617 SW 27TH WAY, Lincoln City, OR 97367

$720,000
3
BD
2
BA
1,376
SqFt

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List Price
$720,000
Price Change
▼ $29,000 1784360416
Days on Market
146
Status
ACTIVE
MLS#
141249700
Bedrooms
3
Bathrooms
2
Bathrooms Partial
1
Living Area
1,376
Lot Size
3, 000 to 4, 999 SqFt
Region
Lincoln County

Property Description

Experience the quintessential Oregon Coast lifestyle at this stunning Nantucket-style cottage located in the premier community of Olivia Beach. This home is perfectly positioned to offer both a private sanctuary and a high-performing investment opportunity, boasting a rare and transferable Short-Term Rental (STR) outright use. In a market where such permits are a "Golden Ticket," this property allows you to generate significant income that can pay for the home while providing you the flexibility to use it whenever you wish. The home's layout is expertly designed for the modern traveler, featuring two spacious en-suite bedrooms upstairs for maximum privacy and a bright, open-concept living space on the main level. Outdoor living is a highlight, with a charming covered front porch that overlooks the vibrant community park—complete with sand volleyball, a playground, and fire pits—and a secluded rear courtyard perfect for BBQs and a hot tub after a day at the beach. Beyond the main house and above the detached garage includes a versatile flex space or 3rd bedroom with it's own bathroom greatly increasing rental income or to be used as an owner's lockout, home office, or guest overflow. Unlike many other homes here, this garage is not shared and this unit has 3 dedicated parking spaces, creating a private feel for the entire property that you'll appreciate when you see in person. Bordering the park and situated just steps from a community trail, you have direct access to one of the prime surf beaches in Lincoln City, making this the ultimate coastal retreat for owners and renters alike.

Additional Information

Tax Amount
$6,142
Year Built
2007
High School
Taft
Elementary School
Oceanlake
Middle School
Taft
Fireplaces Total
1
Garage Spaces
1
Garage Type
Detached
Hoa Fee
$520
Hoa Payment Freq
Quarterly
Acres
0.09
Living Area
1,376
Stories
2
Property Type
Single Family Residence
Terms
Cash, Conventional
Master Bedroom Level
Upper
Cooling Description
None
Fireplace Description
Gas
Fuel Description
Electricity, Gas
Heating Description
Zoned
Hot Water Description
Electricity
Exterior Description
Cedar, Lap Siding, Shingle Siding
Roof Type
Composition
Sewer Description
Public Sewer
Style
Cottage, Craftsman
View
Park/Greenbelt, Trees/Woods
Parking
Driveway
Parking Description
Driveway
Covenants/Restrictions
Yes
Road Surface
Concrete
Exterior Features
Fire Pit, Porch
Interior Features
Furnished, Washer/Dryer, Wood Floors
Kitchen Appliances
Dishwasher, Gas Appliances, Granite

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Cascade Hasson Sotheby's International Realty.

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