1938 NW 40th St Lincoln City, OR 97367
Estimated payment $6,821/month
Total Views
178
4
Beds
6
Baths
2,600
Sq Ft
$460
Price per Sq Ft
Highlights
- Ocean View
- Craftsman Architecture
- Covered Patio or Porch
- New Construction
- Vaulted Ceiling
- 1 Car Attached Garage
About This Home
New Construction & NO wait list for STR!! 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 granite 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 style with 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.
Listing Agent
Realty One Group At the Beach, License #201007056 Listed on: 08/15/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,283
Year Built
- Built in 2025 | New Construction
Lot Details
- 9,148 Sq Ft Lot
- Irregular Lot
- Property is zoned RC - Recreational Commercial
HOA Fees
- $120 Monthly HOA Fees
Parking
- 1 Car Attached Garage
Home Design
- Craftsman Architecture
- Composition Roof
- Concrete Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,600 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Utility Room
- Ocean Views
Kitchen
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 6 Bathrooms
Outdoor Features
- Covered Patio or Porch
Utilities
- Forced Air Cooling System
- Electricity To Lot Line
- Tankless Water Heater
Community Details
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Tax Lot 2400
- Assessor Parcel Number 071103A-2400-00
Map
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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 | $2,283 | $133,930 | $133,930 | -- |
| 2023 | $2,220 | $130,030 | $0 | $0 |
| 2022 | $2,159 | $126,250 | $0 | $0 |
| 2021 | $8,873 | $528,950 | $0 | $0 |
| 2020 | $8,669 | $513,550 | $0 | $0 |
| 2019 | $8,374 | $498,600 | $0 | $0 |
| 2018 | $8,186 | $484,080 | $0 | $0 |
| 2017 | $7,834 | $469,990 | $0 | $0 |
| 2016 | $7,348 | $456,310 | $0 | $0 |
| 2015 | $7,183 | $443,020 | $0 | $0 |
| 2014 | $7,001 | $430,120 | $0 | $0 |
| 2013 | -- | $417,600 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $1,195,000 | -- | $460 / Sq Ft |
Source: Lincoln County Board of REALTORS® MLS (OR)
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $500,000 | New Conventional |
Source: Public Records
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Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 25-1854
APN: R325302
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