7123 NW Logan Road, Lincoln City, OR 97367 (MLS # 24-1646)
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RARE INVESTMENT OPPORTUNITY! Ocean front property with private stairs to the sand! Located in the highly sought-after Roads End area of Lincoln City. Entering the home all you see is a 270-degree view of the beautiful Pacific Ocean, sand and surf. Ocean views from 4 of the bedrooms as well. Outdoor enclosed area, deck overlooking the ocean and double carport. Original cedar, Doug fir and Pine throughout. Gas fireplace in the living room and in the master bedroom. This is a well-established and successful vacation rental, gross rent in 2022 was $107,733.50, 2023 was $136,138.50. UNTIL NOVEMBER 22ND VACATION RENTAL PERMIT TRANSFERS WITH SALE OF HOME. NO NEED TO REAPPLY AND WAIT IN LINE FOR NEW VRD PERMIT WITH CITY. Property managers happy to continue managing. Broker related to sellers
| DAYS ON MARKET | 131 | LAST UPDATED | 9/12/2024 |
|---|---|---|---|
| TRACT | Road's End | YEAR BUILT | 1952 |
| COMMUNITY | Lincoln City | COUNTY | Lincoln |
| STATUS | Pending | PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Sep 3, '24 | $1,500,000 |
|---|---|
| Sep 3, '24 - Today | $1,450,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Water Heater |
|---|---|
| AREA | Lincoln City |
| LOT | 0.29 acre(s) |
| LOT DESCRIPTION | Irregular Lot |
| STYLE | Traditional |
| SUBDIVISION | Road's End |
| TAXES | 10727.56 |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Front |
| ZONING | R-1 Residential, Single |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Berkshire Hathaway HomeServices NW - McMinnville
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Data Last Updated: 11/23/24 3:30 AM PST
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