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$659,000

3 Beds 3 / 1 Full / Half Baths 1,496 SQFT 0.06 Acres
Type: Single Family

603 SW 27th Way
Lincoln City, OR 97367

MLS#: 261318
Dave Brown
Dave Brown
Premiere Property Group
Principal Broker
Phone: 541.905.0770
Office: 541.730.4830
Presented by: Taylor & Taylor Realty Company

Property Description

 

The Ultimate Coastal Opportunity: Olivia Beach stands alone as the only master-planned community in the area with Vacation Rental (VR) Zoning and no waitlist for licenses. Unlike other VR options often restricted to hotel-adjacent areas, this is a true residential neighborhood experience. Be revenue-ready, the licensing process can begin upon a signed purchase agreement allowing you to capture revenue right away. One Seller is a licensed Realtor in the state of Oregon and co list agent. The Home: This quintessential Cape Cod cottage offers a welcoming enclosed and covered front porch and upper birds eye porch off the primary suite. Features an open-concept main level, anchored by a gas fireplace with a custom built-in media niche and a charming dining nook with seating for 6+. The gourmet kitchen is a standout for functionality, featuring ample counter and cabinet space, premium gas appliances, and brand-new high-end upgrades: a large-capacity refrigerator and a multi-functional microwave with integrated air fryer and convection features. The upper level serves as a retreat with dual en suites, vaulted ceilings, spacious walk-in closets, and an efficient on-demand hot water for endless comfort. Double Garage with Carriage House Suite: A standout feature of this property is the rare, fully independent guest suite. Situated above the garage with a private entrance, full bath, and natural skylight, this flexible space is ideal as a high-demand rental, a professional home office, or a premier guest suite that fits a king bed and sleeper sofa. Location & Lifestyle: Positioned directly across from the community park, your "front yard" is a picturesque landscape of wetlands and wisteria arbors. You are perfectly equidistant (0.2 miles) from both the beach access stairs and the seasonal heated pool and year round fitness room with showers. Centrally located along Lincoln City's 7 miles of sandy beaches, you're also just a short distance to local dining options, coffee, boutique shops, classic bookstore, and even a vibrant community theatre. Seamless Outdoor Living: Designed for year-round enjoyment, the home features a fully enclosed back deck and side yard—perfect for private BBQing and dining. This space is ideally suited for a future hot tub installation to complement the existing luxury hot/cold outdoor shower. Additional outdoor retreats include the gated front porch and a private upper balcony, offering a variety of vantage points to enjoy the coastal breeze. This home offers the most coveted lifestyle and investment potential on the Oregon Coast. A Pet-Lover's Sanctuary: Olivia Beach is a master-planned pet paradise with sidewalks and oyster shell lined walking paths. This home offers a very rare fully fenced and gated front porch and back deck and side yards, providing a secure sanctuary. After a day at the beach, use the dedicated hot/cold outdoor shower—a true luxury for rinsing off surf or sandy paws. Community Intentional Design: The community layout, based on "new urbanism" is a modern tribute to classic American town life. Wide, welcoming front porches are positioned close to the sidewalk to encourage neighborly greetings, while garages are tucked away along tidy rear alleys. This intentional design keeps the streets quiet, scenic, and centered around the exceptionally picturesque Olivia Beach Community Park, bordered by stunning wisteria arbors and crushed oyster paths. Exclusive Community Amenities: A premier draw for both owners and guests is the private Olivia Beach exclusive recreational facility that features a seasonal heated swimming pool (open Memorial Day through Labor Day) and a year-round fitness center equipped with convenient showers. The resort-style experience is complete, with sand volleyball court, community fire pit (seating 12+), picnic areas, built-in BBQ stand, as well as lower and upper playgrounds. Discover a cinematic neighborhood experience unlike anywhere else on the Oregon Coast. Square Footage & Layout: This home offers a generous 1,496 sq. ft. main residence plus an additional 144 sq. ft. of finished bonus area in the Carriage House (with under 7ft ceiling heights), bringing the total finished living space to 1,640 sq. ft. Carriage House Potential Dormer: For those looking to maximize the home's utility, the suite could be expanded with a dormer—similar to other select custom suites—which typically adds significant full-height headroom and can increase the functional living area of a Carriage House to approximately 350-400 sq. ft. total.


 

Interior Features

Bedrooms

Total Bedrooms3

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,496 sqft
Air Conditioning Y/NYes
Basement (Y/N)No
Below Grade Finished Area144 sqft
Fireplace FeaturesBlower Fan, Gas
Fireplace Y/NYes
FlooringCarpet, Hardwood, Tile
Furnished Y/NNegotiable
Heating Y/NYes
Interior AmenitiesBidet, Breakfast Bar, Breakfast Nook, Cathedral Ceiling(s), Ceiling Fan(s), Double Vanity, Dual Closets, Hand-held Shower Head, In-Law Floorplan, Kitchen Island, Open Floorplan, Vaulted Ceilings, Walk-In Closet(
Window FeaturesDouble Pane Windows, Insulated Windows, Skylight(s), Vinyl Frames, Window Treatments

General

Additional Parcels DescriptionLONI: OLIVIA BEACH SINGLE FAMLIY RESIDENCE
Additional Parcels Y/NNo
AppliancesDishwasher, Dryer, Gas Oven, Gas Range, Ice Maker, Microwave, Washer, Water Heater, Convection Oven, Disposal, Exhaust Fan, Refrigerator
Architectural StyleCape Cod
Assoc Fee Paid PerQuarterly
Association Fee IncludesProperty Taxes for Common Areas, Security, Other
Attached Garage No
Carport Y/NNo
CityLincoln City
Community FeaturesCurbs, Sidewalks, Street Lights
CoolingCeiling Fan(s), Other
CountyLincoln
DirectionsFrom Hwy 101, enter at the historic Nelscott District—the 'Surfing District' in the heart of Lincoln City. Head West on SW 32nd St toward the ocean, turn right on SW Coast Ave, then left on SW 28th St i
Garage Spaces2.0
Garage Y/NYes
HOAYes
HOA Fee$520.0
HeatingElectric, Natural Gas, Wall Furnace, Zoned
High School DistrictLincoln County School District
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet2613.6
Lot Size UnitsAcres
Other StructuresGarage(s)
Patio/Porch FeaturesCovered Porch, Enclosed Deck
PossessionClose Of Escrow
Property SubtypeSingle Family Residence
Property TypeResidential
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision NameOlivia Beach
Tax Annual Amount$654,650
Tax Year2026
Total Rooms10
UtilitiesCable Connected, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected, Utilities in Garage
ViewOcean, Other
Year Built2010
Year Built SourceAssessor
ZoningVR Vacation Rental

Exterior

Building Area Total1,496 sqft
Crops Included Y/NNo
Foundation DetailsCrawl Space
Horse Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.06
Lot Size Area0 sqft
Parking FeaturesAdditional Parking, Detached Garage
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Water SourcePublic

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$659,000

3 Beds 3 / 1 Full / Half Baths 1,496 SQFT 0.06 Acres
Type: Single Family

603 SW 27th Way
Lincoln City, OR 97367

MLS#: 261318
Dave Brown
Dave Brown
Premiere Property Group
Principal Broker
Phone: 541.905.0770
Office: 541.730.4830