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$4,350,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 6,858 Sq. Ft.
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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]

Full Property Details for 1948 SW Terrace Dr

General

  • Price: $4,350,000
  • Taxes: $51,829 (2024)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 517376493
  • Updated: 9/11/2025
  • Added to Site: 129 day(s) ago

Interior

  • Interior Features: Central Vacuum, Elevator, Garage Door Opener, Hardwood Floors, High Ceilings, Intercom, Laundry, Marble, Soaking Tub, Sound System, Wainscoting, Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Gas, Wood Burning
  • 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

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 1
  • Upper - Full Baths: 3
  • Main - Full Baths: 1
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 6
  • Primary Bedroom: 17 x 16, Upper, 272 Sq. Ft.
  • Bedroom 2: 12 x 14, Upper, 168 Sq. Ft.
  • Bedroom 3: 12 x 14, Upper, 168 Sq. Ft.
  • Bedroom 4: 12 x 13, Upper, 156 Sq. Ft.
  • Bedroom 5: 12 x 13, Main, 156 Sq. Ft.

Other Rooms

  • Living Room: 19 x 15, Main, 285 Sq. Ft.
  • Family Room: 13 x 19, Main, 247 Sq. Ft.
  • Kitchen: 14 x 17, Main, 238 Sq. Ft.
  • Dining Room: 12 x 16, Main, 192 Sq. Ft.

Additional Information

  • Security/Safety: Security Gate

Exterior

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

Parking

  • Garage: Yes
  • Total Spaces: 3
  • Parking Features: Off Street

Location

  • County: Multnomah
  • Subdivision: Portland Heights, West Hills
  • Driving Directions: SW Ravensview Dr to SW Terrace Dr

School Information

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

Community

  • Community Name: 148 - Portland NW/ SW/ S, Raleigh Hills

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Custom Style
  • Basement Desc.: Finished
  • Roof: Shake
  • Stories/Levels: 3
  • Square Feet: 6,858
  • Year Built: 2004
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.44
  • Lot Size (Sq. Ft.): 19,166
  • Lot Size: 15, 000 to 19, 999 SqFt
  • Lot Dimensions: 19, 359 SF
  • Frontage: Paved
  • Lot Features: Gated, Level, Private

Green Features

  • Green Certified: Yes

Financial Considerations

  • Tax Amount: $51,829.5
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: GROVERS ADD, BLOCK 117 TL 1700
  • Disclosures/Reports: Disclosure
  • Property ID: R174574

Listed by Where, Inc. (503) 222-4373, Suzann Baricevic Murphy (503) 789-1033

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Listing agent

— 1948 SW Terrace Dr —

  • Suzann Baricevic Murphy

    Where, Inc.

    503-222-4373

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NMLS#: 1598647

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Schools serving 1948 SW Terrace Dr

School District:Portland School District 1j
NameGradesDistance
Ainsworth Elementary School
2425 Southwest Vista Avenue, Portland, OR 97201
K-50.1 mi
West Sylvan Middle School
8111 Southwest West Slope Drive, Portland, OR 97225
6-82.9 mi
Lincoln High School, Portland, OR
1750 Southwest Salmon Street, Portland, OR 97205
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1948 SW Terrace Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/11/2025
Listed
$4,350,000
10.83%
MLS
5/10/2022
Sold
$3,925,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1948 SW Terrace Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$53,786
4%
$2,183,960
3%
2024
$51,830
-3%
$2,120,350
3%
2023
$53,188
13%
$2,058,599
15%
2021
$47,168
1%
$1,794,440
-3%
2022
$46,838
-1%
$1,848,270
6%
2021
$47,168
24%
$1,742,180
3%
2019
$38,116
-5%
$1,691,440
3%
2018
$40,140
2%
$1,642,180
3%
2017
$39,470
16%
$1,594,350
3%
2016
$33,950
5%
$1,547,920
3%
2015
$32,293
-1%
$1,502,840
3%
2014
$32,668
2%
$1,459,070
3%
2013
$32,071
—
$1,416,580
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Where, Inc. (503) 222-4373, Suzann Baricevic Murphy (503) 789-1033

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1948 SW Terrace Dr, Portland, OR 97201 (MLS# 517376493) is a Single Family property with 6 bedrooms, 5 full bathrooms and 1 partial bathroom. 1948 SW Terrace Dr is currently listed for $4,350,000 and was received on September 11, 2025. Want to learn more about 1948 SW Terrace Dr? Do you have questions about finding other Single Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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