1948 SW TERRACE DR
Portland, OR, 97201 $ 4,350,000
Bedrooms6 Baths5.1 Sq 6,858 Monthly Estimate*
$ 27,138
for $4,350,000 with 6 bedrooms and 5 full baths, 1 half bath. This 6,858 square foot home was built in 2004 on a lot size of 0.44.
Built in 2004, this hidden jewel crowns Portland Heights at the top of the West Hills-rarely visible from the street yet unforgettable once discovered. Originally conceived as a NW estate with modern American ease, the home was thoughtfully redesigned with sleek, South American inspired interiors. Today, it presents as even more remarkable thanks to extensive updates by the current owners, who enhanced nearly every corner before being transferred away from our beautiful city.The 6-bedroom, 5.1-bath layout spans nearly 7,000 square feet of elevated living. Multiple verandas, secret gardens, and outdoor fireplaces blur the line between indoor and outdoor life. Interiors are alive with texture-lime-washed walls, custom closets by California Closets, curated lighting, leathered wall finishes, and rich wood ceilings. Expansive entertaining spaces flow to a gourmet kitchen, while highlights include a custom wine cellar, soundproof theater with glitter carpet and projector, and a dedicated gym.Every detail has been addressed: new balcony doors and windows in the primary suite, new outdoor lighting, irrigation upgrades, fresh paint throughout, remote-control curtains, and a whole-house generator (2024). Three fireplaces-two gas and one wood-burning-anchor the gathering spaces, while Sonos sound enriches daily life. The 3-car garage, new security system, and a gated entry reinforce ease and privacy.Minutes from downtown yet worlds away, this home offers serenity, scale, and sophistication. For the next owner, the true luxury is inheriting a home that’s been elevated inside and out. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10192482]
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FeaturesInteriorInterior Amenities CentralVacuum Elevator GarageDoorOpener HardwoodFloors HighCeilings Intercom Laundry Marble SoakingTub SoundSystem Wainscoting WalltoWallCarpet
Basement Finished
Total Fireplaces 3
Fireplace Features Gas WoodBurning
Total Bathrooms 5.1
Total Bedrooms 6
Total Baths 6
1/2 Baths 1
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Shake
Appliances BuiltinRange BuiltinRefrigerator ButlersPantry Dishwasher Disposal Island Marble Microwave PotFiller RangeHood StainlessSteelAppliance WineCooler
Zoning R5
Garage Spaces 3.0
Architectural Style CustomStyle
Security Features SecurityGate
Year Built 2004
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2024
Parcel Number R174574
County Multnomah
Property Type Residential
HOA N
Subdivision Name Portland Heights West Hills
Full Baths 5
Status Active
Directions SW Ravensview Dr to SW Terrace Dr
High School Lincoln
City Portland
Disclosures Disclosure
MLS Area _148
Lot Size Square Feet 19166.0
Listing Terms Cash Conventional
Elementary School Ainsworth
Tax Annual Amount 51829.5
Middle/Junior High School West Sylvan
Property Condition Resale
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description GROVERS ADD BLOCK 117 TL 1700
ADU False
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ExteriorExterior Amenities Garden GuestQuarters OutdoorFireplace Patio Porch Sprinkler Yard
Parking Features OffStreet
Lot Features Gated Level Private
Water Source PublicWater
Total Parking 3.0
Garage Type Detached
Exterior Description Cedar Stucco
Building Area Total 6858.0
Lot Dimensions 19 359 SF
Lot Size Acres 0.44
Road Surface Type Paved
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* Excluded FeaturesList Bysuzann.murphy@where-inc.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $27,138
- Monthly Property Taxes
- $4,319
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Portland, OR
Average List Price $738,422
Percent of Sale Price 83%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949242 Elementary School
1948992 Middle School
Lincoln High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/11/2025 | $4,350,000 | | Listed Price |