“The Carousel House” was commissioned by the Wyse family in 1969 and has remained in their care ever since. Designed by architect Marjorie Wintermute, one of Portland’s pioneering female architects and an alumna of Pietro Belluschi’s office, together with landscape architect Barbara Fealy, one of the Pacific Northwest’s most celebrated landscape designers, the home captures a moment when modern architecture and landscape design were rooted in both innovation and sensitivity to place. The earliest plans came to life around the Wyse table, sketches spread out, martinis in hand, conversation carrying on late into the evening. Wintermute drew inspiration from Frank Lloyd Wright, shaping a roofline both bold and considerate. Its low planes echo Wright’s Prairie ideals, while clerestory towers draw light deep inside. Designed to preserve neighbors’ views, the three octagonal clerestory ceilings radiate outward like a carousel, giving the house its enduring name. Inside, wood paneling, built-ins, and three fireplaces bring warmth, while the original kitchen remains efficient, playful, and a joy to cook in. The great room gathers light by day and glows by night, opening to two decks with valley views from both levels. Fealy’s terraced plantings and layered greenery frame the house with harmony and quiet drama. With three bedrooms across more than 4,400 square feet, the plan offers flexibility for family, guests, or creative pursuits. First time on the market, held by one family with pride for over five decades. Sale also includes the adjoining .19 acre separate tax lot, with valley views and property access from SW Altadena. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242025]
Sold
$1,495,000
3332 SW Fairmount Ln, Portland, OR 97239
3beds
4,436sqft
Residential, Single Family Residence
Built in 1969
0.64 Acres Lot
$1,499,800 Zestimate®
$337/sqft
$6,799 Estimated rent
Home value
$1,499,800
$1.39M - $1.60M
$6,799/mo
Zestimate® history
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Three fireplacesValley viewsWood paneling
Zillow last checked:
Listing updated:
Listed by:
Craig Weintz studio@vetiverstreet.com,
Vetiver Street Real Estate
Bought with:
Rachel Smith, 201234403
Modern Homes Collective
Source: RMLS (OR),MLS#: 126500214
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Den, Laundry, Storage, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Bathroom, Bookcases, Builtin Features, Deck, Bathtub, Double Closet, Walkin Shower, Wallto Wall Carpet
- Level: Main
- Area: 540
- Dimensions: 27 x 20
Bedroom 2
- Features: Closet, Wallto Wall Carpet
- Level: Lower
- Area: 210
- Dimensions: 15 x 14
Bedroom 3
- Features: Closet, Wallto Wall Carpet
- Level: Lower
- Area: 165
- Dimensions: 15 x 11
Dining room
- Features: Builtin Features, Wood Floors
- Level: Main
- Area: 198
- Dimensions: 18 x 11
Family room
- Features: Bookcases, Deck, Fireplace, Double Closet, Wallto Wall Carpet
- Level: Lower
- Area: 391
- Dimensions: 23 x 17
Kitchen
- Features: Deck, Disposal, Eat Bar, Eating Area, Pantry, Double Sinks, Free Standing Range
- Level: Main
- Area: 378
- Width: 18
Living room
- Features: Bookcases, Builtin Features, Deck, Fireplace, High Ceilings, Wood Floors
- Level: Main
- Area: 594
- Dimensions: 27 x 22
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Gas Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, Soaking Tub, Vaulted Ceiling(s), Built-in Features, Sink, Closet, Bookcases, Double Closet, Eat Bar, Eat-in Kitchen, Pantry, Double Vanity, Bathroom, Bathtub, Walkin Shower
- Flooring: Concrete, Tile, Wall to Wall Carpet, Wood
- Basement: Full,Partially Finished
- Number of fireplaces: 3
- Fireplace features: Wood Burning
Interior area
- Total structure area: 4,436
- Total interior livable area: 4,436 sqft
Property
Parking
- Parking features: Carport, Driveway, Detached, Oversized
- Has carport: Yes
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Doors, Accessible Hallway, Garage On Main, Ground Level, Main Floor Bedroom Bath, Natural Lighting, Parking, Pathway, Utility Room On Main, Walkin Shower, Accessibility
Features
- Stories: 2
- Patio & porch: Covered Deck, Deck, Patio
- Exterior features: Garden, Yard, Exterior Entry
- Has view: Yes
- View description: City, Trees/Woods, Valley
Lot
- Size: 0.64 Acres
- Dimensions: 27,800 SF
- Features: Cul-De-Sac, Sloped, SqFt 20000 to Acres1
Details
- Additional structures: Gazebo
- Additional parcels included: R159662
- Parcel number: R327650
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Daylight Ranch,Mid Century Modern
- Property subtype: Residential, Single Family Residence
Materials
- Cedar
- Foundation: Concrete Perimeter
- Roof: Built-Up
Condition
- Resale
- New construction: No
- Year built: 1969
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Council Crest/Hillsdale
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $337/sqft
- Tax assessed value: $1,306,880
- Annual tax amount: $22,316
- Date on market: 9/26/2025
- Cumulative days on market: 45 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $1,495,000-6.3%$337/sqft |
Source:  RMLS (OR) #126500214 Report a problem | ||
| 11/11/2025 | Pending sale | $1,595,000$360/sqft |
Source: RMLS (OR) #126500214 Report a problem | ||
| 11/7/2025 | Price change | $1,595,000-5.9%$360/sqft |
Source: RMLS (OR) #126500214 Report a problem | ||
| 9/26/2025 | Listed for sale | $1,695,000$382/sqft |
Source: RMLS (OR) #126500214 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,641 +3.7% | $692,470 +3% |
| 2024 | $17,971 +4% | $672,310 +3% |
| 2023 | $17,280 +2.2% | $652,730 +3% |
| 2022 | $16,906 +1.7% | $633,720 +3% |
| 2021 | $16,620 +9% | $615,270 +3% |
| 2020 | $15,246 +3.8% | $597,350 +3% |
| 2019 | $14,685 | $579,960 +3% |
| 2018 | $14,685 +3% | $563,070 +3% |
| 2017 | $14,253 +14% | $546,670 +3% |
| 2016 | $12,501 | $530,750 +3% |
| 2015 | $12,501 +2.7% | $515,300 +3% |
| 2014 | $12,173 +10.2% | $500,300 +3% |
| 2013 | $11,042 +16.9% | $485,730 +3% |
| 2012 | $9,448 -3% | $471,590 +3% |
| 2011 | $9,741 +0.8% | $457,860 +3% |
| 2010 | $9,659 +2.7% | $444,530 +3% |
| 2009 | $9,403 +5.9% | $431,590 +3% |
| 2008 | $8,876 +0.2% | $419,020 +3% |
| 2007 | $8,857 +11.4% | $406,820 +3% |
| 2006 | $7,954 +4.7% | $394,980 +3% |
| 2005 | $7,593 -8.4% | $383,480 +3% |
| 2004 | $8,287 +2.3% | $372,320 +3% |
| 2003 | $8,104 +11.1% | $361,480 +3% |
| 2002 | $7,293 +8.5% | $350,960 +6.1% |
| 2000 | $6,722 | $330,820 |
Find assessor info on the county website
Neighborhood: Southwest Hills
Nearby homes
- $1,125,0004 bd4 ba3.7k sqft3330 SW Fairmount Blvd, Portland, OR 97239Sold
- $331,250-- bd-- ba-- sqft3332 SW Fairmount Ln, Portland, OR 97239Off Market
- $1,394,6004 bd3 ba4k sqft3810 SW Martins Ln, Portland, OR 97239Off Market
- $811,9003 bd3 ba1.8k sqft3334 SW Fairmount Ln, Portland, OR 97239Off Market
- $1,213,6005 bd3 ba3.8k sqft3820 SW Martins Ln, Portland, OR 97239Off Market
- $1,421,600-- bd2 ba3.7k sqft3802 SW Martins Ln, Portland, OR 97239Off Market
- $927,7003 bd3 ba2.2k sqft3921 SW Altadena Ave, Portland, OR 97239Off Market
- $1,029,7007 bd3 ba5.3k sqft3326 SW Fairmount Blvd, Portland, OR 97239Off Market
Nearby schools
GreatSchools rating
- 10/10Rieke Elementary SchoolGrades: K-5Distance: 1.5 mi
- 8/10Gray Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Ida B. Wells-Barnett High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Rieke
- Middle: Robert Gray
- High: Ida B Wells
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,499,800
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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
$1,499,800
- Oregon
- Multnomah County
- Portland
- 97239
- Southwest Hills
- 3332 SW Fairmount Ln
