Active

Price cut: $26K (6/11)

$399,000

920 SW 48th St #3, Lincoln City, OR 97367

2beds

880sqft

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Condominium

Built in 2023

-- sqft lot

$397,700 Zestimate^®

$453/sqft

$414/mo HOA

What's special

Gas fireplaceClean modern designPanoramic siletz bay viewsVaulted ceilingsAttached garageBright open layout

Zoned for immediate Short Term Rental License, allowing you to offset the cost to purchase while experiencing the best of Lincoln City! This newly built, top-floor condo featuring panoramic Siletz Bay views and a clean, modern design awaits you. Just two blocks from the beach in the heart of the vibrant Taft District, you're steps away from shopping, dining, coffee, and waterfront activities. Currently operating as a successful short-term rental, this turnkey Condo offers immediate income potential! The sale includes all furnishings, décor, and essentials, allowing the next owner to seamlessly continue operations or enjoy it as a private retreat. Inside, discover a bright open layout with vaulted ceilings, gas fireplace, and a private deck perfect for coastal sunsets. The condo layout adds privacy and ease, attached garage, low-maintenance design, and professional HOA management. SHORT TERM RENTAL PERMITTED!

186 days

477

21

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Electric, Wall Furnace

Cooling

None

Appliances

Included: Disposal, Dishwasher, Electric Oven, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Washer/Dryer Stacked, Water Heater
Laundry: Laundry Closet, Electric Dryer Hookup, Main Level, Washer Hookup

Features

Double Vanity, Kitchen Island, Vaulted Ceiling(s), Ceiling Fan(s)
Flooring: Other
Has basement: No
Has fireplace: No

Interior area

Total structure area: 880
Total interior livable area: 880 sqft
Finished area above ground: 880
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Additional Parking, Attached Garage, Garage Door Opener, Off Street, Paved
Garage spaces: 1

Features

Levels: One
Stories: 1
Patio & porch: Deck
Exterior features: Lighting
Has view: Yes
View description: Bay
Has water view: Yes
Water view: Bay

Lot

Size: 4,791 Square Feet

Details

Additional structures: None
Parcel number: 071127DC9000000
Zoning description: TVC - Taft Village Core
Special conditions: Standard

Construction

Type & style

Home type: Condo
Architectural style: Other
Property subtype: Condominium

Materials

Concrete
Foundation: Concrete Perimeter, Slab
Roof: Membrane

Condition

New construction: Yes
Year built: 2023

Utilities & green energy

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

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Subdivision: Taft

HOA

Has HOA: Yes
Amenities included: Other
Services included: Maintenance Grounds, Sewer, Water
HOA fee: $414 monthly
HOA name: TBD

Location

Region: Lincoln City

Financial & listing details

Price per square foot: $453/sqft
Annual tax amount: $3,991
Date on market: 1/9/2026
Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$397,700

$378,000 - $418,000

$2,200/mo

Price history

Date	Event	Price
6/11/2026	Price change	$399,000-6.1%$453/sqft
Source: OCMLS #26-35 Report a problem
5/5/2026	Price change	$425,000-3.4%$483/sqft
Source: OCMLS #26-35 Report a problem
2/20/2026	Price change	$439,900-2.2%$500/sqft
Source: OCMLS #26-35 Report a problem
11/26/2025	Price change	$449,900-3.5%$511/sqft
Source: OCMLS #25-1455 Report a problem
10/17/2025	Price change	$466,000-0.6%$530/sqft
Source: OCMLS #25-1455 Report a problem
9/9/2025	Price change	$469,000-1.1%$533/sqft
Source: OCMLS #25-1455 Report a problem
6/25/2025	Listed for sale	$474,000-0.2%$539/sqft
Source: OCMLS #25-1455 Report a problem
6/20/2025	Listing removed	$475,000$540/sqft
Source: OCMLS #23-1725 Report a problem
4/15/2025	Listed for sale	$475,000$540/sqft
Source: OCMLS #23-1725 Report a problem
4/5/2025	Pending sale	$475,000$540/sqft
Source: OCMLS #23-1725 Report a problem
9/20/2024	Price change	$475,000-1%$540/sqft
Source: OCMLS #23-1725 Report a problem
8/30/2023	Listed for sale	$480,000$545/sqft
Source: OCMLS #23-1725 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

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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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