Listing provided courtesy of Advantage Real Estate- MLS# LC-104265MLS ProviderSource MLS VerifiedContact Information: (541) 265-2200

5055 Terrace Court NWWaldport, OR 97394

Single Family · 3 Beds · 2 Full Baths · 1,576 Sq. ft. | 0.90 Acres
$650,000 Active

5055 Terrace Court NW Overview

Time on Site:
188 days
Visits:
3

Privately located on an oversized parcel close to the beach and surrounded by trees, this custom home offers comfort, versatility, and exceptional shop space. The custom 36x40 two-bay shop is ideal for RV or boat storage, hobbies, projects, or additional workspace. It is fully insulated and secure, with a large workshop area and overhead storage. Additional parking is available beside the shop and near the home. Inside, the home features vaulted ceilings, abundant natural light, and an open living design. The efficient kitchen offers granite counters and a garden window, along with a spacious laundry, craft, and pantry area. Additional features include a central vacuum, a Ring camera, and an attached oversized two-car garage. The primary suite includes a jetted tub, a walk-in closet, a step-in shower, and access to the covered porch, where you can enjoy beautiful sunsets. The grounds feature raised garden beds, a covered hot tub pergola, a fenced yard for pets, a fire pit, and more. Well-maintained, conveniently located, and move-in ready.

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5055 Terrace Court NW Facts & Features

  • Type Single Family
  • Sq. ft. 1,576
  • Price/Sq.ft. $412
  • Lot 0.90 Acres

Details

General

Association/HOA

  • Association Amenities: None
  • Association Fee: 300.0
  • Association Fee Frequency: Annually
  • Association Fee Includes: Maintenance Grounds
  • Association Name: Ocean View Terrace HOA
  • Association: true

Building Information

  • New Construction: false
  • Year Built: 1999

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: Ocean View Terrace

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 5000.72
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 131107B-900-00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: false
  • Special Listing Conditions: Standard
  • Zoning: R-1 Residential, Single Family

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Above Grade Finished Area: 1576.0
  • Building Area Total: 1576.0

General Information

  • Appliances: Dishwasher,Electric Oven,Electric Range,Microwave,Refrigerator,Water Heater
  • Basement: false
  • Fireplace: false
  • Flooring: Tile,Wood
  • Foundation Details: Slab
  • Interior Features: Vaulted Ceiling(s)
  • Levels: One
  • Living Area Source: Assessor
  • Rooms Total: 9
  • Stories Total: 1
  • Window Features: Window Treatments

Exterior

Parking Information

  • Parking Features: Attached Garage,RV Access/Parking

Lot Information

  • Lot Features: Irregular Lot
  • Lot Size Acres: 0.9
  • Lot Size Area: 0.9
  • Lot Size Square Feet: 39204.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Ranch
  • Attached Garage: false
  • Construction Materials: Concrete
  • Patio And Porch Features: Covered Porch
  • Roof: Composition

General Information

  • Carport: false
  • Fencing: Partial
  • Other Structures: Pergola
  • Road Frontage Type: County Road
  • Sewer: Septic Tank
  • Utilities: Electricity Connected,Natural Gas Not Available,Water Available

Room Information

Room: Bathroom

  • Level: Main

Room: Bathroom

  • Level: Main

Room: Bedroom 2

  • Level: Main

Room: Bedroom 3

  • Level: Main

Room: Dining Room

  • Level: Main
  • Description: Open living concept

Room: Kitchen

  • Level: Main

Room: Living Room

  • Level: Main

Room: Primary Bedroom

  • Level: Main
  • Description: Suite

Room: Utility Room

  • Level: Main

5055 Terrace Court NW Neighborhood

Community

97394 (Waldport) Demographics

57
Median Age
80
Population Density (per sq. mile)
29%
College Educated
$49,559
Estimated Median Income
1,846
Estimated Total Home Owners
577
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5055 Terrace Court NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5055 Terrace Court NW Market Data

Based on the last 30 days in this zip code

$581,915
Average List Price
$310
Average Price per Square Foot
12
Properties Sold
94
Average Days on Market
147
Properties for Sale
Calculations provided by Reliance Network

5055 Terrace Court NW History

Date Event Value Agent
5/14/2026Source: Tillamook MLS Price Reduction
$650,000 -7.0%
4/22/2026Source: Tillamook MLS Price Reduction
$699,000 -4.9%
3/15/2026Source: Tillamook MLS Price Reduction
$735,000 -5.2%
3/2/2026Source: Tillamook MLS Status Change
Active
2/23/2026Source: Tillamook MLS Status Change
Pending
12/23/2025Source: Tillamook MLS Added to Database
December 23, 2025