696 SW 25th Ln, Lincoln City, OR 97367 (MLS:20-1206)

Residential Site Blt

Updated by Martek Real Estate,

Property Description 

Located in the sought after planned subdivision of Olivia Beach the Original owners had this adorable Oceanview cabin built for them in 2012. This 1 bedroom Plus Loft features upgraded granite counter tops, gas fireplace, covered porch, ramp for entry access. Amenities of HOA include Pool, fitness room, park, trails, and private beach access. Currently a successful vacation rental grossed over $16K in 2019 located in the VR Zone of Lincoln City zoning that allows outright vacation rentals with approved permit. Buyer to honor future bookings. .

696 SW 25th Ln, Lincoln City, OR 97367 - Exterior of house696 SW 25th Ln, Lincoln City, OR 97367 - Exterior of house
  • Status Pending - Contingencies 
  • City Lincoln City 
  • County Lincoln 
  • State Oregon 
  • Major Area Lincoln City 
  • Subdivision Olivia Beach 
  • Parcel Number 071122CA-13800-00 
  • U.S. Highway 101 West Side 
  • Property Type Residential Site Blt 
  • Property Sub-Type Single Family Residence 
  • Style Cabin 
  • Primary View Ocean 
  • Secondary View Park 
  • Bedrooms
  • Bathrooms
  • Basement No 
  • Ceiling Vaulted 
  • Flooring Other 
  • Furnished Negotiable 
  • Heating/Cooling Electric Wall/Zone 
  • Alternate Heat Gas Fireplace 
  • Water Heater Tankless 
  • Handicap Features Bath Modifications, Level Entry, Ramped Main Level 
  • Garage Type None 
  • Street Surface Paved 
  • Roof Composition 
  • Siding Concrete Composite, Shake 
  • Foundation Slab 
  • Outbuildings Shed 
  • Total Square Feet 546 
  • Year Built 2012 
  • Lot Acres 0.1 
  • Lot Type Dimensions Above 
  • Frontage None 
  • Zoning VR Vacation Rental 
  • Water City Property 
  • Sewer City Property 
  • Electric On Property 
  • Gas On Property 
  • Bank/Lender Owned No 
  • Seller's Terms 1031, Cash, Conventional Financing 
  • Price $275,000 
  • Taxes $2,671 
  • Tax Year 2020 
  • HOA Fee $450  
  • HOA Fee Inclusions Insurance - General, Maintenance - Common Area, Operating Expenses, Property Tax - Common Area, Reserves, Utilities - Common Area, Pool, Park, Clubhouse, beach access 
  • MLS Number 20-1206 
  • Phone Number (541) 265-8785 
  • Directions Highway 101 to SW 29th St. 29th st W to SW coast. Turn right. SW Coast to property on left hand side of street. 
  • Cross Street SW Coast 

Taylor & Taylor Realty Company is the listing office. Call Martek Real Estate at (541) 265-8785 to see this property or obtain more information.