1340 Nw 15TH St, Lincoln City, OR 97367

$767,000 Asking Price

5 beds
4 baths
1,918  sqft
Built in 1926

3 Dwellings! Home is currently a profitable Airbnb. Coastal paradise vacation home comes with two additional cottage ADU's with kitchens and bathrooms, great for multi generational or multiple airbnb potential/ short term rentals on one property. Home is a few blocks/ walking distance to the beach, which you can also drive onto. Crafted to perfection, this home is situated within the esteemed "OceanLake Plan District/Interior Mixed Use" zoning, strategically designed to seamlessly blend residential, commercial, and recreational elements into a vibrant, pedestrian-friendly environment. Here, the possibilities are truly endless, inviting you to explore the myriad opportunities this versatile property presents. Step inside to discover a meticulously maintained interior adorned with modern updates, ensuring both style and functionality throughout. The main home offers spacious bedrooms and luxurious bathrooms, which is also an inviting retreat for both relaxation and entertainment. Whether you envision it as a serene coastal getaway, a lucrative investment opportunity, a place for the family retreat, or a combination of all, this property awaits your vision and creativity. The time is ripe to seize this rare chance to own a piece of coastal tranquility in the coveted Ocean Lake District.


Features & Amenities

Interior

General:
Accessory dwelling unit, Granite, Tile floor, Washer dryer, Wood floors
Appliances:
Disposal, Free standing range, Free standing refrigerator, Granite, Stainless steel appliance
Basement:
Crawl space
A/C:
None
Heating:
Wood stove, Zoned
Fireplace:
Wood burning, Fireplace, Fireplaces: 1
Disability Feature:
Walkin shower

Exterior

General:
Cedar, Shake siding, Covered deck, Covered patio, Greenhouse, Guest quarters, Outbuilding, Rv parking, Tool shed, Yard
Style:
Stories 2
Parking:
Driveway, Off street, Parking spaces: 0

Construction

Roofing:
Composition
Windows:
DoublePaneWindows
General:
Concrete perimeter

Location

Road/Access:
Paved
Originating MLS:
Regional Multiple Listing Service, Inc.
County:
Lincoln

Lot

Zoning:
PROPERTY ID R360703 RAYMOND TOWNSITE, BLOCK 18, LOT 4, DOC2023024, R360703
View:
View

Utilities

Water:
Public Water
Sewer:
Public Sewer

Financial

Source:
Regional Multiple Listing Service, Inc.

This listing courtesy of:
Cascade Heritage Real Estate Group, Freddie Figueroa

About Lincoln City, OR

Housing

Number of Units
5,960
Median Home Value
$265,699
Median Rent
$882

37.24% of housing units are renter occupied.

32.54% are vacant.

Commute

Car
80.09%
Public Transportation
0.01%
Walk to Work
7.26%
Work from Home
11.21%
Other
1.36%

The median travel time to work is 16 minutes.

People

Population
8,379
Median Age
53.40
Median Household Size
2.32

Education

High School
27.47%
Associate’s Degree
10.34%
Bachelor’s Degree
15.89%
Graduate Degree
9.68%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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