4000 Blk NW 40th St Lincoln City, OR 97367
Estimated payment $6,781/month
About This Lot
Large ocean view 3.89 acre property zoned R-C Recreation Commercial property. Priced at 5.90 per sq ft. Site is in a prime NW Lincoln City location. Bring your imagination - This property has a large variety of uses that have been verified with the city of Lincoln City which includes apartments, condominiums, hotels, motels, timeshares, and senior retirement center. Excellent visibility and access from Highway 101, just 2 blocks to the beach, shopping and much more. Property is adjacent to the Chinook Winds Casino Hotel & Resort. All utilities are at the street. Owner is open to seller financing- submit all offers!
Property Details
Property Type
- Land
Est. Annual Taxes
- $15,095
Lot Details
- 3.89 Acre Lot
- Lot Dimensions are 271 x 590 x 280 x 590
- Sloped Lot
- Property is zoned RC - Recreational Commercial
Additional Features
- Ocean Views
- Gas Available at Street
Listing and Financial Details
- Tax Lot 61
- Assessor Parcel Number 071103A-1200-00
Community Details
Overview
- Lincoln Shore Star Resort Subdivision
- The community has rules related to covenants, conditions, and restrictions
Recreation
- Electricity Available at Street
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | Price Changed | $1,000,000 | -9.1% | -- |
| 04/25/2025 04/25/25 | Price Changed | $1,100,000 | -15.4% | -- |
| 03/31/2025 03/31/25 | Price Changed | $1,300,000 | -3.7% | -- |
| 02/07/2025 02/07/25 | Price Changed | $1,350,000 | -3.5% | -- |
| 01/03/2025 01/03/25 | Price Changed | $1,399,000 | -2.8% | -- |
| 09/25/2024 09/25/24 | Price Changed | $1,439,000 | -0.7% | -- |
| 08/30/2024 08/30/24 | Price Changed | $1,449,000 | -19.3% | -- |
| 06/14/2019 06/14/19 | For Sale | $1,795,000 | +125.8% | -- |
| 07/11/2016 07/11/16 | Sold | $795,000 | -11.2% | -- |
| 05/25/2016 05/25/16 | Pending | -- | -- | -- |
| 03/09/2016 03/09/16 | For Sale | $895,000 | -- | -- |
Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 19-1523
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