1948 SW Terrace Dr Portland, OR 97201
Southwest Hills NeighborhoodEstimated payment $27,496/month
Highlights
- Custom Home
- Built-In Refrigerator
- Outdoor Fireplace
- Ainsworth Elementary School Rated A-
- Marble Flooring
- Marble Countertops
About This Home
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
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $51,830
Year Built
- Built in 2004
Lot Details
- 0.44 Acre Lot
- Gated Home
- Level Lot
- Sprinkler System
- Private Yard
- Garden
- Property is zoned R5
Parking
- 3 Car Detached Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Custom Home
- Shake Roof
- Stucco Exterior
- Cedar
Interior Spaces
- 6,858 Sq Ft Home
- 3-Story Property
- Elevator
- Central Vacuum
- Sound System
- Wainscoting
- High Ceiling
- 3 Fireplaces
- Wood Burning Fireplace
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Bonus Room
- Laundry Room
- Finished Basement
Kitchen
- Butlers Pantry
- Built-In Range
- Range Hood
- Microwave
- Built-In Refrigerator
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
- Kitchen Island
- Marble Countertops
- Disposal
- Pot Filler
Flooring
- Wood
- Wall to Wall Carpet
- Marble
Bedrooms and Bathrooms
- 6 Bedrooms
- In-Law or Guest Suite
- Soaking Tub
Home Security
- Security Gate
- Intercom
Eco-Friendly Details
- Green Certified Home
Outdoor Features
- Balcony
- Patio
- Outdoor Fireplace
- Porch
Schools
- Ainsworth Elementary School
- West Sylvan Middle School
- Lincoln High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- No Home Owners Association
- Portland Heights, West Hills Subdivision
Listing and Financial Details
- Assessor Parcel Number R174574
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $51,830 | $2,120,350 | -- | -- |
2023 | $53,188 | $2,058,590 | $0 | $0 |
2022 | $46,838 | $1,848,270 | $0 | $0 |
2021 | $47,168 | $1,794,440 | $0 | $0 |
2020 | $39,244 | $1,742,180 | $0 | $0 |
2019 | $38,116 | $1,691,440 | $0 | $0 |
2018 | $40,140 | $1,642,180 | $0 | $0 |
2017 | $39,470 | $1,594,350 | $0 | $0 |
2016 | $33,950 | $1,547,920 | $0 | $0 |
2015 | $32,293 | $1,502,840 | $0 | $0 |
2014 | $32,668 | $1,459,070 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/11/2025 09/11/25 | For Sale | $4,350,000 | +10.8% | $634 / Sq Ft |
05/12/2022 05/12/22 | Sold | $3,925,000 | -1.8% | $577 / Sq Ft |
04/18/2022 04/18/22 | Pending | -- | -- | -- |
04/18/2022 04/18/22 | For Sale | $3,995,000 | -- | $587 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $3,000,000 | Chicago Title | |
Bargain Sale Deed | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $2,000,000 | New Conventional | |
Previous Owner | $500,000 | Credit Line Revolving | |
Previous Owner | $100,000 | Credit Line Revolving | |
Previous Owner | $564,000 | Fannie Mae Freddie Mac | |
Previous Owner | $100,000 | Credit Line Revolving | |
Previous Owner | $460,000 | Unknown |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 517376493

APN: R174574
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