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    • Price cut: $74K (5/21)
    $975,000

    1938 NW 40th St, Lincoln City, OR 97367

    4beds
    2,600sqft
    : 
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    Single Family Residence
    Built in 2025
    9,147 Square Feet Lot
    $-- Zestimate®
    $375/sqft
    $140/mo HOA

    What's special

    Ocean view balconyGas fireplaceOcean view covered porchSpacious islandBreathtaking coastal vistasElegant quartz countertopsPremium thermador appliances
    New Construction & NO wait list for STR!! 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 style with 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.
    341 days
    |
    782
    |
    42
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nadine Hankins 503-801-5755,

    Realty One Group At the Beach,,

    Dusty Hankins 541-992-3614,

    Realty One Group At the Beach,

    Source: OCMLS,MLS#: LC-104629MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Bonus room
      • Description: Open Bunk Room
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Trash Compactor, Water Heater
      Features
      • Double Vanity, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Coffered Ceiling(s), Ceiling Fan(s)
      • Flooring: Carpet, Tile
      • Windows: Double Pane Windows
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Gas
      Interior area
      • Total structure area: 2,600
      • Total interior livable area: 2,600 sqft
      • Finished area above ground: 2,600
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached Garage
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Front Porch, Covered Porch, Rear Porch
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      Lot
      • Size: 9,147 Square Feet
      • Features: Irregular Lot, Landscaped, Level
      Details
      • Additional structures: None
      • Additional parcels included: Re-plat prior to or at closing.
      • Parcel number: 071103A240000
      • Zoning description: RC - Recreational Commercial
      • Special conditions: Trust

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • New construction: Yes
      • Year built: 2025

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks
      • Security: Gated Community
      HOA
      • Has HOA: Yes
      • Services included: Property Taxes for Common Areas, Other
      • HOA fee: $140 monthly
      • HOA name: The Sands
      Location
      • Region: Lincoln City

      Financial & listing details

      • Price per square foot: $375/sqft
      • Annual tax amount: $2,283
      • Date on market: 8/15/2025
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/21/2026Price change$975,000-7.1%$375/sqft
        Source: OCMLS #LC-104629 Report a problem
        4/25/2026Price change$1,049,000-12.2%$403/sqft
        Source: OCMLS #LC-104629 Report a problem
        8/15/2025Listed for sale$1,195,000$460/sqft
        Source: OCMLS #25-1854 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 97367

        Getting around

        55 / 100
        Somewhat Walkable
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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