$1,200,000
SOLD MAY 2, 2025

284 Collins Rd Westlake, OR 97493

-- Bed
-- Bath
3,725 Sq Ft
84,942 Sq Ft

Recently Sold

$322 Per Sq Ft

4% Below List Price

326 Days on Market

Highlights

  • Lake Front
  • Private Lot
  • Guest Parking
  • RV Access or Parking
  • Recreation Facilities
  • Zoned Heating

About This Home

As of May 2025

WELCOME TO PARADISE!! Pacific Properties is Pleased to Present to Qualified Buyers this Unique Opportunity to Purchase this Beautiful RV Park Resort in a Private & Secluded Location on 1.95 Pristine Acres, Perfectly Situated Along a Wind Protected and Sunny Point on Beautiful Siltcoos Lake. Ada Resort Store & RV Park Consists of a General Store, 2 Houses, 26 RV & Tent Sites with Hookups (property is approved for 62 sites), Recreational & Fish Cleaning Building, Large Manager House with Workshop, Boat Launch and Large Private Dock with Boat Slips. Short Term Tenancy Cabin is a Cute and Clean 2 Bedroom, 1 Bath with "Bunk House Porch" Featuring a Full Kitchen and Large Deck Overlooking the Lake, Fully Furnished and Nicely Appointed with Quaint Fixtures & Finishes. Long Term Tenants Stay in a Very Nice 2 Story Home with a Full Kitchen and a Nice Living Room with INCREDIBLE Lake Views and a Large Deck. Large Manager?s House is a 2 Bedroom, 1 Bath, a Large Living Area with Huge Windows for Breathtaking Lake Views, Featuring a Workshop and Bonus Room Below. Amazing Setting with Mature Landscaping Leading Down to the Private Boat Ramp and Dock. TRULY A ONCE IN A LIFETIME OPPORTUNITY to Purchase this Iconic Lakefront Resort and Restore it to its Former Glory. PRICED TO SELL!! Call Today for Your Private Tour...and MAKE SURE TO WATCH THE VIDEO/VIRTUAL TOUR LINK ON THIS PROPERTY!!

Last Agent to Sell the Property

Joel Sweet

Pacific Properties Brokerage Phone: License #201214598 Listed on: 05/14/2024

Co-Listed By

Joe Aguirre

Pacific Coast Real Estate & Development, LLC Brokerage Phone: License #201012096

Last Buyer's Agent

Lacey Rathsack

Keller Williams Southern Oregon-Umpqua Valley License #201252925

Keller Williams Southern Oregon-Umpqua Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $780

Year Built

  • Built in 1928

Lot Details

  • 1.95 Acre Lot
  • Lake Front
  • Landscaped
  • Private Lot

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • Guest Parking
  • RV Access or Parking

Schools

  • Siuslaw Elementary And Middle School
  • Siuslaw High School

Utilities

  • No Cooling
  • Zoned Heating
  • Well
  • Septic Tank

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R14871

Community Details

Amenities

  • Laundry Facilities

Recreation

  • Recreation Facilities

Building Details

  • Operating Expense $5,000
  • Gross Income $84,900
  • Net Operating Income $79,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$780

Year Built

Built in 1928

Lot Details

1.95 Acres

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1928
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 1200000.0
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, Unfinished
  • Storage: Attached,Basement
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: Other,WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Private
  • Road Surface Type: Gravel, Paved
  • Water Body Name: Siltcoos Lake
  • Waterfront Features: Lake
  • View: Lake,Mountain,Territorial

Garage/Parking

  • Parking Description: Guest, RVAccessParking
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: StandardSeptic
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: FrontYardLandscaping, Laundry, RecreationFacilities

Schools

  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle Or Junior School: Siuslaw

Lot Info

  • Zoning: C-M
  • Lot Size Acres: 1.95
  • Lot Size Sq Ft: 84942.0
  • Parcel #: R14871

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 779.72

Multi Family

  • Gross Rent Multiplier: 14.72
  • Annual Gross Income: 84900.0
  • Property Net Operating Income: 79900.0
  • Annual Operating Expense: 5000.0
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Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2025 05/02/25 Sold $1,200,000 -4.0% $322 / Sq Ft
04/07/2025 04/07/25 Pending -- -- --
03/09/2025 03/09/25 For Sale $1,250,000 0.0% $336 / Sq Ft
01/28/2025 01/28/25 Pending -- -- --
12/10/2024 12/10/24 For Sale $1,250,000 0.0% $336 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/01/2024 09/01/24 Price Changed $1,250,000 -16.6% $336 / Sq Ft
05/15/2024 05/15/24 For Sale $1,499,000 -- $402 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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
2025 $1,297 $92,279 -- --
2024 $1,250 $89,592 -- --
2023 $1,170 $86,983 $0 $0
2022 $1,118 $84,450 $0 $0
2021 $930 $72,922 $0 $0
2020 $931 $72,922 $0 $0
2019 $922 $72,922 $0 $0
2018 $986 $0 $0 $0
2017 $880 $69,001 $0 $0
2016 $881 $69,001 $0 $0
2015 $878 $69,001 $0 $0
2014 $958 $75,075 $0 $0
2013 -- $78,566 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24348525

Regional Multiple Listing Service (RMLS)

APN: R14871

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