Listing provided courtesy of Realty One Group At The Beach- MLS# 530544564MLS Provider

1938 NW 40TH STLincoln City, OR 97367

Single Family · 4 Beds · 5 Full Baths · 1 Partial Bath · 2,600 Sq. ft. | 0.21 Acres
$975,000 Active

1938 NW 40TH ST Overview

Time on Site:
278 days
Visits:
37

New Construction & NO wait list for Nightly Vacation Rentals!! Discover coastal living at its finest in this stunning four-bedroom, five-and-a-half-bathroom home that perfectly balances luxury and comfort. With 2,600 square feet of thoughtfully designed space, this property offers an ideal retreat for both relaxation and entertaining. The heart of the home features a gourmet kitchen equipped with premium Thermador appliances, elegant quartz countertops, and a spacious island perfect for morning coffee or evening gatherings. Custom backsplash tile adds personality, while the open layout flows seamlessly into the living room with a sliding glass door out to the ocean view covered porch. 9' ceilings throughout enhance the sense of space, complemented by durable luxury vinyl plank flooring that combines stylewith practicality. The home maintain comfort year-round with central air conditioning, while the gas fireplace provides a cozy ambiance during cooler evenings. Step outside to covered porches that extend your living space or enjoy the ocean view balcony where you can savor the beautiful Pacific Ocean evening sunsets. The elevated perspective offers breathtaking coastal vistas that never grow old.This property presents an exceptional investment opportunity as a nightly vacation rental with no waiting list, offering immediate income potential. The home's prime location puts you steps from Safeway for convenient shopping, close to Chinook Winds Casino, and easy beach access for miles of sandy walk or exploring in the Tide pools. Whether you're seeking a primary residence, vacation getaway, or investment property, this coastal gem delivers on all fronts with its blend of luxury amenities, practical features, and unbeatable location near Oregon's beautiful coastline.

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1938 NW 40TH ST Facts & Features

  • Type Single Family
  • Sq. ft. 2,600
  • Price/Sq.ft. $375
  • Lot 0.21 Acres

Details

General

Association/HOA

  • Association Amenities: Gated,Road Maintenance
  • Association Fee: 140.0
  • Association Fee Frequency: Monthly

School Information

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

Building Information

  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: Lincoln
  • MLS Area Major: 200 - Lincoln County

Tax Information

  • Tax Annual Amount: 2283.33
  • Tax Year: 2024

General Information

  • Disclosures: Exempt
  • Listing Terms: Cash,Conventional,Other
  • Parcel Number: R325302
  • Property Condition: New Construction
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Zoning: RC

Interior

Parking Information

  • Garage Spaces: 1.0

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Partial: 1
  • Bathrooms Total: 6
  • Bedrooms Total: 4

Building Interior

  • Building Area Total: 2600.0

General Information

  • Accessibility Features: Garage on Main
  • Appliances: Built-in Range,Built-in Refrigerator,Dishwasher,Gas Appliances,Granite,Island,Microwave,Plumbed For Ice Maker,Pot Filler,Trash Compactor
  • Basement: Crawl Space
  • Cooling: Central Air
  • Fireplace Features: Gas
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air
  • Interior Features: Garage Door Opener,High Ceilings,Luxury Vinyl Plank,Quartz,Vaulted Ceiling(s)
  • Security Features: Security Gate
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Parking Features: Driveway
  • Parking Total: 1.0

Lot Information

  • Lot Features: Ocean Beach 1/4 Mile or Less
  • Lot Size Acres: 0.21
  • Lot Size Square Feet: 9147.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Architectural Style: Craftsman
  • Roof: Composition

General Information

  • Exterior Features: Covered Deck
  • Sewer: Public Sewer

1938 NW 40TH ST Neighborhood

Community

97367 (Lincoln City) Demographics

55
Median Age
231
Population Density (per sq. mile)
35%
College Educated
$46,563
Estimated Median Income
2,808
Estimated Total Home Owners
1,706
Estimated Total Renters
62% / 38%
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.

1938 NW 40TH ST 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.

1938 NW 40TH ST Market Data

Based on the last 30 days in this zip code

$648,541
Average List Price
$372
Average Price per Square Foot
25
Properties Sold
116
Average Days on Market
436
Properties for Sale
Calculations provided by Reliance Network

1938 NW 40TH ST History

Date Event Value Agent
5/21/2026Source: Regional MLS Price Reduction
$975,000 -7.1%
5/21/2026Source: Tillamook MLS Price Reduction
$975,000 -7.1%
4/25/2026Source: Regional MLS Price Reduction
$1,049,000 -12.2%
4/25/2026Source: Tillamook MLS Price Reduction
$1,049,000 -12.2%
1/5/2026Source: Tillamook MLS Added to Database
August 15, 2025
9/24/2025Source: Regional MLS Added to Database
September 24, 2025