7415 E Summit Rd, Pacific City, OR 97135

$950,000
4
BD
3
BA
2,170
SqFt

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List Price
$950,000
Price Change
▼ $25,000 1789426484
MLS#
26-594
Style
Contemporary
Bedrooms
4
Bathrooms
3
Subdivision
N/A
Year Built
2010

Property Description

A beautiful Pacific City coastal retreat with stunning ocean and Nestucca River views—and proven short-term rental income. The property has already generated approximately $43,000 in rental revenue this year, with an estimated additional $10,000-$15,000 expected by year-end. Even more compelling, a projection from Oregon Beach Vacations indicates potential annual revenue of approximately $70,000, giving buyers an exciting opportunity to explore the income potential of this turnkey coastal property. The home is being sold furnished and includes a short-term rental permit that may be eligible for a one-time transfer, subject to county approval and buyer due diligence. This creates an attractive opportunity to continue operating the property as a vacation rental, use it as a personal coastal getaway, or enjoy the best of both. Built in 2010, this custom home was designed to capture the surrounding scenery, with expansive windows, an open-concept living area, heated hardwood floors, a spacious kitchen, and a primary bath with heated floors. Step onto the deck to enjoy sweeping coastal views, fresh ocean air, and the peaceful setting. Located in desirable Pacific City, you're close to fishing, crabbing, kayaking, river recreation, beaches, and everything that draws visitors to the Oregon Coast. Proven income. Strong rental upside. Incredible coastal setting. Furnished and ready to enjoy. This is the kind of property that can work for both your lifestyle and your investment goals. Rental revenue figures are provided by the seller. The approximately $70,000 figure is a projection from Oregon Beach Vacations and is not a guarantee of future income. Buyer to verify all income, expenses, rental regulations, and permit transferability.

Additional Information

Living Area
2,170
Interior Features
Kitchen Island, Vaulted/Cathedral Ceilings, Jetted Tub
Roof
Composition
Foundation
Concrete Perimeter
Garage Spaces
2
Sewer
Public Sewer
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Professional Group - Lincoln City.