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$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

PortlandOR #24537703

Price change
$1,450,000
-3.33%
07/18/2024
PortlandOR

PortlandOR #24537703

Listed
$1,500,000

Schools & Community

Elementary school: 

Taft

Middle school: 

Taft

High school: 

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 #: (503) 652-1235

MLS: PortlandOR #24537703

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