$375,000
$50K PRICE DROP

5188 S Summer Place Lincoln City, OR 97367

Estimated payment $2,287/month

Total Views 4,367
2 Beds
1.5 Baths
1,432 Sq Ft
$262 Price per Sq Ft

Highlights

  • Popular Property
  • River View
  • Wood Burning Stove
  • RV Access or Parking
  • Deck
  • Vaulted Ceiling

About This Home

Don't miss this unique opportunity to own a slice of riverfront paradise on a sunny, open bend of the beautiful Siletz River in Lincoln City, Oregon. This rare offering includes two separate tax lots totaling nearly half an acre—perfect for full-time living, a weekend retreat, or a future investment. The 2-bedroom, 1.5-bath home sits on a 0.23-acre lot and features an attached 1-car garage, a newly resurfaced deck with fresh flooring, updated interior flooring, and a newly installed septic system. The full bathroom is located upstairs, with a convenient half bath on the main level. The adjacent 0.25-acre lot is fully equipped with electricity and water, making it ideal for RV parking or potential future use.Step out to your private, removable dock and enjoy fishing or boating right from your backyard. The home is located on one of the most desirable stretches of the river, known for its sunshine and serene viewsperfect for relaxing or entertaining. Please note: With utilities on both lots and direct river access, this one-of-a-kind property offers exceptional value and versatility. Don't let this opportunity float away!

Listing Agent

Hannah Katz

Coldwell Banker Professional License #201231711 Listed on: 06/12/2025

Coldwell Banker Professional

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,514

Year Built

  • Built in 1971

Lot Details

  • 0.48 Acre Lot
  • River Front
  • Property is zoned R-1 A

Parking

  • 1 Car Attached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • River
  • Woods

Home Design

  • Slab Foundation
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,432 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Free-Standing Range
  • Washer and Dryer

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Deck
  • Patio

Schools

  • Oceanlake Elementary School
  • Taft Middle School
  • Taft High School

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R278131

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,514

Year Built

Built in 1971

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1971
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Other
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 1.1
  • Fireplaces: 1
  • Interior Amenities: VaultedCeiling, VinylFloor, WalltoWallCarpet, WasherDryer
  • Appliances: FreeStandingRange, FreeStandingRefrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Stove, WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsPartialLowerLevel: 1
  • BathroomsTotalLowerLevel: 0.1
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt20000toAcres1
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: T111Siding
  • Exterior Features: Deck, Patio, RVParking
  • Lot Size: 20,000 SqFt to .99 Acres
  • Waterfront: Yes
  • Foundation Details: Slab
  • R V Description: RVParking
  • View: Yes
  • Road Surface Type: Gravel
  • Waterfront Features: RiverFront
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: River,TreesWoods

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, RVAccessParking
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: Baseboard, Ductless
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Oceanlake
  • High School: Taft
  • Middle Or Junior School: Taft

Lot Info

  • Zoning: R-1 A
  • Land Lease: No
  • Lot Size Acres: 0.48
  • Lot Size Sq Ft: 20908.0
  • Parcel #: R278131
  • Assessor Parcel Number 2: R276061

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2514.04

Map

Range of Values:

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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 $1,937 $183,070 -- --
2023 $1,876 $177,740 $0 $0
2022 $1,819 $172,570 $0 $0
2021 $1,776 $167,550 $0 $0
2020 $1,745 $162,670 $0 $0
2019 $1,674 $157,940 $0 $0
2018 $1,351 $129,400 $0 $0
2017 $1,317 $126,380 $0 $0
2016 $1,178 $112,130 $0 $0
2015 $1,410 $135,510 $0 $0
2014 -- $153,340 $0 $0
2013 -- $148,880 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/04/2025 07/04/25 Price Changed $375,000 -11.7% $262 / Sq Ft
06/07/2025 06/07/25 For Sale $424,900 +49.3% $297 / Sq Ft
07/21/2022 07/21/22 Sold $284,585 -5.1% $199 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $299,900 +233.2% $209 / Sq Ft
06/15/2015 06/15/15 Sold $90,000 -9.1% $63 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $99,000 -- $69 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $284,585 None Listed On Document
Warranty Deed $90,000 Western Title & Escrow
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 155833150

Regional Multiple Listing Service (RMLS)

APN: R278131