Story perspectives

Renovated Lake Oswego Home Sells for $9.45 Million

9/15/2025

23 5

Summary

Story summary

A Lake Oswego property sold for $9.45 million after extensive renovations improved its condition.
An out-of-state buyer sought a vacation home in Oregon, attracted by the area's appeal.
Initially listed at $11.48 million, the price dropped due to economic uncertainty.
Ralph Martinez bought the home for $3 million in 2021 and completed a three-year renovation in 2024.
The renovation preserved the original midcentury design by architect Wade Hampton Pipes, enhancing its historical significance.

1 of 1

Story summary

A Lake Oswego property sold for $9.45 million after extensive renovations improved its condition.
An out-of-state buyer sought a vacation home in Oregon, attracted by the area's appeal.
Initially listed at $11.48 million, the price dropped due to economic uncertainty.
Ralph Martinez bought the home for $3 million in 2021 and completed a three-year renovation in 2024.
The renovation preserved the original midcentury design by architect Wade Hampton Pipes, enhancing its historical significance.