Listing provided courtesy of Where, Inc.- MLS# 517376493MLS Provider

1948 SW TERRACE DRPortland, OR 97201

Single Family · 6 Beds · 5 Full Baths · 1 Partial Bath · 6,858 Sq. ft. | 0.44 Acres
$3,915,000 Active

1948 SW TERRACE DR Overview

Time on Site:
291 days
Visits:
22

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. 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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1948 SW TERRACE DR Facts & Features

  • Type Single Family
  • Sq. ft. 6,858
  • Price/Sq.ft. $571
  • Lot 0.44 Acres

Details

General

School Information

  • Elementary School: Ainsworth
  • Middle Or Junior School: West Sylvan
  • High School: Lincoln

Building Information

  • Year Built: 2004

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills
  • Subdivision Name: Portland Heights, West Hills

Tax Information

  • Tax Annual Amount: 51829.5
  • Tax Year: 2024

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: R174574
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Zoning: R5

Interior

Parking Information

  • Garage Spaces: 3.0

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Partial: 1
  • Bathrooms Total: 6
  • Bedrooms Total: 6

Building Interior

  • Building Area Total: 6858.0

General Information

  • Appliances: Built-in Range,Built-in Refrigerator,Butler's Pantry,Dishwasher,Disposal,Island,Marble,Microwave,Pot Filler,Range Hood,Stainless Steel Appliance(s),Wine Cooler
  • Basement: Finished
  • Cooling: Central Air
  • Fireplace Features: Gas,Wood Burning
  • Fireplaces Total: 3
  • Heating: Forced Air
  • Interior Features: Central Vacuum,Elevator,Garage Door Opener,Hardwood Floors,High Ceilings,Intercom,Laundry,Marble,Soaking Tub,Sound System,Wainscoting,Wall to Wall Carpet
  • Security Features: Security Gate
  • Stories: 3

Exterior

Parking Information

  • Parking Features: Off Street
  • Parking Total: 3.0

Lot Information

  • Lot Features: Gated,Level,Private
  • Lot Size Acres: 0.44
  • Lot Size Dimensions: 19,359 SF
  • Lot Size Square Feet: 19166.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Architectural Style: Custom Style
  • Roof: Shake

General Information

  • Exterior Features: Garden,Guest Quarters,Outdoor Fireplace,Patio,Porch,Sprinkler,Yard
  • Sewer: Public Sewer

1948 SW TERRACE DR Neighborhood

Community

97201 (Portland) Demographics

32
Median Age
8,080
Population Density (per sq. mile)
74%
College Educated
$58,850
Estimated Median Income
2,589
Estimated Total Home Owners
6,721
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1948 SW TERRACE DR Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1948 SW TERRACE DR Market Data

Based on the last 30 days in this zip code

$821,535
Average List Price
$376
Average Price per Square Foot
18
Properties Sold
149
Average Days on Market
161
Properties for Sale
Calculations provided by Reliance Network

1948 SW TERRACE DR History

Date Event Value Agent
4/15/2026Source: Regional MLS Price Reduction
$3,915,000 -10.0%
9/11/2025Source: Regional MLS Added to Database
September 11, 2025