1340 NW 15th St Lincoln City, OR 97367
Estimated payment $3,913/month
Highlights
- Greenhouse
- Vaulted Ceiling
- Cottage
- RV Access or Parking
- No HOA
- 2-minute walk to Lincoln City Beach Access
About This Home
Turnkey short-term rental with coveted outright-use zoning—no licensing waitlist, no red tape, just immediate income potential! Currently operating as a profitable Airbnb, this charming 3-bedroom, 2-bath coastal home is located in the highly desirable OceanLake Plan District/Interior Mixed Use zone, where short-term rentals are fully permitted. Just moments from the beach with convenient drive-on access, this well-maintained property is fully furnished and ready to continue as a successful vacation rental, personal getaway, or full-time residence. The main home features modern updates including a spacious kitchen with wood floors, vaulted ceilings, and generously sized bedrooms and bathrooms that offer both comfort and style. Two detached bonus cabins, each with its own bathroom, provide additional flexibility for creative use, storage, or guest overflow (buyer to verify any potential uses). Buyers are free to self-manage or choose any vacation rental company, offering maximum control and convenience. Situated in a vibrant, walkable coastal district, this is a rare opportunity to own a ready-to-go income property by the beach. (Buyer to verify all permitted uses with the Lincoln City Planning Department.)
Listing Agent
Coldwell Banker Professional Group - Lincoln City License #201231711 Listed on: 02/22/2025
Open House Schedule
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Sunday, September 21, 202512:00 to 2:00 pm9/21/2025 12:00:00 PM +00:009/21/2025 2:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,391
Year Built
- Built in 1926
Lot Details
- 10,019 Sq Ft Lot
- Property is zoned Oceanlake Planned Interior Mixed Use
Parking
- RV Access or Parking
Home Design
- Cottage
- Composition Roof
- Shake Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,818 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Window Treatments
- Living Room
- Dining Room
Kitchen
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Covered Patio or Porch
- Greenhouse
- Shed
Utilities
- Zoned Cooling
- Heating Available
- Electricity To Lot Line
- Gas Available at Street
- Water Heater
Community Details
- No Home Owners Association
- Raymond Townsite Subdivision
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 071110DC-1000-00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,391 | $316,190 | -- | -- |
| 2023 | $5,242 | $306,990 | $0 | $0 |
| 2022 | $5,096 | $298,050 | $0 | $0 |
| 2021 | $4,854 | $289,370 | $0 | $0 |
| 2020 | $4,743 | $280,950 | $0 | $0 |
| 2019 | $4,581 | $272,770 | $0 | $0 |
| 2018 | $4,478 | $264,830 | $0 | $0 |
| 2017 | $4,286 | $257,120 | $0 | $0 |
| 2016 | $4,020 | $249,640 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Price Changed | $650,000 | -2.3% | $358 / Sq Ft |
| 08/05/2025 08/05/25 | Price Changed | $665,000 | -1.9% | $366 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $678,000 | -1.5% | $373 / Sq Ft |
| 05/04/2025 05/04/25 | Price Changed | $688,000 | -1.4% | $378 / Sq Ft |
| 02/22/2025 02/22/25 | For Sale | $698,000 | +2.9% | $384 / Sq Ft |
| 04/19/2023 04/19/23 | Sold | $678,600 | -1.7% | $354 / Sq Ft |
| 12/28/2022 12/28/22 | For Sale | $690,000 | +170.6% | $360 / Sq Ft |
| 07/31/2015 07/31/15 | Sold | $255,000 | -1.9% | $140 / Sq Ft |
| 07/10/2015 07/10/15 | Pending | -- | -- | -- |
| 06/07/2015 06/07/15 | For Sale | $259,900 | -- | $143 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $678,600 | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $255,000 | Ticor Title Company Of Or | |
| Deed In Lieu Of Foreclosure | $342,875 | Wte | |
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | $18,394 | Western Title & Escrow | |
| Interfamily Deed Transfer | -- | Western Title & Escrow | |
| Bargain Sale Deed | $300,000 | Western Title & Escrow | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American | |
| Interfamily Deed Transfer | -- | First American | |
| Interfamily Deed Transfer | -- | First American | |
| Quit Claim Deed | -- | First American | |
| Warranty Deed | -- | -- | |
| Trustee Deed | $227,512 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $508,950 | New Conventional | |
| Previous Owner | $342,875 | New Conventional | |
| Previous Owner | $345,000 | Purchase Money Mortgage | |
| Previous Owner | $345,000 | Purchase Money Mortgage |
Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 25-302
APN: R360703