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$1,435,000

5 Beds 4 Baths 4,303 SQFT 0.32 Acres
Type: Single Family

3445, 3447, 3449 NE 40th Court
Lincoln City, OR 97364

MLS#: 261401
Aric Keith
Aric Keith
Premiere Property Group
Managing Broker WA, Broker OR
Phone: 360.909.3862
Office: 360.859.0544
Presented by: Kiwanda Coastal Properties

Property Description

 

Hidden Cove Beckons — a rare 5 bedroom lakefront sanctuary where thoughtful universal design meets 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 shores of Devil's Lake, this one-of-a-kind barrier-free property was created for effortless living, comfort, and connection to nature at every stage of life. Designed with accessibility and ease in mind, this universally designed multiplex offers main-level living in every residence, with elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, central vac, and carefully considered spaces create a home that feels both elegant and welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical lily pad-shaped dock invites residents to enjoy the calm waters of Devil's Lake with ease, offering a gentle and 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 with easy sit-down access offers year-round soaking and exercise surrounded by nature. The property currently generates annual income with three beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle and investment. Potential future uses may include condominiums, bed and 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, this private retreat is located in the quiet enclave of Neotsu on the north end of Devil's Lake, directly across from the Chinook Winds Golf Course and adjacent to tribal trust land. City water and sewer place, a rare advantage in this area as future infrastructure requirements evolve. Tucked away on a secluded cul-de-sac with only two neighboring lakefront homes, the setting offers extraordinary privacy while remaining conveniently close to the hospital, post office, grocery stores, banking, and everyday essentials. Recent updates include sealed driveway, newer water heaters, exterior paint, and roof replacement approximately four years ago. There is truly nothing else like this available on the Oregon Coast — a visionary "outside-the-box" property designed for those seeking beauty, accessibility, peace of mind, and a gentler way of living by the water.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,919 sqft
Air Conditioning Y/NNo
Basement (Y/N)No
Below Grade Finished Area2,384 sqft
Fireplace FeaturesBlower Fan, Double Sided, Gas, Gas Log
Fireplace Y/NYes
FlooringCarpet, Laminate, Vinyl
Heating Y/NYes
Interior AmenitiesBidet, Built In Shower Chair, Central Vacuum, Eat-in Kitchen, Elevator, Grab Bars Around Toilet, Grab Bars in Shower or Tub, In-Law Floorplan, Jack & Jill Bathroom(s), Kitchen Island, Open Floorplan, Pantry, Rol
Window FeaturesStorm Window(s)

General

Additional Parcels Y/NNo
AppliancesDishwasher, Dryer, Electric Range, Microwave, Washer, Water Heater, Disposal, Down Draft, Gas Cooktop, Refrigerator
Architectural StyleChalet
Attached Garage No
Carport Y/NNo
CityLincoln City
Community FeaturesCurbs
CoolingNone
CountyLincoln
DirectionsFrom US 101 head East on NE Neotsu Drive. Take first Right on NE Johns Ave. Follow around the corner and take first Right on NE 40th Court. Driveway is on the right. No sign. Do not disturb tenants.
Electric200+ Amp Service
Garage Spaces3.0
Garage Y/NYes
HOANo
HeatingElectric, Natural Gas, Wall Furnace, Other
High School DistrictLincoln County School District
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet13,939 sqft
Lot Size UnitsAcres
Number Of Units Total4
Number of Units Leased4
Other StructuresGazebo
OwnerPaysSewer, Water
Patio/Porch FeaturesDeck
PossessionSubject To Tenant Rights
Property SubtypeMulti Family
Property TypeResidential Income
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision NameLakeside Heights
Tax Annual Amount$13,855
Tax Year2025
Tenant PaysCable TV, Electricity, Gas, Internet, Trash Collection
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Separate Meters, Sewer Connected, Water Connected, Underground Utilities
ViewLake
Virtual TourClick here
Year Built2004
ZoningR-M Residential, Multifamily

Exterior

Building Area Total4,303 sqft
Crops Included Y/NNo
Foundation DetailsConcrete Perimeter
Horse Y/NNo
Lot FeaturesLandscaped, Level, Cul-De-Sac, Garden, Private, Secluded
Lot Size Acres0.32
Lot Size Area0 sqft
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesDriveway, Paved
Road Frontage TypeCounty Road
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

Schools 

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

  

Similar Properties

$1,435,000

5 Beds 4 Baths 4,303 SQFT 0.32 Acres
Type: Single Family

3445, 3447, 3449 NE 40th Court
Lincoln City, OR 97364

MLS#: 261401
Aric Keith
Aric Keith
Premiere Property Group
Managing Broker WA, Broker OR
Phone: 360.909.3862
Office: 360.859.0544