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  • $225,000

    550 SE Reef Ave, Lincoln City, OR 97367

    --beds
    0baths
    7,840Square Feet
    Land
    Built in ----
    7,840 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Wonderfully private tucked-away feelOutdoor gathering spacesPlenty of roomMature surroundingsGarden areas
    Bring your vision to this unique .18-acre Lincoln City property where much of the groundwork is already in place! Water, sewer and electricity are on the property, along with an existing slab where a single-wide manufactured home once stood, creating an exciting opportunity for a future coastal home or getaway. Unlike a typical vacant lot, this property already offers established outdoor spaces surrounded by mature evergreens and greenery, giving it a wonderfully private, tucked-away feel. Garden areas, a greenhouse, additional storage sheds and outdoor gathering spaces add character and functionality, with plenty of room to imagine gardens, outdoor entertaining or simply enjoying your own peaceful piece of the Oregon Coast. One of the property's standout features is the 720-square-foot garage, fully insulated with sheet rock, water, power and work benches already in place. A 10-foot-wide by 8-foot-tall garage door, with opener provides excellent access and versatility for vehicles, recreational gear, a workshop, hobbies, projects, additional storage, or potentially convert into a small home or apartment. It's a substantial improvement that adds immediate usefulness while you make plans for the rest of the property. Existing concrete areas provide even more usable space, and the property's established improvements give a future owner a great starting point. Whether your vision includes a manufactured home, new construction or a coastal retreat, 550 SE Reef Avenue offers something increasingly hard to find—a beautiful lot with utilities already in place, a substantial finished garage, useful existing improvements, mature surroundings and room to create something uniquely your own. Come walk the property and imagine the possibilities!
    82 days
    22
    0

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Shelli R. Neal 541-921-3306,

    Realty One Group At the Beach,

    Source: OCMLS,MLS#: 26-2275MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Video & virtual tour

      Property

      Features
      • Exterior features: RV Hookup
      • Fencing: Partial
      Lot
      • Size: 7,840 Square Feet
      • Features: Level
      Details
      • Parcel number: 071114CB2000000
      • Zoning description: R-R Recreation Residential
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Lincoln City

      Financial & listing details

      • Tax assessed value: $210,390
      • Annual tax amount: $1,995
      • Date on market: 8/28/2026
      • Listing terms: Cash,Other
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/31/2026Contingent$225,000
        Source: OCMLS #26-2275 Report a problem
        8/28/2026Listed for sale$225,000
        Source: OCMLS #26-2275 Report a problem
        8/28/2026Pending sale$225,000
        Source: OCMLS #26-2275 Report a problem
        8/15/2026Listed for sale$225,000
        Source: OCMLS #26-2275 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,966 +1.6%$119,700 +3%
        2024$1,936 +2.8%$116,220 +3%
        2023$1,882 +2.9%$112,840 +3%
        2022$1,830 -4.7%$109,560 +3%
        2021$1,919 $106,370
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 97367

        Getting around

        44 / 100
        Car-Dependent
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating