armaments that’s giving serious Game of Thrones vibes. Need to work out? There’s an exercise room. Want to curl up with a book? The mahogany-paneled library has you covered. It’s like every room was designed to make you say, “Wow, they thought of everything.”
Bedrooms and Bathrooms: Luxury at Every Turn
With nine bedrooms and 13 bathrooms, this mansion is built for big families, lots of guests, or just having space to spread out. Most of the bedrooms are on the second floor, and the primary suite is straight-up dreamy. It’s got a walk-in closet that’s bigger than most apartments, a custom-tiled bathroom, and a sitting area with dual doors opening to a balcony overlooking the river. It’s the kind of bedroom where you’d wake up feeling like you’re on vacation every day.
The other bedrooms are just as impressive, with some featuring Juliet balconies that overlook the ballroom. Whether you’re hosting family for the holidays or turning a room into a home office, there’s no shortage of space or style here.
Outdoor Vibes: A Waterfront Paradise
The outdoor space is just as jaw-dropping as the inside. The three-acre lot feels like your own private park, with tiered landscaping leading down to the Willamette River. There’s a boat lift and a deep-water dock, so you can hop on a boat and cruise the river whenever you want. It’s like having your own personal waterfront resort.
The backyard patio is perfect for hosting big gatherings, with a table that seats 20 and plenty of room for lawn games or a bounce house for the kids. The pond out front adds a serene touch, making it feel like you’re living in a nature reserve, but with all the perks of a luxury estate.
Why Lake Oswego? The Perfect Blend of Chill and Classy
If you’re not familiar with Lake Oswego, let me paint the picture. It’s about five miles south of Portland, so you’re close to the city’s coffee shops, food trucks, and hipster vibes, but it feels like a quiet getaway. The town is known for its top-notch schools, tree-lined streets, and luxury homes that make you feel like you’re living in a postcard. It’s no wonder why Lake Oswego is one of Oregon’s most exclusive neighborhoods.
The housing market here is competitive, with homes selling for a median price of $800,000 in February 2025, according to Redfin. But this mansion? It’s in a league of its own. Whether you’re a tech entrepreneur, a retiree looking for a dream home, or just someone who wants to live like a celebrity, this place checks all the boxes.
Who’s Buying This Dream House?
So, who’s the lucky buyer for a place like this? According to listing broker Justin Harnish, it’s someone who wants “space both indoors and outdoors without being far from town.” Think of someone who loves the idea of a private retreat but still wants to be close to Portland’s buzz. Maybe it’s a family who wants room for everyone to spread out, or a business mogul who needs a spot to impress clients. Heck, it could even be someone like me who just wants to live out their Narnia fantasies in that playroom.
Final Thoughts: A Once-in-a-Lifetime Find
This Lake Oswego mansion isn’t just a house—it’s a lifestyle. From the forest-themed playroom to the theater-turned-ballroom, every inch of this place is designed to make you feel like you’re living in a dream. At $9.95 million, it’s a steal for what you’re getting, especially in a market where luxury homes are only getting pricier. If you’re ready to level up your life and live like royalty in Oregon, this estate is calling your name.
Want to take a closer look? Check out the full listing on Realtor.com or reach out to Premiere Property Group for a tour. And if you’re still on the fence, just imagine hosting your next birthday party in that ballroom or letting your kids run wild in the treehouse room. Trust me, you’ll be saying, “I did NOT know they rolled like this in Oregon!” too.
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