617 SW 27th Way, Lincoln City, OR 97367
What's special
Experience the quintessential Oregon Coast lifestyle at this stunning Nantucket-style cottage located in the premier community of Olivia Beach. This home is perfectly positioned to offer both a private sanctuary and a high-performing investment opportunity, boasting a rare and transferable Short-Term Rental (STR) outright use. In a market where such permits are a "Golden Ticket," this property allows you to generate significant income that can pay for the home while providing you the flexibility to use it whenever you wish. The home's layout is expertly designed for the modern traveler, featuring two spacious en-suite bedrooms upstairs for maximum privacy and a bright, open-concept living space on the main level. Outdoor living is a highlight, with a charming covered front porch that overlooks the vibrant community park—complete with sand volleyball, a playground, and fire pits—and a secluded rear courtyard perfect for BBQs and a hot tub after a day at the beach. Beyond the main house and above the detached garage includes a versatile flex space or 3rd bedroom with it's own bathroom greatly increasing rental income or to be used as an owner's lockout, home office, or guest overflow. Unlike many other homes here, this garage is not shared and this unit has 3 dedicated parking spaces, creating a private feel for the entire property that you'll appreciate when you see in person. Bordering the park and situated just steps from a community trail, you have direct access to one of the prime surf beaches in Lincoln City, making this the ultimate coastal retreat for owners and renters alike.
- 178 days |
- 358 |
- 25 |
Travel times
Living Room
Primary Bedroom
Dining Room
Zillow last checked:
Listing updated:
Josh Reed 206-708-4738,
Cascade Hasson Sotheby's International Realty
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Electric, Zoned
Cooling
- None
Appliances
- Included: Dishwasher, Gas Cooktop, Refrigerator
- Laundry: Main Level
Features
- Vaulted Ceiling(s)
- Flooring: Carpet, Hardwood, Tile
- Windows: Double Pane Windows, Vinyl Frames
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 1,376
- Total interior livable area: 1,376 sqft
- Finished area above ground: 1,376
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Enclosed Porch, Rear Patio, Covered Deck
- Has private pool: Yes
- Fencing: Partial
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 3,920 Square Feet
- Features: Corner Lot
Details
- Additional structures: Garage(s), Guest House, Workshop
- Parcel number: 071122CA870000
- Zoning description: VR Vacation Rental
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Cedar, Lap Siding, Shingle Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Sidewalks
- Subdivision: Olivia Beach
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Playground, Park, Picnic Area, Pool, Beach Access
- Services included: Maintenance Grounds, Property Taxes for Common Areas
- HOA fee: $520 quarterly
- HOA name: Olivia Beach
- HOA phone: 503-445-1211
Location
- Region: Lincoln City
Financial & listing details
- Price per square foot: $523/sqft
- Tax assessed value: $739,890
- Annual tax amount: $6,047
- Date on market: 4/11/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2026 | Price change | $720,000-3.9%$523/sqft |
Source:  OCMLS #26-936 | ||
| 4/11/2026 | Listed for sale | $749,000+74.6%$544/sqft |
Source: OCMLS #26-936 | ||
| 11/14/2008 | Sold | $429,000$312/sqft |
Source:  OCMLS #08-633 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,958 +1.6% | $365,360 +3% |
| 2024 | $5,866 +2.8% | $354,720 +3% |
| 2023 | $5,704 +2.9% | $344,390 +3% |
| 2022 | $5,545 +1.8% | $334,360 +3% |
| 2021 | $5,446 +5.5% | $324,630 +3% |
| 2020 | $5,161 | $315,180 +3% |
| 2019 | -- | $306,000 +3% |
| 2018 | $5,024 | $297,090 +3% |
| 2017 | $5,024 +11.4% | $288,440 +3% |
| 2016 | $4,509 | $280,040 +3% |
| 2015 | $4,509 +4.9% | $271,890 +3% |
| 2014 | $4,297 | $263,980 |
Find assessor info on the county website
Monthly payment
Estimated market value
$706,000
$671,000 - $741,000
$2,737/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.