1938 NW 40TH ST, Lincoln City, OR 97367 | MLS #530544564 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Realty One Group At The BeachMLS# 530544564MLS Provider
  • 278 days on site
  • 37 views

New Construction & NO wait list for Nightly Vacation Rentals!! Discover coastal living at its finest in this stunning four-bedroom, five-and-a-half-bathroom home that perfectly balances luxury and comfort. With 2,600 square feet of thoughtfully designed space, this property offers an ideal retreat for both relaxation and entertaining. The heart of the home features a gourmet kitchen equipped with premium Thermador appliances, elegant quartz countertops, and a spacious island perfect for morning coffee or evening gatherings. Custom backsplash tile adds personality, while the open layout flows seamlessly into the living room with a sliding glass door out to the ocean view covered porch. 9' ceilings throughout enhance the sense of space, complemented by durable luxury vinyl plank flooring that combines stylewith practicality. The home maintain comfort year-round with central air conditioning, while the gas fireplace provides a cozy ambiance during cooler evenings. Step outside to covered porches that extend your living space or enjoy the ocean view balcony where you can savor the beautiful Pacific Ocean evening sunsets. The elevated perspective offers breathtaking coastal vistas that never grow old.This property presents an exceptional investment opportunity as a nightly vacation rental with no waiting list, offering immediate income potential. The home's prime location puts you steps from Safeway for convenient shopping, close to Chinook Winds Casino, and easy beach access for miles of sandy walk or exploring in the Tide pools. Whether you're seeking a primary residence, vacation getaway, or investment property, this coastal gem delivers on all fronts with its blend of luxury amenities, practical features, and unbeatable location near Oregon's beautiful coastline.

Source: Regional MLS, MLS#: 530544564

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  • Property Type
    Residential
  • Lot
    0.21 acres

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  • Median Age
    55
  • Population Density
    231
  • College Educated
    35%
  • Estimated Median Income
    $46,563
  • Estimated Total Home Owners
    2,808
  • Estimated Total Renters
    1,706
  • Owner / Renter Divide
    62% / 38%
  • Estimated Average Household Size
    2
  • Total Population
    10,023
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
5/21/2026Source: Regional MLS Price Reduction
$975,000 -7.1%
5/21/2026Source: Tillamook MLS Price Reduction
$975,000 -7.1%
4/25/2026Source: Regional MLS Price Reduction
$1,049,000 -12.2%
4/25/2026Source: Tillamook MLS Price Reduction
$1,049,000 -12.2%
1/5/2026Source: Tillamook MLS Added to Database
August 15, 2025
9/24/2025Source: Regional MLS Added to Database
September 24, 2025