$1,195,000
NEW CONSTRUCTION

1938 NW 40th St Lincoln City, OR 97367

Estimated payment $6,577/month

Total Views 3,091
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 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 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

Nadine Hankins

Realty One Group At the Beach, License #201007056 Listed on: 08/15/2025

Realty One Group At the Beach,

Co-Listing Agent

Dustin Hankins

Realty One Group At the Beach, License #201225441

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
  • Heating Available
  • 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,283

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9147.6
  • Road Surface Type: Gravel, Paved
  • Subdivision Name: N/A
  • Directions: From Hwy 101 turn west on NW 40th. Entrance to The Sands subdivision will be on the right.
  • Architectural Style: Craftsman
  • Garage Yn: Yes
  • Year Built: 2025
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: Ocean
  • General Property Description:Secondary View: None
  • General Property Description:_pound_ of Acres: 0.21
  • General Property Description:CCRs: Yes
  • Location Tax and Other Information:Tax Lot: 2400
  • General Property Description:Total Bedrooms: 4
  • General Property Description:Total Bathrooms: 5.5
  • General Property Description:Levels: Two
  • General Property Description:Style: Craftsman
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:RangeOven: Gas
  • Internal Features:Microwave: Yes
  • Alternate Heat:Gas Fireplace: Yes
  • General Property Description:Property Sub-Type: New Construction
  • Internal Features:Water Heater: Tankless
  • Flooring:Vinyl2: Yes
  • Ceiling:Vaulted: Yes
  • Flooring:Carpet: Yes
  • DeckPatio:Covered Patio: Yes
  • Lot Type:Irregular: Yes
  • Siding:Concrete Composite: Yes
  • DeckPatio:Covered Porch: Yes
  • Flooring:Tile2: Yes
  • General Property Description Senior Community YN: No
  • Special Features: NewHome

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet, Tile
  • Interior Amenities: Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Irregular Lot
  • View: Ocean
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Roof: Composition

Garage/Parking

  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas Forced Air
  • Heating Yn: Yes
  • Water Source: Public
  • HeatingCooling:Gas Forced Air: Yes
  • HeatingCooling:Central AC: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 120.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Description:Association2: Yes
  • Association Fee Inclusions:Maintenance - Common Area: Yes
  • Association Fee Inclusions:Property Tax - Common Area: Yes
  • Association Fee Inclusions:Utilities - Common Area: Yes
  • Association Fee Inclusions:Reserves: Yes
  • CondoAssociation:CondoAssoc Fee (MQY): Monthly

Lot Info

  • Additional Parcels Description: Re-plat prior to or at closing.
  • Parcel #: 071103A-2400-00
  • Zoning: RC - Recreational Commercial

Tax Info

  • Tax Annual Amount: 2283.33
  • Tax Year: 2024

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 List to Sale Price per Sq Ft
09/24/2025 09/24/25 For Sale $1,195,000 -- $460 / Sq Ft
Source: Lincoln County Board of REALTORS® MLS (OR)

Source: Lincoln County Board of REALTORS® MLS (OR)

MLS Number: 25-1854

APN: R325302