Recently we posted a blog comparing similarly priced homes in Corona Del Mar, California and Lake Oswego, Oregon to illustrate the value per dollar and quality of life that sets Lake Oswego apart.

This week we’d like to look at two homes in those same two locations that are similar in size but wildly different in price. Again, we think you’ll see an even bigger value gap with Lake Oswego coming out the winner.

A Different Price Tier—But an Even Bigger Value Gap

Let’s compare:

Corona del Mar – 608 Jasmine Ave

• $3,300,000
• 1,296 sq ft
• 3 bed / 2 bath
• Fully renovated, high-end finishes
• Walkable village location

Lake Oswego – 19113 Terry Ave (which we sold after receiving two offers in just two days)

• $711,000
• 1,424 sq ft (+ detached studio not included in sq ft)
• 4 bed / 2 bath
• Updated, flexible floor plan
• Large private yard + detached office

Cost Per Square Foot: Not Even Close

• Corona del Mar: ~$2,546 per sq ft
• Lake Oswego: ~$499 per sq ft

The California home costs over 5X more per square foot

Square Footage: Similar Size—But Still More in Lake Oswego

At first glance, these homes feel comparable in scale:

• 1,296 sq ft (CA) vs 1,424 sq ft (OR)

➡️ Lake Oswego actually offers ~130 MORE square feet
➡️ Plus a detached 15×11 studio/office (real, usable bonus space)

So not only are you paying far less—you’re actually getting more total functional space.

What You’re Getting for the Money

In Corona del Mar:

You’re paying for:

• Prime coastal location (south of PCH)
• Walkability to beaches, restaurants, shops
• High-end interior finishes (Thermador appliances, marble, custom cabinetry)
• Architectural upgrades and design

But:

• Smaller footprint
• Limited outdoor space
• Attached / shared-style living feel (front-unit configuration)

In Lake Oswego:

You’re getting:

• More interior space + bonus detached studio
• Larger, private yard (hard to replicate in CDM at any price)
• Flexible layout (4th bedroom, office, gym options)
• Move-in ready updates
• Proximity to top-rated schools like River Grove Elementary School
• Easement rights to the popular Lake Grove Swim Park

And importantly:

• A true single-family home feel with space to spread out

The Real Comparison: Price vs Lifestyle

This isn’t just a pricing difference—it’s a philosophical one.

• In Corona del Mar, you’re buying into a location-driven premium
• In Lake Oswego, you’re buying livability, flexibility, and space

And the numbers make that crystal clear:

👉Spend $3.3M → 1,296 sq ft near the beach
👉 Spend $711K → 1,424 sq ft + yard + studio + privacy

The Takeaway

When homes are this similar in size, the comparison becomes incredibly tangible.

You’re not just saving money in Lake Oswego—
you’re getting:

• More space
• More functionality
• More privacy
• And paying a fraction of the cost per square foot

For buyers open to looking beyond coastal California, this is where Lake Oswego really stands out—not just as an alternative, but as a smarter value proposition in today’s market.

Kevin Costello kevin.costello@cascadehasson.com 503.939.9801

Riley Costello riley.costello@cascadehasson.com 971.322.6205