Price Reduced Listing
$1,435,000
 $7,703 est/mo Sourced by Back At You

3445 NE 40th Ct,Neotsu, OR 97364

Neotsu, OR 97364

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Description

Rare, universally designed, lakefront, income property embracing the timeless beauty of the Oregon Coast. 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.

Details

MLS #782296854
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2004
Days On Site118
Listing Provided ByKiwanda Coastal Properties | Amanda Graves

Features

Garage3
Story(s)2
Units4
ZoningR_M
Acreage0.32
Water FrontYes
Property ViewLake

Interior

HeatingOther, Wall Heater
Heating YnNo
Cooling YnNo

Exterior

RoofComposition
Security FeaturesHandicap Access
Foundation DetailsConcrete Perimeter
Lot FeaturesCul_de_sac

Parking

Attached Garage YnNo
Parking FeaturesDriveway, Garage

Taxes

Property13855

Area Information

StateOR
CountyLincoln
CityNeotsu
Zip Code97364
School DistrictTaft
Elementary SchoolOceanlake
High SchoolTaft
Listing VS Median (in 97364)
Price:
$1,435,000
low | high
Med:
$562,000
100% of Average
On site:
118
low | high
Med:
234
50.42735042735% of Average
Sourced by Back At You

Market Activity 97364

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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 RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Madaire Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

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Learn More About This Property

StateOR
CountyLincoln
CityNeotsu
Zip Code97364
School DistrictTaft
Elementary SchoolOceanlake
High SchoolTaft
Listing VS Median (in 97364)
Price:
$1,435,000
low | high
Med:
$562,000
100% of Average
On site:
118
low | high
Med:
234
50.42735042735% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.76M - $1.793M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
3440 NE 40TH CT Property Photo 1
$1,800,000
3440 Ne 40th Ct
Neotsu, OR 97364
3508 NE 40TH CT Property Photo 1
$150,000
3508 Ne 40th Ct
Neotsu, OR 97364
Listing Updated: September 3, 2026 at 3:15:42 PM PDT