2′‐Alkoxytricyclo[3.2.1.02,7]octanes 4‐R are obtained in good to excellent yields from methyl 2‐chloro‐2‐cyclopropylideneacetate (3) and the dienolates derived from the 3‐alkoxycyclohex‐2‐enones 1‐R and 2‐R, by a cascade of two consecutive Michael additions and a γ‐elimination. Compounds 4‐R are transformed to the correspondingly substituted bicyclo[3.2.1]octanecarboxylates 5 by treatment with acid. 2′‐Methoxytricyclooctanes 4a−d‐Me are readily deprotonated to give chelation‐stabilized cyclopropyllithium derivatives 6‐Me, which react with electrophiles to yield the 7′‐substituted tricyclo[3.2.1.02,7]octanes 4f−i‐Me (61−66%). By acidic workup of such reaction mixtures, or subsequent treatment of the isolated products 4f−i‐Me with acid, efficient transformation to the correspondingly substituted bicyclo[3.2.1]octanecarboxylates 5 is observed.