$1,450,000
- Beds
- 5
- Baths
- 2.0
- sq ft
- 2,424
7123 NW Logan Rd, Lincoln City, OR 97367
7123 NW Logan Rd
Lincoln City, OR 97367
- 52 days on market
- Price drop $50,000↓
- Open house Sep 14
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 clear 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 THE VACATION RENTAL PERMIT TRANSFERS WITH THE SALE OF THE HOME. NO NEED TO REAPPLY AND WAIT IN LINE FOR A NEW VRD PERMIT WITH THE CITY. Property managers are happy to continue renting for new owners for seamless transition and immediate income. Plenty of time for personal use with friends and family while still earning income.
Details
Property type
Single Family Residence
Property condition
Updated/Remodeled
Lot size
0.29 acres
Price per sq ft
$599
Year built
1952
Annual property taxes
$10,727.56
Price History
09/03/2024
![PortlandOR](/_next/static/media/portlandLogo.5dbd92e7.png)
PortlandOR #24537703
Price change
$1,450,000
-3.33%
07/18/2024
![PortlandOR](/_next/static/media/portlandLogo.5dbd92e7.png)
PortlandOR #24537703
Listed
$1,500,000
Schools & Community
Elementary school:Â
Taft
Middle school:Â
Taft
High school:Â
Taft
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Status: Active
Tomo last checked: 09/07/2024 at 6:50 PM
Listing updated: 09/04/2024 at 11:57 AM
Listed by: Rose Knee, Berkshire Hathaway HomeServices NW Real Estate Phone #:Â (503) 652-1235
MLS: PortlandOR #24537703
![PortlandOR logo](/_next/static/media/portlandLogo.5dbd92e7.png)
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