Price Reduction - Water Views - Eco Friendly - Seller Financing
Address
3445 Ne 40th Court, Lincoln City, OR
Price
$ 1,435,000
Property Attributes
- MLS#261428
- TypeSingle Family
- Listing Status Active
- CountyLINCOLN
- CityLincoln City
- NeighborhoodLakeside Heights
- Zip97364
- StyleChalet
- Year Built2004
- Taxes$ 13855
- Price$ 1,435,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4303
- Lot Size0.32 Acres
Data Source:
Lincoln County MLS Oregon (LCMLS-O)
Property Description
Lakefront, 5 bedroom, universally designed, income property embracing the timeless beauty of the Oregon Coast. B&B potential where you live there and have 3 rental units all with lakefront decks. Seller financing negotiable. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking.
| Price History | |
|---|---|
| 5/26/2026 | Listed $1,450,000 |
| 9/3/2026 | 2$1,435,000 |
General Features
| Heating | Electric,Natural Gas,Wall Furnace,Other |
|---|---|
| Cooling | None |
| Utilities | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Separate Meters,Sewer Connected,Water Connected,Underground Utilities |
| Possession | Subject To Tenant Rights |
| Roof | Composition |
| Appliances | Dishwasher,Dryer,Electric Oven,Electric Range,Microwave,Washer,Water Heater,Disposal,Down Draft,Electric Cooktop,Gas Cooktop,Refrigerator,Washer/Dryer Stacked |
| Zoning | R-M Residential,Multifamily |
| Garage Spaces | 3.0 |
| Patio/Porch Features | Covered Deck,Deck |
| Architectural Style | Chalet |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Year Built | 2004 |
| Electric | 200+ Amp Service |
| View | Lake |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Curbs |
| County | Lincoln |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Lakeside Heights |
| Garage Y/N | Yes |
| Other Structures | Gazebo |
| Total Rooms | 16 |
| Status | Active |
| Directions | From Hwy 101 head East on NE Neotsu Dr. 1st R on NE Johns Ave. Follow around the corner and take R on NE 40th Ct. No sign. Do not disturb tenants. |
| City | Lincoln City |
| Senior Community Y/N | No |
| High School District | Lincoln County School District |
| Lot Size Units | Acres |
| Lot Size Square Feet | 13939.2 |
| Carport Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 13855.41 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://pixies.et/lGFKq55w |
| Standard Status | Active |
Interior Features
| Interior Amenities | Bidet,Breakfast Bar,Built In Shower Chair,Central Vacuum,Elevator,Entrance Foyer,Grab Bars Around Toilet,Grab Bars in Shower or Tub,Hand-held Shower Head,In-Law Floorplan,Jack & Jill Bathroom(s),Kitc |
|---|---|
| Flooring | Carpet,Laminate,Vinyl |
| Fireplace Features | Gas,Gas Log |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Window Features | Blinds,Drapes,Storm Window(s),Tinted Windows |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 1919.0 |
| Total Bedrooms | 5 |
| Below Grade Finished Area | 2384.0 |
| Total Baths | 4 |
Exterior Features
| Parking Features | Additional Parking,Driveway,On Street |
|---|---|
| Lot Features | Landscaped,Corner Lot,Cul-De-Sac,Garden |
| Water Source | Public |
| Lot Size Area | 0.32 |
| Foundation Details | Concrete Perimeter |
| Spa | No |
| Building Area Total | 4303.0 |
| Lot Size Acres | 0.32 |
| Road Surface Type | Paved |
| Road Frontage Type | County Road |
| Crops Included Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97364
Price
Taxes
Year Built
Visits
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than NextHome Realty Connection are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 13, 2026 6:44 PM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright © 2026 WVMLS. All Rights Reserved. Information last updated on September 13, 2026 6:24 PM UTC
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