3445 Ne 40th Ct, Lincoln City, OR 97364

Listing Courtesy of Kiwanda Coastal Properties.

$1,435,000
5
BD
4
BA
4,303
SqFt

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List Price
$1,435,000
Status
ACTIVE
Days on Market
110
Price Change
▼ $15,000 1788495021
MLS#
26-1428
Subtype
Residential
Style
Chalet
Year Built
2004
Bedrooms
5
Bathrooms
4
Full Baths
4
Living Area
4,303
Lot Size
13,939
Acres
0.32
Subdivision
Lakeside Heights

Property Description

Lakefront, 5 bedroom, universally designed, income property embracing the timeless beauty of the Oregon Coast. B&B potential where you live there and have 3 rental units all with lakefront decks. Seller financing negotiable. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking.

Additional Information

Interior Features
Breakfast Area, Bidet, Built In Shower Chair, Central Vacuum, Entrance Foyer, Elevator, In-Law Arrangement, Kitchen Island, No Interior Steps, Open Floor Plan, Pantry, Walk-In Closet(s), Jack and Jill Bath, Hand-held Shower Head, Hot Tub
Exterior Features
Hot Tub
Taxes
$13,855
Property Description
Chalet
Zoning
R-M Residential, Multifamily
Flooring
Carpet, Laminate, Vinyl
Appliances
Dryer, Downdraft, Disposal, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Gas Cooktop, Microwave, Refrigerator, Washer, Washer/Dryer, Water Heater
Heating
Electric, Natural Gas, Other, Wall Furnace
Air Conditioning
None
Levels
Two
Roof
Composition
Foundation
Concrete Perimeter
Pool
Yes
Parking Features
Additional Parking, Driveway, On Street
Garage Spaces
3
School District
Lincoln County School District
View
Lake

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