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Off market
  • $3,654,700

    1948 SW Terrace Dr, Portland, OR 97201

    6beds
    6,806sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $3,654,700 Zestimate®
    $537/sqft
    $7,119 Estimated rent

    Home value

    $3,654,700

    $3.47M - $3.84M

    $7,119/mo

    Zestimate® history
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    $22,503/mo

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    What's special

    Discover Timeless Elegance and Modern Luxury Nestled in the serene hills of Portland Heights, this exquisite European-inspired villa offers unparalleled privacy and sophistication. Spanning 6,806 square feet, the residence features six bedrooms and six bathrooms, seamlessly blending classic charm with contemporary amenities. Key Features: Architectural Grandeur: European villa-style design complemented by meticulously landscaped gardens and a stately porte-cochere. Gourmet Chef's Kitchen: Equipped with state-of-the-art appliances, including a Sub-Zero refrigerator, dual wine coolers, two dishwashers, two microwaves, a built-in Miele coffee maker, and a spacious butler's pantry. Luxurious Comfort: Heated tile floors in the kitchen and primary suite, gleaming hardwoods, and plush carpets in bedrooms ensure year-round comfort. Entertainment Excellence: A fully furnished theater room with Sonos surround sound awaits your movie nightsjust bring the popcorn! Modern Conveniences: Electric vehicle charging station, a three-car garage with additional courtyard parking, and an in-home gym ready for your equipment. Prime Location: Situated just a mile from top-rated schools and minutes from downtown Portland's shopping, dining, and sports venues. Additional Highlights: Landscaping Included: Enjoy beautifully maintained gardens without the upkeep. Spacious Living: Open floor plan designed for both intimate gatherings and grand entertaining. Experience the perfect harmony of classic European elegance and modern luxury in this Portland Heights masterpiece. Contact us today to schedule a private tour and make this dream home yours. **Open Application Period (May 16, 2025)** Visit our website to apply and view other homes we have available! Do you need property management services? Maximize your income and cut your costs!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 6
    Interior area
    • Total interior livable area: 6,806 sqft

    Property

    Parking
    • Details: Contact manager
    Features
    • Exterior features: Electric Vehicle Charging Station, Landscaping included in rent
    Details
    • Parcel number: R174574

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence

    Community & HOA

    Community
    • Deposit fee: $11,980
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $537/sqft
    • Tax assessed value: $2,986,180
    • Annual tax amount: $53,786
    • Date on market: 5/17/2025
    • Date available: 07/01/2025
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    5/23/2025Listing removed$11,980$2/sqft
    Source: Zillow Rentals Report a problem
    5/17/2025Listed for rent$11,980$2/sqft
    Source: Zillow Rentals Report a problem
    5/12/2022Sold$3,925,000$577/sqft
    Source: RMLS (OR) #22289293 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$53,786 +3.8%$2,183,960 +3%
    2024$51,830 -2.6%$2,120,350 +3%
    2023$53,188 +13.6%$2,058,590 +11.4%
    2022$46,838 -0.7%$1,848,270 +3%
    2021$47,168 +20.2%$1,794,440 +3%
    2020$39,244 +3%$1,742,180 +3%
    2019$38,116 $1,691,440 +3%
    2018$38,116 -5%$1,642,180 +3%
    2017$40,140 +18.2%$1,594,350 +3%
    2016$33,950 $1,547,920 +3%
    2015$33,950 +5.1%$1,502,840 +3%
    2014$32,293 +0.7%$1,459,070 +3%
    2013$32,071 +27.5%$1,416,580 +3%
    2012$25,161 -5.8%$1,375,330 +3%
    2011$26,696 -4.4%$1,335,280 +3%
    2010$27,910 +1.8%$1,296,390 +3%
    2009$27,422 +5.9%$1,258,640 +3%
    2008$25,887 +0.2%$1,221,990 +3%
    2007$25,831 +11.4%$1,186,400 +3%
    2006$23,195 +4.7%$1,151,850 +3%
    2005$22,143 -8.4%$1,118,310 +3%
    2004$24,167 +785.8%$1,085,740 +636%
    2003$2,728 -8.2%$147,520 +3%
    2002$2,971 +8%$143,230 +6.1%
    2000$2,752 $135,010
    Find assessor info on the county website

    Neighborhood: Southwest Hills

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,654,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,654,700